Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    8951 Crk Run Rd Fort Worth, TX 76120-3950

    • Golf courses & driving ranges
    • 12,400 SF
    • 43.79 lot acres
    OFF-MARKET
    Last Sale
    Apr 22, 2021
    Value Estimations
    $465,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2999751
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • PMR Charity / Charity / Service Establishment
    • Waterchase Golf Club / Golf Shop / Public Golf Course

    Property Details for 8951 Crk Run Rd

    Year built
    2000
    Lot size
    43.79 lot acres
    Property size
    12,400 SF
    Property type
    Golf courses & driving ranges
    APN
    24039-1-1
    APU
    2403911

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $450,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $480,000
      Market price range: $249k - $707k

    • Alternative Use

      Use
      Estimation
      RECREATIONAL/ENTERTAINMENT (GENERAL)
      $500,000
      Current use
      OFFICE BUILDING
      $730,000
      Change: +46% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $560,000
      Change: +12% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fort Worth
    County
    Tarrant
    State
    Texas
    Longitude
    -97.1584
    Latitude
    32.7656
    CBSA code
    19100
    CBSA name
    DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $18,765
    $482,310
    $346,982
    $829,292
    -
    $482,310
    $346,982
    $829,292

    Comparable in this City

    • Value Estimation
      $295,000
      1.85 Acres

      8915 Racquet Clb Dr

      COUNTRY CLUB • 1.85 Acres
      8915 Racquet Clb Dr, Fort Worth, TX 76120-2839
      View Details
    • Value Estimation
      $310,000
      34.31 Acres

      9001 Racquet Clb Dr

      COUNTRY CLUB • 34.31 Acres
      9001 Racquet Clb Dr, Fort Worth, TX 76120-2841
      View Details
    • Value Estimation
      $280,000
      0.61 Acres

      Ee Fwy

      COUNTRY CLUB • 0.61 Acres
      Ee Fwy, Fort Worth, TX 76120
      View Details
    • Value Estimation
      $285,000
      6.77 Acres

      9050 John T White Rd

      COUNTRY CLUB • 6.77 Acres
      9050 John T White Rd, Fort Worth, TX 76120
      View Details
    • Value Estimation
      $470,000
      11,579 SF

      8940 Crk Run Rd

      COUNTRY CLUB • 11,579 SF
      8940 Crk Run Rd, Fort Worth, TX 76120-3949
      View Details
    • Value Estimation
      $295,000
      3.40 Acres

      9099 John T White Rd

      COUNTRY CLUB • 3.40 Acres
      9099 John T White Rd, Fort Worth, TX 76120
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      47,891 SF

      Versatile Office and Warehouse Space

      Office and warehouse combination suitable for various uses.
      3625 S Loop 820 E, Fort Worth, TX 76120
      View Details
    • Contact for pricing

      Commercial Land in Cooks Corridor

      Land in high-traffic area near retailers and restaurants.
      1108 Cooks Ln, Fort Worth, TX 76120
      View Details
    • $4,200,000
      73.00 Acres

      73 Acres Near Trinity River

      73 acres of land near the West Fork Trinity River.
      8601 Lowery Rd, Fort Worth, TX 76120
      View Details
    • $199,000
      1.40 Acres

      Unimproved Commercial Lot Near Freeways

      Corner lot near shopping and freeways, suitable for small business.
      8050 Brentwood Stair Rd, Fort Worth, TX 76120
      View Details
    • Contact for pricing
      240,405 SF

      Vic Centre Apartments: Fort Worth, TX

      Luxury Multifamily Investment Opportunity
      7120 Anderson Blvd, Fort Worth, TX 76120
      View Details
    • Contact for pricing
      61,300 SF

      Warehouse with Crane and Storage

      61,300 SF warehouse on 9 acres with heavy power.
      6801 Old Randol Mill Rd, Fort Worth, TX 76120
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      47,375 SF

      Manhattan Plaza Office Suites

      Fort Worth office space, flexible sizes.
      6850 Manhattan Blvd, Fort Worth, TX 76120
      View Details
    • $13 SF/Yr
      6,000 SF

      Executive Suites, Fort Worth

      Prime Office Space Available, 1,500-6,000 SF
      6800 Manhattan Blvd, Fort Worth, TX 76120
      View Details
    • Contact for pricing
      261,730 SF

      Eastchase Market: Fort Worth Retail

      Prime Fort Worth retail space, multiple units available.
      1600 Eastchase Pkwy, Fort Worth, TX 76120
      View Details
    • $395 /Mo
      117,525 SF

      Fort Worth Medical Clinic Space

      Plug and play medical clinic space available for lease.
      6850 Manhattan Blvd, Fort Worth, TX 76120
      View Details
    • $395 /Mo
      48,299 SF

      Renovated Office/Medical Space Available

      Recently renovated office/medical property with limited square footage available for lease.
      6825 Manhattan Blvd, Fort Worth, TX 76120
      View Details
    • $11 SF/Yr
      3,642 SF

      Renovated Office Space Available

      Renovated office space with building signage and strong parking.
      6900 Anderson Blvd, Fort Worth, TX 76120
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    8951 Crk Run Rd
    Fort Worth, TX 76120-3950
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.