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    904 Boyd Rd Azle, TX 76020
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    Property profile & analytics

    904 Boyd Rd, Azle, TX 76020

    View on Map
    • Retail space
    • 1,660 SF
    Off-Market
    Property ID
    US83-2988142
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 904 Boyd Rd

    Year built
    1962
    Property type
    Retail space
    Property subtype
    Storefront properties

    Description

    This exceptional 1,660 square foot commercial property, located at 904 Boyd Road in Azle, Texas, presents a unique investment opportunity. Situated on a sizable 18,295 square foot corner lot, the property boasts excellent visibility and accessibility due to its prime location on the busy Boyd Road (FM 730N) thoroughfare. The existing structure, built in 1962, is a single-story building and offers potential for renovation or demolition to accommodate a new facility. The property is zoned for commercial use, allowing for a variety of development options, including medical office, quick-service restaurant (QSR), or storefront retail. City water and sewer are readily available, and electricity is already on-site. The net rentable square footage is 1,660 square feet. This versatile property is priced at $625,000 and presents a compelling opportunity for investors seeking a high-traffic location in a growing Texas market. The property's location in Tarrant County, Texas, zip code 76020, offers convenient access to local amenities and transportation networks. This is a rare chance to acquire a well-positioned commercial property with significant upside potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Azle
    County
    Tarrant
    State
    Texas
    Longitude
    -97.543088103508
    Latitude
    32.908725902587

    Comparable in this City

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      $599,000
      4,500 SF

      Commercial Day Care Facility Opportunity

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      Azle Commercial Property For Sale

      Commercial property with redevelopment potential in high-traffic Azle location.
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      Hard-Corner Development Land

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      Retail Property for Sale

      Offered for sale on a 1.16-acre lot in Azle, providing room to support a variety of retail concepts.
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      Commercial Land with Road Frontage

      High-visibility site with extensive frontage, ideal for a range of commercial and development concepts.
      11701 S Fm 730 Hwy, Azle, TX 76020
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    Similar Nearby for Sale

    • New
      $599,000
      4,500 SF

      Commercial Day Care Facility Opportunity

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      11361 Fm 730 N, Reno, TX 76020
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      4,158 SF

      Azle Commercial Property For Sale

      Commercial property with redevelopment potential in high-traffic Azle location.
      1129 Boyd Rd, Azle, TX 76020
      View Details
    • New
      $649,000
      1.34 Acres

      Light Commercial Property with Two Buildings

      High-visibility light commercial site with two buildings, strong Highway frontage, and ample parking for owner-users or investors.
      1917 Az, Sanctuary, TX 76020
      View Details
    • $1,100,000
      2.30 Acres

      Hard-Corner Development Land

      2.30-acre hard-corner site with Highway 199 frontage, strong visibility, utilities available, and existing building potential.
      501 Red Bud Dr, Azle, TX 76020
      View Details
    • $1,200,000
      1.16 Acres

      Retail Property for Sale

      Offered for sale on a 1.16-acre lot in Azle, providing room to support a variety of retail concepts.
      12258 S Fm 730, Azle, TX 76020
      View Details
    • $995,000
      3.75 Acres

      Commercial Land with Road Frontage

      High-visibility site with extensive frontage, ideal for a range of commercial and development concepts.
      11701 S Fm 730 Hwy, Azle, TX 76020
      View Details

    Similar Nearby for Lease

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      Retail Space on FM 730

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      Restaurant-Ready Strip Retail Center

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      Retail Units For Lease

      Retail units available for lease in high-traffic area.
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    Azle, TX 76020
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    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
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