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Property profile & analytics
OFF-MARKET
Estimated value
$735,000
Warehouses
242 Bagdad Rd Grand Prairie, TX 75050-6226
Entity Owned
8-yr Hold
Free & Clear
Property ID
US82-0297861
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1966
Construction
TILT-UP CONCRETE
Total area
30,400 SF
Lot
3.07 ac (133,729 SF)
Zoning code
Z123
APN
28243500050070000
UPID
US82-0297861
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Metro Pacific Group Car Dealership
-
Triple Xxx Motor Sports Car Dealership Car Wash
-
Lone Star Headlights Auto Repair Shop
-
CC Core Reyclers Plus Auto & Truck Parts Auto Repair Shop
-
UNLIMITED FLEX AUTOS Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$715k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$753k
Blend (final)
Blend
$735k
Owner & transaction history
Avara Ventures LLC · 8 yrs held
Avara Ventures LLC
since 2017
7 recorded transactions
Zoning & alternative use
Z123 · Grand Prairie, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Grand Prairie submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grand Prairie submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$715,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$870,000
Current use
Blend value · Realmo final
$735k
Range $662k – $809k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$24 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$39,105
Tax year 2023
Assessed value
$1,700,000
Assessed 2023
Previous assessed
$1,700,000
+0.0% YoY
Effective rate
2.30%
On assessed value
Assessed land
$167,160
Assessed improvement
$1,532,840
Land market value
$167,160
Improvement market value
$1,532,840
Total market value
$1,700,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1966
Construction
TILT-UP CONCRETE
Heating
OTHER
Cooling
OTHER
Buildings
4
Stories
1
Total area
30,400 SF
Lot
3.07 ac (133,729 SF)
Zoning code
Z123
APN
28243500050070000
UPID
US82-0297861
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z123 · Grand Prairie, TX
Zoning Z123 · permitted uses
Z123 · Grand Prairie, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Grand Prairie. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$870,000
WAREHOUSE, STORAGE Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1966
Construction
TILT-UP CONCRETE
Heating
OTHER
Cooling
Yes
Stories
1
Buildings
4
Lot
3.07 ac
Current owner
From public records · entity-resolved
Avara Ventures LLC
Entity
Free & Clear · 8 yrs held
Mailing address
PO BOX 795335, DALLAS, TX 75379-5335
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2020
—
Avara Ventures LLC
—
Deed
related
$860,000 · Bank Of Hope
Jan 16, 2018
—
Avara Ventures LLC
—
Deed
related
$1,312,000 · Grand Bk/tx
Sep 29, 2017
—
Avara Ventures LLC
Owens,kristopher K
Warranty Deed
related
—
Jul 24, 2017
—
Kristopher K Owens
—
Trustees Deed
related
$300,000 · Grand Bk/tx
Jul 13, 2017
—
Kristopher K Owens
—
Deed
related
$100,000 · Grand Bk/tx
Feb 14, 2017
—
Kristopher K Owens
—
Deed
related
$201,206 · Grand Bk/tx
Aug 19, 2016
—
Kristopher K Owens
—
Trustees Deed
related
$250,000 · Grand Bk/tx
Aug 1, 2016
—
Kristopher K Owens
—
Trustees Deed
related
$120,000 · Grand Bk/tx
Aug 14, 2008
—
Metro Pacific Group
—
Trustees Deed
related
$250,000 · Grand Bank Of Texas
Jul 16, 2007
—
Metro Pacific Group
Metro Pacific Group
Quit Claim Deed
related
$925,000 · Grand Bank Of Texas
—
—
Metro Pacific Group
—
Deed Of Trust
related
$906,781 · Grand Bank Of Texas
—
—
Kristopher K Owens
—
Deed Of Trust
related
$1,600,000 · Grand Bk/tx
—
—
Kristopher K Owens
—
Loan Modification
related
$201,206 · Grand Bk/tx
—
—
Kristopher K Owens
—
Deed Of Trust
related
$100,000 · Grand Bk/tx
—
—
Avara Ventures LLC
—
Deed Of Trust
related
$1,312,000 · Grand Bk/tx
—
—
Avara Ventures LLC
—
Deed Of Trust
related
$860,000 · Bank Of Hope
—
—
Metro Pacific Group
—
Deed Of Trust
related
$250,000 · Grand Bank Of Texas
—
—
Kristopher K Owens
—
Deed Of Trust
related
$1,800,000 · Grand Prairie State Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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