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Property profile & analytics
OFF-MARKET
Estimated value
$635,000
Medical Office Space
1001 Southlake Blvd Southlake, TX 76092-6010
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US83-4245952
Property summary
AI-generated overview
This exceptional 11,356-square-foot medical office building is ideally situated at 1001 W Southlake Blvd, Southlake, TX 76092, in Tarrant County. Offered at $3,925,000 ($345.63/sq ft), this freestanding building presents a unique owner-user opportunity. The property boasts excellent visibility and signage potential, ensuring high patient traffic. With 71 parking spaces and situated on a generous 1.28-acre lot, ample parking is guaranteed. The building is ready for occupancy on December 1, 2024, providing immediate access for a new owner. This is a prime investment opportunity for medical professionals seeking a high-profile location in a thriving Southlake community. The current tenant will vacate, making this a blank canvas for your practice. There are no condo fees associated with this property. The net rentable square footage is 11,356 square feet. This is an owner-occupied investment opportunity.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1995
Total area
11,535 SF
Lot
1.28 ac (55,887 SF)
APN
40455C-10-1
UPID
US83-4245952
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$585k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$685k
Blend (final)
Blend
$635k
Owner & transaction history
Jsrx Holdings LLC
Jsrx Holdings LLC
since 2026
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$995,000
+21.6%
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 Southlake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Southlake 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
$585,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$815,000
Current use
RETAIL STORES
$995,000
Change: +22% · Conversion: Difficult
OFFICE BUILDING
$710,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$635k
Range $572k – $699k · ±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
$55 / 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
$42,833
Tax year 2023
Assessed value
$2,401,593
Assessed 2024
Previous assessed
$2,350,000
+2.2% YoY
Effective rate
1.78%
On assessed value
Assessed land
$642,712
Assessed improvement
$1,758,881
Land market value
$642,712
Improvement market value
$1,758,881
Total market value
$2,401,593
Applied tax rate
224.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1995
Heating
NONE
Stories
1
Total area
11,535 SF
Lot
1.28 ac (55,887 SF)
APN
40455C-10-1
UPID
US83-4245952
Jurisdiction
TARRANT
Metro division
FORT WORTH-ARLINGTON, TX METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$815,000
RETAIL STORES
Est. value
$995,000
OFFICE BUILDING
Est. value
$710,000
MEDICAL BUILDING Current
RETAIL STORES
OFFICE BUILDING
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
1995
Heating
NONE
Stories
1
Lot
1.28 ac
Current owner
From public records · entity-resolved
Jsrx Holdings LLC
Entity
Mailing address
1404 W PIONEER DR, IRVING, TX 75061-7114
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 16, 2026
—
Jsrx Holdings LLC
Aurora Apt LLC
Deed
$3,310,000 · Texas Bank And Trust Co
Apr 26, 2018
—
Aurora Apt LLC
Wm Real Estate Ltd
Grant Deed
$2,200,000 · Wfb NA
Dec 31, 2008
—
Wm Real Estate Ltd
2321 Highway 26 Office Complex
Grant Deed
$1,772,250 · Northstar Bank Of Texas
Sep 3, 2008
—
2321 Highway 26 Office Complex
Hrt Properties Of Texas Ltd
Grant Deed
$1,598,860 · Compass 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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