New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,565,000
Distribution centers
1002 Ave T T Grand Prairie, TX 75050-1125
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-0140264
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1981
Total area
100,868 SF
Lot
4.61 ac (200,855 SF)
APN
48527-5-2B
UPID
US82-0140264
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
-
Renaissance Cast Stone Factory Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.57M
Owner & transaction history
Tx 1002 Avenue T De LLC · 4 yrs held
Tx 1002 Avenue T De LLC
since 2021
7 recorded transactions
Zoning & alternative use
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$16 / 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
$107,937
Tax year 2023
Assessed value
$5,245,136
Assessed 2024
Previous assessed
$4,740,796
+10.6% YoY
Effective rate
2.06%
On assessed value
Assessed land
$703,028
Assessed improvement
$4,542,108
Land market value
$703,028
Improvement market value
$4,542,108
Total market value
$5,245,136
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1981
Heating
NONE
Stories
1
Total area
100,868 SF
Lot
4.61 ac (200,855 SF)
APN
48527-5-2B
UPID
US82-0140264
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
Building & site characteristics
From public records
Year built
1981
Heating
NONE
Stories
1
Lot
4.61 ac
Current owner
From public records · entity-resolved
Tx 1002 Avenue T De LLC
Entity
Free & Clear · 4 yrs held
Mailing address
450 PARK AVE FL #9, NEW YORK, NY 10022-2741
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 27, 2021
—
Tx 1002 Avenue T De LLC
Iron Owner LLC
Special Warranty Deed
—
Aug 31, 2018
—
Iron Owner LLC
Ch Realty Viii Texas Indl Por
Grant Deed
related
—
May 4, 2015
—
Ch Realty Vii Of I Texas Indl Po
Avenue T Ab Mayfield LLC
Grant Deed
—
Mar 11, 2013
—
Avenue T Ab Mayfield LLC
Crp-2 West Dallas LP
Special Warranty Deed
$45,000,000 · Capitalsource Bank
Aug 21, 2007
—
West Dallas Crp-2
Sealy Ta Texas
Grant Deed
related
—
—
—
Ch Realty Vii Of I Texas Indl Po
—
Deed Of Trust
related
$90,500,000 · Miscellaneous Ins Co
—
—
Iron Owner LLC
—
Deed Of Trust
related
$589,300 · Goldman Sachs Bk USA
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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