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Property profile & analytics
OFF-MARKET
Estimated value
$1,055,000
Strip malls
1017 Ft Worth St Grand Prairie, TX 75050-5402
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US82-1990495
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2007
Construction
FRAME
Total area
22,600 SF
Lot
1.79 ac (78,190 SF)
Zoning code
Z315
APN
28052500581R10000
UPID
US82-1990495
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
-
Fiesta Wash N Dry (Bike/Boat/Book/etc) Store
-
LIQUOR ISLAND (Bike/Boat/Book/etc) Store Wine and Liquor Store
-
Louie Kimberly E DDS Dental Office
-
Rai Poonam P DDS Dental Office
-
Skip Jones - State Farm Insurance Agent Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$675k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.43M
Blend (final)
Blend
$1.06M
Owner & transaction history
Abj Group Partner Tx2 LLC · 3 yrs held
Abj Group Partner Tx2 LLC
since 2022
6 recorded transactions
Zoning & alternative use
Z315 · Grand Prairie, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.6M
+52.5%
Apartment house (5+ units)
$1.3M
+17.0%
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
$675,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,075,000
Current use
MEDICAL BUILDING
$1,645,000
Change: +53% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,260,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$1.06M
Range $950k – $1.16M · ±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
$47 / 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
$79,360
Tax year 2023
Assessed value
$3,450,000
Assessed 2023
Previous assessed
$3,450,000
+0.0% YoY
Effective rate
2.30%
On assessed value
Assessed land
$234,520
Assessed improvement
$3,215,480
Land market value
$234,520
Improvement market value
$3,215,480
Total market value
$3,450,000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2007
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
22,600 SF
Lot
1.79 ac (78,190 SF)
Zoning code
Z315
APN
28052500581R10000
UPID
US82-1990495
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z315 · Grand Prairie, TXZoning Z315 · permitted uses
Z315 · Grand Prairie, TX
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
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
2007
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
1.79 ac
Current owner
From public records · entity-resolved
Abj Group Partner Tx2 LLC
Entity
Mailing address
2707 WATERFRONT DR, GRAND PRAIRIE, TX 75054-7266
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 9, 2022
—
Abj Group Partner Tx2 LLC
Drok Property LLC
Venders Lien
$1,310,000 · East West Bank
May 26, 2022
—
Drok Property LLC
—
Deed
related
$1,400,000 · New Millennium Bank
Dec 21, 2018
—
Drok Property LLC
Dong Rae Park
Warranty Deed
$1,660,000 · Zb NA
Feb 22, 2018
—
Dong Rae Park
Vp Star Investments LLC
Venders Lien
$1,820,000 · Pacific City Bank
Oct 20, 2009
—
Vp Star Investments LLC
—
Trustees Deed
related
$280,000 · T Bank NA
Sep 19, 2007
—
Vp Star Investments LLC
Kp Star Investments INC
Grant Deed
$1,980,000 · Bmc Cl LP
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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