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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Bars & Pubs
1041 State Hwy 114 Grapevine, TX 76051-3988
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-3298196
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1995
Total area
7,062 SF
Lot
1.79 ac (78,016 SF)
APN
8898-1-2R
UPID
US82-3298196
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
$425k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$601k
Blend (final)
Blend
$510k
Owner & transaction history
Wd Crossroads LP · 7 yrs held
Wd Crossroads LP
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$610,000
+6.9%
Commercial (general)
$600,000
+5.7%
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 Grapevine submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grapevine 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
$425,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$570,000
Current use
RETAIL STORES
$610,000
Change: +7% · Conversion: Easy
COMMERCIAL (GENERAL)
$600,000
Change: +6% · Conversion: Easy
MEDICAL BUILDING
$515,000
Change: -9% · Conversion: Difficult
OFFICE BUILDING
$510,000
Change: -11% · Conversion: Moderate
Blend value · Realmo final
$510k
Range $459k – $561k · ±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
$72 / 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
$38,159
Tax year 2023
Assessed value
$2,276,224
Assessed 2024
Previous assessed
$2,276,224
+0.0% YoY
Effective rate
1.68%
On assessed value
Assessed land
$1,560,000
Assessed improvement
$716,224
Land market value
$1,560,000
Improvement market value
$716,224
Total market value
$2,276,224
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
Bars & Pubs
Use group
BAR, TAVERN
Status
Off-Market
Year built
1995
Heating
NONE
Stories
1
Total area
7,062 SF
Lot
1.79 ac (78,016 SF)
APN
8898-1-2R
UPID
US82-3298196
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
RESTAURANT Current
Est. value
$570,000
RETAIL STORES
Est. value
$610,000
COMMERCIAL (GENERAL)
Est. value
$600,000
MEDICAL BUILDING
Est. value
$515,000
OFFICE BUILDING
Est. value
$510,000
RESTAURANT Current
RETAIL STORES
COMMERCIAL (GENERAL)
MEDICAL BUILDING
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
1.79 ac
Current owner
From public records · entity-resolved
Wd Crossroads LP
Entity
Mailing address
25 HIGHLAND PARK VLG STE #100, DALLAS, TX 75205-2726
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
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
Apr 8, 2026
—
Grapevine Investor Group LLC
—
Deed
related
$23,418,750 · Bank Of The West
Jan 24, 2023
—
Wd Crossroads LP
—
Deed
related
—
Aug 21, 2020
—
Wd-crossroads LP
—
Deed
related
$1,454,794 · Spirit Of Tx Bk Ssb
Jan 13, 2020
—
Wd-crossroads LP
—
Deed
related
$1,440,116 · Spirit Of Tx Bk Ssb
Oct 23, 2018
—
Wd Crossroads LP
Reginal Airport Limited Partnership
Warranty Deed
$2,300,000 · Spirit Of Texas Bank Ssb
—
—
Wd-crossroads LP
—
Loan Modification
related
$1,440,116 · Spirit Of Tx Bk Ssb
—
—
Wd-crossroads LP
—
Loan Modification
related
$1,454,794 · Spirit Of Tx Bk Ssb
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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