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Property profile & analytics
OFF-MARKET
Estimated value
$500,000
Warehouses
1060 Texan Trl Grapevine, TX 76051-3703
Individually Owned
6-yr Hold
~
Est. High Equity
Property ID
US82-3548099
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1990
Total area
17,762 SF
Lot
1.93 ac (84,158 SF)
APN
41232-1-1
UPID
US82-3548099
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
-
M & M X-Press Services Trucking Company
-
Lead Concepts Advertising Agency Marketing & Advertising
-
GRACE Donation Station Association / Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$475k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$526k
Blend (final)
Blend
$500k
Owner & transaction history
Grapevine Relief & Cmnty Excha · 6 yrs held
Grapevine Relief & Cmnty Excha
since 2020
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$805,000
+93.5%
Neighborhood: shopping center
$735,000
+76.4%
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
$475,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$415,000
Current use
AUTO REPAIR, GARAGE
$805,000
Change: +94% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$735,000
Change: +76% · Conversion: Moderate
Blend value · Realmo final
$500k
Range $450k – $550k · ±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
$28 / 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
Assessed value
$1,429,841
Assessed 2024
Previous assessed
$1,429,841
+0.0% YoY
Assessed land
$706,919
Assessed improvement
$722,922
Land market value
$706,919
Improvement market value
$722,922
Total market value
$1,429,841
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1990
Heating
NONE
Stories
1
Total area
17,762 SF
Lot
1.93 ac (84,158 SF)
APN
41232-1-1
UPID
US82-3548099
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
WAREHOUSE, STORAGE Current
Est. value
$415,000
AUTO REPAIR, GARAGE
Est. value
$805,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$735,000
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1990
Heating
NONE
Stories
1
Lot
1.93 ac
Current owner
From public records · entity-resolved
Grapevine Relief & Cmnty Excha
Individual
Mailing address
PO BOX 412, GRAPEVINE, TX 76099-0412
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 11, 2020
—
Grapevine Relief & Cmnty Excha
Christopher R Weir
Grant Deed
—
Nov 8, 2019
—
Grapevine Relief & Cmnty Excha
—
Deed
related
$100,000 · Providence Bk
Jul 27, 2016
—
Chris Weir Commercial Ents LLC
—
Deed
related
$785,000 · First United Bk
Jul 8, 2016
—
Christopher R Weir
—
Deed
related
$785,000 · First United Bank & Trust Co
Jul 31, 2013
—
Christopher R Weir
Lead Concepts INC
Quit Claim Deed
$750,000 · Bank Of America
Jun 25, 2002
—
Lead Concepts INC
Dallas Airmotive INC
Grant Deed
$855,000 · Cnl Commercial Finance INC
—
—
Grapevine Relief & Cmnty Excha
—
Deed Of Trust
related
$2,750,000 · Providence Bk
—
—
Chris Weir Commercial Ents LLC
—
Loan Modification
related
$2,023,300 · First United Bk
—
—
Grapevine Relief & Cmnty Excha
—
Deed Of Trust
related
$100,000 · Providence Bk
—
—
Chris Weir Commercial Ents LLC
—
Loan Modification
related
$785,000 · First United Bk
—
—
Lead Concepts INC
—
Deed Of Trust
related
$846,859 · Bank Of America
—
—
Lead Concepts INC
—
Deed Of Trust
related
$175,000 · Bank Of America
—
—
Lead Concepts INC
—
Deed Of Trust
related
$800,000 · Bank Of America
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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