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Property profile & analytics
FOR LEASE
Warehouses
1118 S Airport Cir Euless, TX 76040
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US83-4128546
For Lease
1 / 4
$1,380,000
1118 S Airport Cir, Euless, TX 76040
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1984
Total area
56,976 SF
Lot
3.22 ac (140,263 SF)
APN
190-1-2R
UPID
US83-4128546
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
-
Ac Lady Inc Hardware & Home Improvement HVAC Service
-
Southwestern Rack Co Factory Metal Fabrication Plant
-
Euless Monthly Parking Parking Lot & Garage
-
Chariot Auto Brokers Car Dealership
-
European Auto Service Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$940k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.81M
Blend (final)
Blend
$1.38M
Owner & transaction history
Lrf1 Dallas Logistics 4 LLC · 6 yrs held
Lrf1 Dallas Logistics 4 LLC
since 2020
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 Euless submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Euless 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
$940,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,225,000
Current use
Blend value · Realmo final
$1.38M
Range $1.24M – $1.52M · ±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
$24 / 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
$47,125
Tax year 2023
Assessed value
$2,661,408
Assessed 2024
Previous assessed
$2,506,944
+6.2% YoY
Effective rate
1.77%
On assessed value
Assessed land
$280,526
Assessed improvement
$2,380,882
Land market value
$280,526
Improvement market value
$2,380,882
Total market value
$2,661,408
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
For Lease
Year built
1984
Heating
NONE
Cooling
YES
Stories
1
Total area
56,976 SF
Lot
3.22 ac (140,263 SF)
APN
190-1-2R
UPID
US83-4128546
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
$2.2M
WAREHOUSE, STORAGE Current
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
1984
Heating
NONE
Cooling
Yes
Stories
1
Lot
3.22 ac
Current owner
From public records · entity-resolved
Lrf1 Dallas Logistics 4 LLC
Entity
Free & Clear · 6 yrs held
Mailing address
116 HUNTINGTON AVE STE #601, BOSTON, MA 02116-5749
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 28, 2020
—
Lrf1 Dallas Logistics 4 LLC
—
Deed
related
$57,600,000 · Miscellaneous Ins Co
Apr 3, 2020
—
Lrf1 Dallas Logistics 4 LLC
Ozinus Texas Star LLC
Grant Deed
related
—
Jul 17, 2014
—
Ozinus Texas Star LLC
Urban Sw-texas Star LLC
Grant Deed
related
—
Jun 20, 2007
—
Urban Sw-texas Star LLC
Texas Star Indl Group Ltd
Quit Claim Deed
related
$3,000,000 · Viewpoint Bank
Jun 19, 2007
—
Urban Texas Star LLC
Owner Name Unavailable
Grant Deed
related
—
—
—
Ozinus Texas Star LLC
—
Deed Of Trust
related
$11,510,000 · Other Institutional Lenders
—
—
Urban Sw-texas Star LLC
—
Deed Of Trust
related
$3,000,000 · Viewpoint Bank
—
—
Lrf1 Dallas Logistics 4 LLC
—
Deed Of Trust
related
$57,600,000 · Miscellaneous Ins Co
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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