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Property profile & analytics
OFF-MARKET
Estimated value
$875,000
Office buildings
1124 Glade Rd Colleyville, TX 76034-4291
Entity Owned
17-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US83-4160114
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2008
Total area
5,122 SF
Lot
0.38 ac (16,749 SF)
APN
34663-2-3R2
UPID
US83-4160114
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
-
FedEx Drop Box Postal Service Courier Service
-
DiVine Med Spa Spa & Massage Center
-
Papaya Skin Bar Medical Clinic Skin Care Clinic
-
Precision Electrolysis Hair Salon Skin Care Clinic
-
DFW Properties LLC Property Management Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$806k
Blend (final)
Blend
$875k
Owner & transaction history
Glade River LLC · 17 yrs held
Glade River LLC
since 2009
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.0M
+17.3%
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 Colleyville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Colleyville 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$855,000
Current use
COMMERCIAL (GENERAL)
$1,000,000
Change: +17% · Conversion: Easy
Blend value · Realmo final
$875k
Range $788k – $963k · ±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
$171 / 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
$19,148
Tax year 2023
Assessed value
$1,135,130
Assessed 2024
Previous assessed
$1,135,130
+0.0% YoY
Effective rate
1.69%
On assessed value
Assessed land
$234,486
Assessed improvement
$900,644
Land market value
$234,486
Improvement market value
$900,644
Total market value
$1,135,130
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2008
Heating
NONE
Stories
1
Total area
5,122 SF
Lot
0.38 ac (16,749 SF)
APN
34663-2-3R2
UPID
US83-4160114
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
OFFICE BUILDING Current
Est. value
$855,000
COMMERCIAL (GENERAL)
Est. value
$1.0M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
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
2008
Heating
NONE
Stories
1
Lot
0.38 ac
Current owner
From public records · entity-resolved
Glade River LLC
Entity
Mailing address
11511 ROSSER RD, DALLAS, TX 75229-2745
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 16, 2019
—
Glade River II LP
—
Deed
related
$542,180 · Independent Bk
Jun 27, 2017
—
Glade River IV LP
—
Deed
related
$290,400 · Independent Bk
Jul 26, 2016
—
Glade River II LP
—
Deed
related
$616,924 · Independent Bk
May 4, 2010
—
Michael Sartain
—
Trustees Deed
related
$324,762 · Independent Bank
Nov 9, 2009
—
Michael Sartain
—
Trustees Deed
related
$324,762 · Independent Bank
Apr 16, 2009
—
Glade River LLC
Sartain,michael K
Warranty Deed
$652,734 · Independent Bk/collinsville Br
Oct 30, 2007
—
Michael K Sartain
Rcp Glade Road Ltd
Grant Deed
$476,991 · Independent Bank
Jan 22, 2007
—
King Fischer Ltd
Rcp Glade Road Ltd
Grant Deed
$270,000 · First Financial Bank NA
—
—
Glade River II LP
—
Loan Modification
related
$542,180 · Independent Bk
—
—
Glade River LLC
—
Deed Of Trust
related
$521,450 · Independent Bank
—
—
Glade River II LP
—
Loan Modification
related
$616,924 · Independent Bk
—
—
Glade River LP
—
Loan Modification
related
$507,999 · Independent Bk
—
—
Glade River LP
—
Deed Of Trust
related
$475,000 · Independent Bk
—
—
Glade River IV LP
—
Loan Modification
related
$290,400 · Independent Bk
—
—
Michael Sartain
—
Deed Of Trust
related
$324,762 · Independent Bank
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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