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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Strip malls
1125 Davis Blvd Southlake, TX 76092-8256
Entity Owned
9-yr Hold
Absentee Owner
Free & Clear
Property ID
US83-3443458
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2002
Total area
10,464 SF
Lot
1.26 ac (54,929 SF)
APN
41977--4
UPID
US83-3443458
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
$580k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$472k
Blend (final)
Blend
$525k
Owner & transaction history
Rig Properties LLC · 9 yrs held
Rig Properties LLC
since 2016
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$785,000
+84.7%
Medical building
$740,000
+74.8%
Office building
$640,000
+51.6%
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 Southlake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Southlake 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
$580,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$425,000
Current use
RETAIL STORES
$785,000
Change: +85% · Conversion: Easy
MEDICAL BUILDING
$740,000
Change: +75% · Conversion: Difficult
OFFICE BUILDING
$640,000
Change: +52% · Conversion: Moderate
AUTO REPAIR, GARAGE
$490,000
Change: +16% · Conversion: Difficult
WAREHOUSE, STORAGE
$385,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$525k
Range $473k – $578k · ±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
$50 / 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
$52,640
Tax year 2023
Assessed value
$2,915,000
Assessed 2024
Previous assessed
$2,888,064
+0.9% YoY
Effective rate
1.81%
On assessed value
Assessed land
$549,290
Assessed improvement
$2,365,710
Land market value
$549,290
Improvement market value
$2,365,710
Total market value
$2,915,000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2002
Heating
NONE
Stories
1
Total area
10,464 SF
Lot
1.26 ac (54,929 SF)
APN
41977--4
UPID
US83-3443458
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$425,000
RETAIL STORES
Est. value
$785,000
MEDICAL BUILDING
Est. value
$740,000
OFFICE BUILDING
Est. value
$640,000
AUTO REPAIR, GARAGE
Est. value
$490,000
WAREHOUSE, STORAGE
Est. value
$385,000
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
2002
Heating
NONE
Stories
1
Lot
1.26 ac
Current owner
From public records · entity-resolved
Rig Properties LLC
Entity
Free & Clear · 9 yrs held
Mailing address
1455 W TRINITY MLS RD, CARROLLTON, TX 75006-1332
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
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
Dec 4, 2017
—
Rig Properties LLC
—
Grant Deed
related
$2,500,000 · Premier Bk/tx
Aug 11, 2016
$2,118,900
Rig Properties LLC
Stroup Robert C|honeycomb Capital LLC
Trustees Deed
related
—
Aug 7, 2008
—
Honeycomb Capital LLC
Woods,ronnie M & Verona S
Grant Deed
$2,100,000 · Ronnie M Woods
Apr 16, 2003
—
Ronnie M Woods
—
Trustees Deed
related
$700,000 · Legend Bank
Nov 8, 2001
—
Ronnie M Woods
—
Trustees Deed
related
$700,000 · Legend Bank
—
—
Honeycomb Capital LLC
—
Deed Of Trust
related
$2,059,326 · Ronnie M Woods
—
—
Honeycomb Capital LLC
—
Loan Modification
related
$2,059,326 · Ronnie M Woods
—
—
Honeycomb Capital LLC
—
Deed Of Trust
related
$2,059,326 · Ronnie M Woods
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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