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Property profile & analytics
OFF-MARKET
Estimated value
$690,000
Retail space
113 2nd St Grand Prairie, TX 75050-5702
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US82-2694911
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1950
Construction
TILT-UP CONCRETE
Total area
5,000 SF
Lot
0.22 ac (9,500 SF)
Zoning code
Z20
APN
28000500200020000
UPID
US82-2694911
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
-
Sherwin-Williams Paint Store Hardware & Home Improvement Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$707k
Blend (final)
Blend
$690k
Owner & transaction history
Austin & Tutton LLC-series 14 · 6 yrs held
Austin & Tutton LLC-series 14
since 2020
6 recorded transactions
Zoning & alternative use
Z20 · Grand Prairie, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$790,000
+27.8%
Restaurant
$675,000
+9.5%
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 Grand Prairie submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grand Prairie 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
RETAIL STORES
$620,000
Current use
COMMERCIAL (GENERAL)
$790,000
Change: +28% · Conversion: Easy
RESTAURANT
$675,000
Change: +9% · Conversion: Easy
OFFICE BUILDING
$595,000
Change: -4% · Conversion: Easy
AUTO REPAIR, GARAGE
$550,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$690k
Range $621k – $759k · ±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
$138 / 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
$10,884
Tax year 2023
Assessed value
$473,140
Assessed 2023
Previous assessed
$473,140
+0.0% YoY
Effective rate
2.30%
On assessed value
Assessed land
$28,500
Assessed improvement
$444,640
Land market value
$28,500
Improvement market value
$444,640
Total market value
$473,140
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1950
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
5,000 SF
Lot
0.22 ac (9,500 SF)
Zoning code
Z20
APN
28000500200020000
UPID
US82-2694911
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z20 · Grand Prairie, TX
Zoning Z20 · permitted uses
Z20 · Grand Prairie, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Grand Prairie. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$620,000
COMMERCIAL (GENERAL)
Est. value
$790,000
RESTAURANT
Est. value
$675,000
OFFICE BUILDING
Est. value
$595,000
AUTO REPAIR, GARAGE
Est. value
$550,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
RESTAURANT
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1950
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.22 ac
Current owner
From public records · entity-resolved
Austin & Tutton LLC-series 14
Entity
Mailing address
243 SIGNAL MTN RD, CHATTANOOGA, TN 37405-1933
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 22, 2020
—
Austin & Tutton LLC-series 14
Sslc Interests LLC
Warranty Deed
$396,000 · First Us Bk
Feb 15, 2019
—
Sslc Interests LLC
Kidd,scott
Grant Deed
—
Apr 17, 2013
—
Scott Kidd
Kidd,o A
Quit Claim Deed
related
—
Dec 21, 2012
—
O A Kidd
Tc Riverview Ptshp
Grant Deed
—
Dec 7, 2007
—
Tc Riverview Ptshp
Underwood,mary A K
Warranty Deed
$200,000 · Cecil Farris
—
—
Tc Riverview
—
Deed Of Trust
related
$200,000 · Cecil Farris
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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