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Property profile & analytics
OFF-MARKET
Estimated value
$1,060,000
Hotels
117 Watson Rd Arlington, TX 76010-2402
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US83-2730812
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1984
Total area
156,265 SF
Lot
6.3 ac (274,472 SF)
APN
36625--8A
UPID
US83-2730812
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
-
Club 72 LLC Gym & Fitness Center
-
Lux Hotel & Spa Hotel & Motel
-
zuri barand lounge Bar & Pub Nightclub
-
BleuReign Skin (Bike/Boat/Book/etc) Store Cosmetic Store
-
Euphoric Hands Massage Therapy Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$730k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.39M
Blend (final)
Blend
$1.06M
Owner & transaction history
Amerishal Investments LLC · 18 yrs held
Amerishal Investments LLC
since 2007
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 Arlington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Arlington 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
$730,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.06M
Range $954k – $1.17M · ±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
$7 / 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
$136,807
Tax year 2023
Assessed value
$5,250,000
Assessed 2024
Previous assessed
$6,200,000
-15.3% YoY
Effective rate
2.61%
On assessed value
Assessed land
$1,509,475
Assessed improvement
$3,740,525
Land market value
$1,509,475
Improvement market value
$3,740,525
Total market value
$5,250,000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1984
Heating
NONE
Stories
1
Total area
156,265 SF
Lot
6.3 ac (274,472 SF)
APN
36625--8A
UPID
US83-2730812
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
Building & site characteristics
From public records
Year built
1984
Heating
NONE
Stories
1
Lot
6.3 ac
Current owner
From public records · entity-resolved
Amerishal Investments LLC
Entity
Mailing address
PO BOX 1366, COLLEYVILLE, TX 76034-1366
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 9, 2017
—
Amerishal Investments LLC
—
Deed
related
$5,000,000 · Cathay Bk
Oct 29, 2007
—
Amerishal Investments LLC
Ghoman,ramjit K
Warranty Deed
—
Aug 23, 2007
—
Ramjit K Ghoman
Best Resort Hotel INC
Warranty Deed
related
—
Nov 3, 2006
—
Best Resort Hotel INC
Ghoman,sarjit S & Ramjit K
Grant Deed
—
Jun 19, 2000
—
Sarjit S Ghoman
—
Grant Deed
related
$33,000 · Awalt Sign Co
Jun 9, 2000
—
Sarjit Ghoman
—
Grant Deed
related
$1,000,100 · Money Store Investment Corp
—
—
Sarjit S Ghoman
—
Deed Of Trust
related
$2,800,000 · La Jolla Savings Bank
—
—
Amerishal Investments LLC
—
Deed Of Trust
related
$300,000 · Areesh Investment Group INC
—
—
Best Hotel & Suites INC
—
Deed Of Trust
related
$275,000 · Sand Pointe Hospitality INC
—
—
Amerishal Investments LLC
—
Deed Of Trust
related
$25,000 · Ramjit Ghoman
—
—
Amerishal Investments LLC
—
Deed Of Trust
related
$86,000 · Amerifinancial Corp
—
—
Amerishal Investments LLC
—
Deed Of Trust
related
$5,000,000 · Cathay Bk
—
—
Sarjit S Ghoman
—
Deed Of Trust
related
$64,941 · Property Tax Lending III LP
—
—
Sarjit S Ghoman
—
Deed Of Trust
related
$54,733 · Property Tax Lending LP
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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