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Property profile & analytics
OFF-MARKET
Gas stations
1202 3rd St Grand Prairie, TX 75051-3043
Individually Owned
6-yr Hold
Free & Clear
Property ID
US83-2719284
Property profile
Verified
Property type
Gas stations
Use group
SERVICE STATION (FULL SERVICE)
Year built
1956
Construction
TILT-UP CONCRETE
Total area
1,232 SF
Lot
0.29 ac (12,501 SF)
Zoning code
Z31
APN
28009500010030000
UPID
US83-2719284
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
-
JED Auto Sales & Repair Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Mohammad S Aikal · 6 yrs held
Mohammad S Aikal
since 2019
7 recorded transactions
Zoning & alternative use
Z31 · Grand Prairie, TX
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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,357
Tax year 2023
Assessed value
$59,000
Assessed 2023
Previous assessed
$59,000
+0.0% YoY
Effective rate
2.30%
On assessed value
Assessed land
$25,000
Assessed improvement
$34,000
Land market value
$25,000
Improvement market value
$34,000
Total market value
$59,000
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
Gas stations
Use group
SERVICE STATION (FULL SERVICE)
Status
Off-Market
Year built
1956
Construction
TILT-UP CONCRETE
Heating
YES
Stories
1
Total area
1,232 SF
Lot
0.29 ac (12,501 SF)
Zoning code
Z31
APN
28009500010030000
UPID
US83-2719284
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z31 · Grand Prairie, TX
Zoning Z31 · permitted uses
Z31 · 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.
Building & site characteristics
From public records
Year built
1956
Construction
TILT-UP CONCRETE
Heating
YES
Stories
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
Mohammad S Aikal
Individual
Free & Clear · 6 yrs held
Mailing address
844 ABERDEEN CT, COPPELL, TX 75019-2885
Ownership since
2019
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 26, 2019
—
Mohammad S Aikal
124t1 LLC
Grant Deed
—
May 24, 2019
—
Peggy N Usrey
Usrey,charles T
Quit Claim Deed
related
—
Dec 12, 2018
—
Peggy N Usrey
Abbott,lorrie K
Grant Deed
related
—
Sep 10, 2018
—
Peggy N Usrey
Usrey,ken B
Affidavit Of Death
related
—
Mar 12, 2010
—
1241 T1 LLC
Compass Bk
Grant Deed
related
—
Feb 9, 2009
$65,000
Compass Bank
Mancuso Mary
Trustees Deed
related
—
Feb 11, 2003
—
Juan F Argueta
Morazzano,louis & June
Grant Deed
related
—
—
—
Juan F Argueta
—
Deed Of Trust
related
$80,000 · Laredo National 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.
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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