Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    121 Westpark Way Euless, TX 76040

    • Commercial real estate
    • 4,464 SF
    • 2.11 lot acres
    For Sale
    View listing
    $200,000
    Last Sale
    Jul 09, 2021
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-3275786
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Carnation Auto Spa / Car Wash / Car Detailing Service

    Property Details for 121 Westpark Way

    Year built
    2020
    Lot size
    2.11 lot acres
    Property size
    4,464 SF
    Property type
    Commercial real estate
    APN
    45920-2-4R2R
    APU
    4592024R2R

    Description

    This exceptional 0.5-acre (approximately 21,780 square feet) commercial land parcel is available for purchase at $200,000. Located in Euless, Texas, at 121 Westpark Wy, 76040, this property boasts a highly desirable C-2 zoning designation, opening doors to a wide array of commercial uses. The permitted use table under this zoning allows for auto-related businesses, office spaces, medical facilities, and various retail establishments. Its strategic location at the intersection of Westpark Way and West Airport Freeway (TX-183) provides unparalleled visibility and accessibility. This high-traffic area sees approximately 73,000 vehicles per day. The property benefits from its proximity to established businesses such as Whataburger, QuikTrip, and Carnation Auto Spa, creating a synergistic environment for potential development. All utilities are readily available on-site, simplifying the development process. This is a rare opportunity to acquire a prime commercial lot in a thriving Texas location with excellent visibility and convenient access to major transportation arteries. Don't miss this chance to secure a valuable asset in a high-growth area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $390,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Euless
    County
    Tarrant
    State
    Texas
    Longitude
    -97.1186
    Latitude
    32.836
    CBSA code
    19100
    CBSA name
    DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $50,348
    $1,474,224
    $1,092,576
    $2,566,800
    -
    $1,474,224
    $1,092,576
    $2,566,800

    Comparable in this City

    • Value Estimation by Request
      239,673 SF

      1201 Airport Fwy

      Retail properties • 239,673 SF
      1201 Airport Fwy, Euless, TX 76040
      View Details
    • Value Estimation
      $325,000
      1,431 SF

      1012 Villa Dr

      COMMERCIAL (GENERAL) • 1,431 SF
      1012 Villa Dr, Euless, TX 76040-4210
      View Details
    • Value Estimation
      $260,000
      0.74 Acres

      1500 Euless Blvd

      COMMERCIAL (GENERAL) • 0.74 Acres
      1500 Euless Blvd, Euless, TX 76040
      View Details
    • Value Estimation
      $330,000
      2.09 Acres

      2802 Pipeline Rd

      COMMERCIAL (GENERAL) • 2.09 Acres
      2802 Pipeline Rd, Euless, TX 76040-6635
      View Details
    • Value Estimation
      $285,000
      1,441 SF

      2180 Pipeline W Rd

      COMMERCIAL (GENERAL) • 1,441 SF
      2180 Pipeline W Rd, Euless, TX 76040-6716
      View Details
    • Value Estimation
      $360,000
      11.75 Acres

      11301 Pipeline Rd

      COMMERCIAL (GENERAL) • 11.75 Acres
      11301 Pipeline Rd, Euless, TX 76040-6629
      View Details

    Similar Nearby for Sale

    • $200,000
      0.50 Acres

      Euless Commercial Land - $200K

      Prime 0.5-acre C-2 zoned lot. High traffic location.
      121 Westpark Way, Euless, TX 76040
      View Details
    • Contact for pricing
      1.46 Acres

      Euless Waterfront Commercial Land

      1.459 Acres, Prime Location, TX-183 Access
      0 Villa Dr, Euless, TX 76040
      View Details
    • Contact for pricing
      0.49 Acres

      Euless Blvd Commercial Land Opportunity

      High-traffic location, 0.49 acres, TX-10 zoning.
      3375 Euless Blvd, Euless, TX 76040
      View Details
    • $1,300,000
      2.27 Acres

      Euless Commercial Land - $1.3M

      2.27 Acres, Prime Location, TX-10 Zoning
      2929 Euless Blvd, Euless, TX 76040
      View Details
    • Contact for pricing
      0.62 Acres

      Euless, TX Commercial Land - 0.62 Acres

      Prime 0.62-acre commercial lot, ready for development.
      1012 Villa Dr, Euless, TX 76040
      View Details
    • $1,800,000
      51,277 SF

      Euless Warehouse with Heavy Power

      Industrial property in Euless, Texas, featuring heavy power and air conditioning.
      1050-1100 Pamela Dr, Euless, TX 76040
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      17,478 SF

      Autumn Woods Medical Office Building

      Prime Medical Office Space Available
      2275 Westpark Ct, Euless, TX 76040
      View Details
    • $15 SF/Yr
      29,202 SF

      Fort Worth Warehouse Space Available

      Large Industrial Warehouse, Multiple Tenants
      12300 Pipeline Rd, Euless, TX 76040
      View Details
    • $6 SF/Yr
      10,534 SF

      Retail Space in Euless, TX

      Retail space available for lease in Euless, Texas.
      305 W Euless Blvd, Euless, TX 76040
      View Details
    • Contact for pricing
      12,000 SF

      Euless Warehouse with Loading Dock

      12,000 SF warehouse space featuring a loading dock.
      210 S Industrial Blvd, Euless, TX 76040
      View Details
    • $9 SF/Yr
      22 SF

      Euless Warehouse Space Available

      Industrial warehouse space available for lease in Euless, Texas.
      1205 Texas Star Pkwy, Euless, TX 76040
      View Details
    • Contact for pricing
      1,960 SF

      Euless Flex/Industrial Space Available

      1960 square feet of flex/industrial space for rent.
      1109 S Airport Cir, Euless, TX 76040
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    121 Westpark Way
    Euless, TX 76040
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.