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Property profile & analytics
OFF-MARKET
Estimated value
$560,000
Strip malls
1231 William D Tate Ave, Grapevine, TX 76051-4031
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-3308706
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2006
Total area
8,682 SF
Lot
1.56 ac (67,954 SF)
APN
41407Q-1-1
UPID
US82-3308706
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
-
Gunnala Parkisha DDS Dental Office
-
Smoothie King Specialty Food Shop (Bike/Boat/Book/etc) Store
-
Intoxalock Ignition Interlock Building Supply General Contractor
-
Lennys Grill & Subs Take-out & Catering
-
Tint World Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$605k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$509k
Blend (final)
Blend
$560k
Owner & transaction history
Tahhan Family Investments Ltd · 2 yrs held
Tahhan Family Investments Ltd
since 2023
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$750,000
+107.9%
Commercial (general)
$740,000
+105.6%
Restaurant
$700,000
+94.5%
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 Grapevine submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grapevine 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
$605,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$360,000
Current use
RETAIL STORES
$750,000
Change: +108% · Conversion: Easy
COMMERCIAL (GENERAL)
$740,000
Change: +106% · Conversion: Easy
RESTAURANT
$700,000
Change: +94% · Conversion: Difficult
MEDICAL BUILDING
$635,000
Change: +77% · Conversion: Difficult
OFFICE BUILDING
$625,000
Change: +73% · Conversion: Moderate
AUTO REPAIR, GARAGE
$395,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$560k
Range $504k – $616k · ±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
$65 / 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
$35,205
Tax year 2023
Assessed value
$2,801,154
Assessed 2024
Previous assessed
$2,100,000
+33.4% YoY
Effective rate
1.26%
On assessed value
Assessed land
$679,360
Assessed improvement
$2,121,794
Land market value
$679,360
Improvement market value
$2,121,794
Total market value
$2,801,154
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
2006
Heating
NONE
Stories
1
Total area
8,682 SF
Lot
1.56 ac (67,954 SF)
APN
41407Q-1-1
UPID
US82-3308706
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
$360,000
RETAIL STORES
Est. value
$750,000
COMMERCIAL (GENERAL)
Est. value
$740,000
RESTAURANT
Est. value
$700,000
MEDICAL BUILDING
Est. value
$635,000
OFFICE BUILDING
Est. value
$625,000
AUTO REPAIR, GARAGE
Est. value
$395,000
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
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
2006
Heating
NONE
Stories
1
Lot
1.56 ac
Current owner
From public records · entity-resolved
Tahhan Family Investments Ltd
Entity
Free & Clear · 2 yrs held
Mailing address
13115 N STEMMONS FWY, DALLAS, TX 75234-5717
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 22, 2023
—
Tahhan Family Investments Ltd
Victory Shops At Tate LLC
Special Warranty Deed
—
Jun 3, 2021
—
Viyana LLC
Tate Ball 1 LP
Special Warranty Deed
$2,475,000 · First Mid Bank & Trust NA
Sep 17, 2012
—
Tate Of Ball 1 LP
—
Trustees Deed
related
$1,365,000 · Plains Capital 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.
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