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Property profile & analytics
OFF-MARKET
Office Spaces
12450 Cleburne Hwy Cresson, TX 76035-3120
Individually Owned
8-yr Hold
Property ID
US83-3584822
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2004
Total area
1,595 SF
Lot
5 ac (217,800 SF)
APN
11795-001-007-00
UPID
US83-3584822
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
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
William F Gilpin · 8 yrs held
William F Gilpin
since 2017
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 Cresson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cresson 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
$8,621
Tax year 2023
Assessed value
$534,820
Assessed 2023
Previous assessed
$534,820
+0.0% YoY
Effective rate
1.61%
On assessed value
Assessed land
$200,000
Assessed improvement
$334,820
Land market value
$200,000
Improvement market value
$334,820
Total market value
$534,820
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
2004
Heating
NONE
Stories
1
Total area
1,595 SF
Lot
5 ac (217,800 SF)
APN
11795-001-007-00
UPID
US83-3584822
Jurisdiction
PARKER
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
2004
Heating
NONE
Stories
1
Lot
5 ac
Current owner
From public records · entity-resolved
William F Gilpin
Individual
Mailing address
4614 OPELOUSAS CT, GRAND PRAIRIE, TX 75052-1738
Ownership since
2017
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
Aug 16, 2017
—
William F Gilpin
Shirley Hammer
Venders Lien
$173,200 · Prosperity Bank
Dec 19, 2016
—
Shirley Hammer
—
Deed
related
$1,568,712 · Pauls Vly Nat'l Bk
Aug 30, 2006
—
Shirley Hammer
Countrywide Home Loans INC
Grant Deed
—
Mar 24, 2006
$172,362
Countrywide Home Loans INC
Webb,david
Trustees Deed
related
—
Jun 7, 2004
—
William M Dunn
—
Trustees Deed
related
$193,330 · Countrywide Home Loans INC
Jan 12, 2004
—
William M Dunn
Thornton,cyril W
Warranty Deed
$27,200 · Mercantile Bank Texas
—
—
Hammer,shirley
—
Deed Of Trust
related
$1,568,712 · Pauls Vly Nat'l Bk
—
—
Shirley Hammer
—
Loan Modification
related
$1,568,712 · Pauls Vly Nat'l Bk
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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