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Property profile & analytics
FOR LEASE
Strip malls
1308 E Bear Creek Rd Glenn Heights, TX 75154
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US82-8463169
For Lease
$715,000
1308 E Bear Creek Rd, Glenn Heights, TX 75154
View Listing →
Property summary
AI-generated overview
Exceptional retail opportunity at Bear Creek Plaza, located in Glenn Heights, Texas, at the intersection of I-35 and E. Bear Creek Road. This 100% occupied, multi-tenant property offers a build-to-suit end-cap space of approximately 4,000 square feet, with the potential for expansion up to 43,560 square feet. The property is situated in a high-traffic area, adjacent to established businesses such as Jack in the Box, Sonic, and Shell. A neighboring pad site is also available for a ground lease. The site boasts excellent visibility and accessibility, benefiting from a dense residential population and significant upcoming development in the surrounding area. Utilities are delivered on-site, making it pad-ready. The property is zoned commercial and offers a ground lease opportunity with an asking annual rent of $65,000. This is an ideal location for businesses seeking high visibility and strong potential for growth in a thriving community. This NNN lease opportunity presents a unique chance to establish a presence in a rapidly developing area.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2012
Construction
FRAME
Total area
12,144 SF
Lot
3.64 ac (158,428 SF)
APN
279001800B01A0000
UPID
US82-8463169
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
$480k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$950k
Blend (final)
Blend
$715k
Owner & transaction history
1709 S Beckley Rd LLC
1709 S Beckley Rd LLC
since 2025
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.2M
+63.9%
Medical building
$1.1M
+51.1%
Office building
$955,000
+32.8%
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 Glenn Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Glenn Heights 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
$480,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$720,000
Current use
RETAIL STORES
$1,180,000
Change: +64% · Conversion: Easy
MEDICAL BUILDING
$1,085,000
Change: +51% · Conversion: Difficult
OFFICE BUILDING
$955,000
Change: +33% · Conversion: Moderate
Blend value · Realmo final
$715k
Range $644k – $787k · ±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
$59 / 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
$54,569
Tax year 2023
Assessed value
$2,500,000
Assessed 2023
Previous assessed
$2,500,000
+0.0% YoY
Effective rate
2.18%
On assessed value
Assessed land
$792,030
Assessed improvement
$1,707,970
Land market value
$792,030
Improvement market value
$1,707,970
Total market value
$2,500,000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
2012
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
12,144 SF
Lot
3.64 ac (158,428 SF)
APN
279001800B01A0000
UPID
US82-8463169
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, 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
$720,000
RETAIL STORES
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.1M
OFFICE BUILDING
Est. value
$955,000
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
MEDICAL BUILDING
OFFICE BUILDING
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
2012
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
3.64 ac
Current owner
From public records · entity-resolved
1709 S Beckley Rd LLC
Entity
Mailing address
2331 WNW HWY #201, DALLAS, TX 75220-4415
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 13, 2026
—
1709 S Beckley Rd LLC
—
Deed
related
$365,322 · First Financial Bank.
Feb 20, 2026
—
The Strip Skate Park INC
—
Deed
related
$2,657,750 · Regions Bank
Nov 10, 2025
—
1709 S Beckley Rd LLC
The Strip Skate Park INC
Deed
$1,635,400 · First Financial Bank
Oct 21, 2021
$25,000
State Of Texas
The Strip Skate Park INC
Deed
—
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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