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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Strip malls
1312 Precinct Line Rd Hurst, TX 76053
Individually Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-2513616
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2002
Total area
8,262 SF
Lot
1.12 ac (48,613 SF)
APN
31120-1A-5B
UPID
US82-2513616
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
$590k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$436k
Blend (final)
Blend
$515k
Owner & transaction history
Megan Gregg Kobler · 2 yrs held
Megan Gregg Kobler
since 2024
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$845,000
+160.0%
Commercial (general)
$840,000
+159.4%
Medical building
$625,000
+93.0%
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 Hurst submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hurst 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
$590,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$325,000
Current use
AUTO REPAIR, GARAGE
$845,000
Change: +160% · Conversion: Difficult
COMMERCIAL (GENERAL)
$840,000
Change: +159% · Conversion: Easy
MEDICAL BUILDING
$625,000
Change: +93% · Conversion: Difficult
OFFICE BUILDING
$485,000
Change: +50% · Conversion: Moderate
RETAIL STORES
$455,000
Change: +41% · Conversion: Easy
WAREHOUSE, STORAGE
$325,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$515k
Range $464k – $567k · ±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
$62 / 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
$41,381
Tax year 2023
Assessed value
$2,300,000
Assessed 2024
Previous assessed
$2,065,500
+11.4% YoY
Effective rate
1.80%
On assessed value
Assessed land
$583,512
Assessed improvement
$1,716,488
Land market value
$583,512
Improvement market value
$1,716,488
Total market value
$2,300,000
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
2002
Heating
NONE
Stories
1
Total area
8,262 SF
Lot
1.12 ac (48,613 SF)
APN
31120-1A-5B
UPID
US82-2513616
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
$325,000
AUTO REPAIR, GARAGE
Est. value
$845,000
COMMERCIAL (GENERAL)
Est. value
$840,000
MEDICAL BUILDING
Est. value
$625,000
OFFICE BUILDING
Est. value
$485,000
RETAIL STORES
Est. value
$455,000
WAREHOUSE, STORAGE
Est. value
$325,000
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
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
2002
Heating
NONE
Stories
1
Lot
1.12 ac
Current owner
From public records · entity-resolved
Megan Gregg Kobler
Individual
Mailing address
3838 OAK LAWN AVE STE #1416, DALLAS, TX 75219-4515
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 13, 2024
—
Megan Gregg Kobler
Gregg Guion III
Special Warranty Deed
$1,200,000 · Cadence Bank NA
Sep 12, 2019
—
Gregg Childrens Property Trust
—
Deed
related
$1,000,000 · Benchmark Bk
Nov 2, 2017
—
Gregg Childrens Property Trust
—
Deed
related
$926,249 · Benchmark Bk
Sep 2, 2016
—
Gregg Childrens Property Trust
—
Deed
related
$733,567 · Benchmark Bk
Jul 1, 2016
—
R Gregory
—
Deed
related
$1,200,000 · Jp Morgan Chase Bk
Jan 2, 2013
—
Gregg Childrens Property Trust
Gregg,guion III
Quit Claim Deed
related
—
Aug 9, 2010
—
Gregg Guion III
—
Trustees Deed
related
—
Aug 4, 2009
—
Gregg Guion III
—
Trustees Deed
related
—
Aug 14, 2008
—
Gregg Guion III
—
Trustees Deed
related
—
Oct 18, 2002
—
Guion Gregg
—
Trustees Deed
related
$90,000 · Lone Star Bank NA
—
—
R Gregory Mcmillan
—
Deed Of Trust
related
$251,000 · First Bank Texas
—
—
Gregg Childrens Property Trust
—
Loan Modification
related
$617,800 · Benchmark Bk
—
—
Gregg Childrens Property Trust
—
Loan Modification
related
$1,000,000 · Benchmark Bk
—
—
R Gregory
—
Deed Of Trust
related
$1,200,000 · Jp Morgan Chase Bk
—
—
Gregg Childrens Property Trust
—
Loan Modification
related
$400,000 · Benchmark Bk
—
—
Gregg Childrens Property Trust
—
Loan Modification
related
$733,567 · Benchmark Bk
—
—
Gregg Childrens Property Trust
—
Loan Modification
related
$926,249 · Benchmark Bk
—
—
Gregg Guion III
—
Deed Of Trust
related
—
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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