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Property profile & analytics
OFF-MARKET
Estimated value
$655,000
Strip malls
1405 Grauwyler Rd, Irving, TX 75061-5123
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US83-3122644
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1981
Construction
TILT-UP CONCRETE
Total area
16,250 SF
Lot
1.27 ac (55,321 SF)
Zoning code
Z198
APN
32127650510010000
UPID
US83-3122644
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
-
Miracle Vape and Smoke Hardware & Home Improvement Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$595k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$714k
Blend (final)
Blend
$655k
Owner & transaction history
Goldmark Enterprises LLC · 5 yrs held
Goldmark Enterprises LLC
since 2020
7 recorded transactions
Zoning & alternative use
Z198 · Irving, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$955,000
+8.5%
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 Irving submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Irving 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
$595,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$880,000
Current use
APARTMENT HOUSE (5+ UNITS)
$955,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$655k
Range $590k – $721k · ±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
$40 / 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
$36,762
Tax year 2023
Assessed value
$1,700,000
Assessed 2023
Previous assessed
$1,700,000
+0.0% YoY
Effective rate
2.16%
On assessed value
Assessed land
$276,610
Assessed improvement
$1,423,390
Land market value
$276,610
Improvement market value
$1,423,390
Total market value
$1,700,000
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
Off-Market
Year built
1981
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
16,250 SF
Lot
1.27 ac (55,321 SF)
Zoning code
Z198
APN
32127650510010000
UPID
US83-3122644
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z198 · Irving, TX
Zoning Z198 · permitted uses
Z198 · Irving, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Irving. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$880,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$955,000
NEIGHBORHOOD: SHOPPING CENTER Current
APARTMENT HOUSE (5+ UNITS)
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
1981
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
1.27 ac
Current owner
From public records · entity-resolved
Goldmark Enterprises LLC
Entity
Mailing address
515 W MAIN ST STE #104, ALLEN, TX 75013-8016
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 25, 2020
—
Goldmark Enterprises LLC
Grauwyler Devcorey LLC
Special Warranty Deed
—
Jul 23, 2019
—
Kameren Nelson
Nelson,kameren
Quit Claim Deed
related
$131,250 · State Farm Bk
Sep 8, 2014
—
Grauwyler Devcor-ey LLC
Devcor-ey Grauwyler Jv
Quit Claim Deed
related
$950,000 · * Other Institutional Lenders
Feb 25, 2013
—
Devcor-ey Grauwyler Jv
First Natl Bk
Grant Deed
related
—
Dec 18, 2012
$622,040
Natl Bk First
Cribbs F P JR
Trustees Deed
related
—
Dec 1, 2010
—
1405 Grauwyler LLC
First National Bank A Ass
Grant Deed
$2,000,000 · First National Bank
Apr 12, 2010
$2,183,352
Natl Bk First
Wood David
Trustees Deed
related
—
Apr 1, 2010
—
Natl Bk First
Grewal Property Management INC
Deed In Lieu Of Foreclosure
related
—
Oct 5, 2007
—
Grewal Property Management INC
Kim,young C
Warranty Deed
$1,997,500 · First National Bank
Jul 29, 2005
—
Young C Kim
Joey Kang Investment INC
Grant Deed
$1,190,000 · Millennium State Bank Tx
—
—
Goldmark Ents LLC
—
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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