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Property profile & analytics
OFF-MARKET
Estimated value
$1,905,000
Commercial real estate
1565 Main St Lewisville, TX 75067-3394
Entity Owned
1-yr Hold
Free & Clear
Property ID
US83-1959727
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1985
Total area
25,713 SF
Lot
12.15 ac (529,123 SF)
APN
R731567
UPID
US83-1959727
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
-
Tile Grout Cleaning Lewisville TX General Contractor Renovation Specialist
-
Smiles & Beyond Dental Dental Office
-
Farmers Insurance - Gabriela Dormire Insurance Agency
-
Star Bank Credit Union
-
Forensic Financial Consulting Services Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.91M
Owner & transaction history
Gardens Park Shopping Center LLC · 1 yrs held
Gardens Park Shopping Center LLC
since 2024
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 Lewisville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lewisville 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,495,000
Current use
Blend value · Realmo final
$1.91M
Range $1.71M – $2.10M · ±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
$74 / 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
$199,946
Tax year 2023
Assessed value
$12,350,000
Assessed 2024
Previous assessed
$12,350,000
+0.0% YoY
Effective rate
1.62%
On assessed value
Assessed land
$5,291,233
Assessed improvement
$7,058,767
Land market value
$5,291,233
Improvement market value
$7,058,767
Total market value
$12,350,000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1985
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
25,713 SF
Lot
12.15 ac (529,123 SF)
APN
R731567
UPID
US83-1959727
Jurisdiction
DENTON
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
COMMERCIAL (GENERAL) Current
Est. value
$1.5M
COMMERCIAL (GENERAL) Current
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
1985
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Lot
12.15 ac
Current owner
From public records · entity-resolved
Gardens Park Shopping Center LLC
Entity
Free & Clear · 1 yrs held
Mailing address
6500 PO BOX 10472ND AVE STE #117, MIAMI, FL 33101-0472
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 13, 2024
—
Gardens Park Shopping Center LLC
Centrum Prime Equity LP
Venders Lien
—
Jun 27, 2018
—
Centrum Prime Equity LP
Cig Retail Properties INC
Venders Lien
$6,955,000 · Independence Bank
Mar 23, 2017
—
Board Of Tes & Lewisville Independe
Cig Retail Properties INC
Grant Deed
related
—
Jan 2, 2014
—
Cig Retail Properties INC
Gp Shopping LLC
Grant Deed
$7,015,000 · Independent Bk
—
—
Centrum Prime Equity LP
—
Deed Of Trust
related
$500,000 · Independent Bk
—
—
Cig Retail Properties INC
—
Deed Of Trust
related
$1,040,000 · Independent Bk
—
—
Cig Retail Properties INC
—
Deed Of Trust
related
$205,000 · Independent 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.
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