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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Strip malls
1625 1st St Garland, TX 75040-8402
Entity Owned
~
Est. High Equity
Property ID
US82-9742151
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2018
Construction
FRAME
Total area
9,186 SF
Lot
0.85 ac (37,113 SF)
Zoning code
Z89
APN
26113550070020000
UPID
US82-9742151
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
-
Wingstop Restaurant
-
Fito's Tacos de Trompo Restaurant
-
Clínicas Sin Fronteras Medical Clinic
-
Little Caesars Pizza Restaurant
-
Cresthaven Shopping Center Shopping Center & Mall
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$380k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$632k
Blend (final)
Blend
$505k
Owner & transaction history
Ag Garland LLC
Ag Garland LLC
since 2025
6 recorded transactions
Zoning & alternative use
Z89 · Garland, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$810,000
+72.4%
Retail stores
$805,000
+71.4%
Warehouse, storage
$625,000
+32.4%
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 Garland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Garland 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
$380,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$470,000
Current use
MEDICAL BUILDING
$810,000
Change: +72% · Conversion: Difficult
RETAIL STORES
$805,000
Change: +71% · Conversion: Easy
WAREHOUSE, STORAGE
$625,000
Change: +32% · Conversion: Difficult
Blend value · Realmo final
$505k
Range $455k – $556k · ±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
$55 / 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
$25,170
Tax year 2023
Assessed value
$1,100,000
Assessed 2023
Previous assessed
$1,100,000
+0.0% YoY
Effective rate
2.29%
On assessed value
Assessed land
$167,010
Assessed improvement
$932,990
Land market value
$167,010
Improvement market value
$932,990
Total market value
$1,100,000
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
2018
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
9,186 SF
Lot
0.85 ac (37,113 SF)
Zoning code
Z89
APN
26113550070020000
UPID
US82-9742151
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z89 · Garland, TXZoning Z89 · permitted uses
Z89 · Garland, TX
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
$470,000
MEDICAL BUILDING
Est. value
$810,000
RETAIL STORES
Est. value
$805,000
WAREHOUSE, STORAGE
Est. value
$625,000
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL 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
2018
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.85 ac
Current owner
From public records · entity-resolved
Ag Garland LLC
Entity
Mailing address
PO BOX 830751, RICHARDSON, TX 75083-0751
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 31, 2025
—
Ag Garland LLC
1625 South First Street LLC
Deed
$2,800,000 · Cadence Bank NA
Mar 20, 2020
—
1625 South First Street LLC
—
Deed
related
$750,000 · City Bk
Aug 30, 2019
—
1625 South First Street LLC
—
Deed
related
$750,000 · City Bank
Jan 18, 2019
—
Abdolhamid Pourmohammadagh
Poury,reza S
Quit Claim Deed
related
—
Jun 27, 2017
—
1625 South First Street LLC
Remarketing USA INC
Grant Deed
—
—
—
1625 South First Street LLC
—
Loan Modification
related
$750,000 · City 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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