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Property profile & analytics
OFF-MARKET
Estimated value
$605,000
Office buildings
16735 Gresham Cir Flint, TX 75762-3518
Individually Owned
Absentee Owner
Free & Clear
Property ID
US83-0638991
Property summary
AI-generated overview
This exceptional two-story, 8,000 square foot Class B office building in Flint, Texas, offers multiple tenancy options. Situated on 1.8 acres at 16735 Gresham Circle (cross street: Old Jacksonville Hwy), this property provides a convenient location with ample parking. Currently, two individual office spaces are available, ranging from 80 to 110 square feet, perfect for entrepreneurs or small businesses. Leases offer flexible terms and monthly rates ranging from $350 to $650. Each lease includes a comprehensive service package encompassing high-speed WiFi, all utilities, and regular janitorial services for the common areas, ensuring a clean and professional work environment. The building features modern amenities, creating a productive and successful workspace. This prime location in Flint, TX, zip code 75762, offers easy access to major roadways and local amenities. The building's single structure provides a cohesive and collaborative atmosphere. Don't miss this opportunity to secure your ideal office space.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2017
Total area
8,000 SF
Lot
1.38 ac (60,069 SF)
APN
1-14530-0000-00-005070
UPID
US83-0638991
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
-
Stride Financial Coaching Financial Advisor
-
Flawless Face & Wax by Felecia Spa & Massage Center Skin Care Clinic
-
Onyx and Emerald Lash Bar Hair Salon
-
Artistry Ink by Laura | Permanent Cosmetics Medical Clinic Skin Care Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$465k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$743k
Blend (final)
Blend
$605k
Owner & transaction history
RICK GRAFF
RICK GRAFF
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$865,000
+60.4%
Retail stores
$720,000
+33.5%
Auto repair, garage
$700,000
+30.2%
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 Flint submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Flint 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
$465,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$540,000
Current use
RESTAURANT
$865,000
Change: +60% · Conversion: Moderate
RETAIL STORES
$720,000
Change: +34% · Conversion: Moderate
AUTO REPAIR, GARAGE
$700,000
Change: +30% · Conversion: Difficult
WAREHOUSE, STORAGE
$605,000
Change: +12% · Conversion: Difficult
Blend value · Realmo final
$605k
Range $545k – $666k · ±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
$76 / 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
$19,984
Tax year 2023
Assessed value
$1,419,693
Assessed 2023
Previous assessed
$1,419,693
+0.0% YoY
Effective rate
1.41%
On assessed value
Assessed land
$135,156
Assessed improvement
$1,284,537
Land market value
$135,156
Improvement market value
$1,284,537
Total market value
$1,419,693
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2017
Heating
NONE
Buildings
3
Total area
8,000 SF
Lot
1.38 ac (60,069 SF)
APN
1-14530-0000-00-005070
UPID
US83-0638991
Jurisdiction
SMITH
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
OFFICE BUILDING Current
Est. value
$540,000
RESTAURANT
Est. value
$865,000
RETAIL STORES
Est. value
$720,000
AUTO REPAIR, GARAGE
Est. value
$700,000
WAREHOUSE, STORAGE
Est. value
$605,000
OFFICE BUILDING Current
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
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
2017
Heating
NONE
Buildings
3
Lot
1.38 ac
Current owner
From public records · entity-resolved
RICK GRAFF
Individual
Free & Clear · 0 yrs held
Mailing address
1357 COUNTY RD 3504, BULLARD, TX 75757-7706
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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