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    1701 Southlake Blvd Southlake, TX 76092-6803
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    Property profile & analytics

    1701 Southlake Blvd, Southlake, TX 76092-6803

    View on Map
    • Drug stores
    • 15,268 SF
    • 2.60 lot acres
    Off-Market
    Last Sale May 16, 2022
    Property ID
    US82-1162646
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $905,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Drug stores

    Property Details for 1701 Southlake Blvd

    Year built
    2000
    Lot size
    2.60 lot acres
    Property type
    Drug stores
    APN
    10803--5
    APU
    108035

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 16, 2022 — Levi Family Partnership LP Cardinal Green Investments LLC Special Warranty Deed $3.8M · American Business Bank
    May 3, 2022 — Cardinal Green Investments LLC Riach Investments LLC Special Warranty Deed $4.3M · The Northern Trust Co
    Dec 6, 2017 — Riach Investments LLC Riach Investments LLC Quit Claim Deed · related —
    Jun 6, 2017 — Steve Riach — Deed · related $750k · Affiliated Bk
    Apr 18, 2013 — Calvert LLC — Trustees Deed · related $100k · Affiliated Bk
    Feb 20, 2013 — Calvert LLC Bradner Central Co Warranty Deed $2.9M · Affiliated Bank
    — — Steve Riach — Loan Modification · related $800k · Affiliated Bk
    — — Steve Riach — Loan Modification · related $800k · Affiliated Bank
    — — Steve Riach — Loan Modification · related $750k · Affiliated Bk

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $575,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,238,000
      Market price range: $574k - $1.77M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,140,000
      Current use
      RESTAURANT
      $1,480,000
      Change: +30% Conversion: Easy
      MEDICAL BUILDING
      $1,080,000
      Change: -5% Conversion: Difficult
      OFFICE BUILDING
      $935,000
      Change: -18% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Southlake
    County
    Tarrant
    State
    Texas
    Longitude
    -97.1777
    Latitude
    32.9407
    CBSA code
    19100
    CBSA name
    DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $51,738
    $2,038,609
    $572,219
    $2,610,828
    -
    $2,038,609
    $572,219
    $2,610,828

    Comparable in this City

    • Value Estimation
      $2,405,000
      57,234 SF

      201 Nolen Dr

      RETAIL STORES (PERSONAL SERVICES)
      201 Nolen Dr, Southlake, TX 76092-8003
      View Details
    • Value Estimation
      $565,000
      7,371 SF

      100 Carroll Ave

      FINANCIAL BUILDING
      100 Carroll Ave, Southlake, TX 76092
      View Details
    • Value Estimation
      $880,000
      10,622 SF

      2525 Southlake Blvd

      RETAIL STORES (PERSONAL SERVICES)
      2525 Southlake Blvd, Southlake, TX 76092-6609
      View Details
    • Value Estimation
      $525,000
      4,978 SF

      2905 Southlake Blvd

      CONVENIENCE STORE (W/FUEL PUMP)
      2905 Southlake Blvd, Southlake, TX 76092-6617
      View Details
    • Value Estimation
      $530,000
      5,626 SF

      325 Southlake Blvd

      FINANCIAL BUILDING
      325 Southlake Blvd, Southlake, TX 76092-6231
      View Details
    • Value Estimation
      $1,210,000
      18,848 SF

      2171 Southlake Blvd

      RETAIL STORES (PERSONAL SERVICES)
      2171 Southlake Blvd, Southlake, TX 76092-6507
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      Retail space available near sports facilities and residential area.
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      10,022 SF

      Southlake Retail Center For Sale

      Retail center with high visibility and strong tenant retention.
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      7,951 SF

      Tenant-Occupied Property with Guaranteed Buyback

      Tenant occupied property with guaranteed buyback and income opportunity.
      615 Brewer Rd, Southlake, TX 76092
      View Details
    • $4,950,000
      7,951 SF

      Southlake TX Tenant-Occupied Property

      Tenant-occupied property in Southlake, TX with guaranteed buyback.
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    • Contact for pricing
      664 SF

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      Freestanding Caribou Coffee with corporate NNN lease and rental increases.
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    Similar Nearby for Lease

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      230,000 SF

      Shops of Southlake Retail Space

      Prime Southlake retail, multiple suites available.
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      View Details
    • Contact for pricing
      3,920 SF

      Luxury Retail Space in Southlake

      Upscale retail space in a premier mixed-use development.
      1420-1438 E Southlake Blvd, Southlake, TX 76092
      View Details
    • Contact for pricing
      1,715 SF

      Retail Space in Southlake

      Retail space available in Southlake near Highway 114.
      2251 E Southlake Blvd, Southlake, TX 76092
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    • Contact for pricing
      1,184 SF

      Southlake Boulevard Retail Opportunity

      Retail and restaurant spaces available in prime Southlake location.
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      5,002 SF

      Retail Space in Park Village

      Retail space available in high-traffic Park Village shopping center.
      1131-1141 E Southlake Blvd, Southlake, TX 76092
      View Details
    • Contact for pricing
      3,952 SF

      Retail Space in Southlake

      Retail space available in the heart of Southlake's trade area.
      621 E Southlake Blvd, Southlake, TX 76092
      View Details
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    Southlake, TX 76092-6803
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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