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Property profile & analytics
OFF-MARKET
Estimated value
$1,905,000
Hotels
1721 Pleasant Pl Arlington, TX 76015-4529
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US82-4355009
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1995
Total area
56,537 SF
Lot
1.97 ac (85,900 SF)
APN
23575--3
UPID
US82-4355009
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
-
ConnectedHotel Corporate Office
-
Holiday Inn Express & Suites Arlington (I-20-Parks Mall), an IHG Hotel Hotel & Motel
-
AdCom Systems, Inc. Telecommunications Service General Contractor
-
Nanu Co Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.58M
Blend (final)
Blend
$1.91M
Owner & transaction history
Saibaba Arlington Hospitality LLC · 5 yrs held
Saibaba Arlington Hospitality LLC
since 2020
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$3.1M
+185.5%
Warehouse, storage
$1.7M
+51.3%
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 Arlington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Arlington 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
RETAIL STORES
$3,115,000
Change: +186% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,650,000
Change: +51% · Conversion: Difficult
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
$34 / 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
$124,120
Tax year 2023
Assessed value
$8,750,000
Assessed 2024
Previous assessed
$7,778,000
+12.5% YoY
Effective rate
1.42%
On assessed value
Assessed land
$601,153
Assessed improvement
$8,148,847
Land market value
$601,153
Improvement market value
$8,148,847
Total market value
$8,750,000
Applied tax rate
224.0000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1995
Heating
NONE
Stories
4
Total area
56,537 SF
Lot
1.97 ac (85,900 SF)
APN
23575--3
UPID
US82-4355009
Jurisdiction
TARRANT
Metro division
FORT WORTH-ARLINGTON, 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
RETAIL STORES
Est. value
$3.1M
WAREHOUSE, STORAGE
Est. value
$1.7M
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
1995
Heating
NONE
Stories
4
Lot
1.97 ac
Current owner
From public records · entity-resolved
Saibaba Arlington Hospitality LLC
Entity
Mailing address
1721 PLEASANT PL, ARLINGTON, TX 76015-4529
Mailing matches property
Yes
Owner-occupied
Yes
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 25, 2020
—
Saibaba Arlington Hospitality LLC
Trisfina Lodging LP
Special Warranty Deed
$7,250,000 · Commonwealth Business Bank
Oct 17, 2016
—
Trishna Lodging LP
—
Deed
related
$5,719,527 · Southwest Bk
—
—
Trishna Lodging LP
—
Deed Of Trust
related
$4,860,000 · Southwest Bank
—
—
Trishna Lodging
—
Deed Of Trust
related
$8,200,000 · * Other Institutional Lenders
—
—
Trishna Lodging LP
—
Deed Of Trust
related
$5,719,527 · Southwest 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.
Try Rey
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