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Property profile & analytics
FOR LEASE
Office buildings
175 Westwood Dr Southlake, TX 76092
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US83-3612698
For Lease
1 / 24
Contact for pricing
175 Westwood Dr, Southlake, TX 76092
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1994
Total area
3,924 SF
Lot
1 ac (43,530 SF)
APN
47585-1-25R2A
UPID
US83-3612698
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
175 Westwocd LLC · 4 yrs held
175 Westwocd LLC
since 2021
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 Southlake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Southlake 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$16,732
Tax year 2023
Assessed value
$917,986
Assessed 2024
Previous assessed
$917,986
+0.0% YoY
Effective rate
1.82%
On assessed value
Assessed land
$609,434
Assessed improvement
$308,552
Land market value
$609,434
Improvement market value
$308,552
Total market value
$917,986
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1994
Heating
NONE
Stories
1
Total area
3,924 SF
Lot
1 ac (43,530 SF)
APN
47585-1-25R2A
UPID
US83-3612698
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
Building & site characteristics
From public records
Year built
1994
Heating
NONE
Stories
1
Lot
1 ac
Current owner
From public records · entity-resolved
175 Westwocd LLC
Entity
Mailing address
1239 FALCON DR, GRAPEVINE, TX 76051-1117
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 31, 2021
—
175 Westwocd LLC
Landrum Holdings LLC
Deed
$941,584 · Independent Bank
Aug 12, 2008
—
Landrum Holdings LLC
Transportation Technology Svcs
Warranty Deed
related
—
Aug 1, 2008
—
Landrum Holdings LLC
Transporation Technology Svc I
Warranty Deed
—
Jul 2, 2008
—
Transportation Technology Svcs
Abercrombie Holdings LLC
Grant Deed
$630,000 · First National Bank Town Squar
Apr 4, 2007
—
Abercrombie Holdings LLC
Sheppard,douglas P
Grant Deed
related
$397,963 · First National Bank Town Squar
May 28, 2004
—
Douglas P Sheppard
Willan,craig
Grant Deed
$300,000 · Wells Fargo Bank
Mar 8, 2004
—
Craig Willan
Willan,b
Quit Claim Deed
related
—
Sep 10, 1998
—
W C Willan
Kinetic Research & Engineering
Grant Deed
related
—
Feb 5, 1997
—
Kinetic
Willan,b
Grant Deed
related
—
—
—
Landrum Holdings LLC
—
Deed Of Trust
related
$55,000 · First National Bank Town Squar
—
—
Landrum Holdings LLC
—
Deed Of Trust
related
$645,000 · First National Bank Town Squar
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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