New search
Property profile & analytics
FOR LEASE
Distribution centers
1825 Westpark Dr Grand Prairie, TX 75050
Entity Owned
11-yr Hold
Free & Clear
Property ID
US82-0338277
For Lease
1 / 2
$1,455,000
1825 Westpark Dr, Grand Prairie, TX 75050
View Listing →
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1995
Total area
89,123 SF
Lot
4.23 ac (184,433 SF)
APN
2035-1R-5R
UPID
US82-0338277
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
-
Invacare Supply Group Medical Supply Store
-
Dallas Fastener Building Supply Construction Company
-
American Freight Furniture, Mattress, Appliance Furniture & Home Goods Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.46M
Owner & transaction history
Colfin 2015-2 Indl Owner LLC · 11 yrs held
Colfin 2015-2 Indl Owner LLC
since 2015
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 Grand Prairie submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grand Prairie 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
$16 / 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
$101,589
Tax year 2023
Assessed value
$4,812,940
Assessed 2024
Previous assessed
$4,462,000
+7.9% YoY
Effective rate
2.11%
On assessed value
Assessed land
$645,592
Assessed improvement
$4,167,348
Land market value
$645,592
Improvement market value
$4,167,348
Total market value
$4,812,940
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
For Lease
Year built
1995
Heating
NONE
Cooling
YES
Stories
1
Total area
89,123 SF
Lot
4.23 ac (184,433 SF)
APN
2035-1R-5R
UPID
US82-0338277
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
1995
Heating
NONE
Cooling
Yes
Stories
1
Lot
4.23 ac
Current owner
From public records · entity-resolved
Colfin 2015-2 Indl Owner LLC
Entity
Free & Clear · 11 yrs held
Mailing address
13727 PO BOX 2980TH RD STE #750, CHICAGO, IL 60690-2980
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 16, 2026
—
Colfin 2015-2 Industrial Owner
—
Deed
related
—
Feb 4, 2022
—
Colfin 2015 2 Industrial Owner LLC
—
Deed
related
$143,500,000 · Citibank NA
Dec 17, 2019
—
Colfin 2015 2 Industrial Owner LLC
—
Deed
related
—
Apr 21, 2015
—
Colfin 2015-2 Indl Owner LLC
Dfw I Investors LP
Grant Deed
related
—
Aug 3, 2012
—
Dfw I Investors LLC
Realty Associates Fund Viii LP
Trustees Deed
$13,175,000 · Miscellaneous Ins Co
Jan 28, 2010
—
Realty Associates Fund Viii LP
—
Deed Of Trust
related
$585,000,000 · Wells Fargo Bank
Jun 29, 2007
—
Realty Associates Fund Viii
Acss Dallas Industrial INC
Grant Deed
—
—
—
Colfin 2015-2 Indl Owner LLC
—
Deed Of Trust
related
$25,800,000 · Miscellaneous Ins Co
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
