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Property profile & analytics
OFF-MARKET
Estimated value
$580,000
Strip malls
200 Grapevine Hwy Hurst, TX 76054
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-2790657
Property summary
AI-generated overview
This exceptional 0.85-acre commercial pad site presents a unique opportunity for developers and businesses seeking a prime location in the thriving Colleyville/Hurst area of Tarrant County, Texas. Located at 200 Grapevine Hwy, Hurst, TX 76054, this property is zoned for commercial use, offering flexibility for a variety of development projects. The site allows for a build-to-suit option, accommodating projects ranging from 0 to 37,026 square feet. With its convenient location and ample space, this land parcel is ideal for businesses seeking high visibility and accessibility. The property is situated in a dynamic area experiencing significant growth, making it an attractive investment for long-term growth and profitability. The single building allowance provides a streamlined development process. This is a rare opportunity to acquire a strategically located commercial lot in a highly desirable Texas market. The property's address is 200 Grapevine Hwy, Hurst, TX 76054, and it is situated in Tarrant County. The latitude and longitude coordinates are 32.8694864 and -97.1704188 respectively. This is a multiple tenancy property.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2019
Total area
10,560 SF
Lot
1.9 ac (82,633 SF)
APN
17482-A-5A
UPID
US82-2790657
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
-
Pavilion Heating Furnace Repair and Air Hardware & Home Improvement Home Appliance Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$590k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$568k
Blend (final)
Blend
$580k
Owner & transaction history
Erep Sprouts Crossing I LLC · 9 yrs held
Erep Sprouts Crossing I LLC
since 2016
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$800,000
+92.7%
Retail stores
$555,000
+32.9%
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 Hurst submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hurst 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
$590,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$415,000
Current use
MEDICAL BUILDING
$800,000
Change: +93% · Conversion: Difficult
RETAIL STORES
$555,000
Change: +33% · Conversion: Easy
WAREHOUSE, STORAGE
$405,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$580k
Range $522k – $638k · ±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
$55 / 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
$38,881
Tax year 2023
Assessed value
$2,363,408
Assessed 2024
Previous assessed
$1,937,232
+22.0% YoY
Effective rate
1.65%
On assessed value
Assessed land
$826,560
Assessed improvement
$1,536,848
Land market value
$826,560
Improvement market value
$1,536,848
Total market value
$2,363,408
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2019
Heating
NONE
Stories
1
Total area
10,560 SF
Lot
1.9 ac (82,633 SF)
APN
17482-A-5A
UPID
US82-2790657
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$415,000
MEDICAL BUILDING
Est. value
$800,000
RETAIL STORES
Est. value
$555,000
WAREHOUSE, STORAGE
Est. value
$405,000
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
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
2019
Heating
NONE
Stories
1
Lot
1.9 ac
Current owner
From public records · entity-resolved
Erep Sprouts Crossing I LLC
Entity
Mailing address
515 CONGRESS AVE STE #1925, AUSTIN, TX 78701-0024
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
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
Dec 15, 2016
—
Erep Sprouts Crossing I LLC
—
Deed
related
$3,086,000 · Dallas Cap Bk NA
Sep 20, 2016
—
Erep Sprouts Crossing I LLC
Rsr Wellington Holdings LLC
Grant Deed
—
Sep 14, 2010
—
Rsr Wellington Holdings LLC
Texas Wellington Invs Ltd
Warranty Deed
$531,000 · Texas (wellington) Invs Ltd
Aug 14, 2007
—
Carie Boyds Prescription Shop
—
Trustees Deed
related
$807,500 · Legacytexas Bank
—
—
Erep Sprouts Crossing I LLC
—
Deed Of Trust
related
$3,086,000 · Dallas Cap Bk NA
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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