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    2051 Airport Fwy Euless, TX 76040-3917
    Property profile & analytics

    2051 Airport Fwy, Euless, TX 76040-3917

    View on Map
    • Banks
    • 5,398 SF
    • 1.14 lot acres
    Off-Market
    Last Sale May 12, 2020
    Property ID
    US82-3798277
    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
    $610,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Frost Bank / Bank / Loan Service

    Property Details for 2051 Airport Fwy

    Year built
    2021
    Lot size
    1.14 lot acres
    Property type
    Banks
    APN
    46273-1-1
    APU
    4627311

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 12, 2020 — Frost Bk 2051 W Airport Freeway-euless Grant Deed —
    Sep 13, 2000 — 2051 W Airport Fwy Euless Ltd Heller First Capital Grant Deed $530k · Gateway National Bank
    — — 2051 W Arpt Freeway-euless Ltd — Deed Of Trust · related $207k · Prosperity Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $605,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $612,000
      Market price range: $425k - $613k

    • Alternative Use

      Use
      Estimation
      FINANCIAL BUILDING
      $510,000
      Current use
      COMMERCIAL (GENERAL)
      $885,000
      Change: +73% Conversion: Difficult
      RESTAURANT
      $595,000
      Change: +17% Conversion: Difficult
      OFFICE BUILDING
      $505,000
      Change: -1% Conversion: Difficult
      RETAIL STORES
      $480,000
      Change: -6% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $465,000
      Change: -9% Conversion: Difficult
      MEDICAL BUILDING
      $445,000
      Change: -13% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Euless
    County
    Tarrant
    State
    Texas
    Longitude
    -97.1169
    Latitude
    32.8367
    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
    $49,344
    $494,500
    $2,130,500
    $2,625,000
    -
    $494,500
    $2,130,500
    $2,625,000

    Comparable in this City

    • Value Estimation by Request
      6,070 SF

      2311 Euless Blvd

      FINANCIAL BUILDING
      2311 Euless Blvd, Euless, TX 76040-6607
      View Details
    • Value Estimation by Request
      7,360 SF

      800 Industrial Blvd

      RETAIL STORES (PERSONAL SERVICES)
      800 Industrial Blvd, Euless, TX 76040-5802
      View Details
    • Value Estimation by Request
      3,123 SF

      1200 Euless Blvd

      RETAIL STORES (PERSONAL SERVICES)
      1200 Euless Blvd, Euless, TX 76040-4915
      View Details
    • Value Estimation
      $510,000
      7,250 SF

      213 Euless Blvd

      RETAIL STORES (PERSONAL SERVICES)
      213 Euless Blvd, Euless, TX 76040-4590
      View Details
    • Value Estimation by Request
      5,460 SF

      2750 Euless Blvd

      RETAIL STORES (PERSONAL SERVICES)
      2750 Euless Blvd, Euless, TX 76040-6616
      View Details
    • Value Estimation
      $590,000
      5,148 SF

      105 Westpark Way

      CONVENIENCE STORE (W/FUEL PUMP)
      105 Westpark Way, Euless, TX 76040-3945
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      675 SF

      Retail Space For Sale

      Retail space available, 675 SF, good corner location.
      2700 W Euless Blvd, Euless, TX 76040
      View Details
    • Contact for pricing

      Freestanding Restaurant Opportunity in Euless

      Freestanding former restaurant with high visibility and ample parking.
      3008 W Euless Blvd, Euless, TX 76040
      View Details
    • Contact for pricing
      2,788 SF

      Restaurant Space with Drive Thru

      Second-generation restaurant space with drive-thru, grease trap, and vent-a-hood.
      205 W Airport Fwy, Euless, TX 76040
      View Details
    • $1,700,000
      1.53 Acres

      Corner Retail and Automotive Development Land

      Three adjoining corner lots provide development flexibility for a retail center or automotive-related uses.
      3410 House Anderson Rd, Fort Worth, TX 76040
      View Details
    • Contact for pricing

      Euless Commercial Building For Sale

      Commercial building ideal for various businesses in a central location.
      1203 Raider Dr, Euless, TX 76040
      View Details
    • $975,000
      0.41 Acres

      Freestanding Former Restaurant Opportunity

      Highly visible corner location with an open, light-filled layout and surrounding parking for flexible restaurant or retail concepts.
      3008 Euless Blvd, Euless, TX 76040
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space Available For Rent

      Retail space available for rent, single tenant, 827 SqFt.
      211 E Euless Blvd, Euless, TX 76040
      View Details
    • Contact for pricing

      Retail Center Suites Available

      Retail suites available in an anchored shopping center.
      1201 W Airport Fwy, Euless, TX 76040
      View Details
    • Contact for pricing
      3,000 SF

      Flex/Office Space Near Airport

      Flex/office space featuring warehouse and office areas, near DFW Airport.
      908 Cresthaven Dr, Euless, TX 76040
      View Details
    • Contact for pricing
      4,500 SF

      Euless Industrial Space Available

      Industrial spaces available for lease in Euless, Texas.
      1105 S Airport Cir, Euless, TX 76040
      View Details
    • Contact for pricing

      Euless Office Space For Lease

      Well-maintained office space with flexible layouts and ample parking.
      1331 Airport Fwy 1331-1441, Euless, TX 76040
      View Details
    • Contact for pricing
      1,113 SF

      Euless Office Space Available

      4,482 SF office space for lease in Euless, TX.
      150 Westpark Way, Euless, TX 76040
      View Details
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    Euless, TX 76040-3917
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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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