Entity Owned Property summary
AI-generated overview
This exceptional Grand Prairie property, located at 217 W Main Street (cross streets: 3rd Street), offers 3,395 square feet of prime commercial space currently available for lease. The building, completely renovated in 2024, is ideally suited for executive office use, though its flexible design also accommodates retail or restaurant tenants. Multiple tenancy options are available, with spaces ranging from a minimum of 1,255 square feet to a maximum contiguous space of 2,140 square feet. The entire 3,395 square feet is currently vacant, presenting a unique opportunity for a single tenant to occupy the entire building or for multiple tenants to lease individual suites. The property is conveniently located in Dallas County, Texas, with zip code 75050, and boasts adequate parking for tenants and their clients. The building's modern design and recent renovation ensure a high-quality, functional workspace. This is a rare opportunity to secure a well-maintained, versatile commercial space in a desirable Grand Prairie location. The property's classification includes Retail, Office, and Restaurant uses, offering flexibility for a variety of businesses. Interested parties should inquire about lease terms and availability.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1986
Construction
TILT-UP CONCRETE
Total area
5,634 SF
Lot
0.31 ac (13,324 SF)
Zoning code
Z20
APN
28219500070020000
UPID
US83-1572548
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Corporate Office
-
HVAC Service General Contractor
-
Medical Clinic
-
Medical Clinic
-
Animal Training
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.20M
Comparable Approach
Comparable
$1.07M
Blend (final)
Blend
$1.13M
Owner & transaction history
since 2021
5 recorded transactions
Zoning & alternative use
Z20 · Grand Prairie, TX
Top alternative use upside
Commercial (general)
$890,000
+27.8%
Restaurant
$765,000
+9.5%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
3 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.13M
Value range
$1.02M – $1.24M
±10% around blend
Estimated value / SF
$201 / SF
Confidence
Property data
100
Comparable evidence
60
$1.02M
blend $1.13M
$1.24M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
5,634 SF
Lot area
0.31 ac
Year built
1986
Stories
1
APN
28219500070020000
Zoning
Z20
Assessed value
$842,700
Annual tax
$19,385
3
Income approach: direct capitalization
Partial preview
Income approach indication
$1.20M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$1.30M
@ 6.5% CAP return
$1.20M
@ 7% CAP return
$1.11M
4
Sales comparison
Partial preview
Sales approach indication
$1.07M
Range $312k – $1.07M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.13M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Alternative use screening
Partial preview
Top alternative use
Commercial (general)
Gross theoretical uplift
+28%
vs current-use indication
Restaurant
Retail Stores · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$843k
Move the market yield to see immediate price impact.
Value / SF
$150
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$53k
$1.06M
$758k
$590k
$59k
$1.18M
$843k
$655k
$65k
$1.30M
$927k
$721k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$19,385
Tax year 2023
Assessed value
$842,700
Assessed 2023
Previous assessed
$842,700
+0.0% YoY
Effective rate
2.30%
On assessed value
Assessed land
$86,610
Assessed improvement
$756,090
Land market value
$86,610
Improvement market value
$756,090
Total market value
$842,700
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1986
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
5,634 SF
Lot
0.31 ac (13,324 SF)
Zoning code
Z20
APN
28219500070020000
UPID
US83-1572548
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z20 · Grand Prairie, TXZoning Z20 · permitted uses
Z20 · Grand Prairie, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1986
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.31 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
Z20
Jurisdiction
Grand Prairie, TX
Recorded code
Z20
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for Z20 in Grand Prairie, TX.
What opens after registration
Zoning profile
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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