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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Automotive properties
2350 William D Tate Ave Grapevine, TX 76051-3919
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US82-1180719
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
2001
Total area
19,819 SF
Lot
1.47 ac (63,859 SF)
APN
16122-1-2
UPID
US82-1180719
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
-
Honda Parts Auto Parts Store Motorcycle Shop
-
DFW Honda Motorcycle Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$560k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$642k
Blend (final)
Blend
$600k
Owner & transaction history
Soci Investments Ltd · 1 yrs held
Soci Investments Ltd
since 2024
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 Grapevine submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grapevine 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
$560,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$900,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$820,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$600k
Range $540k – $660k · ±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
$30 / 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
$30,567
Tax year 2023
Assessed value
$2,001,719
Assessed 2024
Previous assessed
$1,823,348
+9.8% YoY
Effective rate
1.53%
On assessed value
Assessed land
$359,011
Assessed improvement
$1,642,708
Land market value
$359,011
Improvement market value
$1,642,708
Total market value
$2,001,719
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
2001
Heating
NONE
Stories
2
Total area
19,819 SF
Lot
1.47 ac (63,859 SF)
APN
16122-1-2
UPID
US82-1180719
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
AUTO REPAIR, GARAGE Current
Est. value
$900,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$820,000
AUTO REPAIR, GARAGE Current
NEIGHBORHOOD: SHOPPING CENTER
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
2001
Heating
NONE
Stories
2
Lot
1.47 ac
Current owner
From public records · entity-resolved
Soci Investments Ltd
Entity
Mailing address
2350 WILLIAM D TATE AVE, GRAPEVINE, TX 76051-3919
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
23 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 5, 2024
—
Soci Investments Ltd
—
Deed
related
$4,000,000 · Frost Bank
Jun 6, 2022
—
Soci Investments Ltd
—
Deed
related
$3,700,000 · Frost Bank
Apr 18, 2022
—
Soci Investments Ltd
—
Deed
related
$2,100,000 · Frost Bank
Mar 30, 2021
—
Soci Investments Ltd
—
Deed
related
$1,400,000 · Frost Bank
Jan 8, 2021
—
Soci Investments Ltd
—
Deed
related
$422,900 · Frost Bk
Oct 18, 2017
—
Soci Investments Ltd
—
Deed
related
$847,367 · Frost Bk
Oct 7, 2016
—
Soci Invetments Ltd
—
Deed
related
$305,000 · Frost Bank
Nov 1, 2010
—
Soci Investments Ltd
—
Deed Of Trust
related
$1,000,000 · Bank Of The West
Nov 11, 2009
—
Soci Investments Ltd
—
Deed Of Trust
related
$1,000,000 · Bank Of The West
Sep 10, 2009
—
Soci Investments Ltd
—
Trustees Deed
related
$621,615 · Bank Of The West
Jul 24, 2009
—
Soci Investments Ltd
—
Trustees Deed
related
$748,308 · Bank Of The West
May 30, 2008
—
Soci Investments Ltd
—
Trustees Deed
related
$750,000 · Bank Of The West
Jun 20, 2006
—
Soci Investments Ltd
—
Trustees Deed
related
$250,000 · Bank Of The West
Apr 28, 2005
—
Soci Investments Ltd
—
Trustees Deed
related
$150,000 · Bank Of The West
—
—
Soci Investments Ltd
—
Loan Modification
related
$847,367 · Frost Bk
—
—
Motocicletta INC
—
Deed Of Trust
related
$175,000 · Bank Of The West
—
—
Soci Investments Ltd
—
Deed Of Trust
related
$992,898 · Bank Of The West
—
—
Soci Investments Ltd
—
Deed Of Trust
related
$90,000 · Bank Of The West
—
—
Soci Investments Ltd
—
Loan Modification
related
$422,900 · Frost Bk
—
—
Soci Investments Ltd
—
Deed Of Trust
related
$550,000 · Bank Of The West
—
—
Soci Investments Ltd
—
Deed Of Trust
related
$175,000 · Bank Of The West
—
—
Soci Investments Ltd
—
Deed Of Trust
related
$998,895 · Bank Of The West
—
—
Soci Investments Ltd
—
Loan Modification
related
$999,940 · Bank Of The West
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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