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Property profile & analytics
FOR LEASE
Office buildings
2485 E Southlake Blvd Southlake, TX 76092
Entity Owned
4-yr Hold
Free & Clear
Property ID
US82-0175496
For Lease
1 / 3
$19.50 SF/Yr
2485 E Southlake Blvd, Southlake, TX 76092
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1999
Total area
14,496 SF
Lot
1.55 ac (67,692 SF)
APN
15253J-1-1R3
UPID
US82-0175496
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$525k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$696k
Blend (final)
Blend
$610k
Owner & transaction history
Parkway Commercial Realty LLC · 4 yrs held
Parkway Commercial Realty LLC
since 2021
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 Southlake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Southlake 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
$525,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$890,000
Current use
Blend value · Realmo final
$610k
Range $549k – $671k · ±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
$42 / 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
$44,011
Tax year 2023
Assessed value
$2,700,252
Assessed 2024
Previous assessed
$2,522,304
+7.1% YoY
Effective rate
1.63%
On assessed value
Assessed land
$473,844
Assessed improvement
$2,226,408
Land market value
$473,844
Improvement market value
$2,226,408
Total market value
$2,700,252
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1999
Heating
NONE
Stories
2
Total area
14,496 SF
Lot
1.55 ac (67,692 SF)
APN
15253J-1-1R3
UPID
US82-0175496
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
OFFICE BUILDING Current
Est. value
$890,000
OFFICE BUILDING Current
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
1999
Heating
NONE
Stories
2
Lot
1.55 ac
Current owner
From public records · entity-resolved
Parkway Commercial Realty LLC
Entity
Free & Clear · 4 yrs held
Mailing address
2485 E SOUTHLAKE BLVD, SOUTHLAKE, TX 76092-6686
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 2, 2021
—
Parkway Commercial Realty LLC
Laurence P Cesander
Warranty Deed
—
Jun 5, 2020
—
Larry P Cfsander
—
Deed
related
$1,640,000 · First Nat'l Bk Town Sq
Mar 29, 2019
—
Laurence P Casander
—
Deed
related
$85,000 · First Nat'l Bk Town Sq
Feb 14, 2017
—
Laurence P Cesander
—
Deed
related
$100,000 · First Nat'l Bk Town Sq
Jul 16, 2007
—
Laurence P Cesander
Sterling Properties Jv
Venders Lien
$1,900,000 · Wells Fargo Bank NA
—
—
Laurence P Casander
—
Loan Modification
related
$85,000 · First Nat'l Bk Town Sq
—
—
Laurence P Cesander
—
Loan Modification
related
$889,777 · First Nat'l Bk Town Sq
—
—
Larry P Cfsander
—
Loan Modification
related
$1,640,000 · First Nat'l Bk Town Sq
—
—
Laurence P Cesander
—
Deed Of Trust
related
$100,000 · First Nat'l Bk Town Sq
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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