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Property profile & analytics
OFF-MARKET
Estimated value
$615,000
Strip malls
2501 Centennial Dr, Arlington, TX 76011-6601
Individually Owned
21-yr Hold
~
Est. High Equity
Property ID
US83-4089672
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1984
Total area
34,000 SF
Lot
2.26 ac (98,446 SF)
APN
38675--52
UPID
US83-4089672
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
-
The Property Service Construction Company General Contractor
-
Affordable Attractive Realty Management Property Management Company
-
Texas Republic Auto Group Car Dealership
-
Arlington Yamaha (Bike/Boat/Book/etc) Store Motorcycle Shop
-
Niles Enterprises Inc Motorcycle Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$720k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$509k
Blend (final)
Blend
$615k
Owner & transaction history
Knk · 21 yrs held
Knk
since 2004
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 Arlington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Arlington 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
$720,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$615k
Range $554k – $677k · ±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
$18 / 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
$39,590
Tax year 2023
Assessed value
$1,853,451
Assessed 2024
Previous assessed
$1,794,209
+3.3% YoY
Effective rate
2.14%
On assessed value
Assessed land
$393,784
Assessed improvement
$1,459,667
Land market value
$393,784
Improvement market value
$1,459,667
Total market value
$1,853,451
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
1984
Heating
NONE
Stories
1
Total area
34,000 SF
Lot
2.26 ac (98,446 SF)
APN
38675--52
UPID
US83-4089672
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
Building & site characteristics
From public records
Year built
1984
Heating
NONE
Stories
1
Lot
2.26 ac
Current owner
From public records · entity-resolved
Knk
Individual
Mailing address
2501 CENTENNIAL DR STE #109, ARLINGTON, TX 76011-6600
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 28, 2020
—
Knk LP
—
Deed
related
$1,500,000 · Vantage Bk Tx NA
Apr 11, 2018
—
Knk LP
—
Deed
related
$1,260,000 · Simmons Bk
Sep 3, 2004
—
Knk
Centennial-mak Ltd
Grant Deed
$863,000 · Texas Bank
—
—
Knk LP
—
Deed Of Trust
related
$687,000 · Southwest Bank
—
—
Knk LP
—
Deed Of Trust
related
$1,500,000 · Vantage Bk Tx NA
—
—
Knk
—
Deed Of Trust
related
$830,000 · Southwest Bank
—
—
Knk LP
—
Loan Modification
related
$30,320 · Southwest Bk
—
—
Knk LP
—
Loan Modification
related
$1,260,000 · Simmons Bk
—
—
Knk LP
—
Deed Of Trust
related
$325,486 · Southwest Bank
—
—
Knk LP
—
Deed Of Trust
related
$427,382 · Southwest Bank
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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