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Property profile & analytics
FOR LEASE
Strip malls
280 Commerce St Southlake, TX 76092
Individually Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US83-4204493
For Lease
1 / 46
$1,435,000
280 Commerce St, Southlake, TX 76092
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1986
Total area
98,022 SF
Lot
4.15 ac (180,818 SF)
APN
7852-B-2R
UPID
US83-4204493
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.44M
Owner & transaction history
Kevin Abercrombie · 4 yrs held
Kevin Abercrombie
since 2022
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$15 / 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
$101,233
Tax year 2023
Assessed value
$6,270,000
Assessed 2024
Previous assessed
$5,801,773
+8.1% YoY
Effective rate
1.61%
On assessed value
Assessed land
$904,130
Assessed improvement
$5,365,870
Land market value
$904,130
Improvement market value
$5,365,870
Total market value
$6,270,000
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
For Lease
Year built
1986
Heating
NONE
Cooling
YES
Stories
2
Total area
98,022 SF
Lot
4.15 ac (180,818 SF)
APN
7852-B-2R
UPID
US83-4204493
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
1986
Heating
NONE
Cooling
Yes
Stories
2
Lot
4.15 ac
Current owner
From public records · entity-resolved
Kevin Abercrombie
Individual
Mailing address
8501 CROSS TIMBERS RD, FLOWER MOUND, TX 75022-6432
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 10, 2022
—
Kevin Abercrombie
280 Sports LLC
Warranty Deed
—
Dec 30, 2019
—
280 Sports LLC
—
Deed
related
$9,000,000 · Ubs Ag
Nov 20, 2008
—
280 Sports LLC
—
Trustees Deed
related
$1,750,000 · First National Bank Town Squar
Oct 4, 2007
—
280 Sports LLC
James R Stacy
Venders Lien
$3,680,000 · Dba First National Bank Town Square
Oct 16, 1998
—
James R Stacy
—
Grant Deed
related
$2,400,000 · Bank One Texas NA
—
—
280 Sports LLC
—
Loan Modification
related
$2,189,785 · First Nat'l Bk Town Sq
—
—
280 Sports LLC
—
Loan Modification
related
$3,295,000 · First Nat'l Bk Town Sq
—
—
280 Sports LLC
—
Deed Of Trust
related
$3,625,000 · First National Bank Town Squar
—
—
280 Sports LLC
—
Deed Of Trust
related
$9,000,000 · Ubs Ag
—
—
280 Sports LLC
—
Deed Of Trust
related
$91,816 · First National Bank Town Squar
—
—
280 Sports LLC
—
Deed Of Trust
related
$1,750,000 · First National Bank Town Squar
—
—
280 Sports LLC
—
Deed Of Trust
related
—
—
—
James R Stacy
—
Deed Of Trust
related
$450,000 · Bank One Texas NA
—
—
280 Sports LLC
—
Deed Of Trust
related
$240,000 · First National Bank Town Squar
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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