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Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Grocery and convenience stores
2908 Pioneer Pkwy, Arlington, TX 76010-6904
Entity Owned
15-yr Hold
Free & Clear
Property ID
US82-1231105
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE (W/FUEL PUMP)
Year built
2011
Total area
5,245 SF
Lot
2.5 ac (108,769 SF)
APN
14500-1-2R
UPID
US82-1231105
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 Spot Art Lounge Bar & Pub Nightclub
-
The Shepherd’s Nest Studio /Adversity Thrift Art Studio
-
RaceTrac Auto Butane gas supplier Butane Gas Supplier
-
RaceTrac Gas Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$380k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$759k
Blend (final)
Blend
$570k
Owner & transaction history
Pepperwood INC · 15 yrs held
Pepperwood INC
since 2011
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$635,000
+5.6%
Commercial (general)
$625,000
+3.6%
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
$380,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
SERVICE STATION (FULL SERVICE)
$605,000
Current use
RESTAURANT
$635,000
Change: +6% · Conversion: Difficult
COMMERCIAL (GENERAL)
$625,000
Change: +4% · Conversion: Difficult
OFFICE BUILDING
$535,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$570k
Range $513k – $627k · ±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
$109 / 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
$45,136
Tax year 2023
Assessed value
$2,045,550
Assessed 2024
Previous assessed
$2,045,550
+0.0% YoY
Effective rate
2.21%
On assessed value
Assessed land
$543,845
Assessed improvement
$1,501,705
Land market value
$543,845
Improvement market value
$1,501,705
Total market value
$2,045,550
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
Grocery and convenience stores
Use group
CONVENIENCE STORE (W/FUEL PUMP)
Status
Off-Market
Year built
2011
Heating
NONE
Stories
1
Total area
5,245 SF
Lot
2.5 ac (108,769 SF)
APN
14500-1-2R
UPID
US82-1231105
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
SERVICE STATION (FULL SERVICE) Current
Est. value
$605,000
RESTAURANT
Est. value
$635,000
COMMERCIAL (GENERAL)
Est. value
$625,000
OFFICE BUILDING
Est. value
$535,000
SERVICE STATION (FULL SERVICE) Current
RESTAURANT
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
2011
Heating
NONE
Stories
1
Lot
2.5 ac
Current owner
From public records · entity-resolved
Pepperwood INC
Entity
Free & Clear · 15 yrs held
Mailing address
PO BOX 2437, SMYRNA, GA 30081-2437
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 10, 2011
—
Pepperwood INC
Greenville Grand LP
Grant Deed
—
Mar 10, 2005
—
Grand Greenville
Us Homeland LLC
Grant Deed
$1,265,250 · First International Bank
Oct 19, 2004
—
Us Homeland LLC
Oakhollow Group Ltd
Grant Deed
$712,500 · First International Bank
—
—
Greenville Grand LP
—
Deed Of Trust
related
$1,265,250 · First International Bank
—
—
Pepperwood INC
—
Deed Of Trust
related
$25,000,000 · Regions Bank
—
—
Greenville Grand LP
—
Deed Of Trust
related
$1,265,250 · First International 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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