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Property profile & analytics
OFF-MARKET
Estimated value
$4,675,000
Investment properties
2932 Division St, Arlington, TX 76012-3467
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US83-4218906
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1967
Total area
41,389 SF
Lot
4.86 ac (211,614 SF)
APN
14850----7----A---20
UPID
US83-4218906
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
-
Arlington Stor-More Storage Facility
-
Some Of This Marketing & Advertising IT Consulting Firm
-
Tarot & Psychic Reading Of Arlington Spiritual Center
-
Storage Barn USA Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.60M
Blend (final)
Blend
$4.68M
Owner & transaction history
Mhc 310 Arlington Tx LLC · 1 yrs held
Mhc 310 Arlington Tx LLC
since 2024
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$5.2M
+50.3%
Auto repair, garage
$4.4M
+28.2%
Restaurant
$4.1M
+20.0%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,440,000
Current use
MEDICAL BUILDING
$5,175,000
Change: +50% · Conversion: Easy
AUTO REPAIR, GARAGE
$4,410,000
Change: +28% · Conversion: Difficult
RESTAURANT
$4,130,000
Change: +20% · Conversion: Difficult
Blend value · Realmo final
$4.68M
Range $4.21M – $5.14M · ±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
$113 / 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
$44,044
Tax year 2023
Assessed value
$1,996,050
Assessed 2024
Previous assessed
$1,996,050
+0.0% YoY
Effective rate
2.21%
On assessed value
Assessed land
$317,421
Assessed improvement
$1,678,629
Land market value
$317,421
Improvement market value
$1,678,629
Total market value
$1,996,050
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1967
Heating
NONE
Stories
2
Total area
41,389 SF
Lot
4.86 ac (211,614 SF)
APN
14850----7----A---20
UPID
US83-4218906
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
COMMERCIAL (GENERAL) Current
Est. value
$3.4M
MEDICAL BUILDING
Est. value
$5.2M
AUTO REPAIR, GARAGE
Est. value
$4.4M
RESTAURANT
Est. value
$4.1M
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RESTAURANT
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
1967
Heating
NONE
Stories
2
Lot
4.86 ac
Current owner
From public records · entity-resolved
Mhc 310 Arlington Tx LLC
Entity
Free & Clear · 1 yrs held
Mailing address
4605 KELLNER PL, PLANO, TX 75093-1906
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 16, 2026
—
Mhc 310 Arlington Tx LLC
—
Deed
related
$220,000,000 · Blackstone Treasury Holdings I Torro LLC
Dec 19, 2024
—
Mhc V Trs LLC
—
Deed
related
$100,000,000 · Citibank NA
Nov 27, 2024
—
Mhc 310 Arlington Tx LLC
Bbh Capital Investments LLC
Special Warranty Deed
—
Aug 30, 2021
—
Bbh Capital Investments LLC
Wcre Arlington Stor More LLC
Venders Lien
$2,456,250 · Third Coast Bank Ssb
Aug 15, 2018
—
Wcre Arlington Stor-more LLC
Arlington Stor-more LLC
Quit Claim Deed
$1,225,250 · American First Cu
Jul 8, 2015
—
Arlington Stor-more LLC
Bowyer Ronald D
Grant Deed
related
—
Sep 7, 2005
—
Arlington Stor More LLC
Ronald D Bowyer
Special Warranty Deed
$3,500,000 · Ubs Real Estate Investments INC
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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