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Property profile & analytics
FOR LEASE
Community centers
302 South Park Blvd Grapevine, TX 76051
Entity Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US83-4238801
For Lease
$1,110,000
302 South Park Blvd, Grapevine, TX 76051
View Listing →
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1991
Total area
60,150 SF
Lot
5.25 ac (228,690 SF)
APN
31685H--4
UPID
US83-4238801
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
-
Tom Thumb Pharmacy Pharmacy
-
Quest Diagnostics Medical Clinic
-
Coinstar Kiosk - Bitcoin ATM Currency Exchange Service Kiosk
-
Crystal Bruchhaus Pharmacy
-
Chukwuemezie Emelogu Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.10M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.12M
Blend (final)
Blend
$1.11M
Owner & transaction history
Park West Tt Owner LLC · 10 yrs held
Park West Tt Owner LLC
since 2015
4 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 Grapevine submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grapevine 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
$1,100,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.11M
Range $999k – $1.22M · ±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
$78,463
Tax year 2023
Assessed value
$4,505,898
Assessed 2024
Previous assessed
$4,680,390
-3.7% YoY
Effective rate
1.74%
On assessed value
Assessed land
$1,372,140
Assessed improvement
$3,133,758
Land market value
$1,372,140
Improvement market value
$3,133,758
Total market value
$4,505,898
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
Community centers
Use group
MINI-MALL
Status
For Lease
Year built
1991
Heating
NONE
Stories
1
Total area
60,150 SF
Lot
5.25 ac (228,690 SF)
APN
31685H--4
UPID
US83-4238801
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
1991
Heating
NONE
Stories
1
Lot
5.25 ac
Current owner
From public records · entity-resolved
Park West Tt Owner LLC
Entity
Free & Clear · 10 yrs held
Mailing address
40 SKOKIE BLVD STE #610, NORTHBROOK, IL 60062-1602
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 5, 2026
—
Park West Tt Owner LLC
—
Deed
related
$90,000,000 · Webster Bank NA
Dec 3, 2015
—
Park West Tt Owner LLC
Ia Grapevine Park West LP
Quit Claim Deed
related
—
Apr 17, 2007
—
Inland American Grapevine Park
North Dallas Retail Fund I Gen
Grant Deed
related
—
—
—
Inland American Grapevine Park
—
Deed Of Trust
related
$7,531,973 · Bank Of America
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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