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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Strip malls
3300 Watson Rd Arlington, TX 76014-2803
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-1186548
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1998
Total area
14,757 SF
Lot
1.24 ac (54,189 SF)
APN
40015-35-4B
UPID
US82-1186548
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
-
A Karing Konnection12, L.L.C. Nursing Home Social Service Agency
-
Iglesia El Shaddai DFW Church
-
Texas U Can Paint Arlington High School
-
R.E.X. Day hab and Learning center Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$515k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$503k
Blend (final)
Blend
$510k
Owner & transaction history
3300 S Watson Rd LLC · 4 yrs held
3300 S Watson Rd LLC
since 2021
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$830,000
+50.8%
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
$515,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$550,000
Current use
MEDICAL BUILDING
$830,000
Change: +51% · Conversion: Difficult
Blend value · Realmo final
$510k
Range $459k – $561k · ±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
$35 / 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
$37,512
Tax year 2023
Assessed value
$1,700,000
Assessed 2024
Previous assessed
$1,700,000
+0.0% YoY
Effective rate
2.21%
On assessed value
Assessed land
$292,529
Assessed improvement
$1,407,471
Land market value
$292,529
Improvement market value
$1,407,471
Total market value
$1,700,000
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
Off-Market
Year built
1998
Heating
NONE
Stories
1
Total area
14,757 SF
Lot
1.24 ac (54,189 SF)
APN
40015-35-4B
UPID
US82-1186548
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$550,000
MEDICAL BUILDING
Est. value
$830,000
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL 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
1998
Heating
NONE
Stories
1
Lot
1.24 ac
Current owner
From public records · entity-resolved
3300 S Watson Rd LLC
Entity
Mailing address
6405 PEMBERTON DR, DALLAS, TX 75230-4126
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Jun 30, 2022
—
3300 S Watson Rd LLC
—
Deed
related
$611,886 · Liberty Capital Bank
Dec 20, 2021
—
3300 S Watson Rd LLC
Bkr Land LP
Venders Lien
$1,975,000 · Liberty Capital Bank
Nov 2, 2020
—
Bmf IV Tx Autumnwood LLC
Bedrock Hldgs II Dallas LLC
Grant Deed
$28,481,000 · Prudential Affordable Mtg
Feb 9, 2015
—
Bkr Land LP
Deriso Dev LLC
Grant Deed
—
—
—
Deriso Dev LLC
—
Deed Of Trust
related
$50,000 · Southwest Securities Bank
—
—
Deriso Development LLC
—
Deed Of Trust
related
$880,000 · Bank One Texas NA
—
—
Deriso Dev LLC
—
Deed Of Trust
related
$958,980 · Frost National Bank
—
—
Deriso Dev LLC
—
Deed Of Trust
related
$80,000 · Southwest Securities Bank
—
—
Deriso Dev LLC
—
Deed Of Trust
related
$760,000 · Southwest Securities Bank
—
—
Deriso Dev LLC
—
Deed Of Trust
related
$88,000 · Southtrust Bank NA
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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