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Property profile & analytics
OFF-MARKET
Estimated value
$605,000
Medical Office Space
345 Westpark Way Euless, TX 76040-3902
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US82-2614520
Property summary
AI-generated overview
This exceptional 7,982 square foot commercial property at 345 Westpark Way, Euless, TX 76040, offers a unique blend of creative and traditional office spaces, along with retail opportunities. Built in 2008, this single-building property sits on 0.81 acres of land and is conveniently located near Evans Dr. The property features multiple tenancies, with a total of 125 square feet currently vacant. Available spaces range from 125 to 136 square feet, ideal for a variety of businesses. The property's versatile design makes it suitable for a wide range of uses, including nail and lash technicians, dry salon suites, makeup artists, estheticians, hairstylists, massage therapists, laser hair removal specialists, therapists, attorneys, and other office professionals. Its prime location offers easy access to restaurants, Texas Health HEB Wound Care Services, Greater Southwest Medical Associates, and Airport Freeway, enhancing convenience and accessibility for both businesses and clients. The property's APN is 22921-A-1. This is a fantastic opportunity to establish or expand your business in a thriving Euless community. Don't miss out on this exceptional property.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2007
Total area
7,982 SF
Lot
0.81 ac (35,493 SF)
APN
22921-A-1
UPID
US82-2614520
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
-
FlexHealth.me Home Health Care Service Aged Care
-
MARIA PHARAH PAGUSARA AMBALONG Geriatric Care Provider
-
Dr. LaFonya Jones-Hines Crisis Center Medical Clinic
-
Professional Home Health & Hospice Home Health Care Service
-
DR. RESHAUNDA T STRICKLAND Mental Health Service Psychologist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$475k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$738k
Blend (final)
Blend
$605k
Owner & transaction history
Kosambo LP · 9 yrs held
Kosambo LP
since 2017
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$880,000
+34.2%
Office building
$750,000
+14.1%
Retail stores
$710,000
+8.6%
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 Euless submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Euless 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
$475,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$655,000
Current use
RESTAURANT
$880,000
Change: +34% · Conversion: Difficult
OFFICE BUILDING
$750,000
Change: +14% · Conversion: Easy
RETAIL STORES
$710,000
Change: +9% · Conversion: Difficult
AUTO REPAIR, GARAGE
$690,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$605k
Range $545k – $666k · ±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
$76 / 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
$32,476
Tax year 2023
Assessed value
$1,860,045
Assessed 2024
Previous assessed
$1,727,644
+7.7% YoY
Effective rate
1.75%
On assessed value
Assessed land
$221,838
Assessed improvement
$1,638,207
Land market value
$221,838
Improvement market value
$1,638,207
Total market value
$1,860,045
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2007
Heating
NONE
Stories
1
Total area
7,982 SF
Lot
0.81 ac (35,493 SF)
APN
22921-A-1
UPID
US82-2614520
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
MEDICAL BUILDING Current
Est. value
$655,000
RESTAURANT
Est. value
$880,000
OFFICE BUILDING
Est. value
$750,000
RETAIL STORES
Est. value
$710,000
AUTO REPAIR, GARAGE
Est. value
$690,000
MEDICAL BUILDING Current
RESTAURANT
OFFICE BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
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
2007
Heating
NONE
Stories
1
Lot
0.81 ac
Current owner
From public records · entity-resolved
Kosambo LP
Entity
Mailing address
345 WESTPARK WAY #101, EULESS, TX 76040-3902
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 11, 2017
—
Kosambo LP
—
Deed
related
$600,000 · The American National Bank Of Texas
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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