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Property profile & analytics
OFF-MARKET
Estimated value
$3,350,000
Medical Office Space
350 Interstate 20 Arlington, TX 76018-1119
Individually Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-9099318
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2014
Total area
28,346 SF
Lot
3.01 ac (130,985 SF)
APN
46415-7R-3
UPID
US82-9099318
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
-
Kleiman Evangelista Eye Centers of Texas - Arlington Physician
-
WAMIKA KUMAR Physician
-
Anthony W. Evangelista, M.D. Ophthalmologist
-
Yusra Siddiqui, M.D. Ophthalmologist
-
Nadia Virani Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.59M
Blend (final)
Blend
$3.35M
Owner & transaction history
Healthcare Portfolio III Exchange L · 3 yrs held
Healthcare Portfolio III Exchange L
since 2022
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.1M
+66.3%
Restaurant
$3.1M
+23.8%
Office building
$2.8M
+12.9%
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
MEDICAL BUILDING
$2,480,000
Current use
COMMERCIAL (GENERAL)
$4,125,000
Change: +66% · Conversion: Easy
RESTAURANT
$3,070,000
Change: +24% · Conversion: Difficult
OFFICE BUILDING
$2,800,000
Change: +13% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,305,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$3.35M
Range $3.02M – $3.69M · ±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
$118 / 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
$242,723
Tax year 2023
Assessed value
$11,000,000
Assessed 2024
Previous assessed
$11,000,000
+0.0% YoY
Effective rate
2.21%
On assessed value
Assessed land
$1,211,574
Assessed improvement
$9,788,426
Land market value
$1,211,574
Improvement market value
$9,788,426
Total market value
$11,000,000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2014
Heating
NONE
Stories
1
Total area
28,346 SF
Lot
3.01 ac (130,985 SF)
APN
46415-7R-3
UPID
US82-9099318
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
$2.5M
COMMERCIAL (GENERAL)
Est. value
$4.1M
RESTAURANT
Est. value
$3.1M
OFFICE BUILDING
Est. value
$2.8M
AUTO REPAIR, GARAGE
Est. value
$2.3M
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
OFFICE BUILDING
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
2014
Heating
NONE
Stories
1
Lot
3.01 ac
Current owner
From public records · entity-resolved
Healthcare Portfolio III Exchange L
Individual
Mailing address
2701 COLTSGATE RD STE #300, CHARLOTTE, NC 28211-3594
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
Sep 30, 2022
—
Healthcare Portfolio III Exchange L
First Merchants Bank
Quit Claim Deed
$75,000,000 · Fifth Third Bank NA
Jun 30, 2017
—
Healthcare,portfolio III Dst Trust
K-e Real Estate Holdings LP
Grant Deed
—
Jun 27, 2016
—
K-e Real Estate Holdings LP
—
Deed
related
$1,073,982 · Tbea Investments LP
Mar 23, 2016
—
14z II Capital Investments LLC
14z Capital Investments LLC
Quit Claim Deed
related
$565,869 · Bank 7
Feb 11, 2013
—
K E Real Estate Holdings LP
Redhawk Communiteis INC
Venders Lien
$1,000,000 · Frost Bank
—
—
K-e Real Estate Holdings LP
—
Loan Modification
related
$8,322,964 · Frost Bk
—
—
K-e Real Estate Holdings LP
—
Deed Of Trust
related
$1,073,982 · Tbea Investments LP
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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