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Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Community centers
4020 William D Tate Ave Grapevine, TX 76051-8751
Entity Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-1091743
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1998
Total area
9,798 SF
Lot
1.05 ac (45,564 SF)
APN
42315-1-3
UPID
US82-1091743
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
-
Diana Mays - Humana Agent Insurance Agency
-
Ricardo Luna - Humana Agent Insurance Agency
-
Cotton Patch Cafe Restaurant
-
Alejandro Salas-Manzo - Humana Agent Insurance Agency
-
Amanda Specht - Humana Agent Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$565k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$575k
Blend (final)
Blend
$570k
Owner & transaction history
Heritage Heights Tt Owner LLC · 10 yrs held
Heritage Heights Tt Owner LLC
since 2015
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$845,000
+107.9%
Commercial (general)
$835,000
+105.6%
Restaurant
$790,000
+94.5%
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
$565,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$405,000
Current use
RETAIL STORES
$845,000
Change: +108% · Conversion: Easy
COMMERCIAL (GENERAL)
$835,000
Change: +106% · Conversion: Easy
RESTAURANT
$790,000
Change: +94% · Conversion: Difficult
MEDICAL BUILDING
$715,000
Change: +77% · Conversion: Difficult
OFFICE BUILDING
$705,000
Change: +73% · Conversion: Moderate
AUTO REPAIR, GARAGE
$445,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$570k
Range $513k – $627k · ±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
$58 / 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
$48,859
Tax year 2023
Assessed value
$3,233,340
Assessed 2024
Previous assessed
$2,914,470
+10.9% YoY
Effective rate
1.51%
On assessed value
Assessed land
$683,460
Assessed improvement
$2,549,880
Land market value
$683,460
Improvement market value
$2,549,880
Total market value
$3,233,340
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
Off-Market
Year built
1998
Heating
NONE
Stories
1
Total area
9,798 SF
Lot
1.05 ac (45,564 SF)
APN
42315-1-3
UPID
US82-1091743
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
$405,000
RETAIL STORES
Est. value
$845,000
COMMERCIAL (GENERAL)
Est. value
$835,000
RESTAURANT
Est. value
$790,000
MEDICAL BUILDING
Est. value
$715,000
OFFICE BUILDING
Est. value
$705,000
AUTO REPAIR, GARAGE
Est. value
$445,000
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
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
1998
Heating
NONE
Stories
1
Lot
1.05 ac
Current owner
From public records · entity-resolved
Heritage Heights 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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 3, 2015
—
Heritage Heights Tt Owner LLC
Ia Grapevine Heritage Heights
Quit Claim Deed
related
—
Apr 17, 2007
—
Inland American Grapevine Heri
Metroplex Retail Fund I Genera
Grant Deed
related
—
—
—
Rls Supermarkets LLC
—
Deed Of Trust
related
$35,200 · Private Individual
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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