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Property profile & analytics
OFF-MARKET
Estimated value
$1,140,000
Strip malls
404 Interstate 35th E, Lancaster, TX 75146-1865
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US82-4575112
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2006
Construction
FRAME
Total area
18,550 SF
Lot
1.77 ac (77,275 SF)
Zoning code
Z39
APN
360801500A0010000
UPID
US82-4575112
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
-
Verizon Mobile Phone Store Electronics & Wireless Store
-
Puppy Dreams - Lancaster (Bike/Boat/Book/etc) Store Pet Store
-
Accident and Injury Chiropractic Lancaster Alternative Medicine Practice
-
Dr. Anuradha Amara Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.14M
Owner & transaction history
Vmy Properties LLC · 14 yrs held
Vmy Properties LLC
since 2012
6 recorded transactions
Zoning & alternative use
Z39 · Lancaster, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.8M
+57.7%
Medical building
$1.7M
+44.8%
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 Lancaster submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lancaster 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
NEIGHBORHOOD: SHOPPING CENTER
$1,145,000
Current use
OFFICE BUILDING
$1,805,000
Change: +58% · Conversion: Moderate
MEDICAL BUILDING
$1,660,000
Change: +45% · Conversion: Difficult
Blend value · Realmo final
$1.14M
Range $1.03M – $1.25M · ±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
$61 / 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
$69,315
Tax year 2023
Assessed value
$2,875,000
Assessed 2023
Previous assessed
$2,875,000
+0.0% YoY
Effective rate
2.41%
On assessed value
Assessed land
$772,890
Assessed improvement
$2,102,110
Land market value
$772,890
Improvement market value
$2,102,110
Total market value
$2,875,000
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
2006
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
18,550 SF
Lot
1.77 ac (77,275 SF)
Zoning code
Z39
APN
360801500A0010000
UPID
US82-4575112
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z39 · Lancaster, TX
Zoning Z39 · permitted uses
Z39 · Lancaster, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lancaster. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.8M
MEDICAL BUILDING
Est. value
$1.7M
NEIGHBORHOOD: SHOPPING CENTER Current
OFFICE BUILDING
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
2006
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
1.77 ac
Current owner
From public records · entity-resolved
Vmy Properties LLC
Entity
Mailing address
5918 LOVELL AVE, FORT WORTH, TX 76107-5030
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 8, 2012
—
Vmy Properties LLC
Lancaster Venture One LP
Grant Deed
$2,150,000 · Symetra Life Insurance Co
Feb 28, 2005
—
Venture 1 Lancaster
Pogue,vernie H & Eva A
Warranty Deed
$2,047,495 · Legacy Bank Of Texas
—
—
Venture One LP Lancaster
—
Deed Of Trust
related
$2,717,563 · Sterling Bank
—
—
Venture No One Lancaster
—
Deed Of Trust
related
$2,700,714 · Sterling Bank
—
—
Venture 1 Lancaster
—
Deed Of Trust
related
$2,489,920 · Legacytexas Bank
—
—
Venture One LP Lancaster
—
Deed Of Trust
related
$2,717,563 · Sterling Bank
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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