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    Property profile & analytics

    405 Fm 1187 Aledo, TX 76008-4208

    • Office Properties & Spaces
    • 1,056 SF
    • 0.19 lot acres
    OFF-MARKET
    Value Estimation
    $320,000
    Location Intelligence
    Property ID
    US82-2741045
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Yesterdays Sandwich Shop In Aledo / Sandwich Shop
    • Alejandra Rivas Kovach, DDS / Dentist
    • Joelene Slocum, Williams Trew Real Estate / Real Estate Agent
    • Vinoco / Wine Bar / Wine Store
    • Palio's Pizza Cafe Aledo / Pizza Restaurant / Pizza Takeout

    Property Details for 405 Fm 1187

    Year built
    1978
    Lot size
    0.19 lot acres
    Property size
    1,056 SF
    Property type
    Office Properties & Spaces
    APN
    14470-002-002-00
    APU
    1447000200200

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $290,000

    • CAP approach

      CAP return
      Estimation
      6%
      $345,000
      6.5%
      $335,000
      7%
      $375,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $390,000
      Geo Method
      $415,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $370,000
      Retail
      $335,000
      Mixed-Use
      $335,000
      Hospitality
      $440,000
      Educational
      $335,000
      Residential Income
      $385,000
      Energy
      $320,000
      Income-Based Land
      $340,000
      Food Service
      $335,000

    Location Insight

    • Map
    • Local Demand
    City
    Aledo
    County
    Parker
    State
    Texas
    Longitude
    -97.6035
    Latitude
    32.7011
    CBSA code
    19100
    CBSA name
    DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,556
    $58,660
    $104,900
    $163,560
    -
    $58,660
    $104,900
    $163,560

    Comparable in this City

    • Value Estimation by Request
      4,710 SF

      7000 Interstate 20

      OFFICE (GENERAL) • 4,710 SF
      7000 Interstate 20, Aledo, TX 76008-3106
      View Details
    • Value Estimation by Request
      6,460 SF

      5600 Interstate 20th Service S Rd

      OFFICE (GENERAL) • 6,460 SF
      5600 Interstate 20th Service S Rd, Willow Park, TX 76008
      View Details
    • Value Estimation
      $375,000
      872 SF

      208 Fm 1187

      OFFICE (GENERAL) • 872 SF
      208 Fm 1187, Aledo, TX 76008-4405
      View Details
    • Value Estimation by Request
      6,000 SF

      401 Fm 1187

      OFFICE (GENERAL) • 6,000 SF
      401 Fm 1187, Aledo, TX 76008-4209
      View Details
    • Value Estimation
      $305,000
      1,846 SF

      203 Oak St

      OFFICE (GENERAL) • 1,846 SF
      203 Oak St, Aledo, TX 76008-4345
      View Details
    • Value Estimation
      $460,000
      1,664 SF

      417 Pne St

      OFFICE (GENERAL) • 1,664 SF
      417 Pne St, Aledo, TX 76008-4313
      View Details

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    Similar Nearby for Lease

    • $28 SF/Yr
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      Aledo Retail Center: Prime Location

      Two retail spaces available, high-growth area.
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    • $16 SF/Yr
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      Retail, Office, and Warehouse Space

      Retail, office, and warehouse spaces available for lease.
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    • $18 SF/Yr
      25,000 SF

      Broadway Business Park: Aledo, TX

      Flexible Office Space in Aledo, TX
      000 Broadway Aledo Tx, Aledo, TX 76008
      View Details
    • $1,300 /Mo

      Aledo Office Space For Rent

      Office space in the heart of Aledo, available June 1st.
      703 N Fm 1187, Aledo, TX 76008
      View Details
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    Aledo, TX 76008-4208
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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