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Property profile & analytics
OFF-MARKET
Estimated value
$1,130,000
Office buildings
408 Eagle Spirit Dr, Lindale, TX 75771-3300
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US82-2854072
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2010
Total area
6,470 SF
Lot
0.81 ac (35,371 SF)
APN
1-30045-0000-00-004000
UPID
US82-2854072
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.26M
Comparable Approach
Comparable
$994k
Blend (final)
Blend
$1.13M
Owner & transaction history
B Clay Keith Realty LLC · 16 yrs held
B Clay Keith Realty LLC
since 2010
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.0M
+31.7%
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 Lindale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lindale 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%
$1,365,000
6.5%
$1,260,000
7%
$1,170,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$775,000
Current use
COMMERCIAL (GENERAL)
$1,020,000
Change: +32% · Conversion: Easy
RETAIL STORES
$705,000
Change: -9% · Conversion: Moderate
RESTAURANT
$700,000
Change: -10% · Conversion: Moderate
Blend value · Realmo final
$1.13M
Range $1.02M – $1.24M · ±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
$175 / 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
$20,387
Tax year 2023
Assessed value
$1,061,389
Assessed 2023
Previous assessed
$1,061,389
+0.0% YoY
Effective rate
1.92%
On assessed value
Assessed land
$106,112
Assessed improvement
$955,277
Land market value
$106,112
Improvement market value
$955,277
Total market value
$1,061,389
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2010
Heating
NONE
Total area
6,470 SF
Lot
0.81 ac (35,371 SF)
APN
1-30045-0000-00-004000
UPID
US82-2854072
Jurisdiction
SMITH
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
OFFICE BUILDING Current
Est. value
$775,000
COMMERCIAL (GENERAL)
Est. value
$1.0M
RETAIL STORES
Est. value
$705,000
RESTAURANT
Est. value
$700,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RETAIL STORES
RESTAURANT
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
2010
Heating
NONE
Lot
0.81 ac
Current owner
From public records · entity-resolved
B Clay Keith Realty LLC
Entity
Mailing address
410 EAGLE SPIRIT DR, LINDALE, TX 75771-3300
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 15, 2016
—
B Clay Keith Realty LLC
—
Deed
related
$650,000 · Bancorpsouth
Apr 29, 2010
—
B Clay Keith Realty LLC
Clay Keith Pa B
Warranty Deed
$836,262 · Bancorp South Bank
Oct 9, 2008
—
Keith B Clay
Watkins,john C & Linda C
Warranty Deed
related
—
—
—
B Clay Keith Realty LLC
—
Deed Of Trust
related
$650,000 · Bancorpsouth
—
—
B Clay Keith Realty LLC
—
Deed Of Trust
related
$1,045,327 · Bancorp South 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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