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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    412 Westchase Dr Grand Prairie, TX 75052-3205

    • Turn key restaurants
    • 6,051 SF
    • 1.70 lot acres
    OFF-MARKET
    Value Estimations
    $530,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2922952
    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

    • It's Just Wings / Chicken Restaurant / Lunch Restaurant
    • Chili's Grill & Bar / Restaurant / Bar & Grill

    Property Details for 412 Westchase Dr

    Year built
    1995
    Construction
    FRAME
    Lot size
    1.70 lot acres
    Property size
    6,051 SF
    Zone code
    Z236
    Property type
    Turn key restaurants
    APN
    280216600A0050000
    APU
    280216600A0050000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $465,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $595,000
      Market price range: $489k - $938k

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $735,000
      Current use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Grand Prairie
    County
    Dallas
    State
    Texas
    Longitude
    -97.0037
    Latitude
    32.6738
    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
    $39,105
    $889,620
    $810,380
    $1,700,000
    -
    $889,620
    $810,380
    $1,700,000

    Comparable in this City

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      6,687 SF

      4125 Carrier Pkwy

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    • Value Estimation by Request
      5,651 SF

      4108 Carrier Pkwy

      RESTAURANT • 5,651 SF
      4108 Carrier Pkwy, Grand Prairie, TX 75052-3214
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    • Value Estimation
      $550,000
      5,600 SF

      3134 State Hwy 161

      RESTAURANT • 5,600 SF
      3134 State Hwy 161, Grand Prairie, TX 75052-7685
      View Details
    • Value Estimation
      $540,000
      7,840 SF

      4106 Carrier Pkwy

      RESTAURANT • 7,840 SF
      4106 Carrier Pkwy, Grand Prairie, TX 75052-3214
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    • Value Estimation by Request
      7,407 SF

      2536 Interstate 20

      RESTAURANT • 7,407 SF
      2536 Interstate 20, Grand Prairie, TX 75052-7280
      View Details
    • Value Estimation
      $515,000
      7,500 SF

      3138 State Hwy 161

      RESTAURANT • 7,500 SF
      3138 State Hwy 161, Grand Prairie, TX 75052-7685
      View Details

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    • Contact for pricing

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      Grand Prairie NNN Retail Property

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      Fully equipped hair salon ready for immediate operation.
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      Fully equipped hair salon ready for immediate operation.
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      Grand Prairie Warehouse - $13.9M

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    Similar Nearby for Lease

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      Proposed retail space with drive-thru, excellent access and visibility.
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      Lake Prairie Towne Crossing Retail

      Grand Prairie retail center, multiple spaces available.
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      10,150 SF

      Retail/Office Space on 161

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      4,200 SF

      Retail Space Near I-20

      Retail space available in a busy community shopping center.
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      135,157 SF

      Grand Prairie Retail Center - TX

      High-traffic retail space available. Multiple units, various sizes.
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      1,928 SF

      Retail Space Near Future School

      Retail spaces available near major highways and residential area.
      2360 W Camp Wisdom Rd, Grand Prairie, TX 75052
      View Details

    Property Visit Statistics

    • Visits by month
      19.2k
    • Visitors by month
      22.2k
    • Avg Time on site
      63 min
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    412 Westchase Dr
    Grand Prairie, TX 75052-3205
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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