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Property profile & analytics
OFF-MARKET
Estimated value
$840,000
Individual retail properties
4401 Park Spgs Blvd Arlington, TX 76017-2016
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US83-0762806
Property profile
Verified
Property type
Individual retail properties
Use group
GYM, HEALTH SPA
Year built
2017
Total area
26,548 SF
Lot
3.19 ac (138,913 SF)
APN
17654H-1-1
UPID
US83-0762806
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
$585k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.09M
Blend (final)
Blend
$840k
Owner & transaction history
4401 Park Springs Icjv II LLC · 4 yrs held
4401 Park Springs Icjv II LLC
since 2021
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$990,000
+28.8%
Retail stores
$890,000
+15.7%
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 Arlington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Arlington 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
$585,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
GYM, HEALTH SPA
$770,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$990,000
Change: +29% · Conversion: Difficult
RETAIL STORES
$890,000
Change: +16% · Conversion: Difficult
Blend value · Realmo final
$840k
Range $756k – $924k · ±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
$32 / 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
$116,831
Tax year 2023
Assessed value
$5,294,682
Assessed 2024
Previous assessed
$5,294,682
+0.0% YoY
Effective rate
2.21%
On assessed value
Assessed land
$1,111,304
Assessed improvement
$4,183,378
Land market value
$1,111,304
Improvement market value
$4,183,378
Total market value
$5,294,682
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
Individual retail properties
Use group
GYM, HEALTH SPA
Status
Off-Market
Year built
2017
Heating
NONE
Stories
1
Total area
26,548 SF
Lot
3.19 ac (138,913 SF)
APN
17654H-1-1
UPID
US83-0762806
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
GYM, HEALTH SPA Current
Est. value
$770,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$990,000
RETAIL STORES
Est. value
$890,000
GYM, HEALTH SPA Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
2017
Heating
NONE
Stories
1
Lot
3.19 ac
Current owner
From public records · entity-resolved
4401 Park Springs Icjv II LLC
Entity
Mailing address
5910 N CENTRAL EXPY STE #1400, DALLAS, TX 75206-5128
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 14, 2021
—
4401 Park Springs Icjv II LLC
Cesp Arlington 2016 LLC
Special Warranty Deed
$100,000,000 · Capital One Bank NA
Jul 27, 2021
—
Cesp Arlington 2016 LLC
—
Deed
related
$871,188 · Lone Star State Bank Of West Texas
Nov 30, 2017
—
Cesp Arlington 2016 LLC
—
Deed
related
$6,757,500 · Lone Star St Bk/w Tx
Sep 21, 2017
—
Cesp Arlington 2016 LLC
—
Deed
related
$5,532,641 · Lone Star St Bk/w Tx
Sep 29, 2016
—
Cesp Arlington 2016 LLC
—
Deed
related
$5,532,641 · Lone Star State Bank Of West Texas
May 25, 2016
—
Cesp Arlington 2016 LLC
Kelly Perkins LLC
Warranty Deed
related
—
May 23, 2014
—
Kelly Perkins LLC
Kallay Alex L
Grant Deed
related
—
Apr 28, 2014
—
Kallay,alex L Living Trust
Kallay,alex L
Quit Claim Deed
related
—
—
—
Cesp Arlington 2016 LLC
—
Loan Modification
related
$6,757,500 · Lone Star St Bk/w Tx
—
—
Cesp Arlington 2016 LLC
—
Loan Modification
related
$5,532,641 · Lone Star St Bk/w Tx
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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