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Property profile & analytics
OFF-MARKET
Medical Office Space
5005 Heritage Ave Colleyville, TX 76034-5983
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US83-3549793
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2006
Total area
4,581 SF
Lot
0.66 ac (28,601 SF)
APN
15399F-1-10
UPID
US83-3549793
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
-
Oliver Dental Implants: Oliver W L DDS Dental Office
-
Oliver Dental & Implants Dental Office
-
Mobile Med Pro Insurance Agency
-
Dr. Tony Kelsoe Alternative Medicine Practice
-
Dr. Jared Hoyt Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Heritage 5005 LLC · 1 yrs held
Heritage 5005 LLC
since 2025
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Colleyville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Colleyville 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$16,784
Tax year 2023
Assessed value
$1,025,000
Assessed 2024
Previous assessed
$995,000
+3.0% YoY
Effective rate
1.64%
On assessed value
Assessed land
$286,050
Assessed improvement
$738,950
Land market value
$286,050
Improvement market value
$738,950
Total market value
$1,025,000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2006
Heating
NONE
Stories
1
Total area
4,581 SF
Lot
0.66 ac (28,601 SF)
APN
15399F-1-10
UPID
US83-3549793
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
Building & site characteristics
From public records
Year built
2006
Heating
NONE
Stories
1
Lot
0.66 ac
Current owner
From public records · entity-resolved
Heritage 5005 LLC
Entity
Mailing address
5005 HERITAGE AVE STE #100, COLLEYVILLE, TX 76034-5985
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 2, 2025
—
Heritage 5005 LLC
Kemp Laidley
Deed
$778,280 · Pinnacle Bank
Dec 9, 2024
—
Kemp Laidley
Wlo Enterprises INC
Deed
$778,280 · Pinnacle Bank
Jun 14, 2017
—
Wlo Ents INC
—
Deed
related
$519,418 · Branch Bk&tr
Jul 14, 2016
—
Wlo Enterprises INC
—
Deed
related
$72,975 · Plainscapital Bank
May 6, 2009
—
Wlo Ents INC
—
Trustees Deed
related
$727,122 · Peoples Bank & Trust
Dec 21, 2007
—
Wlo Enterprises INC
Rcc Heritage Glade Ltd
Venders Lien
$739,691 · Peoples Bank
—
—
Wlo Ents INC
—
Deed Of Trust
related
$730,724 · Peoples Bank & Trust
—
—
Wlo Ents INC
—
Loan Modification
related
$589,666 · Plainscapital Bk
—
—
Wlo Ents INC
—
Deed Of Trust
related
$550,334 · Branch Bk&tr
—
—
Wlo Ents INC
—
Deed Of Trust
related
$519,418 · Branch Bk&tr
—
—
Wlo Ents INC
—
Deed Of Trust
related
$713,795 · Peoples Bank & Trust
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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