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Property profile & analytics
OFF-MARKET
Turn key restaurants
501 Main St Grand Prairie, TX 75050-5626
Entity Owned
23-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-2841250
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1986
Construction
FRAME
Total area
1,796 SF
Lot
0.55 ac (23,862 SF)
Zoning code
Z20
APN
28090500000210000
UPID
US82-2841250
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
-
Grand Prairie News Publishing House Newspaper & Magazine
-
Haken Affordable Auto Insurance Grand Prairie Insurance Agency
-
Tacos y Mariscos El Cabezon Restaurant
-
Today Movers & Transport Moving Company
-
Affordable Computers Computer & Electronic Repair
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
I-20 Hospitality LP · 23 yrs held
I-20 Hospitality LP
since 2002
7 recorded transactions
Zoning & alternative use
Z20 · Grand Prairie, TX
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 Grand Prairie submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grand Prairie 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
$7,131
Tax year 2023
Assessed value
$310,000
Assessed 2023
Previous assessed
$310,000
+0.0% YoY
Effective rate
2.30%
On assessed value
Assessed land
$155,100
Assessed improvement
$154,900
Land market value
$155,100
Improvement market value
$154,900
Total market value
$310,000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1986
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
1,796 SF
Lot
0.55 ac (23,862 SF)
Zoning code
Z20
APN
28090500000210000
UPID
US82-2841250
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z20 · Grand Prairie, TX
Zoning Z20 · permitted uses
Z20 · Grand Prairie, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Grand Prairie. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1986
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.55 ac
Current owner
From public records · entity-resolved
I-20 Hospitality LP
Entity
Free & Clear · 23 yrs held
Mailing address
214 W PIONEER PKWY, GRAND PRAIRIE, TX 75051-4945
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 26, 2002
—
I-20 Hospitality LP
Sanchez,humberto
Grant Deed
related
—
—
—
I-20 Hospitality
—
Deed Of Trust
related
$145,700 · Mission Valley Bank
—
—
I-20 Hospitality
—
Deed Of Trust
related
$1,356,000 · Grand Bank Of Texas
—
—
I-20 Hospitality
—
Deed Of Trust
related
$200,000 · Grand Bank Of Texas
—
—
I-20 Hospitality
—
Deed Of Trust
related
$9,361 · Retax Funding LP
—
—
I-20 Hospitality LP
—
Deed Of Trust
related
$169,919 · Grand Bank Of Texas
—
—
I-20 Hospitality
—
Deed Of Trust
related
$1,356,000 · Grand Bank Of Texas
—
—
Betos Mexican Restaurants
—
Deed Of Trust
related
$1,356,000 · Grand Prairie State Bank
—
—
I-20 Hospitality
—
Deed Of Trust
related
$200,000 · Grand Bk/tx
—
—
I-20 Hospitality LP
—
Loan Modification
related
$132,729 · Grand Bk/tx
—
—
I-20 Hospitality LP
—
Loan Modification
related
$131,142 · Grand Bk/tx
—
—
I-20 Hospitality
—
Deed Of Trust
related
$6,320 · Retax Funding LP
—
—
I-20 Hospitality
—
Deed Of Trust
related
$8,042 · Retax Funding LP
—
—
I-20 Hospitality LP
—
Loan Modification
related
$137,312 · Grand Bk/tx
—
—
Betos Mexican Restaurants LP
—
Deed Of Trust
related
$1,356,000 · Grand Prairie State Bank
—
—
I-20 Hospitality LP
—
Deed Of Trust
related
$170,967 · Grand Bank Of Texas
—
—
I-20 Hospitality LP
—
Loan Modification
related
$138,846 · Grand Bk/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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