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Property profile & analytics
OFF-MARKET
Estimated value
$580,000
Retail space
503 Church St Grand Prairie, TX 75050-5632
Entity Owned
~
Est. High Equity
Property ID
US83-1556885
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1977
Construction
TILT-UP CONCRETE
Total area
4,150 SF
Lot
0.36 ac (15,862 SF)
Zoning code
Z97
APN
28024500030010000
UPID
US83-1556885
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
-
Church Street Senior Citizens Community Center
-
Grand Prarie Event Center Nightclub DJ & Entertainment
-
Boxing by Cielo, LLC Gym & Fitness Center
-
Grand Prairie Nutrition Center City Government Office
-
Cielo Azul Banquet Hall Hotel & Motel Resort
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$528k
Blend (final)
Blend
$580k
Owner & transaction history
Grand Prairie Local Government Corp
Grand Prairie Local Government Corp
since 2026
7 recorded transactions
Zoning & alternative use
Z97 · Grand Prairie, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$655,000
+27.8%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$515,000
Current use
COMMERCIAL (GENERAL)
$655,000
Change: +28% · Conversion: Easy
OFFICE BUILDING
$490,000
Change: -4% · Conversion: Easy
AUTO REPAIR, GARAGE
$455,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$580k
Range $522k – $638k · ±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
$140 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$8,130
Tax year 2024
Assessed value
$353,440
Assessed 2024
Previous assessed
$353,440
+0.0% YoY
Effective rate
2.30%
On assessed value
Assessed land
$71,380
Assessed improvement
$282,060
Land market value
$71,380
Improvement market value
$282,060
Total market value
$353,440
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1977
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
4,150 SF
Lot
0.36 ac (15,862 SF)
Zoning code
Z97
APN
28024500030010000
UPID
US83-1556885
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z97 · Grand Prairie, TX
Zoning Z97 · permitted uses
Z97 · 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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$515,000
COMMERCIAL (GENERAL)
Est. value
$655,000
OFFICE BUILDING
Est. value
$490,000
AUTO REPAIR, GARAGE
Est. value
$455,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1977
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.36 ac
Current owner
From public records · entity-resolved
Grand Prairie Local Government Corp
Entity
Mailing address
300 W MAIN ST, DALLAS, TX 75208-1932
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 2, 2026
—
Grand Prairie Local Government Corp
City Of Grand Prairie
Warranty Deed
—
Sep 4, 2024
—
The City Of Grand Prairie
Castaneda Cervantes Maricielo
Warranty Deed
—
Jun 16, 2022
—
Estrella Galvan Cruz
Castaneda Cervantes Maricielo
Warranty Deed
—
Jul 28, 2017
—
Maricielo C Cervantes
Blackburn,jerry & Jacqueline
Warranty Deed
$330,000 · Jerry & Jacqueline Blackburn
Mar 6, 2006
—
Jerry Blackburn
—
Trustees Deed
related
$391,000 · Grand Bank Of Texas
Oct 6, 2005
—
Jerry Blackburn
—
Trustees Deed
related
$69,900 · Grand Bank Of Texas
Jul 1, 2002
—
Suburban Homes INC
Mountain Creek Residential Ltd
Grant Deed
$700,000 · Grand Prairie State Bank
Apr 28, 1999
—
Edvin Blackburn
Blackburn,jana K
Quit Claim Deed
related
$41,000 · Grand Prairie State Bank
—
—
Jerry D Blackburn
—
Deed Of Trust
related
$215,790 · Grand Bk/tx
—
—
Jerry D Blackburn
—
Deed Of Trust
related
$264,000 · Grand Bk/tx
—
—
Jerry D Blackburn
—
Deed Of Trust
related
$150,000 · Grand Bank Of Texas
—
—
Jerry D Blackburn
—
Loan Modification
related
$191,135 · Grand Bank Of Texas
—
—
Jerry Blackburn
—
Deed Of Trust
related
$177,000 · Grand Bank Of Texas
—
—
Jerry D Blackburn
—
Deed Of Trust
related
$215,790 · Grand Bank Of Texas
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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