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Property profile & analytics
OFF-MARKET
Estimated value
$3,120,000
Retail space
507 Carrier Pkwy Grand Prairie, TX 75051-1511
Entity Owned
1-yr Hold
Free & Clear
Property ID
US82-0785845
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1996
Construction
TILT-UP CONCRETE
Total area
14,072 SF
Lot
1.83 ac (79,671 SF)
Zoning code
Z97
APN
281250500101R0000
UPID
US82-0785845
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
-
Walgreens Photo (Bike/Boat/Book/etc) Store
-
Walgreens Pharmacy
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
COVID-19 Drive-Thru Testing at Walgreens Medical Laboratory
-
FedEx OnSite Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.98M
Comparable Approach
Comparable
$1.91M
Blend (final)
Blend
$3.12M
Owner & transaction history
Gator Wg Grand Prairie Tx LLC · 1 yrs held
Gator Wg Grand Prairie Tx LLC
since 2025
Last sale
$3.2M
3 recorded transactions
Zoning & alternative use
Z97 · Grand Prairie, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.9M
+41.0%
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%
$3,230,000
6.5%
$2,980,000
7%
$2,770,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,885,000
Change: +41% · Conversion: Easy
Blend value · Realmo final
$3.12M
Range $2.81M – $3.43M · ±10% · vs last sale $3.19M (Nov 24 2024)
Last sale anchor
$3.19M
Nov 24 2024
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
$222 / 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
$41,329
Tax year 2023
Assessed value
$1,796,660
Assessed 2023
Previous assessed
$1,796,660
+0.0% YoY
Effective rate
2.30%
On assessed value
Assessed land
$1,195,370
Assessed improvement
$601,290
Land market value
$1,195,370
Improvement market value
$601,290
Total market value
$1,796,660
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
1996
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
14,072 SF
Lot
1.83 ac (79,671 SF)
Zoning code
Z97
APN
281250500101R0000
UPID
US82-0785845
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
COMMERCIAL (GENERAL)
Est. value
$1.9M
COMMERCIAL (GENERAL)
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
1996
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
1.83 ac
Current owner
From public records · entity-resolved
Gator Wg Grand Prairie Tx LLC
Entity
Free & Clear · 1 yrs held
Mailing address
1109 NW LAVENDER CIR, WESTON, FL 33327-2437
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 24, 2025
$3,188,241
Gator Wg Grand Prairie Tx LLC
507 Grand Prairie Tx LLC
Special Warranty Deed
—
Dec 9, 2019
—
507 Grand Prairie Tx LLC
Jays Wg Texas Investments LP
Grant Deed
$2,587,537 · Bank Of America
Jun 4, 2001
—
Jays Wg Texas Investments LP
Shamrock Adventure Xvi Ltd
Grant Deed
related
—
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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