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Property profile & analytics
OFF-MARKET
Assisted living facilities
509 Corry A Edwards Dr, Kennedale, TX 76060-4438
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US82-3194777
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1977
Total area
6,832 SF
Lot
3.67 ac (159,996 SF)
APN
47685-2-1
UPID
US82-3194777
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Citipoint Properties & Investment L · 4 yrs held
Citipoint Properties & Investment L
since 2021
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 Kennedale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kennedale 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
$13,014
Tax year 2023
Assessed value
$570,000
Assessed 2024
Previous assessed
$555,000
+2.7% YoY
Effective rate
2.28%
On assessed value
Assessed land
$160,000
Assessed improvement
$410,000
Land market value
$160,000
Improvement market value
$410,000
Total market value
$570,000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1977
Heating
NONE
Stories
1
Bathrooms
2
Total area
6,832 SF
Lot
3.67 ac (159,996 SF)
APN
47685-2-1
UPID
US82-3194777
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
1977
Heating
NONE
Stories
1
Bathrooms
2
Lot
3.67 ac
Current owner
From public records · entity-resolved
Citipoint Properties & Investment L
Entity
Mailing address
5020 MANSFIELD RD, ARLINGTON, TX 76017-2748
Mailing matches property
Yes
Owner-occupied
Yes
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 18, 2021
—
Citipoint Properties & Investment L
Careparth Healthcare Systems LLP
Venders Lien
$300,000 · Cogent Bank
Nov 7, 2019
—
Carepath Healthcare Systems Ll
—
Deed
related
$243,358 · Glaze Sheridan Trust (rt)
Jun 1, 2016
—
Carepath Healthcare Systems Ll
Glaze Sheridan Trust
Warranty Deed
$663,000 · Glaze Sheridan Trust (pt)
May 29, 2014
—
Glaze,sheridan Trust
Williamson,miriam
Deed In Lieu Of Foreclosure
related
—
Sep 20, 2013
—
Miriam Williamson
Brewer,sheridan
Grant Deed
$475,000 · Sheridan Brewer
—
—
Carepath Healthcare Systems Ll
—
Loan Modification
related
$243,358 · Glaze Sheridan Trust (rt)
—
—
Assist U INC
—
Deed Of Trust
related
$25,000 · Central 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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