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Property profile & analytics
OFF-MARKET
Office buildings
5115 Colleyville Blvd Colleyville, TX 76034-5827
Individually Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US83-3476845
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1970
Total area
3,523 SF
Lot
0.28 ac (12,371 SF)
APN
41980-1-7
UPID
US83-3476845
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
-
IFC Restoration Hardware & Home Improvement Construction Company
-
IFC Roofing Roofing Company General Contractor
-
澳门永利集团官方入口 General Contractor
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
Norman Gibson · 9 yrs held
Norman Gibson
since 2017
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
$3,698
Tax year 2023
Assessed value
$239,564
Assessed 2024
Previous assessed
$219,208
+9.3% YoY
Effective rate
1.54%
On assessed value
Assessed land
$99,000
Assessed improvement
$140,564
Land market value
$99,000
Improvement market value
$140,564
Total market value
$239,564
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1970
Heating
NONE
Stories
1
Total area
3,523 SF
Lot
0.28 ac (12,371 SF)
APN
41980-1-7
UPID
US83-3476845
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
1970
Heating
NONE
Stories
1
Lot
0.28 ac
Current owner
From public records · entity-resolved
Norman Gibson
Individual
Mailing address
561 BLUEBONNET DR, KELLER, TX 76248-3506
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
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
Apr 27, 2017
—
Norman Gibson
Jessup,stephen & Linda
Grant Deed
—
May 5, 2014
—
Stephen Jessup
Pleasant Run Holdings LLC
Venders Lien
$150,000 · Prosperity Bank
Jan 11, 2010
—
Pleasant Run Holdings LLC
—
Trustees Deed
related
$78,404 · United Community Bank
Nov 17, 2009
—
Pleasant Run Holdings LLC
—
Trustees Deed
related
$78,404 · United Community Bank
Nov 19, 2008
—
Pleasant Run Holdings LLC
—
Trustees Deed
related
$87,755 · United Community Bank
Aug 6, 2008
—
Pleasant Run Holdings LLC
—
Trustees Deed
related
$112,000 · United Community Bank
Jun 19, 2008
—
Pleasant Run Holdings LLC
Bural,lynn
Warranty Deed
$87,755 · United Community Bank
Mar 19, 2003
—
Pheasant Run Creek Jv
Fee,michael P & Mary L
Grant Deed
$112,000 · United Community Bank
Oct 11, 2002
—
Run Creek Jv Pleasant
Fee,michael P & Mary L
Grant Deed
$112,000 · United Community Bank
—
—
Pleasant Run Holdings LLC
—
Deed Of Trust
related
$78,194 · Willie G & Judabeth Bural
—
—
Pleasant Run Holdings LLC
—
Deed Of Trust
related
$19,809 · Willie G & Judabeth Bural
—
—
Run Creek Pleasant
—
Deed Of Trust
related
$112,000 · United Community Bank
—
—
Run Creek Pleasant
—
Deed Of Trust
related
$112,000 · United Community Bank
—
—
Lynn Bural
—
Deed Of Trust
related
$8,000 · United Community Bank
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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