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Property profile & analytics
FOR LEASE
Strip malls
513 W Jefferson St Grand Prairie, TX 75051
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US83-4091563
For Lease
1 / 2
Contact for pricing
513 W Jefferson St, Grand Prairie, TX 75051
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2008
Construction
TILT-UP CONCRETE
Total area
24,744 SF
Lot
2.39 ac (103,934 SF)
Zoning code
Z20
APN
28103700010010000
UPID
US83-4091563
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
-
Clinica Hispana Grand Prairie Medical Clinic
-
LibertyX Bitcoin Cashier Atm
-
Legacy Barber Lounge Barber Shop
-
CoinFlip Bitcoin ATM Atm Business Banking Service
-
Discount Liquor GP Specialty Food Shop Wine and Liquor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$750k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$855k
Blend (final)
Blend
$805k
Owner & transaction history
Eiksa Group INC · 9 yrs held
Eiksa Group INC
since 2016
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
Method
Estimation
Statistic approach
by Request
ML approach
$750,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,060,000
Current use
Blend value · Realmo final
$805k
Range $725k – $886k · ±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
$33 / 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
$50,085
Tax year 2023
Assessed value
$2,177,320
Assessed 2023
Previous assessed
$2,177,320
+0.0% YoY
Effective rate
2.30%
On assessed value
Assessed land
$311,800
Assessed improvement
$1,865,520
Land market value
$311,800
Improvement market value
$1,865,520
Total market value
$2,177,320
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
2008
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
24,744 SF
Lot
2.39 ac (103,934 SF)
Zoning code
Z20
APN
28103700010010000
UPID
US83-4091563
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z20 · Grand Prairie, TXZoning 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
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER Current
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
2008
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
2.39 ac
Current owner
From public records · entity-resolved
Eiksa Group INC
Entity
Mailing address
2601 FOX CRK TRL, ARLINGTON, TX 76017-7957
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 11, 2017
—
Eiksa Group INC
—
Deed
related
$62,500 · Legacy Bk/tx
May 10, 2017
—
Eiksa Group INC
—
Deed
related
$266,000 · Legacy Bk/tx
Sep 16, 2016
—
Eiksa Group INC
Ernesti Properties LLC
Grant Deed
$1,950,000 · Legacy Bk/tx
Jun 9, 2009
—
Ernesti Properties
—
Deed Of Trust
related
$2,280,312 · First State Bank Mesquite
Dec 19, 2008
—
Ernesti Properties
—
Trustees Deed
related
$2,280,312 · First State Bank Mesquite
Sep 14, 2007
—
Ernesti Properties
Texas Trust Cu
Grant Deed
$2,280,312 · First State Bank Mesquite
—
—
Ernesti Properties
—
Deed Of Trust
related
$100,000 · First State Bank Mesquite
—
—
Eiksa Group INC
—
Deed Of Trust
related
$266,000 · Legacy Bk/tx
—
—
Eiksa Group INC
—
Deed Of Trust
related
$62,500 · Legacy 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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