Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5209 Heritage Ave Colleyville, TX 76034

    • Office Properties & Spaces
    • 2.14 lot acres
    For Sale
    View listing
    Last Sale
    Feb 10, 2022
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-5462945
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Dr. David Seghers / Dentist / Practitioner Service Location
    • Alex Bekker, M.D. / Holistic Medicine Practitioner / Alternative Medicine Practitioner
    • Credit Card Lawsuit Defense / Consultant
    • Joe's Plumbing & Heating / Hvac Contractor / Air Conditioning Repair Service
    • Helicopter Marketing Associates LLC / Marketing

    Property Details for 5209 Heritage Ave

    Year built
    2007
    Lot size
    2.14 lot acres
    Property type
    Office Properties & Spaces
    APN
    7745C---09
    APU
    7745C09

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Colleyville
    County
    Tarrant
    State
    Texas
    Longitude
    -97.1043
    Latitude
    32.8851
    CBSA code
    19100
    CBSA name
    DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request

      26 Main St, Unit 2-1-2

      CONDOMINIUM OFFICES
      26 Main St, Colleyville, TX 76034-3171
      View Details
    • Value Estimation by Request
      3,993 SF

      1105 Cheek-Sparger Rd

      Office Properties & Spaces • 3,993 SF
      1105 Cheek-Sparger Rd, Colleyville, TX 76034
      View Details
    • Value Estimation
      $715,000
      4,290 SF

      4603 Colleyville Blvd, Unit A

      CONDOMINIUM OFFICES • 4,290 SF
      4603 Colleyville Blvd, Colleyville, TX 76034-3973
      View Details
    • Value Estimation by Request
      1.42 Acres

      710 Centerpark Dr

      CONDOMINIUM OFFICES • 1.42 Acres
      710 Centerpark Dr, Colleyville, TX 76034-2848
      View Details
    • Value Estimation by Request
      4.36 Acres

      7171 Colleyville Blvd

      CONDOMINIUM OFFICES • 4.36 Acres
      7171 Colleyville Blvd, Colleyville, TX 76034-6435
      View Details
    • Value Estimation
      $840,000
      5,046 SF

      8098 Precinct Line Rd

      CONDOMINIUM OFFICES • 5,046 SF
      8098 Precinct Line Rd, Colleyville, TX 76034-7693
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,860 SF

      Colleyville Office Building For Sale

      ±5,860 SF Office/Flex, Owner-User
      5316 Bransford Rd, Colleyville, TX 76034
      View Details
    • $1,050,000
      3,930 SF

      Colleyville Office Building - $1.05M

      Prime Colleyville office, fully renovated.
      120 Acuff Ln, Colleyville, TX 76034
      View Details
    • $1,300,000
      4,675 SF

      Colleyville Office Building - Prime Location

      Spacious office building, low utilities, flexible layout.
      820 Central Dr, Colleyville, TX 76034
      View Details
    • $1,244,950
      7,114 SF

      Colleyville Executive Office Suite

      7,114 SF Office, Prime Location
      85 Village Ln, Colleyville, TX 76034
      View Details
    • $454,250
      1,150 SF

      Colleyville Executive Office Condo

      Prime Colleyville Office, ±1,150 SF
      7157 Colleyville Blvd, Colleyville, TX 76034
      View Details
    • Contact for pricing
      10,700 SF

      10,700 SF Single-tenant Medical Office Building For Sale

      10,700 SF Single-tenant Medical Office Building For Sale
      4301 Brown Trl, Colleyville, TX 76034
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,071 SF

      Colleyville Executive Office Suite

      Prime Colleyville office space available.
      1005 Glade Rd, Colleyville, TX 76034
      View Details
    • $18 SF/Yr
      5,683 SF

      Colleyville Office/Medical Suites Available

      Move-in ready office/medical suites with signage and tenant improvement allowance.
      6221 Colleyville Blvd, Colleyville, TX 76034
      View Details
    • $20 SF/Yr
      1,500 SF

      Professional Office Space Available

      Professional office space with shared conference room and high-speed internet.
      1001 Glade Rd, Colleyville, TX 76034
      View Details
    • $5,000 /Mo
      19,166 SF

      Colleyville Office Space For Lease

      Modern office space with flexible layout in prime location.
      5708 Colleyville Blvd, Colleyville, TX 76034
      View Details
    • $21 SF/Yr
      2,608 SF

      Colleyville Office Space For Rent

      Office space available for lease in Colleyville, Texas.
      1201 Hall Johnson Rd, Colleyville, TX 76034
      View Details
    • Contact for pricing
      2,741 SF

      Colleyville Blvd Office Space

      Professional office space available in Colleyville, Texas.
      5301 Colleyville Blvd, Colleyville, TX 76034
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5209 Heritage Ave
    Colleyville, TX 76034
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.