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Property profile & analytics
OFF-MARKET
Medical Office Space
5539 Lk Rdg Pkwy Grand Prairie, TX 75052-8515
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US82-5515359
Property summary
AI-generated overview
This exceptional 37,548 square foot commercial land parcel is ideally situated at 5539 Lake Ridge Pkwy, Grand Prairie, Texas, 75052, in Tarrant County. Zoned PD-267A General Retail, this property offers unparalleled visibility due to its frontage on a major roadway and shared entrance with established businesses. The location benefits from high traffic counts and exposure to a substantial customer base. Surrounded by numerous residential neighborhoods and conveniently located minutes from a popular lake, this site presents a unique opportunity for a variety of commercial ventures. The city's PD-267A zoning specifically permits commercial office development. For precise location, the property is west of a dental office and north of a daycare center. Offered at $318,000, this is a remarkable investment opportunity in a thriving Texas market. The current ownership is Wiesse Professional Bldg LLC.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2011
Lot
0.86 ac (37,549 SF)
APN
23213G-A-3
UPID
US82-5515359
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
Wiesse Prof Building LLC · 8 yrs held
Wiesse Prof Building LLC
since 2018
1 recorded transaction
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 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
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
$4,771
Tax year 2023
Assessed value
$206,520
Assessed 2024
Previous assessed
$206,520
+0.0% YoY
Effective rate
2.31%
On assessed value
Assessed land
$206,520
Land market value
$206,520
Total market value
$206,520
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2011
Heating
NONE
Lot
0.86 ac (37,549 SF)
APN
23213G-A-3
UPID
US82-5515359
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
2011
Heating
NONE
Lot
0.86 ac
Current owner
From public records · entity-resolved
Wiesse Prof Building LLC
Entity
Mailing address
5535 LK RDG PKWY, GRAND PRAIRIE, TX 75052-8515
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 9, 2018
—
Wiesse Prof Building LLC
—
Grant Deed
related
$1,028,500 · First Citizens Bk
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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