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Property profile & analytics
OFF-MARKET
Estimated value
$5,355,000
Distribution centers
601 Westport Pkwy Grapevine, TX 76051-6750
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US83-4146891
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2001
Total area
459,848 SF
Lot
25.39 ac (1,106,076 SF)
APN
46282A-2-1
UPID
US83-4146891
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
-
RPM Expedite - Oversize Load Heavy Haul Trucking Company Logistics Company Freight Service
-
PanalPina Freight Service Logistics Company
-
ROI Marketing Services Inc Warehouse & Storage
-
Bjornstad Construction Supply Production Facility Building Supply
-
T.D. Williamson Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.36M
Owner & transaction history
B10 Dfw Iac Owner · 1 yrs held
B10 Dfw Iac Owner
since 2024
6 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 Grapevine submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grapevine 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
$12 / 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
$408,579
Tax year 2023
Assessed value
$25,751,488
Assessed 2024
Previous assessed
$24,371,944
+5.7% YoY
Effective rate
1.59%
On assessed value
Assessed land
$4,147,822
Assessed improvement
$21,603,666
Land market value
$4,147,822
Improvement market value
$21,603,666
Total market value
$25,751,488
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2001
Heating
NONE
Cooling
YES
Stories
1
Total area
459,848 SF
Lot
25.39 ac (1,106,076 SF)
APN
46282A-2-1
UPID
US83-4146891
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
2001
Heating
NONE
Cooling
Yes
Stories
1
Lot
25.39 ac
Current owner
From public records · entity-resolved
B10 Dfw Iac Owner
Individual
Mailing address
9 W 57TH ST FL, NEW YORK, NY 10019-2701
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 16, 2024
—
B10 Dfw Iac Owner
Platinum Owner Tx LLC
Special Warranty Deed
—
Dec 23, 2020
—
Platinum Owner Tx LLC
—
Deed
related
$695,000,000 · Barclays Capital Real Estate INC
Aug 22, 2005
—
Thomas L Cheatham
International Mercantile INC
Warranty Deed
$142,375 · Realnet Financial
Jun 7, 2005
—
Aust-grapevine 22 LLC
Egl Texas Partners
Grant Deed
related
—
—
—
International Arpt Center INC
—
Deed Of Trust
related
$12,200,000 · Prudential Insurance Co Americ
—
—
International Arpt Center
—
Deed Of Trust
related
$11,000,000 · State Farm Life Insurance Co
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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