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Property profile & analytics
OFF-MARKET
Estimated value
$1,715,000
Distribution centers
620 Westport Pkwy Grapevine, TX 76051-6723
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US83-4002354
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1999
Total area
125,273 SF
Lot
10.86 ac (472,844 SF)
APN
46282A-1-2
UPID
US83-4002354
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
-
Hazen Transport Trucking Company
-
Schneider Dropyard - Grapevine Trucking Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.72M
Owner & transaction history
Platinum Owner Tx LLC · 5 yrs held
Platinum Owner Tx LLC
since 2020
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 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
$14 / 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
$106,579
Tax year 2023
Assessed value
$6,835,975
Assessed 2024
Previous assessed
$6,357,488
+7.5% YoY
Effective rate
1.56%
On assessed value
Assessed land
$2,364,220
Assessed improvement
$4,471,755
Land market value
$2,364,220
Improvement market value
$4,471,755
Total market value
$6,835,975
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
1999
Heating
NONE
Stories
2
Total area
125,273 SF
Lot
10.86 ac (472,844 SF)
APN
46282A-1-2
UPID
US83-4002354
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
1999
Heating
NONE
Stories
2
Lot
10.86 ac
Current owner
From public records · entity-resolved
Platinum Owner Tx LLC
Entity
Free & Clear · 5 yrs held
Mailing address
1800 WAZEE ST, DENVER, CO 80202-1577
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 25, 2020
—
Platinum Owner Tx LLC
International Airport Ctr INC
Grant Deed
related
—
Mar 3, 2014
—
Ktr Dfw I LLC
Jsc Of Tprf Tai Grapevine LLC
Grant Deed
—
Mar 1, 2013
—
Jsc Of Tprf Tai Grapevine LLC
Aust-grapevine 24 LLC
Grant Deed
—
Feb 11, 2010
—
Aust-grapevine I LLC
—
Deed Of Trust
related
$7,345,302 · State Farm Life Insurance Co
Mar 18, 2008
—
Aust-grapevine 25 LLC
Aust-grapevine 11 LLC
Quit Claim Deed
$7,767,545 · State Farm Life Insurance Co
Jul 26, 2005
—
Aust-grapevine 25 LLC
Egl Texas Partners
Grant Deed
—
Jul 13, 2005
—
Aust-grapevine 23 LLC
Egl Texas Partners
Grant Deed
—
Jun 7, 2005
—
Aust-grapevine 21 LLC
Egl Texas Partners
Grant Deed
—
Jun 2, 2005
—
Aust-grapevine 17 LLC
Egl Texas Partners
Grant Deed
—
May 9, 2005
—
Aust-grapevine 16 LLC
Egl Texas Partners
Grant Deed
—
May 2, 2005
—
Aust-grapevine 15 LLC
Egl Texas Partners
Grant Deed
$8,283,474 · State Farm Life Insurance Co
Mar 29, 2005
—
Aust-grapevine 7 LLC
Egl Texas Partners
Grant Deed
—
Feb 16, 2005
—
Aust-grapevine 4 LLC
Egl Texas Partners
Grant Deed
—
Nov 15, 2002
—
Egl Texas Partners LP
Asset Xvi Holdigns Co LLC
Grant Deed
$8,675,000 · State Farm Life Insurance Co
—
—
Jsc Of Tprf Tai Grapevine LLC
—
Deed Of Trust
related
$2,630,000 · J P Morgan Chase Bank
—
—
Jsc Of Tprf Tai Grapevine LLC
—
Deed Of Trust
related
$3,720,000 · J P Morgan Chase Bank
—
—
Aust-grapevine 1 LLC
—
Deed Of Trust
related
$5,681,846 · 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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