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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Medical Office Space
660 Southlake Blvd Southlake, TX 76092-6069
Entity Owned
1-yr Hold
Free & Clear
Property ID
US82-3524047
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2005
Total area
8,673 SF
Lot
0.84 ac (36,373 SF)
APN
16755--12
UPID
US82-3524047
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
$510k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$531k
Blend (final)
Blend
$520k
Owner & transaction history
Olivia Hope Residential Properties · 1 yrs held
Olivia Hope Residential Properties
since 2024
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$840,000
+36.9%
Retail stores
$650,000
+5.7%
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 Southlake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Southlake 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
$510,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$615,000
Current use
RESTAURANT
$840,000
Change: +37% · Conversion: Difficult
RETAIL STORES
$650,000
Change: +6% · Conversion: Difficult
OFFICE BUILDING
$530,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$520k
Range $468k – $572k · ±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
$60 / 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
$35,542
Tax year 2023
Assessed value
$2,025,000
Assessed 2024
Previous assessed
$1,950,000
+3.8% YoY
Effective rate
1.76%
On assessed value
Assessed land
$418,290
Assessed improvement
$1,606,710
Land market value
$418,290
Improvement market value
$1,606,710
Total market value
$2,025,000
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
2005
Heating
NONE
Stories
1
Total area
8,673 SF
Lot
0.84 ac (36,373 SF)
APN
16755--12
UPID
US82-3524047
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
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$615,000
RESTAURANT
Est. value
$840,000
RETAIL STORES
Est. value
$650,000
OFFICE BUILDING
Est. value
$530,000
MEDICAL BUILDING Current
RESTAURANT
RETAIL STORES
OFFICE BUILDING
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
2005
Heating
NONE
Stories
1
Lot
0.84 ac
Current owner
From public records · entity-resolved
Olivia Hope Residential Properties
Entity
Free & Clear · 1 yrs held
Mailing address
660 W SOUTHLAKE BLVD, SOUTHLAKE, TX 76092-6069
Mailing matches property
Yes
Owner-occupied
Yes
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
Nov 25, 2024
—
Olivia Hope Residential Properties
Energy Vault Ag47 LLC
Warranty Deed
—
Oct 5, 2023
—
Energy Vault Ag47 LLC
William H Fleazley III
Correction Deed
related
$1,960,000 · Silver Hill Financial LLC
Aug 30, 2019
—
Energy Vault Ag47 LLC
—
Deed
related
$1,822,800 · Texas Brand Bk
Aug 21, 2014
—
Energy Vault A47 LLC
Southlake Shady Oaks Buildings 1 3
Venders Lien
$1,822,800 · Texas Brand Bank
Jul 31, 2008
—
Bamt Property Mngmt Co LLC
Owner Name Unavailable
Grant Deed
related
—
—
—
Energy Vault Ag47 LLC
—
Loan Modification
related
$1,822,800 · Texas Brand 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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