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Property profile & analytics
FOR SALE
Office buildings
689 Airport Fwy Hurst, TX 76053
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-1268993
For Sale
1 / 13
$3,670,000
689 Airport Fwy, Hurst, TX 76053
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1987
Total area
20,548 SF
Lot
3.01 ac (130,985 SF)
APN
31120----1---15---20
UPID
US82-1268993
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
-
MRO Corporation Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$695k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.12M
Blend (final)
Blend
$905k
Owner & transaction history
Lcdm Investments LLC · 4 yrs held
Lcdm Investments LLC
since 2022
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 Hurst submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hurst 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
$695,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,210,000
Current use
RETAIL STORES
$1,135,000
Change: -6% · Conversion: Moderate
Blend value · Realmo final
$905k
Range $815k – $996k · ±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
$44 / 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
$28,051
Tax year 2023
Assessed value
$1,479,456
Assessed 2024
Previous assessed
$1,400,147
+5.7% YoY
Effective rate
1.90%
On assessed value
Assessed land
$667,952
Assessed improvement
$811,504
Land market value
$667,952
Improvement market value
$811,504
Total market value
$1,479,456
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
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
1987
Heating
NONE
Stories
1
Total area
20,548 SF
Lot
3.01 ac (130,985 SF)
APN
31120----1---15---20
UPID
US82-1268993
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
OFFICE BUILDING Current
Est. value
$1.2M
RETAIL STORES
Est. value
$1.1M
OFFICE BUILDING Current
RETAIL STORES
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
1987
Heating
NONE
Stories
1
Lot
3.01 ac
Current owner
From public records · entity-resolved
Lcdm Investments LLC
Entity
Mailing address
844 MOORSIDE DR #2, GLENDALE, CA 91207-1136
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 10, 2022
—
Lcdm Investments LLC
Dfl Properties Three LLC
Special Warranty Deed
$1,350,000 · Us Bank NA
Oct 15, 2019
—
Dfl Properties Three LLC
—
Deed
related
$1,209,475 · Plainscapital Bk
Aug 29, 2013
—
Dfl Properties Three LLC
Hurst Airport Freeway LP
Venders Lien
$1,525,000 · Plainscapital Bank
Jan 30, 2003
—
Weekley Homes LP
—
Grant Deed
related
$25,000,000 · Comerica Bank Texas
Mar 6, 2002
—
Hurst Airport Freeway LP
689 Airport LP
Grant Deed
related
—
—
—
Dfl Properties Three LLC
—
Loan Modification
related
$1,209,475 · Plainscapital Bk
—
—
Dfl Properties Three LLC
—
Deed Of Trust
related
$130,000 · Plainscapital Bk
—
—
Hurst Airport Freeway
—
Deed Of Trust
related
$1,230,000 · Inwood National Bank
—
—
Hurst Airport Freeway LP
—
Deed Of Trust
related
$1,037,013 · Inwood National Bank
—
—
Hurst Airport Freeway LP
—
Deed Of Trust
related
$1,062,342 · Inwood National Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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