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Property profile & analytics
OFF-MARKET
Office buildings
7240 Glenview Dr, Richland Hills, TX 76180-8612
Trust Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-3940040
Property summary
AI-generated overview
This exceptional single-story commercial building, located at 7240 Glenview Drive in Richland Hills, Texas, offers 2,522 square feet of versatile space currently configured as a retail and office space. Situated on a 17,000 square foot lot, the property boasts excellent visibility on Glenview Drive. The interior features a large open area, several sizable rooms suitable for offices or retail use, and numerous additional offices in the rear. The building includes two central air conditioning units, a mix of wood and laminate flooring, a small kitchen, and one restroom. A small storage building is also located on the property. Convenient washer/dryer hookups and a mop sink are included. Adequate parking is available on-site, with additional parking located at the rear of the building. The property is zoned for Professional Office Corridor Specific Use
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1951
Total area
2,522 SF
Lot
0.39 ac (16,997 SF)
APN
34090-19-11
UPID
US82-3940040
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
Buschbaum,d & Buschbuam Trust · 6 yrs held
Buschbaum,d & Buschbuam Trust
since 2020
4 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 Richland Hills submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Richland Hills 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
$4,432
Tax year 2023
Assessed value
$199,000
Assessed 2024
Previous assessed
$199,000
+0.0% YoY
Effective rate
2.23%
On assessed value
Assessed land
$85,000
Assessed improvement
$114,000
Land market value
$85,000
Improvement market value
$114,000
Total market value
$199,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1951
Heating
NONE
Stories
1
Total area
2,522 SF
Lot
0.39 ac (16,997 SF)
APN
34090-19-11
UPID
US82-3940040
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
1951
Heating
NONE
Stories
1
Lot
0.39 ac
Current owner
From public records · entity-resolved
Buschbaum,d & Buschbuam Trust
Trust
Free & Clear · 6 yrs held
Mailing address
4537 PHILLIP CT, BENBROOK, TX 76116-7673
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 15, 2020
—
Buschbaum,d & Buschbuam Trust
L Sue Ratliff INC
Warranty Deed
—
—
—
L Sue Ratliff INC
—
Deed Of Trust
related
$16,601 · Liberty Bank
—
—
L Sue Ratliff INC
—
Deed Of Trust
related
$43,506 · Liberty Bank
—
—
L Sue Ratliff INC
—
Deed Of Trust
related
$58,783 · Liberty 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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