Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    763 Lamar Blvd Arlington, TX 76012-2010

    • Grocery and convenience stores
    • 3,111 SF
    • 0.72 lot acres
    OFF-MARKET
    Last Sale
    Feb 17, 2022
    Value Estimations
    $355,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-1318640
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Gulf / Gas Station
    • Lamar Food Mart / Convenience Store
    • Taqueria El Taco / Restaurant
    • Western Union / Money Transfer Service / Money Order Service
    • ATM (ATM Link, Inc.) / Atm

    Property Details for 763 Lamar Blvd

    Year built
    1996
    Lot size
    0.72 lot acres
    Property size
    3,111 SF
    Property type
    Grocery and convenience stores
    APN
    16305-8R-3A
    APU
    163058R3A

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $360,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $267,000
      Market price range: $267k - $450k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Arlington
    County
    Tarrant
    State
    Texas
    Longitude
    -97.1156
    Latitude
    32.7607
    CBSA code
    19100
    CBSA name
    DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $14,657
    $344,520
    $323,016
    $667,536
    -
    $344,520
    $323,016
    $667,536

    Comparable in this City

    • Value Estimation
      $860,000
      67,315 SF

      945 Lamar Blvd

      GROCERY, SUPERMARKET • 67,315 SF
      945 Lamar Blvd, Arlington, TX 76012-2014
      View Details
    • Value Estimation
      $270,000
      2,398 SF

      2001 Sanford St

      CONVENIENCE STORE (W/FUEL PUMP) • 2,398 SF
      2001 Sanford St, Arlington, TX 76012
      View Details
    • Value Estimation
      $325,000
      1,248 SF

      1606 Randol Ml Rd

      CONVENIENCE STORE (W/FUEL PUMP) • 1,248 SF
      1606 Randol Ml Rd, Arlington, TX 76012-3119
      View Details
    • Value Estimation
      $310,000
      3,860 SF

      2809 Grn Oaks Blvd

      CONVENIENCE STORE (W/FUEL PUMP) • 3,860 SF
      2809 Grn Oaks Blvd, Arlington, TX 76012-2164
      View Details
    • Value Estimation
      $325,000
      2,501 SF

      1141 Division St

      CONVENIENCE STORE (W/FUEL PUMP) • 2,501 SF
      1141 Division St, Arlington, TX 76012-3917
      View Details
    • Value Estimation
      $285,000
      7,307 SF

      3401 Division St

      CONVENIENCE STORE (W/FUEL PUMP) • 7,307 SF
      3401 Division St, Arlington, TX 76012-3434
      View Details

    Similar Nearby for Sale

    • New
      $449,500
      0.27 Acres

      Arlington Commercial Property for Sale

      Versatile commercial property suitable for office, retail, or service business.
      1012 W Division St, Arlington, TX 76012
      View Details
    • $6,144,000
      14,513 SF

      Retail Property with Long-Term Tenant

      Retail property occupied by Walgreens since 2002 with options.
      1116 W Lamar Blvd, Arlington, TX 76012
      View Details
    • $399,999
      0.10 Acres

      Arlington Duplex Near UTA

      Duplex near UTA with updated systems and tenant in place.
      2040 Oakwood Ct, Arlington, TX 76012
      View Details
    • $319,995
      2,070 SF

      Renovated Arlington Home with Modern Design

      Fully renovated Arlington home featuring modern design and private outdoor space.
      2208 Winter Sunday Way, Arlington, TX 76012
      View Details
    • $285,900
      0.16 Acres

      Arlington Duplex Near Fort Worth

      Duplex with two units near highways and downtown Fort Worth.
      1907 Nolen Ct, Arlington, TX 76012
      View Details
    • Contact for pricing

      Commercial Land on Magnolia Street

      1.94-acre commercial land parcel available for sale.
      1006 Magnolia St, Arlington, TX 76012
      View Details

    Similar Nearby for Lease

    • $4,500 /Mo
      6,543 SF

      Retail Space in Arlington, TX

      Retail space available for lease in Arlington, Texas.
      2821 W Division St, Arlington, TX 76012
      View Details
    • Contact for pricing
      1,425 SF

      Retail Space in Arlington, TX

      Renovated retail space with high traffic and excellent demographics.
      1618-1664 W Randol Mill Rd, Arlington, TX 76012
      View Details
    • Contact for pricing
      1,425 SF

      Retail Space in Arlington, TX

      Renovated retail space with high traffic and excellent demographics.
      1608-1616 W Randol Mill Rd, Arlington, TX 76012
      View Details
    • Contact for pricing
      4,600 SF

      Retail/Restaurant Space Near Whole Foods

      Retail and restaurant spaces available near Whole Foods.
      803-841 E Lamar Blvd, Arlington, TX 76012
      View Details
    • Contact for pricing
      67,884 SF

      Crossroads North: Retail & Restaurant Space

      Arlington, TX retail center: prime location, multiple suites available.
      0 Arlington Tx, Arlington, TX 76012
      View Details
    • Contact for pricing
      873 SF

      Prime Arlington Retail Pad

      Former Chase Bank, High-Traffic Location
      745 Lamar Blvd, Arlington, TX 76012
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    763 Lamar Blvd
    Arlington, TX 76012-2010
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.