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Property profile & analytics
OFF-MARKET
Commercial real estate
802 3rd St Grandview, TX 76050-2306
Entity Owned
20-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-4244019
Property summary
AI-generated overview
Exceptional investment opportunity: Elk Creek Estates, a 33-unit mobile home park situated on 6.37 acres in Grandview, Texas (76050), offers significant potential. Built in 1975, this property boasts city utilities and is zoned MH. Over half of the homes are 2019 or newer, reflecting recent resident investment. Significant improvements were completed in 2022, including major asphalt road upgrades, new concrete walkways to resident doors, and improved drainage culverts. An additional 1.5 acres provides room for expansion, although current zoning doesn't permit it. However, a completed engineering plan for 16 additional sites is available to the buyer at closing. Located in the southern Fort Worth area of the Dallas-Fort Worth Metroplex, this park benefits from the region's robust growth
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1975
Total area
1,120 SF
Lot
5.25 ac (228,690 SF)
APN
126.3265.01060
UPID
US82-4244019
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
Churchill Ranch Properties LLC · 20 yrs held
Churchill Ranch Properties LLC
since 2005
3 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 Grandview submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grandview 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 2018Property tax & assessments
Tax year 2018
Tax billed
$2,442
Tax year 2018
Assessed value
$361,438
Assessed 2023
Previous assessed
$361,438
+0.0% YoY
Effective rate
0.68%
On assessed value
Assessed land
$315,000
Assessed improvement
$46,438
Land market value
$315,000
Improvement market value
$46,438
Total market value
$361,438
Applied tax rate
126.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1975
Heating
NONE
Total area
1,120 SF
Lot
5.25 ac (228,690 SF)
APN
126.3265.01060
UPID
US82-4244019
Jurisdiction
JOHNSON
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
1975
Heating
NONE
Lot
5.25 ac
Current owner
From public records · entity-resolved
Churchill Ranch Properties LLC
Entity
Free & Clear · 20 yrs held
Mailing address
31550 NORTHWESTERN HWY STE #200, FARMINGTON HILLS, MI 48334-2532
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 6, 2017
—
Grandview & Keene Mhp LLC
—
Grant Deed
related
$1,200,000 · Guaranty Bk
Oct 27, 2005
—
Churchill Ranch Properties LLC
White,david B & Nancy C
Warranty Deed
related
—
Mar 4, 2004
—
David B White
Scoppa & Bingham
Warranty Deed
$122,500 · Bobbie R Scoppa
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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