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    Property profile & analytics

    802 3rd St Grandview, TX 76050-2306

    • Commercial real estate
    • 1,120 SF
    • 5.25 lot acres
    OFF-MARKET
    Value Estimation
    $395,000
    Location Intelligence
    Property ID
    US82-4244019
    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

    • Commercial real estate

    Property Details for 802 3rd St

    Year built
    1975
    Lot size
    5.25 lot acres
    Property size
    1,120 SF
    Property type
    Commercial real estate
    APN
    126.3265.01060
    APU
    126326501060

    Description

    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

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $350,000

    • CAP approach

      CAP return
      Estimation
      6%
      $490,000
      6.5%
      $470,000
      7%
      $525,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $475,000
      Geo Method
      $600,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $455,000
      Retail
      $520,000
      Mixed-Use
      $590,000
      Hospitality
      $485,000
      Educational
      $565,000
      Residential Income
      $580,000
      Energy
      $440,000
      Income-Based Land
      $520,000
      Food Service
      $585,000

    Location Insight

    • Map
    • Local Demand
    City
    Grandview
    County
    Johnson
    State
    Texas
    Longitude
    -97.1814
    Latitude
    32.2605
    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
    2018
    $2,442
    $315,000
    $46,438
    $361,438
    -
    $315,000
    $46,438
    $361,438

    Comparable in this City

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      7,050 SF

      1156 Us Hwy 81

      COMMERCIAL (GENERAL) • 7,050 SF
      1156 Us Hwy 81, Grandview, TX 76050
      View Details
    • Value Estimation
      $600,000
      7,020 SF

      9901 Ih35w

      COMMERCIAL (GENERAL) • 7,020 SF
      9901 Ih35w, Grandview, TX 76050
      View Details

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    Grandview, TX 76050-2306
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    Realmo Value Estimation

    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.

    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.

    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
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