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Property profile & analytics
OFF-MARKET
Estimated value
$655,000
Medical Office Space
851 Hwy 287th N Mansfield, TX 76063-2634
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-3369415
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2004
Total area
10,825 SF
Lot
3.04 ac (132,597 SF)
APN
44954-2-5
UPID
US82-3369415
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
$550k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$765k
Blend (final)
Blend
$655k
Owner & transaction history
Veery Mansfield 40 LLC · 2 yrs held
Veery Mansfield 40 LLC
since 2023
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$810,000
+8.1%
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 Mansfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mansfield 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
$550,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$750,000
Current use
RETAIL STORES
$810,000
Change: +8% · Conversion: Difficult
AUTO REPAIR, GARAGE
$745,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$655k
Range $590k – $721k · ±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
$61 / 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
$52,748
Tax year 2023
Assessed value
$2,650,000
Assessed 2024
Previous assessed
$2,283,811
+16.0% YoY
Effective rate
1.99%
On assessed value
Assessed land
$1,022,920
Assessed improvement
$1,627,080
Land market value
$1,022,920
Improvement market value
$1,627,080
Total market value
$2,650,000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2004
Heating
NONE
Stories
1
Total area
10,825 SF
Lot
3.04 ac (132,597 SF)
APN
44954-2-5
UPID
US82-3369415
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
MEDICAL BUILDING Current
Est. value
$750,000
RETAIL STORES
Est. value
$810,000
AUTO REPAIR, GARAGE
Est. value
$745,000
MEDICAL BUILDING Current
RETAIL STORES
AUTO REPAIR, GARAGE
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
2004
Heating
NONE
Stories
1
Lot
3.04 ac
Current owner
From public records · entity-resolved
Veery Mansfield 40 LLC
Entity
Mailing address
4215 W LOVERS LN, DALLAS, TX 75209-2848
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 19, 2026
—
Startcap Realty LLC
—
Deed
related
$2,905,000 · Southwestern National Bank
Dec 27, 2023
—
Veery Mansfield 40 LLC
Qrs Realty Investment LLC
Special Warranty Deed
—
Nov 22, 2019
—
Qrs Realty Investment LLC
—
Deed
related
$1,778,636 · American Nat'l Bk/tx
Aug 22, 2019
—
Qrs Realty Investment LLC
—
Deed
related
$1,778,636 · American Nat'l Bk/tx
Dec 27, 2011
—
Qrs Realty Investment LLC
Hart G Klein
Venders Lien
$1,531,047 · The American National Bank Of Texas
Aug 2, 2007
—
Klein Family Trust
Crest Net Lease INC
Grant Deed
$1,300,000 · Boston Mutual Life Insurance
Nov 13, 2006
—
Crest Net Lease INC
Fire Mountain Restaurants LLC
Grant Deed
—
Jun 29, 2004
—
Fire Mountain Restaurants INC
Wal-mart Stores Texas LP
Grant Deed
related
—
Jan 24, 2003
—
Wal-mart Texas LP
Wal-mart Stores East INC
Quit Claim Deed
related
—
—
—
Fire Mountain Restaurants LLC
—
Deed Of Trust
related
—
—
—
Qrs Realty Investment LLC
—
Loan Modification
related
$1,778,636 · American Nat'l Bk/tx
—
—
Qrs Realty Investment LLC
—
Deed Of Trust
related
$1,778,636 · American Nat'l Bk/tx
—
—
Gdr Texas Investments Ltd
—
Deed Of Trust
related
$625,000 · Southwest 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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