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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Car washes
8616 Davis Blvd North Richland Hills, TX 76182-8301
Trust Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US83-3715084
Property profile
Verified
Property type
Car washes
Use group
CAR WASH - AUTOMATED
Year built
2022
Total area
3,708 SF
Lot
1.38 ac (60,243 SF)
APN
15255F-1-1R
UPID
US83-3715084
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
$415k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$659k
Blend (final)
Blend
$535k
Owner & transaction history
Renegade Realty Trust LLC · 3 yrs held
Renegade Realty Trust LLC
since 2022
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$560,000
+33.9%
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 North Richland Hills submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North 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
Method
Estimation
Statistic approach
by Request
ML approach
$415,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$415,000
Current use
COMMERCIAL (GENERAL)
$560,000
Change: +34% · Conversion: Moderate
OFFICE BUILDING
$335,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$535k
Range $482k – $589k · ±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
$144 / 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
$41,778
Tax year 2023
Assessed value
$2,022,165
Assessed 2024
Previous assessed
$2,010,442
+0.6% YoY
Effective rate
2.07%
On assessed value
Assessed land
$978,624
Assessed improvement
$1,043,541
Land market value
$978,624
Improvement market value
$1,043,541
Total market value
$2,022,165
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
Car washes
Use group
CAR WASH - AUTOMATED
Status
Off-Market
Year built
2022
Heating
NONE
Stories
1
Total area
3,708 SF
Lot
1.38 ac (60,243 SF)
APN
15255F-1-1R
UPID
US83-3715084
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
AUTO REPAIR, GARAGE Current
Est. value
$415,000
COMMERCIAL (GENERAL)
Est. value
$560,000
OFFICE BUILDING
Est. value
$335,000
AUTO REPAIR, GARAGE Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
2022
Heating
NONE
Stories
1
Lot
1.38 ac
Current owner
From public records · entity-resolved
Renegade Realty Trust LLC
Trust
Free & Clear · 3 yrs held
Mailing address
2436 N FEDERAL HWY #181, POMPANO BEACH, FL 33064-6854
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 10, 2022
—
Renegade Realty Trust LLC
Twas Davis Boulevard Tx LLC
Special Warranty Deed
—
Oct 25, 2007
—
7-eleven INC
Barneys Rubble Investments
Warranty Deed
—
Apr 3, 2006
—
Park Of Wall
Makens,james M
Grant Deed
related
—
—
—
Vre Davis LLC
—
Loan Modification
related
$806,000 · Ciera Bk
—
—
Vre Davis LLC
—
Loan Modification
related
$805,613 · Ciera Bk
—
—
Vre Davis LLC
—
Loan Modification
related
$721,776 · Ciera Bk
—
—
Vre Davis LLC
—
Loan Modification
related
$805,613 · Ciera Bk
—
—
Vre Davis LLC
—
Deed Of Trust
related
—
—
—
Vre Davis LLC
—
Loan Modification
related
$785,729 · Ciera Bk
—
—
Vre Davis LLC
—
Loan Modification
related
$764,220 · Ciera Bk
—
—
Verdad Stnl LLC
—
Loan Modification
related
$4,475,000 · Ciera Bk
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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