New search
Property profile & analytics
OFF-MARKET
Estimated value
$2,295,000
Office buildings
8845 Davis Blvd 5 Keller, TX 76248-0390
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-1537908
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2008
Total area
15,102 SF
Lot
1.88 ac (81,719 SF)
APN
17899N-A-5
UPID
US82-1537908
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
Current use
Occupant on record · Public records
-
Lewisville Pharmacy Pharmacy
-
Helical Health & Niraj Mehta, D.O. Physician
-
Skin Healthy Medspa and Wellness Center Spa & Massage Center Alternative Medicine Practice
-
Our House Your Home Construction Company General Contractor
-
Liggett Vector Brands (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.04M
Blend (final)
Blend
$2.30M
Owner & transaction history
Cartus Financial Corporation · 3 yrs held
Cartus Financial Corporation
since 2022
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.4M
+12.1%
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 Keller submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Keller 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,105,000
Current use
COMMERCIAL (GENERAL)
$2,360,000
Change: +12% · Conversion: Easy
RESTAURANT
$1,750,000
Change: -17% · Conversion: Moderate
Blend value · Realmo final
$2.30M
Range $2.07M – $2.52M · ±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
$152 / 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
$60,023
Tax year 2023
Assessed value
$3,191,760
Assessed 2024
Previous assessed
$3,158,000
+1.1% YoY
Effective rate
1.88%
On assessed value
Assessed land
$817,180
Assessed improvement
$2,374,580
Land market value
$817,180
Improvement market value
$2,374,580
Total market value
$3,191,760
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2008
Heating
NONE
Stories
1
Total area
15,102 SF
Lot
1.88 ac (81,719 SF)
APN
17899N-A-5
UPID
US82-1537908
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
OFFICE BUILDING Current
Est. value
$2.1M
COMMERCIAL (GENERAL)
Est. value
$2.4M
RESTAURANT
Est. value
$1.8M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
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
2008
Heating
NONE
Stories
1
Lot
1.88 ac
Current owner
From public records · entity-resolved
Cartus Financial Corporation
Entity
Free & Clear · 3 yrs held
Mailing address
3311 OAK LAWN AVE STE #250, DALLAS, TX 75219-4298
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 4, 2022
—
Cartus Financial Corporation
Otis R Thomas
Warranty Deed
—
Dec 19, 2012
—
Centra Hidden Lakes LLC
—
Deed Of Trust
related
$2,193,541 · Centra Mtg Fin Ltd
Apr 6, 2011
—
Centra Hidden Lakes LLC
Rcp Hidden Lakes Ltd
Warranty Deed
—
Jan 22, 2010
—
Rcp Hidden Lakes Ltd
—
Deed Of Trust
related
$3,721,173 · Southwest Securities Bank
Jun 30, 2008
—
Southwest Securities Fsb
Rcp Hidden Lakes Ltd
Grant Deed
related
—
—
—
Rcp Hidden Lakes Ltd
—
Deed Of Trust
related
$3,721,173 · Southwest Securities Bank
—
—
Centra Mortgage Finance Ltd
—
Loan Modification
related
$1,680,877 · Wells Fargo Bk/tx
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 8845 Davis Blvd, Unit 5?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
