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Property profile & analytics
FOR SALE
Commercial real estate
94 N State Highway 205 Terrell, TX 75160
Entity Owned
13-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US83-2729860
For Sale
1 / 16
$1,100,000
94 N State Highway 205, Terrell, TX 75160
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1999
Total area
3,840 SF
Lot
0.45 ac (19,458 SF)
APN
00.3135.0001.0002.00.06.06
UPID
US83-2729860
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
$375k
CAP Approach
CAP
$610k
Comparable Approach
Comparable
$564k
Blend (final)
Blend
$585k
Owner & transaction history
Rockwall Rental Properties LP · 13 yrs held
Rockwall Rental Properties LP
since 2013
7 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 Terrell submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Terrell 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
$375,000
CAP Approach
CAP Return
Estimation
6%
$660,000
6.5%
$610,000
7%
$565,000
Blend value · Realmo final
$585k
Range $527k – $644k · ±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
$11,657
Tax year 2023
Assessed value
$475,000
Assessed 2024
Previous assessed
$495,000
-4.0% YoY
Effective rate
2.45%
On assessed value
Assessed land
$252,955
Assessed improvement
$222,045
Land market value
$252,955
Improvement market value
$222,045
Total market value
$475,000
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
For Sale
Year built
1999
Heating
NONE
Stories
1
Total area
3,840 SF
Lot
0.45 ac (19,458 SF)
APN
00.3135.0001.0002.00.06.06
UPID
US83-2729860
Jurisdiction
KAUFMAN
Metro division
DALLAS-PLANO-IRVING, 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
1999
Heating
NONE
Stories
1
Lot
0.45 ac
Current owner
From public records · entity-resolved
Rockwall Rental Properties LP
Entity
Mailing address
1608 W MOORE AVEB, TERRELL, TX 75160-2308
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 6, 2013
—
Rockwall Rental Properties LP
First National Bank Of Burleson
Venders Lien
$420,000 · The American National Bank Of Texas
Apr 13, 2011
$608,158
First Natl Bk Of Burleson
Higgins,gregory W
Trustees Deed
related
—
Jan 28, 2008
—
Risab & Riti INC
Kwik Industries INC
Warranty Deed
$545,000 · Kwik Industries INC
Jul 3, 2007
—
Kwik Industries INC
Business Loan Center
Grant Deed
—
Apr 9, 2007
$431,146
Business Loan Center LLC
Grimes,phillip
Trustees Deed
related
—
Feb 1, 2005
—
Lias Mgmt INC
Kwik Industries INC
Venders Lien
$1,124,000 · Business Loan Center LLC
Apr 13, 2004
—
Kwik Industries INC
Jtbm INC
Warranty Deed
related
—
—
—
Lias Management INC
—
Deed Of Trust
related
$34,375 · Tax Ease Funding LP
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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