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    Property profile & analytics

    1 Tranquility Ln Rowlett, TX 75089

    • Apartment buildings
    • 165,914 SF
    • 5.15 lot acres
    OFF-MARKET
    Value Estimations
    $6,790,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-6548254
    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

    • Apartment buildings

    Property Details for 1 Tranquility Ln

    Year built
    2018
    Construction
    FRAME
    Lot size
    5.15 lot acres
    Property size
    165,914 SF
    Property type
    Apartment buildings
    APN
    442064500B0010000
    APU
    442064500B0010000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $7,670,000
      Current use
      WAREHOUSE, STORAGE
      $9,730,000
      Change: +27% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Rowlett
    County
    Dallas
    State
    Texas
    Longitude
    -96.5663
    Latitude
    32.9474
    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
    2023
    $908,624
    $785,780
    $38,568,260
    $39,354,040
    -
    $785,780
    $38,568,260
    $39,354,040

    Comparable in this City

    • Value Estimation
      $10,820,000
      250,602 SF

      11010 Harmony Hl Ln

      APARTMENT HOUSE (5+ UNITS) • 250,602 SF
      11010 Harmony Hl Ln, Rowlett, TX 75089-0136
      View Details
    • Value Estimation
      $2,325,000
      61,782 SF

      3 Hope Dr

      APARTMENT HOUSE (5+ UNITS) • 61,782 SF
      3 Hope Dr, Rowlett, TX 75089
      View Details
    • Value Estimation
      $2,360,000
      65,518 SF

      2 Tranquility Ln

      APARTMENT HOUSE (5+ UNITS) • 65,518 SF
      2 Tranquility Ln, Rowlett, TX 75089
      View Details
    • Value Estimation by Request
      3,400 SF

      133 Kathlyn Ln

      APARTMENT HOUSE (5+ UNITS) • 3,400 SF
      133 Kathlyn Ln, Rowlett, TX 75089-2313
      View Details
    • Value Estimation by Request
      4.00 Acres

      & President George Bush Tollway Shady Ln

      Land • 4.00 Acres
      & President George Bush Tollway Shady Ln, Rowlett, TX 75089
      View Details
    • Value Estimation by Request
      30.05 Acres

      9351 Merritt Rd

      VACANT COMMERCIAL LAND • 30.05 Acres
      9351 Merritt Rd, Rowlett, TX 75089-9056
      View Details

    Similar Nearby for Sale

    • $1,600,000
      4.65 Acres

      Rowlett Land in High-Growth Corridor

      4.65 acres in a desirable, fast-growing mixed-use district.
      8614 Merritt Rd, Rowlett, TX 75089
      View Details
    • $995,000
      2.07 Acres

      Lakefront Treed Land in Rowlett

      2+ acre lakefront property on Lake Ray Hubbard.
      6819 Chiesa Rd, Rowlett, TX 75089
      View Details
    • $169,900
      0.75 Acres

      Land on President George Bush Turnpike

      0.747 acre land parcel on President George Bush Turnpike.
      6009 President George Bush Hwy, Rowlett, TX 75089
      View Details
    • $800,000
      3.99 Acres

      Rowlett Land with Tollway Frontage

      Hard corner lot in developing suburban market with utilities access.
      5901 President George Bush Hwy, Rowlett, TX 75089
      View Details
    • $400,000
      2.16 Acres

      Prime 2.16-Acre Commercial Land Parcel

      Highly visible Rowlett, Texas land parcel with mixed-use development potential.
      8701 Liberty Grove Rd, Rowlett, TX 75089
      View Details
    • $995,000
      1.65 Acres

      Rowlett Commercial Land For Sale

      Expansive commercial land approved for hotel development in Rowlett, TX.
      7909 Liberty Grove Rd, Rowlett, TX 75089
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,125 SF

      Rowlett Office Space Available

      Office space available for rent in Rowlett, Texas.
      8112 Liberty Grove Rd, Rowlett, TX 75089
      View Details
    • $85,000
      49,658 SF

      Established Retail Business Opportunity

      Turnkey Western retail store for sale with existing inventory.
      5900 Rowlett Rd, Rowlett, TX 75089
      View Details
    • Contact for pricing
      2,316 SF

      Lakeview Parkway Medical/Office Space

      New medical/office space available for lease near President G. Bush Turnpike.
      6842 Lakeview Cir, Rowlett, TX 75089
      View Details
    • Contact for pricing
      2,414 SF

      Retail Space in Rowlett Center

      Retail space available at major intersection with highway visibility.
      5601 President George Bush Hwy, Rowlett, TX 75089
      View Details
    • Contact for pricing
      4,900 SF

      Retail Space in Rowlett, Texas

      Retail space anchored by Tom Thumb in Rowlett, Texas.
      8809 Dalrock Rd, Rowlett, TX 75089
      View Details
    • Contact for pricing
      416 SF

      Rowlett Office Space Available

      Office space available for rent in Rowlett, Texas.
      5501 Gordon Smith Dr, Rowlett, TX 75089
      View Details
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    1 Tranquility Ln
    Rowlett, TX 75089
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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