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Property profile & analytics
FOR SALE
Office buildings
111 S Garland Ave Garland, TX 75040
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-4871979
For Sale
1 / 10
$1,660,000
111 S Garland Ave, Garland, TX 75040
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1965
Construction
FRAME
Total area
40,140 SF
Lot
0.97 ac (42,192 SF)
Zoning code
Z25
APN
26141900010010000
UPID
US82-4871979
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
-
Primetime Group Inc Real Estate Agency
-
Chase Mortgage Loan Service Bank
-
Chase Bank Bank Loan Service
-
Chase ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.66M
Owner & transaction history
Jpmorgan Chase Bank National Associ · 1 yrs held
Jpmorgan Chase Bank National Associ
since 2024
5 recorded transactions
Zoning & alternative use
Z25 · Garland, TX
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 Garland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Garland 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$41 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$34,146
Tax year 2024
Assessed value
$1,492,250
Assessed 2024
Previous assessed
$1,492,250
+0.0% YoY
Effective rate
2.29%
On assessed value
Assessed land
$253,150
Assessed improvement
$1,239,100
Land market value
$253,150
Improvement market value
$1,239,100
Total market value
$1,492,250
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
For Sale
Year built
1965
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
5
Total area
40,140 SF
Lot
0.97 ac (42,192 SF)
Zoning code
Z25
APN
26141900010010000
UPID
US82-4871979
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z25 · Garland, TX
Zoning Z25 · permitted uses
Z25 · Garland, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Garland. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1965
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
5
Lot
0.97 ac
Current owner
From public records · entity-resolved
Jpmorgan Chase Bank National Associ
Entity
Mailing address
1111 POLARIS PKWY1E, COLUMBUS, OH 43240-2031
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 10, 2024
—
Jpmorgan Chase Bank National Associ
The Draper Garland LLC
Lease
related
—
Dec 19, 2022
—
The Draper Garland LLC
—
Deed
related
$650,000 · Dallas Capital Bank NA
Sep 7, 2011
—
West Pioneer Management INC
—
Deed Of Trust
related
$2,400,000 · Worrell Huffines Lender LLC
Oct 22, 2009
—
West Pioneer Management INC
—
Loan Modification, Consolidation And Extension
related
$1,160,000 · American Bk/tx
Oct 25, 2006
—
West Pioneer Mgmt INC
Owner Name Unavailable
Grant Deed
related
—
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?”
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