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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1120 Park Ave Carrollton, TX 75006-4095

    • Apartment buildings
    • 92,419 SF
    • 4.21 lot acres
    OFF-MARKET
    Value Estimations
    $840,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-1945773
    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

    • A&MCARPET AND FLOOR INSTALLATION / Carpet Wholesaler

    Property Details for 1120 Park Ave

    Year built
    1973
    Construction
    FRAME
    Lot size
    4.21 lot acres
    Property size
    92,419 SF
    Zone code
    Z168
    Property type
    Apartment buildings
    APN
    14080500070150000
    APU
    14080500070150000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $995,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $688,000
      Market price range: $422k - $1.49M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $960,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Carrollton
    County
    Dallas
    State
    Texas
    Longitude
    -96.9017
    Latitude
    32.963
    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
    $184,230
    $549,880
    $8,296,270
    $8,846,150
    -
    $549,880
    $8,296,270
    $8,846,150

    Comparable in this City

    • Value Estimation
      $595,000
      20,084 SF

      1610 Belt Line Rd

      APARTMENT HOUSE (5+ UNITS) • 20,084 SF
      1610 Belt Line Rd, Carrollton, TX 75006-6360
      View Details
    • Value Estimation
      $885,000
      213,216 SF

      3525 Country Sq Dr

      APARTMENT HOUSE (5+ UNITS) • 213,216 SF
      3525 Country Sq Dr, Carrollton, TX 75006-8719
      View Details
    • Value Estimation
      $1,210,000
      158,000 SF

      3020 Country Sq Dr

      APARTMENT HOUSE (5+ UNITS) • 158,000 SF
      3020 Country Sq Dr, Carrollton, TX 75006-6799
      View Details
    • Value Estimation
      $900,000
      124,135 SF

      3430 Country Sq Dr

      APARTMENT HOUSE (5+ UNITS) • 124,135 SF
      3430 Country Sq Dr, Carrollton, TX 75006-8722
      View Details
    • Value Estimation
      $955,000
      255,627 SF

      3221 Keller Spgs Rd

      APARTMENT HOUSE (5+ UNITS) • 255,627 SF
      3221 Keller Spgs Rd, Carrollton, TX 75006-5036
      View Details
    • Value Estimation
      $830,000
      115,292 SF

      2240 Trinity Mls Rd

      APARTMENT HOUSE (5+ UNITS) • 115,292 SF
      2240 Trinity Mls Rd, Carrollton, TX 75006-7865
      View Details

    Similar Nearby for Sale

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      932 SF

      Updated Condo Near Addison Town

      Updated 2-bedroom, 2-bath condo near Addison Town Center.
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    • $530,000
      2,946 SF

      Carrollton Duplex: Dual Income Potential

      Duplex in Carrollton, TX with two units and desirable amenities.
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    • $258,500
      1,120 SF

      Charming Home with Modern Upgrades

      Well-maintained home featuring modern upgrades and a spacious backyard.
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      Carrollton Childcare Center Investment

      9,288 SF Daycare, High Potential
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    • $498,000
      2.64 Acres

      Prime Carrollton I-35E Lot

      Build Your Business Here! 2.64 Acres.
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    • Contact for pricing
      1.72 Acres

      Prime Carrollton Commercial Land

      74,836 SF, I-35E Frontage, High Traffic
      2620 Interstate 35E, Carrollton, TX 75006
      View Details

    Similar Nearby for Lease

    • $2,600 /Mo
      1,996 SF

      Spacious Townhome in Prime Location

      Three-story townhome with 3 bedrooms and 3.5 baths for rent.
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      View Details
    • Contact for pricing
      98 SF

      Carrollton Warehouse with Outside Storage

      Available warehouse space with heavy power and potential outside storage.
      1401-1407 Dunn Dr, Carrollton, TX 75006
      View Details
    • Contact for pricing
      64 SF

      Industrial Flex Space Near Airport

      Industrial flex space featuring rear loading and high-end office showroom.
      3330 Earhart Dr, Carrollton, TX 75006
      View Details
    • Contact for pricing
      73 SF

      Industrial Space Near Major Highways

      Industrial property with convenient access to I-35E, IH-635, and SH-190.
      2015 Mckenzie Dr, Carrollton, TX 75006
      View Details
    • Contact for pricing
      1,500 SF

      Office Space Available For Rent

      Office space available for rent in Carrollton, Texas.
      1735 Keller Springs Rd, Carrollton, TX 75006
      View Details
    • Contact for pricing
      33,800 SF

      Carrollton Warehouse with HVAC

      33,800 SF warehouse space featuring HVAC and dock doors.
      1850 Diplomat Dr, Carrollton, TX 75006
      View Details
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    1120 Park Ave
    Carrollton, TX 75006-4095
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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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