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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Apartment buildings
117 Bowser Rd Richardson, TX 75081-6424
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US82-3874599
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1963
Construction
FRAME
Total area
18,446 SF
Lot
0.96 ac (42,020 SF)
Zoning code
Z09
APN
42149500020050000
UPID
US82-3874599
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
-
Villa D'Este Apartments Apartment Building
-
Hennco Innovations, LLC Business Networking Company
-
High Oaks East and West Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$625k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$426k
Blend (final)
Blend
$525k
Owner & transaction history
North Texas Fam Prop 2 LLC · 7 yrs held
North Texas Fam Prop 2 LLC
since 2018
6 recorded transactions
Zoning & alternative use
Z09 · Richardson, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$850,000
+91.5%
Commercial (general)
$670,000
+51.8%
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 Richardson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Richardson 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
$625,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$445,000
Current use
WAREHOUSE, STORAGE
$850,000
Change: +92% · Conversion: Difficult
COMMERCIAL (GENERAL)
$670,000
Change: +52% · Conversion: Moderate
Blend value · Realmo final
$525k
Range $473k – $578k · ±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
$28 / 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
$55,108
Tax year 2023
Assessed value
$2,450,000
Assessed 2023
Previous assessed
$2,450,000
+0.0% YoY
Effective rate
2.25%
On assessed value
Assessed land
$168,080
Assessed improvement
$2,281,920
Land market value
$168,080
Improvement market value
$2,281,920
Total market value
$2,450,000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1963
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
35
Total area
18,446 SF
Lot
0.96 ac (42,020 SF)
Zoning code
Z09
APN
42149500020050000
UPID
US82-3874599
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z09 · Richardson, TX
Zoning Z09 · permitted uses
Z09 · Richardson, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Richardson. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$445,000
WAREHOUSE, STORAGE
Est. value
$850,000
COMMERCIAL (GENERAL)
Est. value
$670,000
APARTMENT HOUSE (5+ UNITS) Current
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
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
1963
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
35
Lot
0.96 ac
Current owner
From public records · entity-resolved
North Texas Fam Prop 2 LLC
Entity
Mailing address
PO BOX 271293, FLOWER MOUND, TX 75027-1293
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 11, 2018
—
North Texas Fam Prop 2 LLC
Holdings Strategic Trust
Trustees Deed
$3,930,000 · Red Mtg Cap
Nov 8, 2018
—
Strategic Holdings Trust
Deste Villa Trust
Warranty Deed
related
—
Aug 6, 2018
$1,110,000
Strategic Holdings Trust
Villa Deste Trust
Grant Deed
related
—
Jul 5, 2013
—
Deste,villa Trust
Northfork Investments Ltd
Quit Claim Deed
—
Sep 20, 2006
—
Northfork Investments Ltd
Kennedy,janet C
Grant Deed
$1,325,000 · Imperial Capital Bank
Jan 4, 2005
—
Janet Kennedy
Ville Deste Apartments
Grant Deed
$777,000 · World Savings
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.
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