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    Property profile & analytics

    1240 Pleasant Run Rd Cedar Hill, TX 75104-4102

    • Apartment buildings
    • 147,078 SF
    • 9.78 lot acres
    OFF-MARKET
    Last Sale
    Nov 02, 2020
    Value Estimations
    $5,270,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-1995343
    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

    • The Luxe at Cedar Hill / Apartment Complex
    • BenKitty Flooring Group / General Contractor / Carpet & Flooring Store
    • Carol's Publishing Company / Publishing House / Printing Service

    Property Details for 1240 Pleasant Run Rd

    Year built
    2019
    Construction
    FRAME
    Lot size
    9.78 lot acres
    Property size
    147,078 SF
    Zone code
    Z360
    Property type
    Apartment buildings
    APN
    160297500A0010000
    APU
    160297500A0010000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $6,800,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $6,935,000
      Change: +2% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Hill
    County
    Dallas
    State
    Texas
    Longitude
    -96.9129
    Latitude
    32.6027
    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
    $670,813
    $852,210
    $28,007,790
    $28,860,000
    -
    $852,210
    $28,007,790
    $28,860,000

    Comparable in this City

    • Value Estimation
      $6,320,000
      184,856 SF

      720 Joe Wilson Rd

      APARTMENT HOUSE (5+ UNITS) • 184,856 SF
      720 Joe Wilson Rd, Cedar Hill, TX 75104-6134
      View Details
    • Value Estimation
      $1,185,000
      32,000 SF

      151 Little Crk Rd

      APARTMENT HOUSE (5+ UNITS) • 32,000 SF
      151 Little Crk Rd, Cedar Hill, TX 75104-3329
      View Details
    • Value Estimation
      $750,000
      15,432 SF

      315 Cedar St

      APARTMENT HOUSE (5+ UNITS) • 15,432 SF
      315 Cedar St, Cedar Hill, TX 75104-2663
      View Details
    • Value Estimation
      $5,960,000
      216,652 SF

      201 Joe Wilson Rd

      APARTMENT HOUSE (5+ UNITS) • 216,652 SF
      201 Joe Wilson Rd, Cedar Hill, TX 75104-2992
      View Details
    • Value Estimation
      $12,490,000
      446,164 SF

      365 Uptown Blvd

      APARTMENT HOUSE (5+ UNITS) • 446,164 SF
      365 Uptown Blvd, Cedar Hill, TX 75104-3514
      View Details
    • Value Estimation
      $6,565,000
      219,128 SF

      1000 Pleasant Run Rd

      APARTMENT HOUSE (5+ UNITS) • 219,128 SF
      1000 Pleasant Run Rd, Cedar Hill, TX 75104-5513
      View Details

    Similar Nearby for Sale

    • $1,550,000
      0.48 Acres

      Profitable Multifamily Investment Opportunity

      Turn-key 8-unit multifamily property with stable tenant base in Cedar Hill.
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    • $455,000
      0.11 Acres

      Cedar Hill Duplex: Investor Special

      Well-maintained 6-bedroom duplex in Cedar Hill, currently rented.
      508-510 Matterhorn St, Cedar Hill, TX 75104
      View Details
    • $429,999
      0.18 Acres

      Well-Maintained Duplex in Cedar Hill

      Duplex with updated unit, great for investors or house-hacking.
      409-411 Dollins St, Cedar Hill, TX 75104
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    • Contact for pricing

      Powder Springs Road Office Suite

      1,471 SF Medical/Executive Office Space
      0 Nec Lk Rdg Pkwy & Diamond Pt Dr, Cedar Hill, TX 75104
      View Details
    • $4,325,000
      8.56 Acres

      Cedar Hill Active Adult Land

      8.5-acre development site, 182 units.
      1497 J Elmer Weaver Fwy, Cedar Hill, TX 75104
      View Details
    • $3,200,000
      45.00 Acres

      1198 Clark Rd

      Land • 45.00 Acres
      1198 Clark Rd, Cedar Hill, TX 75104
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,000 SF

      Cedar Hill Retail Space Available

      Retail space available in Cedar Hill Crossing power center.
      420-432 Highway 67 N, Cedar Hill, TX 75104
      View Details
    • Contact for pricing

      Raw Land & Pad Sites

      Raw land and pad site opportunities available for rent.
      294 Uptown Blvd, Cedar Hill, TX 75104
      View Details
    • Contact for pricing
      130,582 SF

      Lakeridge Shopping Center: Prime Retail

      Dallas County retail space, high visibility.
      67 & Belt Line, Cedar Hill, TX 75104
      View Details
    • Contact for pricing
      6,700 SF

      Prime Retail Space in Cedar Hill

      1,325 SF Retail Space Available Now
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      View Details
    • Contact for pricing
      14,616 SF

      Uptown Center Retail Space Available

      Dallas Retail Space: 1,883 sq ft storefront.
      613 Uptown Blvd, Cedar Hill, TX 75104
      View Details
    • Contact for pricing
      6,345 SF

      Restaurant/Retail Development Opportunity

      New restaurant/retail development opportunity in Cedar Hill, Texas.
      723 Belt Line Rd, Cedar Hill, TX 75104
      View Details
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    Cedar Hill, TX 75104-4102
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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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