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Property profile & analytics
OFF-MARKET
Estimated value
$1,840,000
Apartment buildings
1245 Colonel Dr Garland, TX 75043-1303
Entity Owned
24-yr Hold
~
Est. High Equity
Property ID
US82-0749344
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1987
Construction
FRAME
Total area
190,655 SF
Lot
15.74 ac (685,722 SF)
Zoning code
Z239
APN
26209560010010000
UPID
US82-0749344
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
-
Asilo Garden Center Landscaping
-
Brookdale Club Hill Nursing Home Retirement Community
-
Brookdale at Home Dallas Fort Worth Home Health Care Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.84M
Owner & transaction history
Cmcp-club Hill LP · 24 yrs held
Cmcp-club Hill LP
since 2002
4 recorded transactions
Zoning & alternative use
Z239 · 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
$10 / 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
$197,929
Tax year 2023
Assessed value
$8,650,000
Assessed 2023
Previous assessed
$8,650,000
+0.0% YoY
Effective rate
2.29%
On assessed value
Assessed land
$2,742,880
Assessed improvement
$5,907,120
Land market value
$2,742,880
Improvement market value
$5,907,120
Total market value
$8,650,000
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
1987
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
3
Units
259
Total area
190,655 SF
Lot
15.74 ac (685,722 SF)
Zoning code
Z239
APN
26209560010010000
UPID
US82-0749344
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z239 · Garland, TX
Zoning Z239 · permitted uses
Z239 · 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
1987
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
3
Units
259
Lot
15.74 ac
Current owner
From public records · entity-resolved
Cmcp-club Hill LP
Entity
Mailing address
6737 W PO BOX 2440TH ST STE #1310, SPOKANE, WA 99210-2440
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 1, 2017
—
Cmcp-club Hill LLC
—
Grant Deed
related
$975,000,000 · Jones Lang Lasalle Multifamily
May 13, 2002
—
Cmcp-club Hill LP
Colonel I-oxford LP
Grant Deed
related
—
—
—
Cmcp-club Hill
—
Deed Of Trust
related
$12,000,000 · Mma Mortgage Investment Corp
—
—
Cmcp-club Hill
—
Deed Of Trust
related
$50,000,000 · Mma Mortgage Investment Corp
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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