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Property profile & analytics
OFF-MARKET
Apartment buildings
1405 Plowman Ave Dallas, TX 75203-1274
Entity Owned
12-yr Hold
Free & Clear
Property ID
US82-6540358
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1963
Construction
FRAME
Total area
9,576 SF
Lot
0.42 ac (18,500 SF)
Zoning code
Z239
APN
263995000000
UPID
US82-6540358
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
-
Sinful waze. Co. Hardware & Home Improvement General Contractor
-
Plowman Ave Properties, LLC Condominium Complex Apartment Complex
-
Dream Team Media Productions Film Production Television Studio
-
Sinful Waze recordz Recording Studio
-
Plowman Ave Apartments Interior Design
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Plowman Avenue Properties LLC · 12 yrs held
Plowman Avenue Properties LLC
since 2014
4 recorded transactions
Zoning & alternative use
Z239 · Dallas, 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 Dallas submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Dallas 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
—
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
$22,341
Tax year 2023
Assessed value
$973,560
Assessed 2023
Previous assessed
$973,560
+0.0% YoY
Effective rate
2.29%
On assessed value
Assessed land
$629,000
Assessed improvement
$344,560
Land market value
$629,000
Improvement market value
$344,560
Total market value
$973,560
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
16
Bathrooms
1
Total area
9,576 SF
Lot
0.42 ac (18,500 SF)
Zoning code
Z239
APN
263995000000
UPID
US82-6540358
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z239 · Dallas, TX
Zoning Z239 · permitted uses
Z239 · Dallas, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Dallas. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1963
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
16
Bathrooms
1
Lot
0.42 ac
Current owner
From public records · entity-resolved
Plowman Avenue Properties LLC
Entity
Free & Clear · 12 yrs held
Mailing address
PO BOX 4232, DALLAS, TX 75208-0232
Ownership since
2014
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
Apr 4, 2014
—
Plowman Avenue Properties LLC
Mortensen,vibeke M
Warranty Deed
related
—
Feb 7, 2012
—
Vibeke M Mortensen
Mortensen,shenny M
Quit Claim Deed
related
—
Aug 7, 2006
—
Shenny M Mortensen
Gamber,monty R
Warranty Deed
—
Aug 7, 2003
—
Monty R Gamber
Craven,john W
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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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