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Property profile & analytics
OFF-MARKET
Estimated value
$730,000
Apartment buildings
14208 Heritage Cir, Farmers Branch, TX 75234-3309
Entity Owned
6-yr Hold
Property ID
US83-2933790
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1969
Construction
FRAME
Total area
68,132 SF
Lot
9.15 ac (398,618 SF)
Zoning code
Z195
APN
24207500010010000
UPID
US83-2933790
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$970k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$489k
Blend (final)
Blend
$730k
Owner & transaction history
Cep 14221 Heritage LLC · 6 yrs held
Cep 14221 Heritage LLC
since 2020
7 recorded transactions
Zoning & alternative use
Z195 · Farmers Branch, 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 Farmers Branch submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Farmers Branch 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
$970,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$730k
Range $657k – $803k · ±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
$11 / 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
$478,396
Tax year 2023
Assessed value
$22,804,150
Assessed 2023
Previous assessed
$22,804,150
+0.0% YoY
Effective rate
2.10%
On assessed value
Assessed land
$1,644,110
Assessed improvement
$21,160,040
Land market value
$1,644,110
Improvement market value
$21,160,040
Total market value
$22,804,150
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
1969
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Buildings
5
Stories
2
Total area
68,132 SF
Lot
9.15 ac (398,618 SF)
Zoning code
Z195
APN
24207500010010000
UPID
US83-2933790
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z195 · Farmers Branch, TX
Zoning Z195 · permitted uses
Z195 · Farmers Branch, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Farmers Branch. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1969
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
2
Buildings
5
Lot
9.15 ac
Current owner
From public records · entity-resolved
Cep 14221 Heritage LLC
Entity
Mailing address
1450 LAKESIDE PKWY #149150, FLOWER MOUND, TX 75028-4020
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 24, 2020
—
Cep 14221 Heritage LLC
V At V Dallas Associates LP
Special Warranty Deed
$4,636,000 · Hunt Mortgage
Aug 21, 2017
—
V At V Dallas Associates LP
Ventana At Valwood LLC
Trustees Deed
$15,360,000 · Hunt Mtg Cap LLC
Jun 11, 2013
—
Ventana At Valwood LLC
Prattco Ventana LP
Quit Claim Deed
related
$6,502,800 · Arbor Com'l Fndg
Jul 1, 2008
—
Prattco Ventana
Tvh Properties LLC
Grant Deed
$5,304,740 · Colonial Bank
—
—
Prattco Ventana LP
—
Deed Of Trust
related
$5,304,740 · Colonial Bank
—
—
Ventana At Valwood
—
Deed Of Trust
related
$294,271 · Tax Ease Funding LP
—
—
Ventana At Valwood LLC
—
Deed Of Trust
related
$2,050,000 · Arbor Com'l Fndg
—
—
Prattco Ventana LP
—
Deed Of Trust
related
$5,304,740 · Colonial Bank
—
—
Prattco Ventana LP
—
Deed Of Trust
related
$5,304,740 · Veritex Community Bank
—
—
Prattco Ventana LP
—
Deed Of Trust
related
$4,329,433 · Veritex Community Bank
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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