New search
Property profile & analytics
OFF-MARKET
Estimated value
$650,000
Apartment buildings
14209 Heritage Cir, Farmers Branch, TX 75234-3310
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US83-3656808
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1964
Construction
FRAME
Total area
40,984 SF
Lot
2.03 ac (88,427 SF)
Zoning code
Z195
APN
24208500020010000
UPID
US83-3656808
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$650k
Owner & transaction history
V At V Dallas Associates LP · 8 yrs held
V At V Dallas Associates LP
since 2017
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$16 / 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
$106,396
Tax year 2023
Assessed value
$5,071,700
Assessed 2023
Previous assessed
$5,071,700
+0.0% YoY
Effective rate
2.10%
On assessed value
Assessed land
$527,430
Assessed improvement
$4,544,270
Land market value
$527,430
Improvement market value
$4,544,270
Total market value
$5,071,700
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
1964
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
48
Total area
40,984 SF
Lot
2.03 ac (88,427 SF)
Zoning code
Z195
APN
24208500020010000
UPID
US83-3656808
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
1964
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
48
Lot
2.03 ac
Current owner
From public records · entity-resolved
V At V Dallas Associates LP
Entity
Mailing address
1450 LAKESIDE PKWY #149150, FLOWER MOUND, TX 75028-4020
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 21, 2017
—
V At V Dallas Associates LP
Ventana At Valwood LLC
Grant 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
Sep 19, 2011
—
Prattco Ventana LP
—
Deed Of Trust
related
$5,304,740 · Veritex Community Bank
Aug 5, 2011
—
Prattco Ventana LP
—
Deed Of Trust
related
$5,304,740 · Colonial Bank
Nov 30, 2010
—
Prattco Ventana LP
—
Deed Of Trust
related
$5,304,740 · Colonial Bank
Jul 1, 2008
—
Prattco Ventana
Tvh Properties LLC
Grant Deed
$5,304,740 · Colonial Bank
Sep 22, 2004
—
Ventana At Valwood
II Texas Lagniappe
Grant Deed
$6,800,000 · Texans Commercial Cap LLC
—
—
Ventana At Valwood LLC
—
Deed Of Trust
related
$2,050,000 · Arbor Com'l Fndg
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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