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    Property profile & analytics

    145 Pioneer Pkwy Grand Prairie, TX 75051-4964

    • Apartment buildings
    • 171,292 SF
    • 16.46 lot acres
    OFF-MARKET
    Value Estimations
    $13,650,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2705181
    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

    • Apartment buildings

    Property Details for 145 Pioneer Pkwy

    Year built
    1984
    Construction
    FRAME
    Lot size
    16.46 lot acres
    Property size
    171,292 SF
    Zone code
    Z97
    Property type
    Apartment buildings
    APN
    28217480000010000
    APU
    28217480000010000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $15,887,000
      Market price range: $1.48M - $15.9M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $11,535,000
      Current use
      RESTAURANT
      $21,995,000
      Change: +91% Conversion: Difficult
      RETAIL STORES
      $16,270,000
      Change: +41% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $15,995,000
      Change: +39% Conversion: Difficult
      MEDICAL BUILDING
      $15,020,000
      Change: +30% Conversion: Moderate
      OFFICE BUILDING
      $14,750,000
      Change: +28% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Grand Prairie
    County
    Dallas
    State
    Texas
    Longitude
    -97.004
    Latitude
    32.7083
    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
    $649,907
    $1,425,500
    $26,827,700
    $28,253,200
    -
    $1,425,500
    $26,827,700
    $28,253,200

    Comparable in this City

    • Value Estimation
      $6,085,000
      82,812 SF

      511 Dickey Rd

      APARTMENT HOUSE (5+ UNITS) • 82,812 SF
      511 Dickey Rd, Grand Prairie, TX 75051
      View Details
    • Value Estimation
      $13,375,000
      174,042 SF

      575 Dickey Rd

      APARTMENT HOUSE (5+ UNITS) • 174,042 SF
      575 Dickey Rd, Grand Prairie, TX 75051-3110
      View Details
    • Value Estimation
      $13,520,000
      194,878 SF

      1350 Skyline Rd

      APARTMENT HOUSE (5+ UNITS) • 194,878 SF
      1350 Skyline Rd, Grand Prairie, TX 75051-2377
      View Details
    • Value Estimation by Request
      3,285 SF

      314 Freetown Rd

      APARTMENT HOUSE (5+ UNITS) • 3,285 SF
      314 Freetown Rd, Grand Prairie, TX 75051-3943
      View Details
    • Value Estimation by Request
      2,443 SF

      412 Dawson Cir

      APARTMENT HOUSE (5+ UNITS) • 2,443 SF
      412 Dawson Cir, Grand Prairie, TX 75051-3053
      View Details
    • Value Estimation by Request
      4,000 SF

      422 Dawson Cir

      APARTMENT HOUSE (5+ UNITS) • 4,000 SF
      422 Dawson Cir, Grand Prairie, TX 75051-3053
      View Details

    Similar Nearby for Sale

    • New
      $340,000
      1,719 SF

      Grand Prairie Duplex Investment Opportunity

      Remodeled duplex in central Grand Prairie with leasing potential.
      320 Dawson Cir, Grand Prairie, TX 75051
      View Details
    • New
      $475,000
      2,800 SF

      Spacious Duplex in Grand Prairie

      Rare duplex with large units, ideal for families or investors.
      857 Robinson Ct, Grand Prairie, TX 75051
      View Details
    • $1,200,000
      0.27 Acres

      Grand Prairie Retail with Drive-Thru

      Free-standing retail building with drive-thru, suitable for restaurant/fast-food.
      455 W Pioneer Pkwy, Grand Prairie, TX 75051
      View Details
    • $2,100,000
      28,316 SF

      Grand Prairie Office Building For Sale

      28,316 SF office building with excellent access and visibility.
      2217 W Jefferson St, Grand Prairie, TX 75051
      View Details
    • Contact for pricing
      48,000 SF

      Industrial Property with Outdoor Storage

      48,000 SF industrial property with office and outdoor storage.
      1771 Robinson Rd, Grand Prairie, TX 75051
      View Details
    • $124,900
      0.07 Acres

      Grand Prairie Land Opportunity

      Four lots sold together in a growing Grand Prairie location.
      836 Premier Pkwy, Grand Prairie, TX 75051
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    Similar Nearby for Lease

    • Contact for pricing
      108,600 SF

      Northfield Distribution Center - Suite 7

      Grand Prairie Warehouse Space Available
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      19,600 SF

      Grand Prairie Retail Center

      Brand new, prime retail spaces available.
      1600 Belt Line Rd, Grand Prairie, TX 75051
      View Details
    • Contact for pricing
      48,580 SF

      Industrial Space in Grand Prairie

      Industrial property available for rent in Grand Prairie, Texas.
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      View Details
    • Contact for pricing
      2,327 SF

      Retail Spaces Available in Grand Prairie

      Retail spaces available near Sprouts Farmers Market and dd’s Discounts.
      817 W Pioneer Pkwy, Grand Prairie, TX 75051
      View Details
    • Contact for pricing
      77,510 SF

      Industrial Space Near DFW Airport

      Industrial property with fenced truck court, near major transportation routes.
      601-807 Parkway Dr, Grand Prairie, TX 75051
      View Details
    • $15 SF/Yr
      6,066 SF

      Grand Prairie Medical Office Building

      6,066 SF Medical Office, 3 Units Available
      643 Great Pkwy, Grand Prairie, TX 75051
      View Details
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    Grand Prairie, TX 75051-4964
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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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