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Property profile & analytics
OFF-MARKET
Medical Office Space
1505 Nwnw Hwy Garland, TX 75041-5231
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US82-5933972
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2000
Construction
FRAME
Total area
5,130 SF
Lot
0.89 ac (38,768 SF)
Zoning code
Z263
APN
26561700010030000
UPID
US82-5933972
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
by Request
Owner & transaction history
Azina Place INC Orp · 8 yrs held
Azina Place INC Orp
since 2018
7 recorded transactions
Zoning & alternative use
Z263 · 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
—
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
$20,143
Tax year 2023
Assessed value
$880,310
Assessed 2023
Previous assessed
$880,310
+0.0% YoY
Effective rate
2.29%
On assessed value
Assessed land
$193,840
Assessed improvement
$686,470
Land market value
$193,840
Improvement market value
$686,470
Total market value
$880,310
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2000
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
5,130 SF
Lot
0.89 ac (38,768 SF)
Zoning code
Z263
APN
26561700010030000
UPID
US82-5933972
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z263 · Garland, TX
Zoning Z263 · permitted uses
Z263 · 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
2000
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.89 ac
Current owner
From public records · entity-resolved
Azina Place INC Orp
Entity
Mailing address
5821 INDIAN HLS DR, GARLAND, TX 75044-4217
Ownership since
2018
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
Apr 4, 2018
—
Azina Place INC Orp
Valkyrie Investments LLC
Venders Lien
$520,000 · Jpmorgan Chase Bank NA
Jul 25, 2014
—
Valkyrie Investments LLC
Luna & Luna LLP
Grant Deed
$320,000 · Intouch Cu
Mar 10, 2010
—
Luna LLP
—
Deed Of Trust
related
$1,064,750 · Texas Brand Bank
Dec 1, 1999
—
Luna LLP
Northwest Village Co Jv
Grant Deed
related
—
—
—
Luna LLP
—
Deed Of Trust
related
$995,785 · Texas Brand Bank
—
—
Luna LLP
—
Deed Of Trust
related
$971,000 · Professional Bank
—
—
Luna,sue N
—
Loan Modification
related
$723,387 · Texas Brand Bk
—
—
Valkyrie Investments LLC
—
Loan Modification
related
—
—
—
Luna LLP
—
Deed Of Trust
related
$500,000 · First American Bank Ssb
—
—
Luna LLP
—
Deed Of Trust
related
$971,000 · Professional 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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