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Property profile & analytics
OFF-MARKET
Estimated value
$53,960,000
Apartment buildings
1531 Duncanville Rd Dallas, TX 75211-6516
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-3540155
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2003
Construction
FRAME
Total area
200,880 SF
Lot
11.2 ac (487,916 SF)
Zoning code
Z239
APN
767100130010000
UPID
US82-3540155
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
-
The Alona Apartment Complex Figurine Shop
-
Mesquite charter academy High School
-
Instep Floral Design (Bike/Boat/Book/etc) Store Florist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$47.00M
Comparable Approach
Comparable
$60.92M
Blend (final)
Blend
$53.96M
Owner & transaction history
Mariposa Vls Prop Owner LLC · 6 yrs held
Mariposa Vls Prop Owner LLC
since 2020
6 recorded transactions
Zoning & alternative use
Z239 · Dallas, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$45.4M
+35.0%
Office building
$35.4M
+5.2%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$50,910,000
6.5%
$46,995,000
7%
$43,635,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$33,615,000
Current use
COMMERCIAL (GENERAL)
$45,370,000
Change: +35% · Conversion: Moderate
OFFICE BUILDING
$35,375,000
Change: +5% · Conversion: Moderate
Blend value · Realmo final
$53.96M
Range $48.56M – $59.36M · ±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
$269 / 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
$952,334
Tax year 2023
Assessed value
$41,500,000
Assessed 2023
Previous assessed
$41,500,000
+0.0% YoY
Effective rate
2.29%
On assessed value
Assessed land
$243,960
Assessed improvement
$41,256,040
Land market value
$243,960
Improvement market value
$41,256,040
Total market value
$41,500,000
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
2003
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
3
Units
216
Total area
200,880 SF
Lot
11.2 ac (487,916 SF)
Zoning code
Z239
APN
767100130010000
UPID
US82-3540155
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z239 · Dallas, TXZoning Z239 · permitted uses
Z239 · Dallas, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$33.6M
COMMERCIAL (GENERAL)
Est. value
$45.4M
OFFICE BUILDING
Est. value
$35.4M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2003
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
3
Buildings
2
Units
216
Lot
11.2 ac
Current owner
From public records · entity-resolved
Mariposa Vls Prop Owner LLC
Entity
Mailing address
100 CRES CT STE #270, DALLAS, TX 75201-2161
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 2, 2020
—
Mariposa Vls Prop Owner LLC
Atlas Mariposa Villas LLC
Quit Claim Deed
related
$20,724,000 · Cbre Cap Markets
Jul 5, 2017
—
Atlas Mariposa Villas LLC
—
Deed
related
$17,250,000 · Berkadia Com'l Mtg
Dec 31, 2013
—
Atlas Mariposa Villas LLC
Echo Valley Properties Ltd
Grant Deed
related
—
Jan 10, 2002
—
Echo Valley Properties Ltd
Cambridge Capital Group
Grant Deed
related
—
—
—
Atlas Mariposa Villas LLC
—
Deed Of Trust
related
$17,250,000 · Berkadia Com'l Mtg
—
—
Echo Valley Properties Ltd
—
Deed Of Trust
related
$12,376,300 · Oppenheimer Multifam Hsng&heal
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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