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Property profile & analytics
OFF-MARKET
Estimated value
$20,480,000
Apartment buildings
1551 State Hwy 161 Grand Prairie, TX 75050-7077
Entity Owned
12-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-4112894
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1983
Construction
FRAME
Total area
266,448 SF
Lot
17 ac (740,520 SF)
Zoning code
Z97
APN
28251000010010000
UPID
US82-4112894
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
-
J&K Detailing Pro's Car Wash
-
J&K Detailing Pro's (Mobile Detailing) Car Wash
-
Faithfully Yours Maid Service Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$22.87M
Blend (final)
Blend
$20.48M
Owner & transaction history
Mlg Pf Windridge LLC · 12 yrs held
Mlg Pf Windridge LLC
since 2013
2 recorded transactions
Zoning & alternative use
Z97 · Grand Prairie, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$33.0M
+121.9%
Office building
$31.6M
+112.6%
Auto repair, garage
$29.3M
+96.9%
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 Grand Prairie submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grand Prairie 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$14,855,000
Current use
RETAIL STORES
$32,970,000
Change: +122% · Conversion: Difficult
OFFICE BUILDING
$31,575,000
Change: +113% · Conversion: Moderate
AUTO REPAIR, GARAGE
$29,250,000
Change: +97% · Conversion: Difficult
MEDICAL BUILDING
$19,365,000
Change: +30% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$12,700,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$20.48M
Range $18.43M – $22.53M · ±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
$77 / 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
$945,187
Tax year 2023
Assessed value
$41,089,780
Assessed 2023
Previous assessed
$41,089,780
+0.0% YoY
Effective rate
2.30%
On assessed value
Assessed land
$1,851,300
Assessed improvement
$39,238,480
Land market value
$1,851,300
Improvement market value
$39,238,480
Total market value
$41,089,780
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
1983
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
336
Total area
266,448 SF
Lot
17 ac (740,520 SF)
Zoning code
Z97
APN
28251000010010000
UPID
US82-4112894
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z97 · Grand Prairie, TX
Zoning Z97 · permitted uses
Z97 · Grand Prairie, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Grand Prairie. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$14.9M
RETAIL STORES
Est. value
$33.0M
OFFICE BUILDING
Est. value
$31.6M
AUTO REPAIR, GARAGE
Est. value
$29.3M
MEDICAL BUILDING
Est. value
$19.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$12.7M
APARTMENT HOUSE (5+ UNITS) Current
RETAIL STORES
OFFICE BUILDING
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1983
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
336
Lot
17 ac
Current owner
From public records · entity-resolved
Mlg Pf Windridge LLC
Entity
Free & Clear · 12 yrs held
Mailing address
5950 N BERKSHIRE LN STE #1300, DALLAS, TX 75225-5841
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 31, 2013
—
Mlg Pf Windridge LLC
Windridge Partners LLC
Quit Claim Deed
related
—
Oct 22, 2009
—
Windridge Partners LLC
Windridge Grand Prairie Assocs
Quit Claim Deed
related
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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