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Property profile & analytics
OFF-MARKET
Office buildings
1618 Wynn Joyce Rd Garland, TX 75043-3266
Individually Owned
5-yr Hold
Free & Clear
Property ID
US83-3614689
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1948
Construction
FRAME
Total area
1,248 SF
Lot
0.39 ac (17,175 SF)
Zoning code
Z90
APN
26251500040080000
UPID
US83-3614689
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
-
Happy Now Daycare Center Daycare Center
-
Thoughts on Life Rehab Center Counselor
-
1st Choice Electrics Electrical Service General Contractor
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
Ajai Muraleedharan · 5 yrs held
Ajai Muraleedharan
since 2020
6 recorded transactions
Zoning & alternative use
Z90 · 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
$3,890
Tax year 2023
Assessed value
$170,000
Assessed 2023
Previous assessed
$170,000
+0.0% YoY
Effective rate
2.29%
On assessed value
Assessed land
$103,050
Assessed improvement
$66,950
Land market value
$103,050
Improvement market value
$66,950
Total market value
$170,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1948
Construction
FRAME
Heating
GAS
Cooling
WINDOW A/C
Stories
1
Units
1
Bathrooms
1
Total area
1,248 SF
Lot
0.39 ac (17,175 SF)
Zoning code
Z90
APN
26251500040080000
UPID
US83-3614689
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z90 · Garland, TX
Zoning Z90 · permitted uses
Z90 · 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
1948
Construction
FRAME
Heating
GAS
Cooling
Yes
Stories
1
Units
1
Bathrooms
1
Lot
0.39 ac
Current owner
From public records · entity-resolved
Ajai Muraleedharan
Individual
Free & Clear · 5 yrs held
Mailing address
8504 TWIN OAKS DR, MC KINNEY, TX 75070-7946
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
Dec 31, 2020
—
Ajai Muraleedharan
Juan M Carrion
Warranty Deed
—
Apr 28, 2020
—
Raul Espinoza
Freddy A Rodriguez
Warranty Deed
—
Mar 17, 2020
—
Benjamin Childress
Van Childress
Quit Claim Deed
related
—
Jul 29, 2016
—
Freddy A Rodriguez
Nikah,nick
Warranty Deed
—
Nov 20, 2007
—
Nick Nikah
Stephens Ricky E
Warranty Deed
—
May 22, 2002
—
Ricky Stephens
Ticer,margaret E
Grant Deed
$64,000 · Abrams Centre National 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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