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Property profile & analytics
OFF-MARKET
Apartment buildings
1814 We Roberts Dr Grand Prairie, TX 75051-1367
Entity Owned
2-yr Hold
Property ID
US82-0493054
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1963
Construction
FRAME
Total area
3,200 SF
Lot
0.18 ac (7,750 SF)
Zoning code
SF4
APN
28052501360170000
UPID
US82-0493054
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
Boomerang Finance Sub Reit LLC · 2 yrs held
Boomerang Finance Sub Reit LLC
since 2024
7 recorded transactions
Zoning & alternative use
SF4 · Grand Prairie, 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 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
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
$9,052
Tax year 2023
Assessed value
$393,500
Assessed 2023
Previous assessed
$393,500
+0.0% YoY
Effective rate
2.30%
On assessed value
Assessed land
$38,750
Assessed improvement
$354,750
Land market value
$38,750
Improvement market value
$354,750
Total market value
$393,500
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
1963
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
6
Total area
3,200 SF
Lot
0.18 ac (7,750 SF)
Zoning code
SF4
APN
28052501360170000
UPID
US82-0493054
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
SF4 · Grand Prairie, TX
Zoning SF4 · permitted uses
SF4 · 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.
Building & site characteristics
From public records
Year built
1963
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
6
Lot
0.18 ac
Current owner
From public records · entity-resolved
Boomerang Finance Sub Reit LLC
Entity
Mailing address
1321 AIRLINE DR, GRAPEVINE, TX 76051-5533
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 8, 2024
—
Boomerang Finance Sub Reit LLC
Jk Molina Investments LLC
Correction Deed
related
—
Dec 19, 2023
—
Jk Molina Investment LLC
Ska Properties LLC
Venders Lien
$412,221 · Boomerang Finance Sub-reit LLC
Dec 18, 2023
—
Ska Properties LLC
Horton 6 Investments LLC
Warranty Deed
—
Oct 6, 2020
—
Horton 6 Investments LLC
Southern Hills Property Group LLC
Venders Lien
$285,150 · Diamond Bank
Mar 7, 2019
—
Southern Hills Property Gourp LLC
Feb Capital LLC
Venders Lien
$252,405 · First Bank
Mar 6, 2019
—
Efb Capital LLC
Kyle-rand Homes INC
Warranty Deed
—
Feb 8, 2013
—
Kyle-rand Homes INC
Genesis Investments LLC
Warranty Deed
—
Feb 10, 2011
—
Genesis Investments LLC
Bayview Ln Svcg LLC
Grant Deed
—
Nov 15, 2010
—
Bayview Ln Svcg LLC
Ortolani,shelley
Trustees Deed
related
—
Aug 7, 2007
—
Robert Porter
Bayview Loan Servicing LLC
Venders Lien
$162,000 · Bayview Financial Small Bus Funding
May 25, 2007
$176,000
Bayview Loan Servicing LLC
Harbott,neil R & Melissa
Trustees Deed
related
—
May 3, 2005
—
Harbott,neil R & Melissa
Smjc Rents LLC
Warranty Deed
$22,000 · Lnb Commercial Cap
Apr 16, 2003
—
Smjc Rents LLC
Clark,matt & Sharon
Grant Deed
related
—
Jun 20, 2001
—
Matt Clark
Cortez,jose V
Grant Deed
related
—
Jun 11, 2001
—
Jose V Cortez
Tapp Community Services INC
Grant Deed
related
—
May 16, 2000
—
Jose V Cortex
Richland Mortgage Co
Grant Deed
$125,000 · Richland Mortgage Co
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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