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Property profile & analytics
OFF-MARKET
Estimated value
$7,260,000
Commercial real estate
1900 Kingsley Rd Garland, TX 75041-6347
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-1892846
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1966
Construction
FRAME
Total area
83,194 SF
Lot
2.99 ac (130,288 SF)
Zoning code
Z160
APN
26294500000060000
UPID
US82-1892846
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
-
Kingsley Crossing Apartments Apartment Building
-
Villa Placita Apartments Apartment Building
-
EZ Handyman & Remodeling Hardware & Home Improvement General Contractor
-
Lucas LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.26M
Blend (final)
Blend
$7.26M
Owner & transaction history
Placita Garland LLC · 5 yrs held
Placita Garland LLC
since 2021
7 recorded transactions
Zoning & alternative use
Z160 · Garland, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$11.8M
+207.7%
Auto repair, garage
$10.4M
+171.1%
Medical building
$7.4M
+91.7%
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
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
RESTAURANT
$11,805,000
Change: +208% · Conversion: Difficult
AUTO REPAIR, GARAGE
$10,400,000
Change: +171% · Conversion: Difficult
MEDICAL BUILDING
$7,355,000
Change: +92% · Conversion: Easy
OFFICE BUILDING
$7,305,000
Change: +90% · Conversion: Easy
RETAIL STORES
$7,100,000
Change: +85% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$5,680,000
Change: +48% · Conversion: Moderate
Blend value · Realmo final
$7.26M
Range $6.53M – $7.99M · ±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
$87 / 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
$146,971
Tax year 2023
Assessed value
$11,229,920
Assessed 2023
Previous assessed
$9,588,740
+17.1% YoY
Effective rate
1.31%
On assessed value
Total market value
$11,229,920
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1966
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
122
Total area
83,194 SF
Lot
2.99 ac (130,288 SF)
Zoning code
Z160
APN
26294500000060000
UPID
US82-1892846
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z160 · Garland, TXZoning Z160 · permitted uses
Z160 · Garland, 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
RESTAURANT
Est. value
$11.8M
AUTO REPAIR, GARAGE
Est. value
$10.4M
MEDICAL BUILDING
Est. value
$7.4M
OFFICE BUILDING
Est. value
$7.3M
RETAIL STORES
Est. value
$7.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.7M
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
1966
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
122
Lot
2.99 ac
Current owner
From public records · entity-resolved
Placita Garland LLC
Entity
Free & Clear · 5 yrs held
Mailing address
2840 KELLER SPGS RD STE #1101, CARROLLTON, TX 75006-4876
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 26, 2021
—
Placita Garland LLC
Villa Placita Apartments LLC
Correction Deed
related
—
Mar 20, 2017
—
Villa Placita Apartments LLC
Clear Valley Properties I LLC
Trustees Deed
$4,000,000 · Arbor Realty SR
May 21, 2008
—
Clear Valley Property I LLC
Oak Lawn Apartments Ltd
Venders Lien
$2,819,250 · Indymac Commercial Lending Corp
Aug 1, 2005
—
Oak Lawn Apartments Ltd
Lb-ubs Coml Mtg Trust 2003
Grant Deed
$1,984,800 · Matrix Capital Bank
Dec 7, 2004
$2,400,000
Lb-ubs Coml Mtg Trust 2003-c7 Co
Strout,ava D
Trustees Deed
related
—
Jul 31, 2001
—
Garland Kingsley Crossing Apts
Yancey,michael H
Grant Deed
$1,820,000 · Wells Fargo Bank Texas NA
—
—
Michael H Yancey
—
Deed Of Trust
related
$500,000 · Stanford Properties
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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