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Property profile & analytics
OFF-MARKET
Estimated value
$18,150,000
Apartment buildings
1920 Tarrant Rd Grand Prairie, TX 75050-3099
Entity Owned
4-yr Hold
Property ID
US82-2270971
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1983
Construction
FRAME
Total area
248,664 SF
Lot
14.54 ac (633,406 SF)
Zoning code
Z190
APN
282175200A0010000
UPID
US82-2270971
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
-
Brazil autoglass Auto Repair Shop
-
Di Belleza Clothing & Fashion Store
-
Rapid Electricians Grand Prairie Electrical Service General Contractor
-
Ofade Painting Painting Service General Contractor
-
The Belmont Apartment Homes Apartment Building Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$18.37M
Blend (final)
Blend
$18.15M
Owner & transaction history
Belmont Investors 1 LLC · 4 yrs held
Belmont Investors 1 LLC
since 2022
7 recorded transactions
Zoning & alternative use
Z190 · Grand Prairie, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$29.5M
+112.6%
Auto repair, garage
$27.3M
+96.9%
Medical building
$18.1M
+30.4%
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)
$13,865,000
Current use
OFFICE BUILDING
$29,465,000
Change: +113% · Conversion: Moderate
AUTO REPAIR, GARAGE
$27,300,000
Change: +97% · Conversion: Difficult
MEDICAL BUILDING
$18,075,000
Change: +30% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$11,850,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$18.15M
Range $16.34M – $19.97M · ±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
$73 / 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
$759,098
Tax year 2023
Assessed value
$33,000,000
Assessed 2023
Previous assessed
$33,000,000
+0.0% YoY
Effective rate
2.30%
On assessed value
Assessed land
$1,583,560
Assessed improvement
$31,416,440
Land market value
$1,583,560
Improvement market value
$31,416,440
Total market value
$33,000,000
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
1983
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
3
Units
260
Bathrooms
26
Total area
248,664 SF
Lot
14.54 ac (633,406 SF)
Zoning code
Z190
APN
282175200A0010000
UPID
US82-2270971
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z190 · Grand Prairie, TXZoning Z190 · permitted uses
Z190 · Grand Prairie, 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
$13.9M
OFFICE BUILDING
Est. value
$29.5M
AUTO REPAIR, GARAGE
Est. value
$27.3M
MEDICAL BUILDING
Est. value
$18.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$11.9M
APARTMENT HOUSE (5+ UNITS) Current
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
3
Buildings
2
Units
260
Bathrooms
26
Lot
14.54 ac
Current owner
From public records · entity-resolved
Belmont Investors 1 LLC
Entity
Mailing address
409 N PACIFIC COAST HWY #70, REDONDO BEACH, CA 90277-2870
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 11, 2022
—
Acre Credit Investments I LLC
—
Deed
related
$45,100,000 · Acrec Loan Seller LLC
Mar 1, 2022
—
Belmont Investors 1 LLC
Breit Steadfast Mf Belmont Tx LP
Special Warranty Deed
$45,100,000 · Acre Credit Investments I LLC
Nov 20, 2017
—
Breit Steadfast Mf Belmont Tx LP
Sir Belmont Apartments LLC
Special Warranty Deed
$147,769 · Wells Fargo Bank NA
Jul 26, 2013
—
Sir Belmont Apartments LLC
Azure Belmont LLC
Special Warranty Deed
—
Feb 18, 2011
—
Azure Belmont LLC
Belmont Apts Grand Prairie LLC
Quit Claim Deed
related
$8,900,000 · M & T Realty Capital Corp
Jul 30, 2009
—
Dawn Properties INC
Csfb 2002-ckp1 West Tarrant Ro
Grant Deed
related
—
Jul 28, 2009
—
Belmont Apts Grand Prairie LLC
Dawn Properties INC
Grant Deed
$6,000,000 · Compass Bank
Jun 3, 2008
$8,000,000
2002-ckp1 West Tarrant Ro Csfb
Davis,jennifer W
Trustees Deed
—
Nov 29, 2001
—
Mbs Fox Chase Ltd
Erp Operating LP
Grant Deed
$10,400,000 · Pnc 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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