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Property profile & analytics
OFF-MARKET
Estimated value
$385,000
Office buildings
201 Ballard Ave Wylie, TX 75098-4423
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US82-3525345
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1978
Construction
STONE
Total area
7,400 SF
Lot
0.17 ac (7,492 SF)
Zoning code
DTH
APN
R-1156-002-003A-1
UPID
US82-3525345
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
$330k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$385k
Owner & transaction history
Robert Wayne Heath · 1 yrs held
Robert Wayne Heath
since 2024
7 recorded transactions
Zoning & alternative use
DTH · Wylie, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
DTH amending boundaries and design standards. 2015-09 01/27/2015 Amending Article 6, Section 6.3, DTH expanding boundaries, changing zoning from SF-10/24 to DTH. 2017-22 07/25/2017 Amending Ordinance 2013-43, Article 5, Section 5.1.F.Retail 21. Restaurants without Drive-in or Drive-through to reduce required parking to allow a ratio of 1:100. 2018-03 02/13/2…
Zone name
Downtown Historical District
General category
COMMERCIAL
Zone area
81.13 ac
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 Wylie submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wylie 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
$330,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$385k
Range $347k – $424k · ±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
$52 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$9,038
Tax year 2022
Assessed value
$800,000
Assessed 2023
Previous assessed
$421,863
+89.6% YoY
Effective rate
1.13%
On assessed value
Assessed land
$142,348
Assessed improvement
$657,652
Land market value
$142,348
Improvement market value
$657,652
Total market value
$800,000
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
1978
Construction
STONE
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Total area
7,400 SF
Lot
0.17 ac (7,492 SF)
Zoning code
DTH
APN
R-1156-002-003A-1
UPID
US82-3525345
Jurisdiction
COLLIN
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
DTH · Wylie, TXZoning DTH · permitted uses
DTH · Wylie, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
DTH amending boundaries and design standards. 2015-09 01/27/2015 Amending Article 6, Section 6.3, DTH expanding boundaries, changing zoning from SF-10/24 to DTH. 2017-22 07/25/2017 Amending Ordinance 2013-43, Article 5, Section 5.1.F.Retail 21. Restaurants without Drive-in or Drive-through to reduce required parking to allow a ratio of 1:100. 2018-03 02/13/2018 Amending Ordinance 2006-04,
Zone name
Downtown Historical District
General category
COMMERCIAL
Zone area
81.13 ac
Building & site characteristics
From public records
Year built
1978
Construction
STONE
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
0.17 ac
Current owner
From public records · entity-resolved
Robert Wayne Heath
Individual
Mailing address
201 N BALLARD AVE STE #107, WYLIE, TX 75098-4449
Mailing matches property
Yes
Owner-occupied
Yes
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 15, 2024
—
Robert Wayne Heath
Robert Windell Heath
Transfer On Death Deed
related
—
Dec 7, 2020
—
Daniel L Heath
F & S Ventures LLC
Warranty Deed
related
—
Dec 20, 2018
—
Robert Heath
—
Deed
related
—
Nov 20, 2018
—
Robert Heath
—
Deed
related
—
Dec 27, 2017
—
Robert Heath
—
Deed
related
—
May 18, 2006
—
Robert Heath
Inwood National Bank
Grant Deed
related
—
—
—
Robert Heath
—
Loan Modification
related
—
—
—
Robert Heath
—
Deed Of Trust
related
—
—
—
Robert Heath
—
Deed Of Trust
related
$250,000 · Inwood National Bank
—
—
Robert Heath
—
Deed Of Trust
related
$450,000 · Inwood National Bank
—
—
Robert Heath
—
Deed Of Trust
related
—
—
—
Robert Heath
—
Deed Of Trust
related
$100,000 · Inwood National Bank
—
—
Robert Heath
—
Deed Of Trust
related
$100,000 · Inwood 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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