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Property profile & analytics
OFF-MARKET
Estimated value
$625,000
Showrooms
2045 Frst Ln Garland, TX 75042-7937
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US82-0305374
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1985
Construction
TILT-UP CONCRETE
Total area
13,846 SF
Lot
0.9 ac (39,130 SF)
Zoning code
Z239
APN
26190550010010000
UPID
US82-0305374
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
-
Baker & Affiliates Insurance Insurance Agency
-
Baker & Affiliates Insurance: Farley Sue Ellen Insurance Agency
-
ITAC Systems Inc Factory Production Facility
-
Clinica Hispana Divina Salud Medical Clinic
-
Jgv Tax Consultant Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$465k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$788k
Blend (final)
Blend
$625k
Owner & transaction history
Awad Enterprises LLC · 5 yrs held
Awad Enterprises LLC
since 2021
7 recorded transactions
Zoning & alternative use
Z239 · Garland, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$930,000
+36.0%
Medical building
$905,000
+32.5%
Neighborhood: shopping center
$700,000
+2.3%
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
$465,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$685,000
Current use
OFFICE BUILDING
$930,000
Change: +36% · Conversion: Easy
MEDICAL BUILDING
$905,000
Change: +32% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$700,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$625k
Range $563k – $688k · ±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
$45 / 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
$25,759
Tax year 2023
Assessed value
$1,125,740
Assessed 2023
Previous assessed
$1,125,740
+0.0% YoY
Effective rate
2.29%
On assessed value
Assessed land
$117,390
Assessed improvement
$1,008,350
Land market value
$117,390
Improvement market value
$1,008,350
Total market value
$1,125,740
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1985
Construction
TILT-UP CONCRETE
Heating
PARTIAL
Cooling
PARTIAL
Stories
1
Total area
13,846 SF
Lot
0.9 ac (39,130 SF)
Zoning code
Z239
APN
26190550010010000
UPID
US82-0305374
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z239 · Garland, TX
Zoning Z239 · permitted uses
Z239 · 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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$685,000
OFFICE BUILDING
Est. value
$930,000
MEDICAL BUILDING
Est. value
$905,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$700,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
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
1985
Construction
TILT-UP CONCRETE
Heating
PARTIAL
Cooling
Yes
Stories
1
Lot
0.9 ac
Current owner
From public records · entity-resolved
Awad Enterprises LLC
Entity
Mailing address
PO BOX 29312, DALLAS, TX 75229-0312
Mailing matches property
Yes
Owner-occupied
Yes
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 1, 2022
—
Awad Enterprises LLC
—
Deed
related
$1,080,000 · Riverbend Bank
May 5, 2021
—
Awad Enterprises LLC
Georgia Baker
Warranty Deed
—
Dec 3, 2010
—
Paul Baker
2045 Forest Lane Ltd
Grant Deed
$701,000 · Inwood National Bank
Dec 3, 2005
—
2045 Forest Lane Ltd
Henson,timothy G
Warranty Deed
—
—
—
2045 Forest Lane Ltd
—
Deed Of Trust
related
$500,000 · Professional Bank
—
—
2045 Forest Lane Ltd
—
Deed Of Trust
related
$90,000 · Professional Bank
—
—
2045 Forest Lane Ltd
—
Deed Of Trust
related
$90,000 · Professional Bank
—
—
2045 Forest Lane Ltd
—
Deed Of Trust
related
$50,000 · Professional Bank
—
—
Timothy G Henson
—
Deed Of Trust
related
$300,000 · 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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