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    2117 W Walnut St Garland, TX 75042
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    Property profile & analytics

    2117 W Walnut St, Garland, TX 75042

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    • Apartment buildings
    • 4,728 SF
    • 0.24 lot acres
    For Sale
    $775,000
    View Listing →
    Multi-Family Investment Property For Sale
    $775,000
    0.24 Acres

    Multi-Family Investment Property

    Four-unit layout with three occupied homes and one vacancy, offering flexible investment and house-hacking potential.

    2117 W Walnut Street, Garland, TX 75042
    View Listing
    Property ID
    US82-4943599
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 2117 W Walnut St

    Year built
    1984
    Construction
    FRAME
    Lot size
    0.24 lot acres
    Zone code
    D
    Property type
    Apartment buildings
    APN
    26436000010010500
    APU
    26436000010010500

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 6, 2022 — Anil Patel Xiaoling L Hui Venders Lien $464k · Loandepot.com LLC
    Mar 25, 2021 — Xiaoling L Hui Cityspace Holding Corporation Venders Lien $396k · Crosscountry Mortgage LLC
    Jul 27, 2012 — Raghuwar Dayal Phan,smitty Warranty Deed $155k · Americash
    Jul 7, 2008 — Smitty Phan Lovos,jose N Warranty Deed · related —
    Feb 2, 2007 — Old Republic Exchange Facilitator C Echezona Nwajagu Venders Lien $190k · First Horizon Home Loan Corp
    Oct 13, 2004 — Echezona Nwajagu Chavarria,hector & Rosa Warranty Deed $220k · New Century Mortgage
    Apr 12, 2004 — Hector Chavarria Johnston,christopher Warranty Deed $45k · Nortex Mortgage INC
    Apr 9, 2004 — Rosa Chavarria Johnston,christopher Grant Deed $45k · Jt INC
    Jan 19, 2000 — Christopher Johnston Poindexter,jerry Grant Deed $140k · Sunshine Mortgage Corp
    Apr 21, 1998 — Investco INC Burgin,j C Quit Claim Deed · related —
    Oct 8, 1997 — J C Burgin Dallas County Sheriff Grant Deed · related —
    — — Chris D Johnston — Deed Of Trust · related $203k · Fieldstone Mortgage Co

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Garland
    County
    Dallas
    State
    Texas
    Longitude
    -96.6582
    Latitude
    32.9171
    CBSA code
    19100
    CBSA name
    DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $14,208
    $158,250
    $462,680
    $620,930
    -
    $158,250
    $462,680
    $620,930

    Comparable in this City

    • Value Estimation
      $1,025,000
      31,191 SF

      2101 Walnut St

      APARTMENT HOUSE (5+ UNITS)
      2101 Walnut St, Garland, TX 75042-6784
      View Details
    • Value Estimation
      $680,000
      24,640 SF

      220 Jupiter Rd

      APARTMENT HOUSE (5+ UNITS)
      220 Jupiter Rd, Garland, TX 75042-4420
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    • Value Estimation
      $655,000
      23,320 SF

      114 Jupiter Rd

      APARTMENT HOUSE (5+ UNITS)
      114 Jupiter Rd, Garland, TX 75042-4424
      View Details
    • Value Estimation
      $1,575,000
      124,536 SF

      1302 Shiloh Rd

      APARTMENT HOUSE (5+ UNITS)
      1302 Shiloh Rd, Garland, TX 75042-3901
      View Details
    • Value Estimation
      $755,000
      40,324 SF

      3200 Walnut St

      APARTMENT HOUSE (5+ UNITS)
      3200 Walnut St, Garland, TX 75042-8800
      View Details
    • Value Estimation by Request
      4,803 SF

      2113 Walnut St

      APARTMENT HOUSE (5+ UNITS)
      2113 Walnut St, Garland, TX 75042-8705
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Garland Multifamily Investment Opportunity

      230-unit apartment community in Garland, Texas with value-add potential.
      3100 W Walnut St, Garland, TX 75042
      View Details
    • New
      $559,000
      0.21 Acres

      Renovated Full Duplex Opportunity

      A turn-key full duplex with recent upgrades and one unit currently rented through January 2027.
      105 Garfield St, Garland, TX 75042
      View Details
    • $775,000
      0.24 Acres

      Multi-Family Investment Property

      Four-unit layout with three occupied homes and one vacancy, offering flexible investment and house-hacking potential.
      2117 W Walnut St, Garland, TX 75042
      View Details
    • $1,350,000
      2,022 SF

      Single-Family Home Portfolio Package

      Package of four tenant-occupied homes sold as-is, offering immediate rental income potential in Garland, TX.
      1809 Crockett St, Garland, TX 75042
      View Details
    • Contact for pricing
      20,902 SF

      Multi-Tenant Industrial Value Add Property

      Multi-tenant industrial property with below market rents in Garland, TX.
      325 Gold St, Garland, TX 75042
      View Details
    • Contact for pricing
      6,804 SF

      Garland Development Opportunity

      Prime land in Garland's growing mixed-use district.
      1418 Avenue B, Garland, TX 75042
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      84,055 SF

      Garland Office Space Available

      Office suites available for lease in Garland, Texas.
      1400-1564 N Garland Ave, Garland, TX 75042
      View Details
    • Contact for pricing

      Garland Warehouse and Distribution Space

      58,000 SF warehouse space available for sublease in Garland.
      3102 Miller Park S, Garland, TX 75042
      View Details
    • Contact for pricing
      142,282 SF

      Garland Warehouse Space Available

      Available warehouse space in Garland, Texas, totaling 142,282 square feet.
      4030-4040 Forest Ln, Garland, TX 75042
      View Details
    • Contact for pricing
      8,739 SF

      Renovated Medical Campus Space Available

      Move-in ready medical space with tenant improvement packages.
      601 Clara Barton Blvd, Garland, TX 75042
      View Details
    • Contact for pricing
      45,450 SF

      Industrial Warehouse in Garland, Texas

      151,200 SF warehouse ideal for local and regional distribution.
      3101 Marquis Dr, Garland, TX 75042
      View Details
    • Contact for pricing
      6,987 SF

      Garland Warehouse with Office Space

      Industrial warehouse with office, parking, and two drive-in doors.
      3000 Forest Ln, Garland, TX 75042
      View Details
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    Garland, TX 75042
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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