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    2121 Marsh Ln Carrollton, TX 75006-4924
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    Property profile & analytics

    2121 Marsh Ln Carrollton, TX 75006-4924

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    • Apartment buildings
    • 189,268 SF
    • 10.88 lot acres
    Off-Market
    Property ID
    US82-0186485
    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
    $1,530,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Keller Oaks / Real Estate Agency
    • WClo / Television Studio / Media Distribution
    • Nep snacks / Restaurant
    • Jarkeese Stylez / Clothing Store
    • Holy Sacrament Church성례교회 / Church

    Property Details for 2121 Marsh Ln

    Year built
    1979
    Construction
    FRAME
    Lot size
    10.88 lot acres
    Property size
    189,268 SF
    Zone code
    Z235
    Property type
    Apartment buildings
    APN
    65092373010540000
    APU
    65092373010540000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $1,970,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Carrollton
    County
    Dallas
    State
    Texas
    Longitude
    -96.8546
    Latitude
    32.9676
    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
    $633,849
    $1,896,390
    $28,103,610
    $30,000,000
    -
    $1,896,390
    $28,103,610
    $30,000,000

    Comparable in this City

    • Value Estimation
      $2,460,000
      251,072 SF

      2300 Marsh Ln

      APARTMENT HOUSE (5+ UNITS) • 251,072 SF
      2300 Marsh Ln, Carrollton, TX 75006-4851
      View Details
    • Value Estimation
      $720,000
      56,200 SF

      3560 Country Sq Dr

      APARTMENT HOUSE (5+ UNITS) • 56,200 SF
      3560 Country Sq Dr, Carrollton, TX 75006-6797
      View Details
    • Value Estimation
      $1,295,000
      171,740 SF

      2750 Trinity Mls Rd

      APARTMENT HOUSE (5+ UNITS) • 171,740 SF
      2750 Trinity Mls Rd, Carrollton, TX 75006-2193
      View Details
    • Value Estimation
      $520,000
      26,160 SF

      1310 School Rd

      APARTMENT HOUSE (5+ UNITS) • 26,160 SF
      1310 School Rd, Carrollton, TX 75006-8901
      View Details
    • Value Estimation
      $1,125,000
      69,625 SF

      2210 Marsh Ln

      APARTMENT HOUSE (5+ UNITS) • 69,625 SF
      2210 Marsh Ln, Carrollton, TX 75006-2664
      View Details
    • Value Estimation
      $1,125,000
      148,020 SF

      1050 Park Ave

      APARTMENT HOUSE (5+ UNITS) • 148,020 SF
      1050 Park Ave, Carrollton, TX 75006-4096
      View Details

    Similar Nearby for Sale

    • $325,000
      0.34 Acres

      Residential Lots in Grace Woods

      Seven vacant residential lots available in Carrollton's Grace Woods.
      1604 Rosetree Ln, Carrollton, TX 75006
      View Details
    • $499,000
      0.38 Acres

      Carrollton Land Parcel on I-35E

      Unimproved land parcel in prime Carrollton location near I-35E.
      1610 S Interstate 35E, Carrollton, TX 75006
      View Details
    • Contact for pricing
      3,600 SF

      Carrollton Auto Shop For Sale

      Auto shop in central Carrollton with strong tenant mix.
      2016 Keller Springs Rd, Carrollton, TX 75006
      View Details
    • Contact for pricing
      4,500 SF

      Retail Space Available For Rent

      7,700 SF retail space with multiple suites available.
      2202 Heads Ln, Carrollton, TX 75006
      View Details
    • $250,000
      0.25 Acres

      Residential Lots in Grace Woods

      Seven vacant residential lots in Carrollton's Grace Woods Subdivision.
      1620 Rosetree Ln, Carrollton, TX 75006
      View Details
    • $250,000
      0.23 Acres

      Residential Lots in Grace Woods

      Seven vacant residential lots available in Carrollton's Grace Woods.
      1612 Rosetree Ln, Carrollton, TX 75006
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space Available in Carrollton

      Retail suites available with high traffic counts and nearby apartments.
      2155 Marsh Ln, Carrollton, TX 75006
      View Details
    • Contact for pricing

      Carrollton Flex Space For Rent

      Flex space in desirable Valwood area, near major highways.
      1208-1216 Tappan Cir, Carrollton, TX 75006
      View Details
    • Contact for pricing

      Distribution Warehouse Available For Lease

      Distribution warehouse space available for lease starting April 1, 2024.
      2305 E Belt Line Rd, Carrollton, TX 75006
      View Details
    • Contact for pricing
      29,845 SF

      Industrial Space with Outside Storage

      Available industrial space suitable for various business needs.
      1401 Dunn Dr, Carrollton, TX 75006
      View Details
    • Contact for pricing
      31,835 SF

      Carrollton Warehouse Space Available

      End-cap warehouse space with rear loading and multiple doors.
      1215 W Crosby Rd, Carrollton, TX 75006
      View Details
    • Contact for pricing
      1 SF

      Retail Space in Carrollton Center

      Retail space in neighborhood strip center with high visibility.
      2204 Kelly Blvd, Carrollton, TX 75006
      View Details
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    2121 Marsh Ln
    Carrollton, TX 75006-4924
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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.

    More about this property
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