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Property profile & analytics
OFF-MARKET
Estimated value
$1,625,000
Showrooms
2260 Merritt Dr Garland, TX 75041-6137
Entity Owned
2-yr Hold
Free & Clear
Property ID
US82-3383577
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1986
Construction
TILT-UP CONCRETE
Total area
62,407 SF
Lot
4.13 ac (179,816 SF)
Zoning code
Z144
APN
26346450010010000
UPID
US82-3383577
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
-
Pro SPa Inc Spa & Massage Center
-
Andrews Corp Big Box & Wholesale Store Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.63M
Owner & transaction history
Core Pbsfr Rowlett Castle LLC · 2 yrs held
Core Pbsfr Rowlett Castle LLC
since 2023
5 recorded transactions
Zoning & alternative use
Z144 · Garland, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$26 / 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
$83,408
Tax year 2023
Assessed value
$3,645,130
Assessed 2023
Previous assessed
$3,645,130
+0.0% YoY
Effective rate
2.29%
On assessed value
Assessed land
$719,350
Assessed improvement
$2,925,780
Land market value
$719,350
Improvement market value
$2,925,780
Total market value
$3,645,130
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
1986
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
62,407 SF
Lot
4.13 ac (179,816 SF)
Zoning code
Z144
APN
26346450010010000
UPID
US82-3383577
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z144 · Garland, TXZoning Z144 · permitted uses
Z144 · Garland, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1986
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
4.13 ac
Current owner
From public records · entity-resolved
Core Pbsfr Rowlett Castle LLC
Entity
Free & Clear · 2 yrs held
Mailing address
2260 MERRITT DR, GARLAND, TX 75041-6137
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 24, 2023
—
Core Pbsfr Rowlett Castle LLC
Michael T Merritt
Special Warranty Deed
—
Aug 2, 2017
—
2260 Merritt LLC
—
Deed
related
$975,000 · Capital One NA
Mar 14, 2017
—
2260 Merritt LLC
Pro Spa INC
Warranty Deed
related
—
Dec 20, 2006
—
Pro Spa INC
First Industrial Texas
Grant Deed
$1,310,547 · Compass Bank
—
—
2260 Merritt LLC
—
Deed Of Trust
related
$975,000 · Capital One NA
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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