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Property profile & analytics
OFF-MARKET
Estimated value
$4,660,000
Apartment buildings
238 Oates Rd Garland, TX 75043-3444
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US82-1914983
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1981
Construction
FRAME
Total area
190,106 SF
Lot
12.31 ac (536,136 SF)
Zoning code
Z160
APN
26381700010010000
UPID
US82-1914983
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
-
Barrett Apartment Homes Apartment Building Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.66M
Owner & transaction history
Spectrum Gulf Coast LLC · 2 yrs held
Spectrum Gulf Coast LLC
since 2024
7 recorded transactions
Zoning & alternative use
Z160 · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$6,925,000
Current use
Blend value · Realmo final
$4.66M
Range $4.19M – $5.13M · ±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
$25 / 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
$594,930
Tax year 2023
Assessed value
$26,000,000
Assessed 2023
Previous assessed
$26,000,000
+0.0% YoY
Effective rate
2.29%
On assessed value
Assessed land
$2,144,610
Assessed improvement
$23,855,390
Land market value
$2,144,610
Improvement market value
$23,855,390
Total market value
$26,000,000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1981
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
199
Bathrooms
36
Total area
190,106 SF
Lot
12.31 ac (536,136 SF)
Zoning code
Z160
APN
26381700010010000
UPID
US82-1914983
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z160 · Garland, TX
Zoning Z160 · permitted uses
Z160 · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$6.9M
APARTMENT HOUSE (5+ UNITS) Current
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
1981
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
199
Bathrooms
36
Lot
12.31 ac
Current owner
From public records · entity-resolved
Spectrum Gulf Coast LLC
Entity
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 10, 2024
—
Spectrum Gulf Coast LLC
Esendias 238 Oates LLC
Agreement Of Sale
—
Oct 10, 2023
—
Argentic Real Estate Investment 2 L
—
Deed
related
$28,250,000 · Argentic Real Estate Investment 2 LLC
Dec 1, 2022
—
Esencias 238 Oates LLC
Esencia 238 Oates LLC
Intrafamily Transfer
related
$28,250,000 · Argentic Real Estate Investment 2 L
Mar 30, 2020
—
Esencia 238 Oates LLC
Ds LP
Grant Deed
$16,500,000 · Arbor Com'l Fndg I LLC
Apr 3, 2018
—
Parque Ds LP
—
Deed
related
$16,500,000 · Arbor Com'l Fndg I LLC
Dec 27, 2016
—
Parque Ds LP
Parque Del Sol LP
Quit Claim Deed
related
$12,800,000 · Arbor Com'l Fndg I LLC
Jul 10, 2014
—
Parque Del Sol LP
Post Mag Pcf I LLC
Grant Deed
$5,396,211 · Federal Nat'l Mtg Assn (fnma)
Jun 3, 2011
—
Post Mag Pcf I LLC
Wells Fargo Bk 2002-ckn2
Grant Deed
$5,467,000 · Wells Fargo Bank
Oct 5, 2010
$5,550,000
First Boston Mtg Sec 2002ckn2
Maxwell,wyatt
Trustees Deed
related
—
—
—
Parque Ds LP
—
Deed Of Trust
related
$16,500,000 · Arbor Com'l Fndg I LLC
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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