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Property profile & analytics
OFF-MARKET
Estimated value
$1,445,000
Apartment buildings
2414 Macarthur Blvd Irving, TX 75062-5405
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-2363465
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1969
Construction
FRAME
Total area
294,460 SF
Lot
14.78 ac (643,904 SF)
Zoning code
Z392
APN
65072803510340000
UPID
US82-2363465
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.45M
Owner & transaction history
Macarthur Place Borrower LLC · 5 yrs held
Macarthur Place Borrower LLC
since 2020
5 recorded transactions
Zoning & alternative use
Z392 · Irving, 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 Irving submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Irving 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
$5 / 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
$634,595
Tax year 2023
Assessed value
$29,346,150
Assessed 2023
Previous assessed
$29,346,150
+0.0% YoY
Effective rate
2.16%
On assessed value
Assessed land
$5,151,230
Assessed improvement
$24,194,920
Land market value
$5,151,230
Improvement market value
$24,194,920
Total market value
$29,346,150
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
1969
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
294
Total area
294,460 SF
Lot
14.78 ac (643,904 SF)
Zoning code
Z392
APN
65072803510340000
UPID
US82-2363465
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z392 · Irving, TX
Zoning Z392 · permitted uses
Z392 · Irving, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Irving. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1969
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
294
Lot
14.78 ac
Current owner
From public records · entity-resolved
Macarthur Place Borrower LLC
Entity
Mailing address
461 5TH AVE FL #16, NEW YORK, NY 10017-7718
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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
Oct 2, 2020
—
Macarthur Place Borrower LLC
Macarthur Place Apartments LP
Quit Claim Deed
related
$46,614,000 · Northmarq Cap
Jun 24, 2019
—
Macarthur Place Apartments LP
Wth Properties LLC
Grant Deed
$42,014,000 · Miscellaneous Ins Co
Oct 4, 2011
—
Oak Villas Apartments LLC
Wells Fargo Bk NA 2003-2
Grant Deed
$10,500,000 · Arbor Realty SR INC
Jan 6, 2009
—
Wells Fargo Bk NA Trust
Owner Name Unavailable
Grant Deed
related
—
Apr 6, 1999
—
Woodcrest Partners LP
2400 Macarthur Ltd
Grant Deed
related
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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