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Property profile & analytics
OFF-MARKET
Estimated value
$25,870,000
Apartment buildings
2421 Carrier Pkwy Grand Prairie, TX 75051-3896
Individually Owned
5-yr Hold
Absentee Owner
Property ID
US83-3701793
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1983
Construction
FRAME
Total area
383,100 SF
Lot
18.43 ac (802,985 SF)
Zoning code
Z97
APN
28250600010010000
UPID
US83-3701793
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
-
Ecom Willmax Williamsburg LLP Apartment Building
-
Williamsburg Apartments Real Estate Agency
-
Safe Hands Family & Children Daycare Center
-
Denture Repair and Implants Dental Office
-
We Buy Junk Cars Of Grand Prairie Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$22.58M
Blend (final)
Blend
$25.87M
Owner & transaction history
Alonso Z Gutierrez · 5 yrs held
Alonso Z Gutierrez
since 2020
2 recorded transactions
Zoning & alternative use
Z97 · Grand Prairie, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$36.4M
+41.1%
Auto repair, garage
$35.8M
+38.7%
Medical building
$33.6M
+30.2%
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 Grand Prairie submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grand Prairie 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)
$25,800,000
Current use
RETAIL STORES
$36,390,000
Change: +41% · Conversion: Difficult
AUTO REPAIR, GARAGE
$35,775,000
Change: +39% · Conversion: Difficult
MEDICAL BUILDING
$33,595,000
Change: +30% · Conversion: Moderate
OFFICE BUILDING
$32,990,000
Change: +28% · Conversion: Moderate
Blend value · Realmo final
$25.87M
Range $23.28M – $28.46M · ±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
$68 / 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
$621,080
Tax year 2023
Assessed value
$27,000,000
Assessed 2023
Previous assessed
$27,000,000
+0.0% YoY
Effective rate
2.30%
On assessed value
Assessed land
$802,970
Assessed improvement
$26,197,030
Land market value
$802,970
Improvement market value
$26,197,030
Total market value
$27,000,000
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
1983
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Buildings
3
Stories
3
Units
418
Bathrooms
52
Total area
383,100 SF
Lot
18.43 ac (802,985 SF)
Zoning code
Z97
APN
28250600010010000
UPID
US83-3701793
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z97 · Grand Prairie, TX
Zoning Z97 · permitted uses
Z97 · Grand Prairie, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Grand Prairie. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$25.8M
RETAIL STORES
Est. value
$36.4M
AUTO REPAIR, GARAGE
Est. value
$35.8M
MEDICAL BUILDING
Est. value
$33.6M
OFFICE BUILDING
Est. value
$33.0M
APARTMENT HOUSE (5+ UNITS) Current
RETAIL STORES
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
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
1983
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
3
Buildings
3
Units
418
Bathrooms
52
Lot
18.43 ac
Current owner
From public records · entity-resolved
Alonso Z Gutierrez
Individual
Mailing address
15660 DALLAS PKWY STE #1100, DALLAS, TX 75248-3366
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 10, 2020
—
Alonso Z Gutierrez
Mark Colvin
Warranty Deed
related
—
Dec 9, 2015
—
Dalcor Williamsburg Ltd
Ecom Willmax Williamsburg LP
Special Warranty Deed
$23,150,000 · Texas Department Of Housing & Commu
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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