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Property profile & analytics
OFF-MARKET
Estimated value
$620,000
Retail space
2457 Midway Rd REK Carrollton, TX 75006-2503
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US83-3140840
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1995
Construction
FRAME
Total area
3,600 SF
Lot
0.71 ac (30,779 SF)
Zoning code
Z123
APN
141080000A0040000
UPID
US83-3140840
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
-
Tide Cleaners (Bike/Boat/Book/etc) Store
-
Expression Inc Leather Cleaning Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$606k
Blend (final)
Blend
$620k
Owner & transaction history
Ten O Four LLC · 2 yrs held
Ten O Four LLC
since 2023
7 recorded transactions
Zoning & alternative use
Z123 · Carrollton, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$540,000
+31.2%
Commercial (general)
$465,000
+13.5%
Auto repair, garage
$425,000
+3.0%
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 Carrollton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Carrollton 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
RETAIL STORES
$410,000
Current use
OFFICE BUILDING
$540,000
Change: +31% · Conversion: Easy
COMMERCIAL (GENERAL)
$465,000
Change: +13% · Conversion: Easy
AUTO REPAIR, GARAGE
$425,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$620k
Range $558k – $682k · ±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
$172 / 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
$19,483
Tax year 2023
Assessed value
$922,150
Assessed 2023
Previous assessed
$922,150
+0.0% YoY
Effective rate
2.11%
On assessed value
Assessed land
$384,740
Assessed improvement
$537,410
Land market value
$384,740
Improvement market value
$537,410
Total market value
$922,150
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1995
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
3,600 SF
Lot
0.71 ac (30,779 SF)
Zoning code
Z123
APN
141080000A0040000
UPID
US83-3140840
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z123 · Carrollton, TXZoning Z123 · permitted uses
Z123 · Carrollton, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$410,000
OFFICE BUILDING
Est. value
$540,000
COMMERCIAL (GENERAL)
Est. value
$465,000
AUTO REPAIR, GARAGE
Est. value
$425,000
RETAIL STORES Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1995
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.71 ac
Current owner
From public records · entity-resolved
Ten O Four LLC
Entity
Mailing address
624 HC 62, DATIL, NM 87821-9601
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 28, 2023
—
Ten O Four LLC
2457 Midway Cleaners LLC
Warranty Deed
$1,500,000 · Citizens Bank Of Las Cruces
Jul 9, 2020
—
2457 Midway Cleaners LLC
—
Deed
related
$500,000 · Plainscapital Bank
Aug 20, 2018
—
2457 Midway Cleaners LLC
Valres Two-arc INC
Grant Deed
$725,000 · Plainscapital Bk
Aug 3, 2017
$675,907
Val Res Two-arc INC
Ortolani Shelley|mdc Midway Of Belmead LLC
Trustees Deed
—
—
—
Mdc Midway Of Belmead LLC
—
Deed Of Trust
related
$770,000 · First National Bank
—
—
Morteza Saki
—
Deed Of Trust
related
$220,000 · Taiebeh Damanabi
—
—
Morteza Saki
—
Deed Of Trust
related
$770,000 · First National Bank
—
—
Morteza Saki
—
Deed Of Trust
related
$20,350 · Property Tax Solutions
—
—
Morteza Saki
—
Deed Of Trust
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.
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