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    Property profile & analytics

    2713 Wimbledon Ct Garland, TX 75041-6611

    • Apartment buildings
    • 4,160 SF
    • 0.20 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4931645
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Apartment buildings

    Property Details for 2713 Wimbledon Ct

    Year built
    1986
    Construction
    FRAME
    Lot size
    0.20 lot acres
    Property size
    4,160 SF
    Zone code
    Z390
    Property type
    Apartment buildings
    APN
    26173610020040000
    APU
    26173610020040000

    Description

    This exceptional two-story, fourplex apartment building presents a compelling investment opportunity in the desirable Garland, Texas market. Located at 2713 Wimbledon Court, 75041, this 4,160 square foot property sits on a 0.2-acre lot (8,886 square feet) and boasts a prime location near Garland Road and I-635, ensuring convenient access to major thoroughfares. Built in 1986, the property comprises four townhouse-style units, each featuring two bedrooms and 1.5 bathrooms. Current gross monthly rent totals $3,895, with individual unit rents starting at $950 and reaching $1,005. Tenants are responsible for all utilities. Recent improvements include the replacement of two HVAC units within the last two years, and units feature updated ceramic tile or luxury vinyl plank (LVP) flooring. Comparable remodeled units in the area command rents exceeding $1,300, indicating significant potential for rental income growth. This property offers an excellent opportunity for immediate cash flow and long-term appreciation, making it an ideal addition to any investment portfolio. The property's strong location and recent upgrades combine to create a compelling investment opportunity with significant upside potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Garland
    County
    Dallas
    State
    Texas
    Longitude
    -96.6605
    Latitude
    32.8815
    CBSA code
    19100
    CBSA name
    DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $11,244
    $40,000
    $451,410
    $491,410
    -
    $40,000
    $451,410
    $491,410

    Comparable in this City

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      1320 Kingsley Rd

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    • Value Estimation
      $14,470,000
      133,249 SF

      1001 Centerville Rd

      APARTMENT HOUSE (5+ UNITS) • 133,249 SF
      1001 Centerville Rd, Garland, TX 75041-3641
      View Details
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      $1,450,000
      32,480 SF

      1701 Centerville Rd

      APARTMENT HOUSE (5+ UNITS) • 32,480 SF
      1701 Centerville Rd, Garland, TX 75041-2137
      View Details
    • Value Estimation
      $12,995,000
      119,252 SF

      4420 Saturn Rd

      APARTMENT HOUSE (5+ UNITS) • 119,252 SF
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    • Value Estimation by Request
      4,160 SF

      1926 Cranford Dr

      APARTMENT HOUSE (5+ UNITS) • 4,160 SF
      1926 Cranford Dr, Garland, TX 75041-6338
      View Details
    • Value Estimation by Request
      4,160 SF

      2813 Wimbledon Ct

      APARTMENT HOUSE (5+ UNITS) • 4,160 SF
      2813 Wimbledon Ct, Garland, TX 75041-6606
      View Details

    Similar Nearby for Sale

    • $675,000
      0.20 Acres

      Turnkey Garland Townhome-Style Fourplex

      Fully leased, income-producing fourplex with townhome-style units and recent renovations.
      2722 Wimbledon Ct, Garland, TX 75041
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    • New
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      1.26 Acres

      Seq I-635 & Centerville Rd

      Land • 1.26 Acres
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      Garland Commercial Land Opportunity

      Prime 22,782 SF Commercial Lot
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      Secured Outside Storage Warehouse

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      Garland Commercial Land for Sale

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    Similar Nearby for Lease

    • $1,275 /Mo

      Updated Townhome Near Highway 78

      Updated 2-bedroom, 1.5-bathroom townhome in Garland, near Highway 78.
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    • $10 SF/Yr
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      Garland, TX Retail Box Store

      High-traffic location, 34,456 SF, 173 parking spaces
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      View Details
    • $18 SF/Yr
      39,426 SF

      Towngate Plaza Retail Center

      Garland, TX Retail Space Available
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      20,167 SF

      Garland Executive Office Space

      Prime Garland location, 5,068 sq ft available.
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    • Contact for pricing

      Garland Land for Lease

      11.93 acres of commercial land available for lease.
      800 E Kingsley Rd, Garland, TX 75041
      View Details
    • Contact for pricing
      6,050 SF

      Retail Space in Garland, Texas

      Fiesta-anchored shopping center with 6,050 SF endcap available for rent.
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      View Details
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    Garland, TX 75041-6611
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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