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Property profile & analytics
OFF-MARKET
Estimated value
$740,000
Apartment buildings
2811 Shiloh Rd Garland, TX 75044-7401
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US83-4246650
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1984
Construction
FRAME
Total area
226,524 SF
Lot
10.31 ac (449,016 SF)
Zoning code
Z160
APN
26421650011R30000
UPID
US83-4246650
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
-
Seacrest Apartments Clubhouse Wedding Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$710k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$770k
Blend (final)
Blend
$740k
Owner & transaction history
Omninet Town Centre LP · 12 yrs held
Omninet Town Centre LP
since 2013
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
$710,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$920,000
Current use
Blend value · Realmo final
$740k
Range $666k – $814k · ±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
$3 / 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
$724,111
Tax year 2023
Assessed value
$31,645,570
Assessed 2023
Previous assessed
$31,645,570
+0.0% YoY
Effective rate
2.29%
On assessed value
Assessed land
$1,796,080
Assessed improvement
$29,849,490
Land market value
$1,796,080
Improvement market value
$29,849,490
Total market value
$31,645,570
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
1984
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
3
Units
300
Bathrooms
35
Total area
226,524 SF
Lot
10.31 ac (449,016 SF)
Zoning code
Z160
APN
26421650011R30000
UPID
US83-4246650
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z160 · Garland, TXZoning Z160 · permitted uses
Z160 · Garland, 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$920,000
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
1984
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
3
Units
300
Bathrooms
35
Lot
10.31 ac
Current owner
From public records · entity-resolved
Omninet Town Centre LP
Entity
Mailing address
9420 WILSHIRE BLVD #4, BEVERLY HILLS, CA 90212-3103
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 14, 2017
—
Omninet Town Centre LP
—
Grant Deed
related
$11,700,000 · Berkeley Point Cap
Aug 26, 2013
—
Omninet Town Centre LP
Advenirattown Centre LLC
Trustees Deed
$30,024,618 · Us Bank NA #2011-k14 (ce)
Oct 26, 2012
—
Advenirattown Centre LLC
—
Deed Of Trust
related
$5,600,000 · Berkeley Point Capital LLC
Mar 31, 2011
—
Advenirattown Centre LLC
—
Deed Of Trust
related
$31,000,000 · Db Berkshire Mortgage INC
Sep 1, 2006
—
Advenir Town Centre LLC
Old Dominion Real Estate
Grant Deed
related
—
Nov 21, 2001
—
Old Dominion Real Estate LP
Windsor Partners LP
Grant Deed
related
—
—
—
Omninet Town Centre LP
—
Deed Of Trust
related
$68,900 · Newmark Knight Frank
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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