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Property profile & analytics
OFF-MARKET
Estimated value
$6,485,000
Apartment buildings
313 Freetown Rd Grand Prairie, TX 75051-3939
Individually Owned
24-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-3141099
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1975
Construction
FRAME
Total area
84,162 SF
Lot
7 ac (304,920 SF)
Zoning code
Z236
APN
28206500010011200
UPID
US82-3141099
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
-
Prairie Ridge Apartment Building
-
Zeek the Plumbing Pro Plumbing Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.77M
Blend (final)
Blend
$6.49M
Owner & transaction history
Amerisouth Xxii Ltd · 24 yrs held
Amerisouth Xxii Ltd
since 2001
4 recorded transactions
Zoning & alternative use
Z236 · Grand Prairie, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$10.8M
+90.7%
Retail stores
$8.0M
+41.1%
Auto repair, garage
$7.9M
+38.7%
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)
$5,665,000
Current use
RESTAURANT
$10,810,000
Change: +91% · Conversion: Difficult
RETAIL STORES
$7,995,000
Change: +41% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,860,000
Change: +39% · Conversion: Difficult
MEDICAL BUILDING
$7,380,000
Change: +30% · Conversion: Moderate
OFFICE BUILDING
$7,245,000
Change: +28% · Conversion: Moderate
Blend value · Realmo final
$6.49M
Range $5.84M – $7.13M · ±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
$77 / 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
$186,324
Tax year 2023
Assessed value
$8,100,000
Assessed 2023
Previous assessed
$8,100,000
+0.0% YoY
Effective rate
2.30%
On assessed value
Assessed land
$304,920
Assessed improvement
$7,795,080
Land market value
$304,920
Improvement market value
$7,795,080
Total market value
$8,100,000
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
1975
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
100
Total area
84,162 SF
Lot
7 ac (304,920 SF)
Zoning code
Z236
APN
28206500010011200
UPID
US82-3141099
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z236 · Grand Prairie, TX
Zoning Z236 · permitted uses
Z236 · 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
$5.7M
RESTAURANT
Est. value
$10.8M
RETAIL STORES
Est. value
$8.0M
AUTO REPAIR, GARAGE
Est. value
$7.9M
MEDICAL BUILDING
Est. value
$7.4M
OFFICE BUILDING
Est. value
$7.2M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
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
1975
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
100
Lot
7 ac
Current owner
From public records · entity-resolved
Amerisouth Xxii Ltd
Individual
Mailing address
4445 WILLARD AVE STE #900, CHEVY CHASE, MD 20815-3788
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2001
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 2, 2001
—
Amerisouth Xxii Ltd
313 Freetown Ltd
Grant Deed
$2,000,000 · Key Bank NA
—
—
Amerisouth Xxil Ltd
—
Deed Of Trust
related
$4,108,500 · Simmons Bk
—
—
Amerisouth Xxii Ltd
—
Deed Of Trust
related
$2,720,000 · Mortgages USA
—
—
Amerisouth Xxii Ltd
—
Deed Of Trust
related
$2,400,000 · Key Bank NA
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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