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Property profile & analytics
FOR SALE
Apartment buildings
315 N Merrill Ave Duncanville, TX 75116
Entity Owned
5-yr Hold
Absentee Owner
Property ID
US82-1756655
For Sale
1 / 32
$625,000
315 N Merrill Ave, Duncanville, TX 75116
View Listing →
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1955
Construction
FRAME
Total area
5,229 SF
Lot
0.28 ac (11,981 SF)
Zoning code
Z326
APN
22111500030010000
UPID
US82-1756655
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Vp Reliable Home Builders LLC · 5 yrs held
Vp Reliable Home Builders LLC
since 2021
7 recorded transactions
Zoning & alternative use
Z326 · Duncanville, 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 Duncanville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Duncanville 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$12,153
Tax year 2023
Assessed value
$534,400
Assessed 2023
Previous assessed
$534,400
+0.0% YoY
Effective rate
2.27%
On assessed value
Assessed land
$45,000
Assessed improvement
$489,400
Land market value
$45,000
Improvement market value
$489,400
Total market value
$534,400
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
For Sale
Year built
1955
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
1
Bathrooms
3
Total area
5,229 SF
Lot
0.28 ac (11,981 SF)
Zoning code
Z326
APN
22111500030010000
UPID
US82-1756655
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z326 · Duncanville, TX
Zoning Z326 · permitted uses
Z326 · Duncanville, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Duncanville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1955
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
1
Bathrooms
3
Lot
0.28 ac
Current owner
From public records · entity-resolved
Vp Reliable Home Builders LLC
Entity
Mailing address
1548 BROOKVIEW DR, LANCASTER, TX 75146-9707
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 2, 2021
—
Vp Reliable Home Builders LLC
Merrill Ave Properties LLC
Venders Lien
$280,000 · Easy Street Capital Investments LLC
Mar 28, 2019
—
Rae M S Crouch
Sessions,marion F
Grant Deed
related
—
Jun 2, 2011
—
Bishop Firehouse Ltd
Mara INC
Warranty Deed
$60,000 · Herbert T & Mary F Thach
Nov 1, 2010
—
Mara INC
Thach,herbert T & Mary O
Warranty Deed
related
—
—
—
Herbert T Thach
—
Deed Of Trust
related
$236,250 · Countrywide Bank
—
—
Herbert T Thach
—
Deed Of Trust
related
$1 · Hud
—
—
Herbert T Thach
—
Deed Of Trust
related
$236,250 · Countrywide Bank
—
—
Herbert T Thach
—
Deed Of Trust
related
$236,250 · Hud
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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