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Property profile & analytics
OFF-MARKET
Estimated value
$1,675,000
Apartment buildings
321 5th St Grand Prairie, TX 75051-1657
Entity Owned
10-yr Hold
Property ID
US82-1474752
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1961
Construction
FRAME
Total area
18,438 SF
Lot
1.13 ac (49,353 SF)
Zoning code
Z190
APN
28050500050020000
UPID
US82-1474752
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
$1.71M
Blend (final)
Blend
$1.68M
Owner & transaction history
Woodoak Corporation · 10 yrs held
Woodoak Corporation
since 2016
7 recorded transactions
Zoning & alternative use
Z190 · Grand Prairie, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.5M
+99.0%
Restaurant
$2.4M
+90.7%
Retail stores
$1.8M
+41.1%
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)
$1,240,000
Current use
COMMERCIAL (GENERAL)
$2,470,000
Change: +99% · Conversion: Moderate
RESTAURANT
$2,370,000
Change: +91% · Conversion: Difficult
RETAIL STORES
$1,750,000
Change: +41% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,720,000
Change: +39% · Conversion: Difficult
MEDICAL BUILDING
$1,615,000
Change: +30% · Conversion: Moderate
OFFICE BUILDING
$1,590,000
Change: +28% · Conversion: Moderate
Blend value · Realmo final
$1.68M
Range $1.51M – $1.84M · ±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
$91 / 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
$71,309
Tax year 2023
Assessed value
$3,100,000
Assessed 2023
Previous assessed
$3,100,000
+0.0% YoY
Effective rate
2.30%
On assessed value
Assessed land
$49,350
Assessed improvement
$3,050,650
Land market value
$49,350
Improvement market value
$3,050,650
Total market value
$3,100,000
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
1961
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
2
Units
56
Total area
18,438 SF
Lot
1.13 ac (49,353 SF)
Zoning code
Z190
APN
28050500050020000
UPID
US82-1474752
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z190 · Grand Prairie, TXZoning Z190 · permitted uses
Z190 · Grand Prairie, 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
$1.2M
COMMERCIAL (GENERAL)
Est. value
$2.5M
RESTAURANT
Est. value
$2.4M
RETAIL STORES
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.6M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
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
1961
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
2
Buildings
2
Units
56
Lot
1.13 ac
Current owner
From public records · entity-resolved
Woodoak Corporation
Entity
Mailing address
PO BOX 271001, FLOWER MOUND, TX 75027-1001
Ownership since
2016
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
Jul 11, 2016
—
Woodoak Corporation
Mmar Holdings LLC Series A
Venders Lien
$1,200,000 · Wells Fargo Bank NA
Jul 3, 2013
—
Mmar Holdings LLC Series A
Payal Investments LLC
Grant Deed
related
$950,000 · Miller Lance & Keri Tr (pt)
Jan 4, 2011
$500,000
Lasalle Coml Mtg Sec 2005-mf1
Weinberg,patricia
Trustees Deed
related
—
Apr 5, 2010
—
Dan C Taver
Savannah Square Apartments INC
Warranty Deed
related
—
Nov 24, 2009
—
Savannah Square Apartments INC
Euro Capital Funding Group INC
Warranty Deed
related
—
Nov 20, 2009
—
Euro Capital Funding Group INC
Tarver,dan C
Warranty Deed
related
—
—
—
Woodoak Corp
—
Deed Of Trust
related
$2,000,000 · Wells Fargo Bk
—
—
Mmar Holdings LLC Series A
—
Deed Of Trust
related
$879,300 · Accessbank
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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