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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Medical Office Space
323 Shiloh Rd Garland, TX 75042-6610
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US82-6078963
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2012
Construction
FRAME
Total area
6,000 SF
Lot
0.59 ac (25,700 SF)
Zoning code
Z247
APN
26289700010030000
UPID
US82-6078963
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
-
Pediatric And Adolescent Medicine Hospital Children's Hospital
-
Dr. Carla Cole Pediatrician Medical Clinic
-
Garland Kids Clinic Medical Clinic
-
healthykidsgarland Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$440k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$595k
Blend (final)
Blend
$515k
Owner & transaction history
Cole Eaton Realty LLC · 14 yrs held
Cole Eaton Realty LLC
since 2012
4 recorded transactions
Zoning & alternative use
Z247 · Garland, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$795,000
+102.3%
Auto repair, garage
$750,000
+91.3%
Retail stores
$585,000
+49.6%
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
$440,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$390,000
Current use
RESTAURANT
$795,000
Change: +102% · Conversion: Difficult
AUTO REPAIR, GARAGE
$750,000
Change: +91% · Conversion: Difficult
RETAIL STORES
$585,000
Change: +50% · Conversion: Difficult
OFFICE BUILDING
$405,000
Change: +3% · Conversion: Easy
Blend value · Realmo final
$515k
Range $464k – $567k · ±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
$86 / 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
$27,115
Tax year 2023
Assessed value
$1,185,000
Assessed 2023
Previous assessed
$1,185,000
+0.0% YoY
Effective rate
2.29%
On assessed value
Assessed land
$77,100
Assessed improvement
$1,107,900
Land market value
$77,100
Improvement market value
$1,107,900
Total market value
$1,185,000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2012
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
6,000 SF
Lot
0.59 ac (25,700 SF)
Zoning code
Z247
APN
26289700010030000
UPID
US82-6078963
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z247 · Garland, TXZoning Z247 · permitted uses
Z247 · 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
MEDICAL BUILDING Current
Est. value
$390,000
RESTAURANT
Est. value
$795,000
AUTO REPAIR, GARAGE
Est. value
$750,000
RETAIL STORES
Est. value
$585,000
OFFICE BUILDING
Est. value
$405,000
MEDICAL BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
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
2012
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.59 ac
Current owner
From public records · entity-resolved
Cole Eaton Realty LLC
Entity
Mailing address
323 N SHILOH RD, GARLAND, TX 75042-6610
Ownership since
2012
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
Jan 16, 2024
—
Cole Eaton Realty LLC
—
Deed
related
$568,000 · Jpmorgan Chase Bank NA
Mar 30, 2012
—
Cole Eaton Realty LLC
Kc Investments
Warranty Deed
$568,000 · Jpmorgan Chase Bank NA
—
—
Cole-eaton Realty LLC
—
Deed Of Trust
related
$356,000 · Greater E Tx Certified Dev
—
—
Cole-eaton Realty LLC
—
Loan Modification
related
—
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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