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Property profile & analytics
OFF-MARKET
Estimated value
$1,360,000
Apartment buildings
403 Small Hl Dr Grand Prairie, TX 75050-5769
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-0604873
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1968
Construction
FRAME
Total area
14,628 SF
Lot
1.3 ac (56,715 SF)
Zoning code
Z190
APN
28148500030040000
UPID
US82-0604873
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
-
Greenhill Apartments Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.33M
Blend (final)
Blend
$1.36M
Owner & transaction history
Spectrum Gulf Coast LLC · 2 yrs held
Spectrum Gulf Coast LLC
since 2023
7 recorded transactions
Zoning & alternative use
Z190 · Grand Prairie, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.0M
+143.0%
Retail stores
$1.8M
+121.9%
Office building
$1.7M
+112.6%
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 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
RESTAURANT
$1,980,000
Change: +143% · Conversion: Difficult
RETAIL STORES
$1,810,000
Change: +122% · Conversion: Difficult
OFFICE BUILDING
$1,735,000
Change: +113% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,605,000
Change: +97% · Conversion: Difficult
MEDICAL BUILDING
$1,065,000
Change: +30% · Conversion: Moderate
Blend value · Realmo final
$1.36M
Range $1.22M – $1.50M · ±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
$93 / 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
$77,290
Tax year 2023
Assessed value
$3,360,000
Assessed 2023
Previous assessed
$3,360,000
+0.0% YoY
Effective rate
2.30%
On assessed value
Assessed land
$170,120
Assessed improvement
$3,189,880
Land market value
$170,120
Improvement market value
$3,189,880
Total market value
$3,360,000
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
1968
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Buildings
5
Stories
2
Total area
14,628 SF
Lot
1.3 ac (56,715 SF)
Zoning code
Z190
APN
28148500030040000
UPID
US82-0604873
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z190 · Grand Prairie, TX
Zoning 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
Grand Prairie. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$2.0M
RETAIL STORES
Est. value
$1.8M
OFFICE BUILDING
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.1M
RESTAURANT
RETAIL STORES
OFFICE BUILDING
AUTO REPAIR, GARAGE
MEDICAL 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
1968
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
2
Buildings
5
Lot
1.3 ac
Current owner
From public records · entity-resolved
Spectrum Gulf Coast LLC
Entity
Free & Clear · 2 yrs held
Mailing address
125 E JOHN CARPENTER FWY STE 525TH IRVING
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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
Sep 28, 2023
—
Spectrum Gulf Coast LLC
M3 Equity LLC
Agreement Of Sale
—
Apr 30, 2013
—
M3 Equity LLC
Lmm Properties LLC
Grant Deed
related
—
Feb 2, 2012
—
Lmm Properties LLC
Conneally John F & N Trust
Grant Deed
related
—
May 13, 2010
—
Lmm Properties LLC
Conneally J & N Living Trust
Grant Deed
related
—
Apr 6, 2010
—
Conneally John F & N Living Trust
Conneally,john & Norma
Quit Claim Deed
related
—
Nov 2, 2009
—
Lmm Properties LLC
Conneally,john & Norma
Warranty Deed
$778,303 · Us Bancorp
Jan 9, 2009
—
John Conneally
Greenhill Apartments LLC
Grant Deed
$50,000 · Us Bancorp
—
—
M3 Equity LLC
—
Deed Of Trust
related
$1,400,000 · Prudential Multifamily Mtg
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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