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    4049 Samuell Blvd Mesquite, TX 75149-1110
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    Property profile & analytics

    4049 Samuell Blvd, Mesquite, TX 75149-1110

    View on Map
    • Apartment buildings
    • 139,592 SF
    • 10.05 lot acres
    Off-Market
    Property ID
    US83-3657893
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,755,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Tripointe Square / Apartment Complex
    • Tri Pointe Square Apartments / Apartment Complex

    Property Details for 4049 Samuell Blvd

    Year built
    1981
    Construction
    FRAME
    Lot size
    10.05 lot acres
    Zone code
    Z237
    Property type
    Apartment buildings
    APN
    380001500A0020000
    APU
    380001500A0020000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 12, 2005 — Av Elmwood Ltd Elmwood Gardens Partners LLP Quit Claim Deed · related —
    Jun 10, 2004 — Elmwood Gardens Partners LLP Vision R/e Investments INC Grant Deed · related —
    Apr 21, 2003 — Vision Real Estate Investments Texas Bay Elmwood Gardens LP Grant Deed $5.5M · Green Park Financial LP
    Jun 26, 2000 — Texas Bay Elmwood Gardens LP Wmfmt Real Estate LP Grant Deed $4.3M · Bank United

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,145,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,366,000
      Market price range: $727k - $4.20M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $2,050,000
      Current use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Mesquite
    County
    Dallas
    State
    Texas
    Longitude
    -96.6609
    Latitude
    32.7936
    CBSA code
    19100
    CBSA name
    DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $406,287
    $1,860,190
    $15,543,810
    $17,404,000
    -
    $1,860,190
    $15,543,810
    $17,404,000

    Comparable in this City

    • Value Estimation
      $1,060,000
      60,628 SF

      800 Cartwright Rd

      APARTMENT HOUSE (5+ UNITS)
      800 Cartwright Rd, Mesquite, TX 75149-5740
      View Details
    • Value Estimation
      $585,000
      17,588 SF

      601 Matador Ln

      APARTMENT HOUSE (5+ UNITS)
      601 Matador Ln, Mesquite, TX 75149
      View Details
    • Value Estimation
      $1,215,000
      163,276 SF

      100 Highland Vlg Dr

      APARTMENT HOUSE (5+ UNITS)
      100 Highland Vlg Dr, Mesquite, TX 75149
      View Details
    • Value Estimation
      $875,000
      36,456 SF

      1413 Range Dr

      APARTMENT HOUSE (5+ UNITS)
      1413 Range Dr, Mesquite, TX 75149-1691
      View Details
    • Value Estimation
      $855,000
      33,936 SF

      1409 Range Dr

      APARTMENT HOUSE (5+ UNITS)
      1409 Range Dr, Mesquite, TX 75149-1689
      View Details
    • Value Estimation
      $2,820,000
      298,150 SF

      933 Cartwright Rd

      APARTMENT HOUSE (5+ UNITS)
      933 Cartwright Rd, Mesquite, TX 75149-6987
      View Details

    Similar Nearby for Sale

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      0.32 Acres

      Mixed-Use Redevelopment Property

      MU-zoned acreage with a 1940 home and high-visibility traffic, offering value-add or redevelopment options with multiple exit strategies.
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    • $550,000
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      Residential Development Land Corner

      Corner lot with utilities on SH-352, plus existing structures and pond, offering flexibility for residential or redevelopment plans.
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    • $550,000
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      Corner Residential Development Site

      Fenced corner lot with utilities and existing structures, offering multiple paths for development, rehab, or redevelopment.
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    • $535,000
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      Mesquite Commercial Land Opportunity

      Half-acre lot, prime Mesquite location.
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      Mesquite Development Opportunity

      High-value land, residential zoning.
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    Similar Nearby for Lease

    • Contact for pricing

      Medical Office Space Available

      One-story medical building with strong visibility and ample parking.
      1611 N Belt Line Rd, Mesquite, TX 75149
      View Details
    • Contact for pricing

      Retail/Office Space Near Hospital

      Move-in ready space ideal for retail, medical, or professional services.
      125 E Grubb Dr, Mesquite, TX 75149
      View Details
    • Contact for pricing
      1,650 SF

      New Retail/Office/Medical Space Available

      New construction retail, office, or medical space for lease.
      955 W Cartwright Rd, Mesquite, TX 75149
      View Details
    • Contact for pricing
      150 SF

      All Bills Paid Office Space

      Office space for rent with all bills paid.
      609 N Ebrite St, Mesquite, TX 75149
      View Details
    • Contact for pricing
      186,720 SF

      Mesquite Warehouse Space Available

      186,720 square foot warehouse space for lease in Mesquite.
      4401 Samuell Blvd, Mesquite, TX 75149
      View Details
    • Contact for pricing
      20,000 SF

      New Warehouse with Office Space

      20,000 SF warehouse with new office space for lease.
      2011 S Town East Blvd, Mesquite, TX 75149
      View Details
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    Mesquite, TX 75149-1110
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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