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Property profile & analytics
OFF-MARKET
Estimated value
$985,000
Motels
406 Palace Pkwy Grand Prairie, TX 75050-2321
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US83-2974686
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1983
Construction
FRAME
Total area
50,468 SF
Lot
2.46 ac (107,114 SF)
Zoning code
Z236
APN
282030000A0010000
UPID
US83-2974686
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
-
GRAND PRAIRIE TX Hotel & Motel
-
Studio 6 Grand Prairie, TX Hotel & Motel Vacation Rental
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$785k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.19M
Blend (final)
Blend
$985k
Owner & transaction history
Sairam2002 LLC · 13 yrs held
Sairam2002 LLC
since 2013
5 recorded transactions
Zoning & alternative use
Z236 · Grand Prairie, 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 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
$785,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$1,620,000
Current use
Blend value · Realmo final
$985k
Range $887k – $1.08M · ±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
$20 / 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
$64,983
Tax year 2023
Assessed value
$2,825,000
Assessed 2023
Previous assessed
$2,825,000
+0.0% YoY
Effective rate
2.30%
On assessed value
Assessed land
$214,230
Assessed improvement
$2,610,770
Land market value
$214,230
Improvement market value
$2,610,770
Total market value
$2,825,000
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1983
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
119
Bathrooms
12
Total area
50,468 SF
Lot
2.46 ac (107,114 SF)
Zoning code
Z236
APN
282030000A0010000
UPID
US83-2974686
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z236 · Grand Prairie, TX
Zoning Z236 · permitted uses
Z236 · 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
HOTEL/MOTEL Current
Est. value
$1.6M
HOTEL/MOTEL Current
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
1983
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
119
Bathrooms
12
Lot
2.46 ac
Current owner
From public records · entity-resolved
Sairam2002 LLC
Entity
Mailing address
2775 N STATE HWY 360, GRAND PRAIRIE, TX 75050-7805
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 24, 2019
—
Sairam2002 LLC
—
Deed
related
$2,400,000 · Midsouth Bank NA
Mar 1, 2013
—
Sairam2002 LLC
Aum LLC
Warranty Deed
$2,576,000 · Commonwealth Business Bank
Mar 24, 2008
—
Aum LLC
Motel 6 Operating
Grant Deed
$1,700,000 · United Central Bank Dallas
Sep 21, 2007
—
Motel 6 Operating
Nh Grand Prairie Statu Trust
Grant Deed
related
—
—
—
Aum LLC
—
Deed Of Trust
related
$1,800,000 · Firstcapital Bank Of Texas NA
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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