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Property profile & analytics
OFF-MARKET
Estimated value
$11,345,000
Apartment buildings
417 Tarrant Rd Grand Prairie, TX 75050-3510
Entity Owned
4-yr Hold
Property ID
US82-0796944
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1969
Construction
FRAME
Total area
170,426 SF
Lot
11.9 ac (518,190 SF)
Zoning code
Z190
APN
65046978810140000
UPID
US82-0796944
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
-
Vista Terraza Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.97M
Blend (final)
Blend
$11.35M
Owner & transaction history
Vista Terraza Tx LLC · 4 yrs held
Vista Terraza Tx LLC
since 2022
4 recorded transactions
Zoning & alternative use
Z190 · Grand Prairie, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$18.7M
+96.9%
Medical building
$12.4M
+30.4%
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)
$9,500,000
Current use
AUTO REPAIR, GARAGE
$18,710,000
Change: +97% · Conversion: Difficult
MEDICAL BUILDING
$12,385,000
Change: +30% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$8,125,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$11.35M
Range $10.21M – $12.48M · ±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
$67 / 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
$370,920
Tax year 2023
Assessed value
$16,124,900
Assessed 2023
Previous assessed
$16,124,900
+0.0% YoY
Effective rate
2.30%
On assessed value
Assessed land
$1,036,380
Assessed improvement
$15,088,520
Land market value
$1,036,380
Improvement market value
$15,088,520
Total market value
$16,124,900
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
1969
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
192
Total area
170,426 SF
Lot
11.9 ac (518,190 SF)
Zoning code
Z190
APN
65046978810140000
UPID
US82-0796944
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$9.5M
AUTO REPAIR, GARAGE
Est. value
$18.7M
MEDICAL BUILDING
Est. value
$12.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.1M
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1969
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
192
Lot
11.9 ac
Current owner
From public records · entity-resolved
Vista Terraza Tx LLC
Entity
Mailing address
911 E COUNTY LINE RD STE #203, LAKEWOOD, NJ 08701-2069
Ownership since
2022
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
Jun 24, 2022
—
Vista Terraza Tx LLC
Vista Terraza Apartments LLC
Intrafamily Transfer
related
$22,750,000 · Dbf Spe III LLC
Dec 30, 2020
—
Vista Terraza Apartments LLC
Amerisouth Vi Ltd
Grant Deed
$13,400,000 · Lmrec IV Holdings I INC
Feb 11, 2000
—
Amerisouth Vi Ltd
Central Village Associates
Grant Deed
related
—
—
—
Amerisouth Vi Ltd
—
Deed Of Trust
related
$3,500,000 · Edgewood Mac V LLC
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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