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Property profile & analytics
OFF-MARKET
Estimated value
$1,400,000
Apartment buildings
4800 Keller Spgs Rd Addison, TX 75001-6053
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-5408023
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2012
Construction
FRAME
Total area
329,946 SF
Lot
5.88 ac (256,263 SF)
Zoning code
Z31
APN
104500000A0010000
UPID
US82-5408023
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$990k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.81M
Blend (final)
Blend
$1.40M
Owner & transaction history
Breit Mf Addison LP · 9 yrs held
Breit Mf Addison LP
since 2017
7 recorded transactions
Zoning & alternative use
Z31 · Addison, 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 Addison submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Addison 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
$990,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,415,000
Current use
Blend value · Realmo final
$1.40M
Range $1.26M – $1.54M · ±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
$4 / 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
$1,623,700
Tax year 2023
Assessed value
$74,862,720
Assessed 2023
Previous assessed
$74,862,720
+0.0% YoY
Effective rate
2.17%
On assessed value
Assessed land
$2,562,630
Assessed improvement
$72,300,090
Land market value
$2,562,630
Improvement market value
$72,300,090
Total market value
$74,862,720
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
2012
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
4
Units
353
Total area
329,946 SF
Lot
5.88 ac (256,263 SF)
Zoning code
Z31
APN
104500000A0010000
UPID
US82-5408023
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z31 · Addison, TX
Zoning Z31 · permitted uses
Z31 · Addison, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Addison. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.4M
APARTMENT HOUSE (5+ UNITS) 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
2012
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
4
Buildings
2
Units
353
Lot
5.88 ac
Current owner
From public records · entity-resolved
Breit Mf Addison LP
Entity
Mailing address
1675 W CAMPBELL RD, GARLAND, TX 75044-2331
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
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
Apr 13, 2017
—
Breit Mf Addison LP
Realty Associates Fund Ix LP
Grant Deed
related
—
Nov 12, 2013
—
Realty Associates Fund Ix LP
Lofts At Addison Place Ltd
Grant Deed
related
—
Oct 21, 2011
—
Lofts At Addison Place Ltd
Woodmont Tci Group Viii LP
Grant Deed
$36,200,025 · Wells Fargo Bank
Mar 6, 2009
—
Woodmont Tci Group Viii
—
Trustees Deed
related
$1,919,866 · Park Cities Bank
Aug 28, 2008
—
Woodmont Tci Group Viii
—
Trustees Deed
related
$2,020,912 · Park Cities Bank
Feb 6, 2007
—
Woodmont Tci Group Viii
Stonemason Partners Ltd
Grant Deed
$2,020,912 · Park Cities Bank
Oct 17, 2006
—
Woodmont Tci Group Viii
Tritex Management
Warranty Deed
$690,000 · First Bank
—
—
Breit Mf Addison LP
—
Deed Of Trust
related
$36,140,000 · Jones Lang Lasalle Multifamily
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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