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Property profile & analytics
OFF-MARKET
Estimated value
$1,235,000
Apartment buildings
511 6th St Irving, TX 75060-4257
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US83-3642010
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1958
Construction
FRAME
Total area
27,592 SF
Lot
1.22 ac (53,143 SF)
Zoning code
Z177
APN
32388500020220000
UPID
US83-3642010
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
-
OAK Grove Apts Apartment Building
-
Oak Grove Manor Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.24M
Owner & transaction history
Perfect & Modern Team LLC · 12 yrs held
Perfect & Modern Team LLC
since 2013
7 recorded transactions
Zoning & alternative use
Z177 · Irving, 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 Irving submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Irving 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)
$1,900,000
Current use
WAREHOUSE, STORAGE
$1,850,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$1.24M
Range $1.11M – $1.36M · ±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
$45 / 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
$70,280
Tax year 2023
Assessed value
$3,250,000
Assessed 2023
Previous assessed
$3,250,000
+0.0% YoY
Effective rate
2.16%
On assessed value
Assessed land
$265,720
Assessed improvement
$2,984,280
Land market value
$265,720
Improvement market value
$2,984,280
Total market value
$3,250,000
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
1958
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
53
Total area
27,592 SF
Lot
1.22 ac (53,143 SF)
Zoning code
Z177
APN
32388500020220000
UPID
US83-3642010
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z177 · Irving, TX
Zoning Z177 · permitted uses
Z177 · Irving, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Irving. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.9M
WAREHOUSE, STORAGE
Est. value
$1.9M
APARTMENT HOUSE (5+ UNITS) Current
WAREHOUSE, STORAGE
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
1958
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
53
Lot
1.22 ac
Current owner
From public records · entity-resolved
Perfect & Modern Team LLC
Entity
Mailing address
511 E 6TH ST, IRVING, TX 75060-4257
Mailing matches property
Yes
Owner-occupied
Yes
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 22, 2013
—
Perfect & Modern Team LLC
511 Oak Grove LLC
Grant Deed
$891,800 · Metrobank
Oct 4, 2010
—
511 Oak Grove Lc
Tritex R/e Advisors INC
Grant Deed
—
Dec 1, 2009
—
Federal Natl Mtg Assn Fnma
Bristow Courtney D
Trustees Deed
related
—
Mar 31, 2008
—
Tangerine Dwellings LLC
Chengiskhan LLC
Venders Lien
$1,236,000 · Indymac Commercial Lending Corp
Dec 29, 2006
—
Chengiskahn LLC
Menegon,ronald V & Ann M
Warranty Deed
related
—
Dec 17, 2004
—
Ronald V Menegon
Walton Financial LLC
Grant Deed
$1,050,000 · Impac Multifamily Capital Corp
Mar 4, 2004
—
Daryn Megan Group LLC
Saleh,aziz
Warranty Deed
$900,000 · Citibank Fsb
—
—
Chengiskhan LLC
—
Deed Of Trust
related
$1,100,000 · Ronald V & Ann M Menegon
—
—
Perfect & Modern Team LLC
—
Deed Of Trust
related
$792,000 · Arbor Com'l Fndg I 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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