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Property profile & analytics
OFF-MARKET
Apartment buildings
5218 Columbia Ave A Dallas, TX 75214-5179
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US82-1966632
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1916
Construction
FRAME
Total area
4,454 SF
Lot
0.2 ac (8,775 SF)
Zoning code
Z69
APN
152803000000
UPID
US82-1966632
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
-
David Brown Music Studio Vocational School Training Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Ahadu Texas Properties LLC · 2 yrs held
Ahadu Texas Properties LLC
since 2024
6 recorded transactions
Zoning & alternative use
Z69 · Dallas, 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 Dallas submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Dallas 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$14,466
Tax year 2023
Assessed value
$630,390
Assessed 2023
Previous assessed
$630,390
+0.0% YoY
Effective rate
2.29%
On assessed value
Assessed land
$164,530
Assessed improvement
$465,860
Land market value
$164,530
Improvement market value
$465,860
Total market value
$630,390
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
1916
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Bathrooms
4
Total area
4,454 SF
Lot
0.2 ac (8,775 SF)
Zoning code
Z69
APN
152803000000
UPID
US82-1966632
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z69 · Dallas, TX
Zoning Z69 · permitted uses
Z69 · Dallas, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Dallas. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1916
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
2
Bathrooms
4
Lot
0.2 ac
Current owner
From public records · entity-resolved
Ahadu Texas Properties LLC
Entity
Mailing address
2510 BASSWOOD DR, ROWLETT, TX 75089-1640
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 4, 2024
—
Ahadu Texas Properties LLC
Lance R Droste
Venders Lien
$511,125 · Lendsure Mortgage Corp
May 9, 2014
—
Droste,lance R
Heidger,robert C & Dina
Warranty Deed
$217,500 · Palm Lndg
Dec 28, 2005
—
Robert C Heidger
Robert Michael Allegro
Venders Lien
$288,000 · Greenpoint Mortgage Funding INC
—
—
Robert C Heidger
—
Loan Modification
related
$10,000 · Robert M & Janis H Allegro
—
—
Robert M Allegro
—
Deed Of Trust
related
$140,000 · Compass Bank
—
—
Lance R Droste
—
Deed Of Trust
related
$303,000 · Waterloo Lndg 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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