Entity Owned Property summary
AI-generated overview
The property is located within Gables Water Street, a 14-acre mixed-use development in the Las Colinas area of Irving, Texas. The overall development is situated along O’Connor Boulevard on a 126-acre lake and contains 316 multifamily units, with approximately 8,800 multifamily units located within a 1-mile radius. The site is positioned across from Williams Square, which includes more than 1.5 million square feet of office space, with an additional 9.2 million square feet of office space within a 1-mile radius. The location is within the Irving Entertainment District, adjacent to the Toyota Music Factory and the Irving Convention Center at Las Colinas to the north. The space is configured to support retail and restaurant use and comprises 1,642 square feet.
Property profile
Verified
Property type
Other apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2016
Construction
FRAME
Total area
303,285 SF
Lot
11.95 ac (520,411 SF)
Zoning code
Z393
APN
322004100A0010000
UPID
US82-9784949
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.09M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$971k
Blend (final)
Blend
$1.03M
Owner & transaction history
3 recorded transactions
Zoning & alternative use
Z393 · Irving, TX
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.03M
Value range
$927k – $1.13M
±10% around blend
Estimated value / SF
$3 / SF
Confidence
Property data
100
Comparable evidence
60
$927k
blend $1.03M
$1.13M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
303,285 SF
Lot area
11.95 ac
Year built
2016
Stories
5
APN
322004100A0010000
Zoning
Z393
Assessed value
$108,000,000
Annual tax
$3,399,890
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$971k
Range $619k – $971k
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.03M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$108.00M
Move the market yield to see immediate price impact.
Value / SF
$356
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$6.80M
$136.08M
$97.20M
$75.60M
$7.56M
$151.20M
$108.00M
$84.00M
$8.32M
$166.32M
$118.80M
$92.40M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$3,399,890
Tax year 2023
Assessed value
$108,000,000
Assessed 2023
Previous assessed
$108,000,000
+0.0% YoY
Effective rate
3.15%
On assessed value
Assessed land
$13,010,280
Assessed improvement
$94,989,720
Land market value
$13,010,280
Improvement market value
$94,989,720
Total market value
$108,000,000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2016
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Buildings
4
Stories
5
Units
316
Total area
303,285 SF
Lot
11.95 ac (520,411 SF)
Zoning code
Z393
APN
322004100A0010000
UPID
US82-9784949
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z393 · Irving, TXZoning Z393 · permitted uses
Z393 · Irving, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2016
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
5
Buildings
4
Units
316
Lot
11.95 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
Z393
Jurisdiction
Irving, TX
Recorded code
Z393
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for Z393 in Irving, TX.
What opens after registration
Zoning profile
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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