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Property profile & analytics
OFF-MARKET
Estimated value
$1,625,000
Apartment buildings
700 Gross Rd Mesquite, TX 75149
Individually Owned
19-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US83-3914032
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2007
Construction
FRAME
Total area
238,456 SF
Lot
27 ac (1,176,120 SF)
Zoning code
Z97
APN
382266100A0010000
UPID
US83-3914032
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.63M
Owner & transaction history
One Mesquite Creek · 19 yrs held
One Mesquite Creek
since 2007
4 recorded transactions
Zoning & alternative use
Z97 · Mesquite, 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 Mesquite submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mesquite 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
$7 / 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
$396,856
Tax year 2023
Assessed value
$17,000,000
Assessed 2023
Previous assessed
$17,000,000
+0.0% YoY
Effective rate
2.33%
On assessed value
Assessed land
$2,352,240
Assessed improvement
$14,647,760
Land market value
$2,352,240
Improvement market value
$14,647,760
Total market value
$17,000,000
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
2007
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
3
Units
252
Total area
238,456 SF
Lot
27 ac (1,176,120 SF)
Zoning code
Z97
APN
382266100A0010000
UPID
US83-3914032
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z97 · Mesquite, TX
Zoning Z97 · permitted uses
Z97 · Mesquite, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mesquite. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2007
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
3
Units
252
Lot
27 ac
Current owner
From public records · entity-resolved
One Mesquite Creek
Individual
Mailing address
515 S CAPITAL OF TEXAS HWY STE #100, WEST LAKE HILLS, TX 78746-4314
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
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 22, 2007
—
One Mesquite Creek
One Prime
Quit Claim Deed
related
$16,860,000 · Keycorp R E Capital Marketing
Mar 22, 2007
—
Mgp 122002a Trust
Gross Road Equitable Ptrs Ltd
Grant Deed
related
—
Mar 19, 2007
—
One Prime
Gross Road Equitable Ptrs Ltd
Grant Deed
$1,058,400 · Miscellaneous Ins Co
Aug 10, 2004
—
Mgp 122002a Trust
Gross Road Equitable Ptrs Ltd
Grant Deed
related
—
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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