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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    8015 Cp Wisdom Rd Dallas, TX 75236-5704

    • Apartment buildings
    • 189,052 SF
    • 17.95 lot acres
    OFF-MARKET
    Last Sale
    Sep 19, 2022
    Value Estimations
    $1,150,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-0829912
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Eagle Crossing Apartments / Apartment Complex / Apartment Building

    Property Details for 8015 Cp Wisdom Rd

    Year built
    2016
    Construction
    FRAME
    Lot size
    17.95 lot acres
    Property size
    189,052 SF
    Zone code
    Z239
    Property type
    Apartment buildings
    APN
    868300020010000
    APU
    868300020010000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $760,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,539,000
      Market price range: $696k - $1.91M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $1,130,000
      Current use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.966
    Latitude
    32.6631
    CBSA code
    19100
    CBSA name
    DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $762,308
    $782,080
    $31,467,920
    $32,250,000
    -
    $782,080
    $31,467,920
    $32,250,000

    Comparable in this City

    • Value Estimation
      $570,000
      116,144 SF

      6850 Cockrell Hl Rd

      APARTMENT HOUSE (5+ UNITS) • 116,144 SF
      6850 Cockrell Hl Rd, Dallas, TX 75236-9605
      View Details
    • Value Estimation by Request
      15,290 SF

      4753 Duncanville Rd

      APARTMENT HOUSE (5+ UNITS) • 15,290 SF
      4753 Duncanville Rd, Dallas, TX 75236-1809
      View Details
    • Value Estimation
      $655,000
      53,000 SF

      7500 Cp Wisdom Rd

      APARTMENT HOUSE (5+ UNITS) • 53,000 SF
      7500 Cp Wisdom Rd, Dallas, TX 75236-5629
      View Details
    • Value Estimation
      $1,435,000
      198,772 SF

      8200 Clarksprings Dr

      APARTMENT HOUSE (5+ UNITS) • 198,772 SF
      8200 Clarksprings Dr, Dallas, TX 75236-5877
      View Details
    • Value Estimation
      $510,000
      59,700 SF

      4101 Cockrell Hl Rd

      APARTMENT HOUSE (5+ UNITS) • 59,700 SF
      4101 Cockrell Hl Rd, Dallas, TX 75236-1603
      View Details
    • Value Estimation
      $1,065,000
      147,600 SF

      4810 Spur 408

      APARTMENT HOUSE (5+ UNITS) • 147,600 SF
      4810 Spur 408, Dallas, TX 75236-3201
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Luxury Multifamily Community in Dallas

      Class A multifamily community with modern design and robust amenities.
      6165 Ridge Center Dr, Dallas, TX 75236
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    • $1,295,000

      Dallas Townhouse-Style Condo Investment Package

      Ten townhouse-style condos near Loop 12, investment potential.
      4643 Country Creek Dr, Dallas, TX 75236
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    • $1,100,000
      6.09 Acres

      Undeveloped Land in Dallas, TX

      6.088 acres of unimproved land in Dallas, Texas.
      7100 W Camp Wisdom Rd, Dallas, TX 75236
      View Details
    • $1,250,000
      4.85 Acres

      Mt. Creek Parkway Retail Land

      High-visibility retail land, Dallas, TX.
      0 Mt. Crk Pkwy, Grand Prairie, TX 75236
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    • Contact for pricing
      28,890 SF

      Duncanville Road Warehouse Space

      28,890 SF warehouse with dock-high and grade-level doors.
      4101 Duncanville Rd, Dallas, TX 75236
      View Details
    • Contact for pricing

      Land Near Major Interstates

      Strategically located land near I-35, I-20, I-30, and I-45.
      4023 S Walton Walker Blvd, Dallas, TX 75236
      View Details

    Similar Nearby for Lease

    • $27 SF/Yr
      69,260 SF

      New Construction Retail Space Available

      New construction retail space with high traffic volume in Dallas.
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    • Contact for pricing
      185,568 SF

      Dallas Cold Storage Warehouse Space

      Free-standing cold storage warehouse with office and refrigerated dock.
      5225 Investment Dr, Dallas, TX 75236
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    • Contact for pricing
      72,795 SF

      Warehouse and Office Space Available

      145,591 SF divisible warehouse with office space for lease.
      3700 Eagle Place Dr, Dallas, TX 75236
      View Details
    • Contact for pricing
      265,400 SF

      Dallas Warehouse Space Available

      265,400 square foot warehouse space for lease in Dallas.
      4715 Mountain Creek Pkwy, Dallas, TX 75236
      View Details
    • Contact for pricing

      Industrial Land For Lease

      Industrial land available for lease in Dallas, Texas.
      3600 Duncanville Rd, Dallas, TX 75236
      View Details
    • Contact for pricing
      12,091 SF

      Dallas Industrial Spaces For Lease

      Industrial spaces available for lease in Dallas, Texas.
      4647-4687 Mint Way, Dallas, TX 75236
      View Details
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    Dallas, TX 75236-5704
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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