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    9050 Markville Dr Dallas, TX 75243-3592
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    Property profile & analytics

    9050 Markville Dr, Dallas, TX 75243-3592

    View on Map
    • Apartment buildings
    • 292,876 SF
    • 9.10 lot acres
    Off-Market
    Property ID
    US82-0610202
    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.
    Value Estimations
    $750,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • ABC Maintenance / Auto Parts Store
    • B&Q Boutique / Hair Salon
    • The Glen at Highpoint / Real Estate Agency
    • The Hair Lady / Employment Agency / Hair Salon
    • Yerotek / Tech Support Center / (Bike/Boat/Book/etc) Store

    Property Details for 9050 Markville Dr

    Year built
    1984
    Construction
    FRAME
    Lot size
    9.10 lot acres
    Zone code
    Z164
    Property type
    Apartment buildings
    APN
    0084090B000030000
    APU
    0084090B000030000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 22, 2015 — Prcp-dallas Investment LP Falls At Highpoint Spe-1 LLC Grant Deed · related —
    Apr 5, 2007 — Falls At Highpoint Spe-1 LLC Falls At Highpoint Tic LLC Quit Claim Deed · related —
    Mar 1, 2007 — Falls At Highpoint Tic LLC Rreef Highpoint Apartments Grant Deed · related $26M · Wachovia Bank NA
    Sep 14, 2001 — Highpoint Apartments LP Reef Paradim Dallas I LP Grant Deed · related —
    — — Falls At Highpoint Spe-1 LLC — Deed Of Trust · related —
    — — Prcp-dallas Investment LP — Deed Of Trust · related $6.1M · Wells Fargo Bk

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $635,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $861,000
      Market price range: $855k - $1.69M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $1,250,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.7477
    Latitude
    32.9127
    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
    $636,918
    $3,962,910
    $22,312,090
    $26,275,000
    -
    $3,962,910
    $22,312,090
    $26,275,000

    Comparable in this City

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      194,850 SF

      9659 Frst Ln

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      9737 Frst Ln

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      140,624 SF

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    • Value Estimation
      $710,000
      192,617 SF

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      APARTMENT HOUSE (5+ UNITS)
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    Similar Nearby for Sale

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      Well-maintained 152-unit community with recent capital improvements.
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    • $450,000
      6.08 Acres

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      Own a fully leased five-unit 1-bedroom rental portfolio near Richland College, ideal for income-focused investors.
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    • $450,000
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      Income Producing Multifamily Portfolio

      Income-producing portfolio of five leased one-bedroom units near Richland College.
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      1,119 SF

      Renovated Condo in Dallas

      Tastefully renovated condo with community pools and convenient location.
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      Pending

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      Condominium with pool view, balconies, and easy highway access.
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      857 SF

      North Dallas Condo with Amenities

      Immaculate condo in North Dallas with included appliances and amenities.
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    Similar Nearby for Lease

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      6,000 SF

      Retail Space Near I-635E

      Retail space available near I-635E with high consumer spending.
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      500 SF

      Retail Space on Forest Lane

      500 SF retail suite available in Dallas, Texas.
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      6,870 SF

      Grocery Anchored Retail Center

      Premier shopping center in high-growth Dallas neighborhood.
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      7,200 SF

      Functional Flex Space in Dallas

      7,200 SF flex space in a prime Dallas location.
      10777 Turbeville Rd, Garland, TX 75243
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      1,427 SF

      LBJ Freeway Office Space Available

      Full floor office spaces with large open area for rent.
      8330-8360 Lbj Fwy, Dallas, TX 75243
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    • Contact for pricing
      22,772 SF

      Dallas Warehouse Space Available

      Industrial warehouse space available for lease in Dallas, Texas.
      9641-9677 Wendell Rd, Dallas, TX 75243
      View Details
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    Dallas, TX 75243-3592
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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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