Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$22,245,000
Apartment buildings
915 Desco Ln Grand Prairie, TX 75051-1508
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US82-9128281
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2001
Construction
FRAME
Total area
281,087 SF
Lot
15.22 ac (662,983 SF)
Zoning code
Z236
APN
282543000101R0000
UPID
US82-9128281
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
-
Ingrid Rivera Digital Advertising Agency Marketing & Advertising
-
Landings of Carrier Parkway Apartment Complex Apartment Building
-
Lmig Insurance Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$26.07M
Blend (final)
Blend
$22.25M
Owner & transaction history
Dfw Landings Apartments LLC · 8 yrs held
Dfw Landings Apartments LLC
since 2018
3 recorded transactions
Zoning & alternative use
Z236 · Grand Prairie, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$36.1M
+90.7%
Retail stores
$26.7M
+41.1%
Auto repair, garage
$26.3M
+38.7%
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 Grand Prairie submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grand Prairie 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$18,930,000
Current use
RESTAURANT
$36,095,000
Change: +91% · Conversion: Difficult
RETAIL STORES
$26,700,000
Change: +41% · Conversion: Difficult
AUTO REPAIR, GARAGE
$26,250,000
Change: +39% · Conversion: Difficult
MEDICAL BUILDING
$24,650,000
Change: +30% · Conversion: Moderate
OFFICE BUILDING
$24,205,000
Change: +28% · Conversion: Moderate
Blend value · Realmo final
$22.25M
Range $20.02M – $24.47M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$79 / 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
$1,035,133
Tax year 2023
Assessed value
$45,000,000
Assessed 2023
Previous assessed
$45,000,000
+0.0% YoY
Effective rate
2.30%
On assessed value
Assessed land
$1,491,710
Assessed improvement
$43,508,290
Land market value
$1,491,710
Improvement market value
$43,508,290
Total market value
$45,000,000
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
2001
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
3
Units
281
Total area
281,087 SF
Lot
15.22 ac (662,983 SF)
Zoning code
Z236
APN
282543000101R0000
UPID
US82-9128281
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z236 · Grand Prairie, TXZoning Z236 · permitted uses
Z236 · Grand Prairie, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$18.9M
RESTAURANT
Est. value
$36.1M
RETAIL STORES
Est. value
$26.7M
AUTO REPAIR, GARAGE
Est. value
$26.3M
MEDICAL BUILDING
Est. value
$24.7M
OFFICE BUILDING
Est. value
$24.2M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2001
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
3
Buildings
2
Units
281
Lot
15.22 ac
Current owner
From public records · entity-resolved
Dfw Landings Apartments LLC
Entity
Mailing address
19000 W BLUEMOUND RD, BROOKFIELD, WI 53045-6073
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 18, 2018
—
Dfw Landings Apartments LLC
Dm Nicklas LLC
Trustees Deed
$18,995,000 · Barings Multifamily Cap LLC
Mar 27, 2018
—
Dm Nicklas LLC
David Nicklas Organ Donor Awar
Grant Deed
related
—
Dec 10, 2014
—
Dm Nicklas LLC
David Nicklas Organ Donor Awar
Warranty Deed
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 915 Desco Ln?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
