51 STATE RD
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Location
51 STATE RD
Mblu
169/ 238/ / /
Acct#
Owner
EGMP 51 STATE ROAD LLC
Total Market Value
$7,419,000
Appraisal
$7,419,000
PID
12407
Building Count
1
Current Value
Appraisal
Valuation YearImprovementsLandTotal
2026$6,762,900$656,100$7,419,000
Assessment
Valuation YearImprovementsLandTotal
2026$6,762,900$656,100$7,419,000

Owner of Record
OwnerEGMP 51 STATE ROAD LLC
Co-Owner% ALTUS GROUP
AddressP O BOX 92129

SOUTHLAKE, TX 76092
Sale Price$12,000,000
Certificate
Book & Page 14070/209
Sale Date10/27/2021
Instrument1V

Ownership History
Ownership History
OwnerSale PriceCertificateBook & PageInstrumentSale Date
EGMP 51 STATE ROAD LLC$12,000,000 14070/2091V10/27/2021
ALBANY ROAD-51 STATE LLC$8,500,000 12596/02071V10/12/2018
EYE-MAN LIMITED PARTNERSHIP$0 03748/01961B10/08/1996
MANSFIELD K A TRUSTEE$225,000 03204/00080012/16/1993
DARTMOUTH FINANCIAL$0 01899/0080 07/31/1984

Building Information
Building 1 : Section 1
Year Built: 2000
Living Area: 25,250
Replacement Cost: $6,997,789
Building Percent Good: 92
Replacement Cost
Less Depreciation:
$6,438,000
Building Attributes
FieldDescription
Style:Profess. Bldg
ModelCommercial
GradeLux+10
Stories:2.5
Occupancy1.00
Exterior Wall 1Dryvit Type
Exterior Wall 2 
Roof StructureFlat
Roof CoverTar & Gravel
Interior Wall 1Drywall/Sheet
Interior Wall 2 
Interior Floor 1Carpet
Interior Floor 2 
Heating FuelGas
Heating TypeForced Air-Duc
AC TypeCentral
Bldg UsePROF BLDG MDL-94
Total Rooms 
Total Bedrms00
Total Baths0
1st Floor Use:3420
Heat/ACHEAT/AC PKGS
Frame TypeSTEEL
Baths/PlumbingAVERAGE
Ceiling/WallSUS-CEIL & WL
Rooms/PrtnsAVERAGE
Wall Height11.00
% Comn Wall0.00
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
BASFirst Floor 10,000 10,000
FUSUpper Story, Finished 10,000 10,000
TQSThree Quarter Story 7,000 5,250
CANCanopy 120 0
FBMBasement Fin, Rec Rm 7,000 0
FEPPorch, Enclosed, Finished 320 0
PTOPatio 345 0
UBMBasement, Unfinished 3,000 0
   37,785 25,250

Extra Features
Extra Features
CodeDescriptionSizeValueBldg #
SPR1SPRINKLERS-WET35250.00 S.F.$89,2001
ELV2PASS. ELEVATOR4.00 UNITS$220,8001

Land
Land Use
Use Code3420
DescriptionPROF BLDG MDL-94  
ZoneGB
Neighborhood080
Alt Land ApprNo
Category
Land Line Valuation
Size (Acres)1.13
Frontage
Depth
Total Market Land$656,100
Appraised Value$656,100

Outbuildings
Outbuildings
CodeDescriptionSub CodeSub DescriptionSizeValueBldg #
PAV1PAVING-ASPHALT  10000.00 S.F.$11,3001
SGN2DOUBLE SIDED  86.00 S.F.&HGT$1,5001
LT1LIGHTS-IN W/PL  6.00 UNITS$2,1001
Valuation History
Appraisal
Valuation YearImprovementsLandTotal
2026$3,282,100$656,100$3,938,200
2025$3,152,200$628,000$3,780,200
2024$3,148,000$584,700$3,732,700

Assessment
Valuation YearImprovementsLandTotal
2026$3,282,100$656,100$3,938,200
2025$3,152,200$628,000$3,780,200
2024$3,148,000$584,700$3,732,700

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