Entity Owned 
For Lease
1 / 3
$350,000
1303 Dragon St,Unit A, Dallas, TX 75207
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Property summary
AI-generated overview
Mixed-use building located in the Dallas Design District. The property was constructed in 2006 and underwent extensive renovations in 2021. It contains approximately 12,500 square feet total, including 4,421 square feet of ground-floor retail space, plus three individually deeded residential condominium units with areas of approximately 2,947 square feet, 2,498 square feet, and 2,634 square feet. Each condominium has a private entrance and includes modern, high-finish interior elements with smart-technology features. The building also has a climate-controlled six-car garage and a private rooftop patio. On-site parking totals 18 spaces. The property is within walking distance of Design District dining, galleries, and nightlife, and is near The Seam, a 160,000-square-foot destination covering dining, retail, design, and wellness.
Property profile
Verified
Property type
Mixed-use properties
Use group
SHOW ROOM, WAREHOUSE
Year built
2005
Construction
TILT-UP CONCRETE
Total area
4,421 SF
Lot
0.24 ac (10,393 SF)
Zoning code
Z239
APN
00C71850001303A00
UPID
US82-4339832
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$335k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$350k
Owner & transaction history
since 2020
2 recorded transactions
Zoning & alternative use
Z239 · Dallas, TX
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 5 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$350k
Value range
$315k – $385k
±10% around blend
Estimated value / SF
$79 / SF
Confidence
High
5 county-verified comps
Property data
100
Comparable evidence
50
Income certainty
100
$315k
blend $350k
$385k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
4,421 SF
Lot area
0.24 ac
Year built
2005
Stories
1
APN
00C71850001303A00
Zoning
Z239
Assessed value
$716,200
Annual tax
$16,435
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$16,435
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$2.29M
Weighted, 5 comps · high confidence
Evidence
5 found · 5 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
14.3 mi away · 3,500 SF
16.5 mi away · 3,154 SF
24.7 mi away · 5,575 SF
24.7 mi away · 4,706 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$350k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 5 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Selected market yield
4.41%
Selected cap rate for this mixed-use properties
Derived from the Dallas market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 4.41%
9.0%
NOI (est.)
$201k *
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$4.56M
Move the market yield to see immediate price impact.
Value / SF
$1,032
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
3.91%4.41%4.91%
$181k
$4.63M
$4.10M
$3.69M
$201k
$5.14M
$4.56M
$4.10M
$221k
$5.66M
$5.02M
$4.51M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
5 found
High confidence · county-verified
Closest comparable
$266k
14.3 mi · Apr 2026 · $76/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$16,435
Tax year 2023
Assessed value
$716,200
Assessed 2023
Previous assessed
$716,200
+0.0% YoY
Effective rate
2.29%
On assessed value
Assessed land
$128,660
Assessed improvement
$587,540
Land market value
$128,660
Improvement market value
$587,540
Total market value
$716,200
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Mixed-use properties
Use group
SHOW ROOM, WAREHOUSE
Status
For Lease
Year built
2005
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
4,421 SF
Lot
0.24 ac (10,393 SF)
Zoning code
Z239
APN
00C71850001303A00
UPID
US82-4339832
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z239 · Dallas, TXZoning Z239 · permitted uses
Z239 · Dallas, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
2005
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.24 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
Z239
Jurisdiction
Dallas, TX
Recorded code
Z239
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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