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Property profile & analytics
OFF-MARKET
Estimated value
$1,635,000
Medical Office Space
1150 Bishop Ave Dallas, TX 75208-4167
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US82-2541307
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1990
Construction
FRAME
Total area
14,482 SF
Lot
1.22 ac (53,317 SF)
Zoning code
Z239
APN
0033630M0023A0000
UPID
US82-2541307
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
-
Dr. Gregory Stephens Physician Medical Clinic
-
Robert L. Collazo-Maldonado, MD, FACP, FASN Physician Medical Clinic
-
Jose A. Castillo-Lugo, MD Physician Medical Clinic
-
Renuka Chowdhury, MD Physician Medical Clinic
-
Eric White, NP Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.55M
Blend (final)
Blend
$1.64M
Owner & transaction history
Ottomatic Capital LLC · 5 yrs held
Ottomatic Capital LLC
since 2020
3 recorded transactions
Zoning & alternative use
Z239 · Dallas, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.1M
+42.6%
Retail stores
$1.8M
+20.9%
Auto repair, garage
$1.7M
+15.0%
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 Dallas submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Dallas 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
MEDICAL BUILDING
$1,470,000
Current use
RESTAURANT
$2,095,000
Change: +43% · Conversion: Difficult
RETAIL STORES
$1,775,000
Change: +21% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,690,000
Change: +15% · Conversion: Difficult
OFFICE BUILDING
$1,635,000
Change: +11% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,500,000
Change: +2% · Conversion: Moderate
WAREHOUSE, STORAGE
$1,300,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$1.64M
Range $1.47M – $1.80M · ±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
$113 / 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
$48,880
Tax year 2023
Assessed value
$2,130,050
Assessed 2023
Previous assessed
$2,130,050
+0.0% YoY
Effective rate
2.29%
On assessed value
Assessed land
$1,439,420
Assessed improvement
$690,630
Land market value
$1,439,420
Improvement market value
$690,630
Total market value
$2,130,050
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1990
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
14,482 SF
Lot
1.22 ac (53,317 SF)
Zoning code
Z239
APN
0033630M0023A0000
UPID
US82-2541307
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
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.5M
RESTAURANT
Est. value
$2.1M
RETAIL STORES
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.5M
WAREHOUSE, STORAGE
Est. value
$1.3M
MEDICAL BUILDING Current
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
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
1990
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
1.22 ac
Current owner
From public records · entity-resolved
Ottomatic Capital LLC
Entity
Mailing address
5313 MARINERS DR, PLANO, TX 75093-4117
Ownership since
2020
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
Dec 17, 2020
—
Ottomatic Capital LLC
Oakcliff Land Dev Co LP
Grant Deed
related
—
—
—
Oakcliff Land Dev Co LP
—
Deed Of Trust
related
$1,100,000 · Bancorpsouth
—
—
Oakcliff Land Dev Co LP
—
Deed Of Trust
related
$1,250,000 · Prosperity Bank
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.
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