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Property profile & analytics
FOR SALE
Gas stations
11565 Reeder Rd Dallas, TX 75229
Entity Owned
2-yr Hold
Free & Clear
Property ID
US82-0656648
For Sale
1 / 2
$4,485,920
11565 Reeder Rd, Dallas, TX 75229
View Listing →
Property profile
Verified
Property type
Gas stations
Use group
SERVICE STATION (FULL SERVICE)
Year built
1996
Construction
STEEL FRAME
Total area
16,480 SF
Lot
1.6 ac (69,565 SF)
Zoning code
Z151
APN
006560000B0030000
UPID
US82-0656648
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
-
Eco Auto Dent Repair Auto Repair Shop
-
Texas Collision Centers Auto Repair Shop
-
Service King Collision NW Dallas/I-35 Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.21M
Owner & transaction history
Reeder Fb LLC · 2 yrs held
Reeder Fb LLC
since 2023
7 recorded transactions
Zoning & alternative use
Z151 · Dallas, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.0M
+55.2%
Auto repair, garage
$1.9M
+52.0%
Retail stores
$1.4M
+10.9%
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
SERVICE STATION (FULL SERVICE)
$1,265,000
Current use
COMMERCIAL (GENERAL)
$1,960,000
Change: +55% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,920,000
Change: +52% · Conversion: Difficult
RETAIL STORES
$1,400,000
Change: +11% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,300,000
Change: +3% · Conversion: Difficult
MEDICAL BUILDING
$1,120,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$1.21M
Range $1.09M – $1.33M · ±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
$73 / 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
$44,459
Tax year 2023
Assessed value
$1,937,410
Assessed 2023
Previous assessed
$1,937,410
+0.0% YoY
Effective rate
2.29%
On assessed value
Assessed land
$834,940
Assessed improvement
$1,102,470
Land market value
$834,940
Improvement market value
$1,102,470
Total market value
$1,937,410
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
Gas stations
Use group
SERVICE STATION (FULL SERVICE)
Status
For Sale
Year built
1996
Construction
STEEL FRAME
Heating
PARTIAL
Cooling
PARTIAL
Buildings
2
Stories
1
Total area
16,480 SF
Lot
1.6 ac (69,565 SF)
Zoning code
Z151
APN
006560000B0030000
UPID
US82-0656648
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z151 · Dallas, TX
Zoning Z151 · permitted uses
Z151 · Dallas, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Dallas. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
SERVICE STATION (FULL SERVICE) Current
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$1.9M
RETAIL STORES
Est. value
$1.4M
INDUSTRIAL (GENERAL)
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.1M
SERVICE STATION (FULL SERVICE) Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
INDUSTRIAL (GENERAL)
MEDICAL 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
1996
Construction
STEEL FRAME
Heating
PARTIAL
Cooling
Yes
Stories
1
Buildings
2
Lot
1.6 ac
Current owner
From public records · entity-resolved
Reeder Fb LLC
Entity
Free & Clear · 2 yrs held
Mailing address
418 MELBA ST APT #103, DALLAS, TX 75208-4625
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 22, 2025
—
Reeder Fb LLC
—
Deed
related
$2,500,000 · Connection Bank
Dec 4, 2023
—
Reeder Fb LLC
Million Auto Service LLC
Special Warranty Deed
—
Jun 1, 2021
—
Million Auto Service LLC
Service King Paint & Body LLC
Venders Lien
$1,750,000 · First Bank Of The Lake
Jun 25, 2012
—
Service King Paint & Body LLC
—
Grant Deed
related
$35,000,000 · Plains Capital Bank
Aug 30, 2011
—
Service King Paint & Body LLC
—
Deed Of Trust
related
$30,000,000 · Plains Capital Bank
Aug 24, 2011
—
Service King Paint & Body LLC
—
Deed Of Trust
related
$30,000,000 · Plains Capital Bank
Jul 13, 2011
—
Service King Paint & Body LLC
—
Grant Deed
related
$30,000,000 · Plains Capital Bank
Sep 13, 2010
—
Service King Paint & Body LLC
—
Grant Deed
related
$13,087,077 · Plains Capital Bank
Jul 29, 2009
—
Service King Holdings INC
—
Grant Deed
related
$25,000,000 · Plains Capital Bank
Oct 5, 2000
—
Service King Paint & Body INC
Forest Paint & Body INC
Grant Deed
$900,000 · Bank One Texas NA
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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