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Property profile & analytics
FOR SALE
Parking lots & garages
12222 N Central Expy Dallas, TX 75243
Entity Owned
13-yr Hold
Free & Clear
Property ID
US82-5292066
For Sale
$2,505,000
12222 N Central Expy, Dallas, TX 75243
View Listing →
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
2020
Construction
FRAME
Total area
293,000 SF
Lot
5 ac (217,974 SF)
Zoning code
Z151
APN
007749000B0010000
UPID
US82-5292066
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
-
Davis Teran M Do Physician
-
Mr. Bruce Byrne Physician Medical Clinic
-
Dr. Robert Nocerini Physician
-
Dr. William Robertson Physician
-
Retina Center of Texas Ophthalmologist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.51M
Owner & transaction history
Hta-fp Pavilion LLC · 13 yrs held
Hta-fp Pavilion LLC
since 2012
7 recorded transactions
Zoning & alternative use
Z151 · Dallas, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
PARKING LOT
$2,510,000
Current use
Blend value · Realmo final
$2.51M
Range $2.25M – $2.76M · ±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
$9 / 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
$1,460,485
Tax year 2023
Assessed value
$60,249,900
Assessed 2023
Previous assessed
$60,249,900
+0.0% YoY
Effective rate
2.42%
On assessed value
Assessed land
$4,795,430
Assessed improvement
$55,454,470
Land market value
$4,795,430
Improvement market value
$55,454,470
Total market value
$60,249,900
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
For Sale
Year built
2020
Construction
FRAME
Heating
NONE
Cooling
NONE
Buildings
3
Stories
6
Total area
293,000 SF
Lot
5 ac (217,974 SF)
Zoning code
Z151
APN
007749000B0010000
UPID
US82-5292066
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
PARKING LOT Current
Est. value
$2.5M
PARKING LOT Current
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
2020
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
6
Buildings
3
Lot
5 ac
Current owner
From public records · entity-resolved
Hta-fp Pavilion LLC
Entity
Free & Clear · 13 yrs held
Mailing address
16435 N SCOTTSDALE RD STE #320, SCOTTSDALE, AZ 85254-1694
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 26, 2012
—
Hta-fp Pavilion LLC
Forest Park Phase II LP
Grant Deed
related
—
Dec 15, 2009
—
Forest Park Phase II
Srp Central Forest
Quit Claim Deed
related
$14,012,415 · Regions Bank
Jul 13, 2009
—
Central Forest Srp
—
Deed Of Trust
related
$3,660,000 · First National Bank Southwest
—
—
Central Forest Srp
—
Deed Of Trust
related
$3,653,321 · First National Bank Southwest
—
—
Central Forest Srp
—
Deed Of Trust
related
$3,660,000 · First National Bank Southwest
—
—
Central Forest Srp
—
Deed Of Trust
related
$3,653,321 · First National Bank Southwest
—
—
Central Forest Srp
—
Deed Of Trust
related
$3,660,000 · First National Bank Southwest
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?”
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