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Property profile & analytics
FOR LEASE
Commercial land
12377 Merit Dr Dallas, TX 75251
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-1960243
For Lease
1 / 58
$23 SF/Yr
12377 Merit Dr, Dallas, TX 75251
View Listing →
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
2023
Lot
3.75 ac (163,394 SF)
Zoning code
Z151
APN
0077350A000020200
UPID
US82-1960243
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
-
Hersh Law Firm, PC Law Firm
-
Randy Johnston Law Firm
-
Coyt Johnston Law Firm
-
Johnston Tobey Baruch, PC Law Firm
-
Robert Tobey Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$530k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$530k
Owner & transaction history
Teal 2 0 LLC · 2 yrs held
Teal 2 0 LLC
since 2023
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
$530,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$530k
Range $477k – $583k · ±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
—
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
$38,785
Tax year 2023
Assessed value
$1,600,000
Assessed 2023
Previous assessed
$1,600,000
+0.0% YoY
Effective rate
2.42%
On assessed value
Assessed land
$1,600,000
Land market value
$1,600,000
Total market value
$1,600,000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
For Lease
Year built
2023
Heating
NONE
Cooling
CENTRAL
Buildings
2
Lot
3.75 ac (163,394 SF)
Zoning code
Z151
APN
0077350A000020200
UPID
US82-1960243
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.
Building & site characteristics
From public records
Year built
2023
Heating
NONE
Cooling
Yes
Buildings
2
Lot
3.75 ac
Current owner
From public records · entity-resolved
Teal 2 0 LLC
Entity
Free & Clear · 2 yrs held
Mailing address
21900 BURBANK BLVD STE #200, WOODLAND HILLS, CA 91367-7420
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 22, 2023
—
Lakeside Square Owner LP
—
Deed
related
$78,059,881 · Gp Commercial Mortgage LLC
Nov 14, 2023
—
Teal 2 0 LLC
Crp Wp Alta Park Central Owner LP
Agreement Of Sale
—
Dec 10, 2018
—
Lakeside Square Owner LP
Ypi Park Central LLC
Grant Deed
related
—
Dec 5, 2018
—
Ypi Park Central LLC
Younan Zaya & Sherry F/tr
Grant Deed
related
—
May 17, 2010
—
Younan Zaya & Sherry Family Trust
Younan,zaya S & Sherry S
Quit Claim Deed
related
—
Mar 11, 2010
—
Zaya S Younan
Younan Investment Props LP
Quit Claim Deed
related
—
Oct 20, 2005
—
Younan Investment Props
Tx-dallas Lakeside Square
Grant Deed
related
—
—
—
Younan,zaya & Sherry Fam Trust
—
Deed Of Trust
related
$1,500,000 · Revere High Yield Fund LP
—
—
Younan,zaya & Sherry Family Trust
—
Deed Of Trust
related
$5,000,000 · Revere High Yield Fund LP
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
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