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Property profile & analytics
FOR LEASE
Showrooms
1305 Wycliff Ave Dallas, TX 75207
Entity Owned
6-yr Hold
Free & Clear
Property ID
US82-2679509
For Lease
1 / 5
$970,000
1305 Wycliff Ave, Dallas, TX 75207
View Listing →
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1960
Construction
TILT-UP CONCRETE
Total area
22,262 SF
Lot
0.68 ac (29,707 SF)
Zoning code
Z116
APN
502546000000
UPID
US82-2679509
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
-
Prophet Homes - Dallas Real Estate Agency
-
FAN GURU Rental Equipment Company Tech Support Center
-
White Unicorn Agency Advertising Agency Marketing & Advertising
-
PLUG Public Relations Marketing & Advertising Advertising Agency
-
GARDE Furniture & Home Goods Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$885k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.06M
Blend (final)
Blend
$970k
Owner & transaction history
Henrietta Holdings LLC · 6 yrs held
Henrietta Holdings LLC
since 2019
7 recorded transactions
Zoning & alternative use
Z116 · Dallas, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$1.6M
+13.7%
Neighborhood: shopping center
$1.6M
+10.8%
Medical building
$1.5M
+6.3%
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
$885,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,420,000
Current use
INDUSTRIAL (GENERAL)
$1,615,000
Change: +14% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$1,575,000
Change: +11% · Conversion: Difficult
MEDICAL BUILDING
$1,510,000
Change: +6% · Conversion: Easy
OFFICE BUILDING
$1,475,000
Change: +4% · Conversion: Easy
Blend value · Realmo final
$970k
Range $873k – $1.07M · ±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
$44 / 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
$47,617
Tax year 2023
Assessed value
$2,075,000
Assessed 2023
Previous assessed
$2,075,000
+0.0% YoY
Effective rate
2.29%
On assessed value
Assessed land
$445,610
Assessed improvement
$1,629,390
Land market value
$445,610
Improvement market value
$1,629,390
Total market value
$2,075,000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
For Lease
Year built
1960
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
22,262 SF
Lot
0.68 ac (29,707 SF)
Zoning code
Z116
APN
502546000000
UPID
US82-2679509
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z116 · Dallas, TX
Zoning Z116 · permitted uses
Z116 · 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
COMMERCIAL (GENERAL) Current
Est. value
$1.4M
INDUSTRIAL (GENERAL)
Est. value
$1.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.5M
COMMERCIAL (GENERAL) Current
INDUSTRIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
OFFICE 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
1960
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.68 ac
Current owner
From public records · entity-resolved
Henrietta Holdings LLC
Entity
Free & Clear · 6 yrs held
Mailing address
PO BOX 190464, DALLAS, TX 75219-0464
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
21 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 11, 2022
—
A3 Companies LLC
—
Deed
related
$750,000 · Cattlemens Bank
Apr 28, 2020
—
A3 Companies LLC
—
Deed
related
$1,500,000 · Stockmans Bk
Feb 3, 2020
—
F & S2 LLC
—
Deed
related
$1,727,770 · Stockmans Bk
Dec 13, 2019
—
Henrietta Holdings LLC
Lamour Des Fleurs INC
Grant Deed
related
—
Dec 11, 2015
—
A3 Companies LLC
Saffaire Investments INC
Grant Deed
related
—
Feb 17, 2015
—
Jessup Charitable Remainder Trust
Jessup Richard B
Quit Claim Deed
$896,373 · Trinity Cap Bk/tx
Sep 29, 2014
—
Jessup Charitable Remainder Trust
Jessup,richard B
Quit Claim Deed
related
—
Jan 3, 2013
—
Atlantis Trading Corp
—
Deed Of Trust
related
$2,000,000 · Southwest Securities Bank
Oct 22, 2012
—
Atlantis Trading Corp
—
Deed Of Trust
related
$1,500,000 · Southwest Securities Bank
Dec 28, 2011
—
Atlantis Trading Corp
—
Deed Of Trust
related
$1,500,000 · Southwest Securities Bank
Dec 12, 2011
—
Jessup Investments LLC
Atl Trading LLC
Grant Deed
—
Feb 3, 2011
—
Atlantis Trading Corp
—
Deed Of Trust
related
$2,000,000 · Southwest Securities Bank
Nov 16, 2010
—
Atlantis Trading Corp
—
Deed Of Trust
related
$2,000,000 · Southwest Securities Bank
Nov 23, 2009
—
Atlantis Trading Corp
—
Grant Deed
related
$2,000,000 · Southwest Securities Bank
Oct 8, 2008
—
Atlantis Trading Corp
—
Grant Deed
related
$1,200,000 · Southwest Securities Bank
Oct 9, 2006
—
Atlantis Trading Corp
—
Deed Of Trust
related
$1,200,000 · Southwest Securities Bank
—
—
A3 Companies LLC
—
Deed Of Trust
related
$1,500,000 · Stockmans Bk
—
—
Jessup Investments LLC
—
Deed Of Trust
related
$1,200,000 · Southwest Securities Bank
—
—
F & S2 LLC
—
Loan Modification
related
$1,727,770 · Stockmans Bk
—
—
Atlantis Trading Ltd
—
Deed Of Trust
related
$1,200,000 · Southwest Securities Bank
—
—
Atlantis Trading Corp
—
Loan Modification
related
$2,000,000 · Southwest Securities 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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