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Property profile & analytics
OFF-MARKET
Estimated value
$4,275,000
Hospitals
1340 Empire Central Dr Dallas, TX 75247-4022
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US82-1469621
Property profile
Verified
Property type
Hospitals
Use group
HOSPITAL - PRIVATE
Year built
2008
Construction
TILT-UP CONCRETE
Total area
40,828 SF
Lot
2.85 ac (124,102 SF)
Zoning code
Z151
APN
007940000M0080000
UPID
US82-1469621
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
-
Fresenius Medical Care at Global Rehab Dallas Medical Clinic
-
Lindsey Amos Pediatrician Medical Clinic
-
Omolara Aderinboye Pediatrician Medical Clinic
-
Dr. Anayah Sarkar Pediatrician Medical Clinic
-
Dr. Hooman Sedighi, MD Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.62M
Blend (final)
Blend
$4.28M
Owner & transaction history
Cmk2b Dallas LLC · 6 yrs held
Cmk2b Dallas LLC
since 2020
7 recorded transactions
Zoning & alternative use
Z151 · Dallas, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.7M
+107.2%
Auto repair, garage
$4.8M
+71.9%
Retail stores
$4.3M
+54.3%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,770,000
Current use
RESTAURANT
$5,740,000
Change: +107% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,760,000
Change: +72% · Conversion: Difficult
RETAIL STORES
$4,275,000
Change: +54% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,885,000
Change: +4% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,790,000
Change: +1% · Conversion: Easy
OFFICE BUILDING
$2,740,000
Change: -1% · Conversion: Easy
Blend value · Realmo final
$4.28M
Range $3.85M – $4.70M · ±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
$105 / 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
$195,056
Tax year 2023
Assessed value
$8,500,000
Assessed 2023
Previous assessed
$8,500,000
+0.0% YoY
Effective rate
2.29%
On assessed value
Assessed land
$1,861,530
Assessed improvement
$6,638,470
Land market value
$1,861,530
Improvement market value
$6,638,470
Total market value
$8,500,000
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
Hospitals
Use group
HOSPITAL - PRIVATE
Status
Off-Market
Year built
2008
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
40
Total area
40,828 SF
Lot
2.85 ac (124,102 SF)
Zoning code
Z151
APN
007940000M0080000
UPID
US82-1469621
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
MEDICAL BUILDING Current
Est. value
$2.8M
RESTAURANT
Est. value
$5.7M
AUTO REPAIR, GARAGE
Est. value
$4.8M
RETAIL STORES
Est. value
$4.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.9M
COMMERCIAL (GENERAL)
Est. value
$2.8M
OFFICE BUILDING
Est. value
$2.7M
MEDICAL BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
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
2008
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
40
Lot
2.85 ac
Current owner
From public records · entity-resolved
Cmk2b Dallas LLC
Entity
Mailing address
800 BOYLSTON ST STE #2800, BOSTON, MA 02199-8144
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 17, 2020
—
Cmk2b Dallas LLC
Dallas Medical Properties LLC
Special Warranty Deed
$57,275,000 · Capital One Bank NA
Sep 8, 2017
—
Dallas Medical Properties LLC
Cornerstone Dallas Rehab LP
Special Warranty Deed
$36,550,556 · Capital One NA
Aug 20, 2010
—
Cornerstone Dallas Rehab LP
Gr Irf I LP
Grant Deed
—
Nov 16, 2007
—
Irf I Gr
Brookhollow Corp
Grant Deed
$9,341,064 · Stillwater Nat'l Bank & Trust
Nov 9, 2007
—
Gr Irf 1 LP
Owner Name Unavailable
Grant Deed
related
$9,341,064 · Stillwater Nat'l Bank & Trust
May 30, 2007
—
Brookhollow Place Partners
—
Trustees Deed
related
$125,000 · Regions Bank
—
—
Cornerstone Dallas Rehab LP
—
Loan Modification
related
—
—
—
Cornerstone Dallas Rehab LP
—
Deed Of Trust
related
$7,530,000 · American Momentum Bk
—
—
Brookhollow Place Partners
—
Deed Of Trust
related
$1,011,000 · Regions Bank
—
—
Cornerstone Dallas Rehab LP
—
Loan Modification
related
—
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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