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Property profile & analytics
OFF-MARKET
Estimated value
$5,300,000
Hotels
13402 Noel Rd Dallas, TX 75240-5004
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US83-3863259
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2001
Construction
FRAME
Total area
205,745 SF
Lot
2.98 ac (129,591 SF)
Zoning code
Z239
APN
007017000C01A0000
UPID
US83-3863259
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
-
Le Méridien Dallas by the Galleria Hotel & Motel
-
ATM (ATM Link, Inc.) Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.74M
Blend (final)
Blend
$5.30M
Owner & transaction history
Nb Hotels Dallas LLC · 11 yrs held
Nb Hotels Dallas LLC
since 2015
6 recorded transactions
Zoning & alternative use
Z239 · Dallas, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$8.7M
+97.6%
Warehouse, storage
$8.2M
+86.5%
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
HOTEL/MOTEL
$4,380,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$8,660,000
Change: +98% · Conversion: Difficult
WAREHOUSE, STORAGE
$8,175,000
Change: +87% · Conversion: Difficult
Blend value · Realmo final
$5.30M
Range $4.77M – $5.83M · ±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
$26 / 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
$527,800
Tax year 2023
Assessed value
$23,000,000
Assessed 2023
Previous assessed
$23,000,000
+0.0% YoY
Effective rate
2.29%
On assessed value
Assessed land
$4,535,690
Assessed improvement
$18,464,310
Land market value
$4,535,690
Improvement market value
$18,464,310
Total market value
$23,000,000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2001
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
11
Units
258
Total area
205,745 SF
Lot
2.98 ac (129,591 SF)
Zoning code
Z239
APN
007017000C01A0000
UPID
US83-3863259
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z239 · Dallas, TX
Zoning Z239 · permitted uses
Z239 · 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
HOTEL/MOTEL Current
Est. value
$4.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.7M
WAREHOUSE, STORAGE
Est. value
$8.2M
HOTEL/MOTEL Current
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
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
2001
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
11
Units
258
Lot
2.98 ac
Current owner
From public records · entity-resolved
Nb Hotels Dallas LLC
Entity
Mailing address
1999 BRANDON ST STE #900, DALLAS, TX 75208
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 11, 2019
—
Nb Hotels Dallas LLC
—
Deed
related
$42,840,000 · Morgan Stanley Bk
Jun 22, 2015
—
Nb Hotels Dallas LLC
Arep-hei Dallas Hotel LLC
Grant Deed
$31,000,000 · Dba Principal Commercial Capital
May 16, 2013
—
Arep-hei Dallas Hotel LLC
Hei North Dallas LP
Quit Claim Deed
related
$33,000,000 · Capitalsource Bk
Jun 3, 2010
$17,000,000
Hei North Dallas LP
Elfenbein Connie
Trustees Deed
—
—
—
Nb Hotels Dallas LLC
—
Deed Of Trust
related
$42,840,000 · Morgan Stanley Bk
—
—
Hei North Dallas LP
—
Deed Of Trust
related
$25,000,000 · Cibc INC
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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