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Property profile & analytics
FOR SALE
Banks
13601 Midway Rd Dallas, TX 75244
Individually Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-3814341
For Sale
1 / 4
$4,300,000
13601 Midway Rd, Dallas, TX 75244
View Listing →
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2006
Construction
FRAME
Total area
7,624 SF
Lot
1.48 ac (64,447 SF)
Zoning code
Z236
APN
241315800A0010000
UPID
US82-3814341
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
-
Origin Bank Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$730k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.04M
Blend (final)
Blend
$885k
Owner & transaction history
400 Sundance Parkway Ltd · 6 yrs held
400 Sundance Parkway Ltd
since 2019
7 recorded transactions
Zoning & alternative use
Z236 · Dallas, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.1M
+22.0%
Auto repair, garage
$890,000
+1.2%
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
$730,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$880,000
Current use
RESTAURANT
$1,070,000
Change: +22% · Conversion: Difficult
AUTO REPAIR, GARAGE
$890,000
Change: +1% · Conversion: Difficult
RETAIL STORES
$800,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$885k
Range $797k – $974k · ±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
$116 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$81,816
Tax year 2024
Assessed value
$3,900,000
Assessed 2024
Previous assessed
$3,900,000
+0.0% YoY
Effective rate
2.10%
On assessed value
Assessed land
$966,710
Assessed improvement
$2,933,290
Land market value
$966,710
Improvement market value
$2,933,290
Total market value
$3,900,000
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
Banks
Use group
FINANCIAL BUILDING
Status
For Sale
Year built
2006
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
7,624 SF
Lot
1.48 ac (64,447 SF)
Zoning code
Z236
APN
241315800A0010000
UPID
US82-3814341
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z236 · Dallas, TX
Zoning Z236 · permitted uses
Z236 · 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
FINANCIAL BUILDING Current
Est. value
$880,000
RESTAURANT
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$890,000
RETAIL STORES
Est. value
$800,000
FINANCIAL BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
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
2006
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
1.48 ac
Current owner
From public records · entity-resolved
400 Sundance Parkway Ltd
Individual
Free & Clear · 6 yrs held
Mailing address
400 SUNDANCE PKWY LTD 3100TH MONTICELLO AVE AVE STE #765, DALLAS, TX 75205
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 25, 2021
—
400 Sundace Parkway Ltd
—
Deed
related
$2,500,000 · Oakwood Bank
Mar 19, 2020
—
400 Sundance Parkway Ltd
—
Deed
related
$200,000 · First United Bank & Trust Co
Aug 2, 2019
—
400 Sundance Parkway Ltd
Spc Midway Capital LP
Grant Deed
—
Apr 10, 2019
—
Spc Midway Capital LP
—
Deed
related
—
May 29, 2018
—
Spc Midway Capital LP
—
Deed
related
—
Dec 11, 2015
—
Spc Midway Capital LP
Burnette Family Dallas LLC
Grant Deed
—
Jan 22, 2007
—
Burnette Family Dallas LLC
Nwc Midway & Alpha LP
Special Warranty Deed
$1,925,000 · Wells Fargo Bank NA
—
—
Spc Midway Capital 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.
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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