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Property profile & analytics
FOR LEASE
Office buildings
13737 Noel Rd Dallas, TX 75240
Individually Owned
12-yr Hold
~
Est. High Equity
Property ID
US83-4245051
For Lease
1 / 2
$11,510,000
13737 Noel Rd, Dallas, TX 75240
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1998
Construction
FRAME
Total area
394,853 SF
Lot
2.79 ac (121,620 SF)
Zoning code
Z239
APN
007003000B01A0000
UPID
US83-4245051
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
-
Edward S Brewer MD Medical Clinic
-
Megan Post Physician
-
Dr. Carey Nelson Physician
-
Udaya Padakandla, MD Physician
-
DocAssist Medical Transcription Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.51M
Owner & transaction history
Ipers Galleria North Tower I I · 12 yrs held
Ipers Galleria North Tower I I
since 2014
7 recorded transactions
Zoning & alternative use
Z239 · Dallas, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$16.6M
+7.8%
Warehouse, storage
$15.7M
+1.7%
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
OFFICE BUILDING
$15,420,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$16,620,000
Change: +8% · Conversion: Difficult
WAREHOUSE, STORAGE
$15,690,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$11.51M
Range $10.36M – $12.66M · ±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
$29 / 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
$1,881,720
Tax year 2023
Assessed value
$82,000,000
Assessed 2023
Previous assessed
$82,000,000
+0.0% YoY
Effective rate
2.29%
On assessed value
Assessed land
$4,257,160
Assessed improvement
$77,742,840
Land market value
$4,257,160
Improvement market value
$77,742,840
Total market value
$82,000,000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1998
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
16
Total area
394,853 SF
Lot
2.79 ac (121,620 SF)
Zoning code
Z239
APN
007003000B01A0000
UPID
US83-4245051
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
OFFICE BUILDING Current
Est. value
$15.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$16.6M
WAREHOUSE, STORAGE
Est. value
$15.7M
OFFICE BUILDING 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
1998
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
16
Buildings
2
Lot
2.79 ac
Current owner
From public records · entity-resolved
Ipers Galleria North Tower I I
Individual
Mailing address
222 S RIVERSIDE PLZ26FL, CHICAGO, IL 60606-5808
Ownership since
2014
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
Apr 4, 2025
—
Galleria North Tower I Owner LP
—
Deed
related
$63,397,000 · Athene Annuity And Life Company
Jun 18, 2019
—
Ipers Galleria N Tower I INC
—
Deed
related
$45,000,000 · Jp Morgan Chase Bk
Jun 19, 2014
—
Ipers Galleria North Tower I I
Fsp Galleria North LP
Trustees Deed
$43,500,000 · Miscellaneous Ins Co
Feb 2, 2012
—
Fsp Galleria North LP
—
Deed Of Trust
related
$15,000,000 · Franklin Street Props Corp
Oct 14, 2004
—
Galleria North Fsp
Hcp Land
Grant Deed
related
—
—
—
Ipers Galleria N Tower I INC
—
Deed Of Trust
related
$45,000,000 · Jp Morgan Chase Bk
—
—
Hcp Land LP
—
Deed Of Trust
related
$37,300,000 · Prudential Insurance Co
—
—
Hcp Land LP
—
Deed Of Trust
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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