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Property profile & analytics
OFF-MARKET
Estimated value
$31,875,000
Apartment buildings
1401 Zang Blvd Dallas, TX 75203
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US82-1954981
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2003
Construction
FRAME
Total area
290,902 SF
Lot
13.9 ac (605,528 SF)
Zoning code
Z239
APN
003414000D09A0000
UPID
US82-1954981
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$26.77M
Blend (final)
Blend
$31.88M
Owner & transaction history
Founders Peak LP · 19 yrs held
Founders Peak LP
since 2006
2 recorded transactions
Zoning & alternative use
Z239 · Dallas, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$51.8M
+195.8%
Retail stores
$43.9M
+150.6%
Restaurant
$40.9M
+133.5%
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
COMMERCIAL (GENERAL)
$51,800,000
Change: +196% · Conversion: Moderate
RETAIL STORES
$43,895,000
Change: +151% · Conversion: Difficult
RESTAURANT
$40,895,000
Change: +133% · Conversion: Difficult
AUTO REPAIR, GARAGE
$33,930,000
Change: +94% · Conversion: Difficult
WAREHOUSE, STORAGE
$23,460,000
Change: +34% · Conversion: Difficult
OFFICE BUILDING
$23,305,000
Change: +33% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$20,565,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$31.88M
Range $28.69M – $35.06M · ±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
$110 / 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
$1,375,721
Tax year 2023
Assessed value
$59,950,000
Assessed 2023
Previous assessed
$59,950,000
+0.0% YoY
Effective rate
2.29%
On assessed value
Assessed land
$20,587,950
Assessed improvement
$39,362,050
Land market value
$20,587,950
Improvement market value
$39,362,050
Total market value
$59,950,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2003
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
3
Units
336
Total area
290,902 SF
Lot
13.9 ac (605,528 SF)
Zoning code
Z239
APN
003414000D09A0000
UPID
US82-1954981
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
COMMERCIAL (GENERAL)
Est. value
$51.8M
RETAIL STORES
Est. value
$43.9M
RESTAURANT
Est. value
$40.9M
AUTO REPAIR, GARAGE
Est. value
$33.9M
WAREHOUSE, STORAGE
Est. value
$23.5M
OFFICE BUILDING
Est. value
$23.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$20.6M
COMMERCIAL (GENERAL)
RETAIL STORES
RESTAURANT
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
2003
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
3
Units
336
Lot
13.9 ac
Current owner
From public records · entity-resolved
Founders Peak LP
Entity
Mailing address
4582 S ULSTER ST STE #1200, DENVER, CO 80237-2639
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 21, 2006
—
Founders Peak LP
Jefferson At Kessler Heights LP
Special Warranty Deed
$21,300,000 · Lehman Brothers Bank Fsb
—
—
Founders Peak LP
—
Deed Of Trust
related
$24,725,000 · Keybank USA
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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