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Property profile & analytics
FOR LEASE
Motels
14911 Quorum Dr Dallas, TX 75254
Entity Owned
19-yr Hold
Free & Clear
Property ID
US82-2684558
For Lease
$2,660,000
14911 Quorum Dr, Dallas, TX 75254
View Listing →
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1995
Construction
TILT-UP CONCRETE
Total area
100,830 SF
Lot
3.47 ac (151,284 SF)
Zoning code
Z236
APN
100049200000B0000
UPID
US82-2684558
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
-
Foster Benefit Resources Insurance Agency
-
Cobalt Medical Group
-
Anblicks (Bike/Boat/Book/etc) Store Corporate Office
-
Siplast Roofing Company General Contractor
-
Garfield Public/Private LLC Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.37M
Blend (final)
Blend
$2.66M
Owner & transaction history
Grand Prix Addison Ri LLC · 19 yrs held
Grand Prix Addison Ri LLC
since 2007
7 recorded transactions
Zoning & alternative use
Z236 · Dallas, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$4.0M
+86.5%
Industrial (general)
$4.0M
+86.0%
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
$2,150,000
Current use
WAREHOUSE, STORAGE
$4,005,000
Change: +87% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$3,995,000
Change: +86% · Conversion: Difficult
Blend value · Realmo final
$2.66M
Range $2.39M – $2.93M · ±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
$249,424
Tax year 2023
Assessed value
$11,500,000
Assessed 2023
Previous assessed
$11,500,000
+0.0% YoY
Effective rate
2.17%
On assessed value
Assessed land
$2,420,850
Assessed improvement
$9,079,150
Land market value
$2,420,850
Improvement market value
$9,079,150
Total market value
$11,500,000
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
Motels
Use group
MOTEL
Status
For Lease
Year built
1995
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
3
Units
150
Total area
100,830 SF
Lot
3.47 ac (151,284 SF)
Zoning code
Z236
APN
100049200000B0000
UPID
US82-2684558
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
HOTEL/MOTEL Current
Est. value
$2.2M
WAREHOUSE, STORAGE
Est. value
$4.0M
INDUSTRIAL (GENERAL)
Est. value
$4.0M
HOTEL/MOTEL Current
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
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
1995
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
3
Units
150
Lot
3.47 ac
Current owner
From public records · entity-resolved
Grand Prix Addison Ri LLC
Entity
Free & Clear · 19 yrs held
Mailing address
545 E JOHN CARPENTER FWY STE #1400, IRVING, TX 75062-3933
Ownership since
2007
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
Nov 12, 2019
—
Grand Prix Addison Ri LLC
—
Deed
related
$755,000,000 · Morgan Stanley Bk
Sep 10, 2018
—
Belvedere Owner LLC
—
Deed
related
$24,645,000 · Inpoint Reit Operating Ptshp L
May 11, 2017
—
Grand Prix Addison Ri LLC
—
Deed
related
$754,000,000 · Morgan Stanley Bk
Jul 16, 2007
—
Grand Prix Addison Ri LLC
Innkeepers Residence Addison
Grant Deed
related
—
Feb 12, 1997
—
Add Innkeepers Residence
Adhotel Assoc Ltd
Grant Deed
related
—
—
—
Grand Prix Addison Ri LLC
—
Deed Of Trust
related
$755,000,000 · Morgan Stanley Bk
—
—
Grand Prix Addison Ri LLC
—
Deed Of Trust
related
$754,000,000 · Morgan Stanley Bk
—
—
Grand Prix Addison Ri LLC
—
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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