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Property profile & analytics
OFF-MARKET
Estimated value
$1,540,000
Industrial properties
1514 Elm St Dallas, TX 75201-3509
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US82-2635043
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Year built
1900
Construction
FRAME
Total area
19,836 SF
Lot
0.23 ac (10,020 SF)
Zoning code
Z239
APN
000076000A0030000
UPID
US82-2635043
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
-
Sky Blossom Restaurant
-
Beehive (Restaurant-Bar-Lounge) Restaurant
-
Beehive Restaurant Lounge Restaurant
-
City Tavern Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.74M
Comparable Approach
Comparable
$1.34M
Blend (final)
Blend
$1.54M
Owner & transaction history
Mid Elm LP · 11 yrs held
Mid Elm LP
since 2015
7 recorded transactions
Zoning & alternative use
Z239 · Dallas, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.3M
+194.5%
Neighborhood: shopping center
$1.4M
+78.5%
Medical building
$1.3M
+71.3%
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%
$1,885,000
6.5%
$1,740,000
7%
$1,615,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$2,315,000
Change: +194% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,400,000
Change: +78% · Conversion: Difficult
MEDICAL BUILDING
$1,345,000
Change: +71% · Conversion: Difficult
RETAIL STORES
$1,280,000
Change: +63% · Conversion: Moderate
RESTAURANT
$1,270,000
Change: +62% · Conversion: Difficult
Blend value · Realmo final
$1.54M
Range $1.39M – $1.69M · ±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
$78 / 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
$149,161
Tax year 2023
Assessed value
$6,500,000
Assessed 2023
Previous assessed
$6,500,000
+0.0% YoY
Effective rate
2.29%
On assessed value
Assessed land
$951,900
Assessed improvement
$5,548,100
Land market value
$951,900
Improvement market value
$5,548,100
Total market value
$6,500,000
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
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Status
Off-Market
Year built
1900
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Buildings
6
Stories
5
Units
29
Total area
19,836 SF
Lot
0.23 ac (10,020 SF)
Zoning code
Z239
APN
000076000A0030000
UPID
US82-2635043
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
AUTO REPAIR, GARAGE
Est. value
$2.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.3M
RETAIL STORES
Est. value
$1.3M
RESTAURANT
Est. value
$1.3M
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
RETAIL STORES
RESTAURANT
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
1900
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
5
Buildings
6
Units
29
Lot
0.23 ac
Current owner
From public records · entity-resolved
Mid Elm LP
Entity
Mailing address
2550 PACIFIC AVE STE #1600, DALLAS, TX 75226-1495
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 30, 2017
—
Mid Elm LP
—
Deed
related
$14,600,000 · Southwest Bk
Mar 10, 2017
—
Mid Elm LP
—
Loan Modification
related
$2,700,000 · Southwest Bk
Dec 20, 2016
—
Mid Elm LP
—
Deed
related
$2,700,000 · Southwest Bk
Jun 20, 2016
—
Mid Elm LP
—
Deed
related
$2,700,000 · Southwest Bk
Feb 6, 2015
—
Mid Elm LP
Rreaf Holdings Mid Elm LLC
Quit Claim Deed
related
$2,700,000 · Southwest Bk
—
—
Mid Elm LP
—
Loan Modification
related
$2,700,000 · Southwest Bk
—
—
Mid Elm LP
—
Loan Modification
related
$2,700,000 · Southwest Bk
—
—
Mid Elm LP
—
Loan Modification
related
$2,700,000 · Southwest Bk
—
—
Mid Elm LP
—
Deed Of Trust
related
$14,600,000 · Southwest Bk
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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