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Property profile & analytics
OFF-MARKET
Estimated value
$5,920,000
Grocery and convenience stores
1516 Westmoreland Rd Dallas, TX 75211-5765
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US82-1951460
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1981
Construction
TILT-UP CONCRETE
Total area
43,650 SF
Lot
6.04 ac (263,233 SF)
Zoning code
Z59
APN
464215000000
UPID
US82-1951460
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
-
Thrift Town Discount Store
-
Watermill Express Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.10M
Blend (final)
Blend
$5.92M
Owner & transaction history
Wilton Westmoreland LLC · 9 yrs held
Wilton Westmoreland LLC
since 2016
2 recorded transactions
Zoning & alternative use
Z59 · Dallas, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$9.9M
+67.7%
Office building
$7.7M
+30.7%
Apartment house (5+ units)
$7.3M
+24.2%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$5,880,000
Current use
COMMERCIAL (GENERAL)
$9,860,000
Change: +68% · Conversion: Easy
OFFICE BUILDING
$7,685,000
Change: +31% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$7,305,000
Change: +24% · Conversion: Difficult
RESTAURANT
$6,655,000
Change: +13% · Conversion: Easy
AUTO REPAIR, GARAGE
$5,090,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$5.92M
Range $5.33M – $6.51M · ±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
$136 / 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
$97,528
Tax year 2023
Assessed value
$4,250,000
Assessed 2023
Previous assessed
$4,250,000
+0.0% YoY
Effective rate
2.29%
On assessed value
Assessed land
$1,316,180
Assessed improvement
$2,933,820
Land market value
$1,316,180
Improvement market value
$2,933,820
Total market value
$4,250,000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1981
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Buildings
4
Stories
1
Total area
43,650 SF
Lot
6.04 ac (263,233 SF)
Zoning code
Z59
APN
464215000000
UPID
US82-1951460
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z59 · Dallas, TX
Zoning Z59 · permitted uses
Z59 · 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
RETAIL STORES Current
Est. value
$5.9M
COMMERCIAL (GENERAL)
Est. value
$9.9M
OFFICE BUILDING
Est. value
$7.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.3M
RESTAURANT
Est. value
$6.7M
AUTO REPAIR, GARAGE
Est. value
$5.1M
RETAIL STORES Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
AUTO REPAIR, GARAGE
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
1981
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
4
Lot
6.04 ac
Current owner
From public records · entity-resolved
Wilton Westmoreland LLC
Entity
Mailing address
PO BOX 177307, IRVING, TX 75017-7307
Ownership since
2016
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 16, 2016
—
Wilton Westmoreland LLC
Westmoreland Center LLC
Quit Claim Deed
related
$2,975,000 · Bank Of Tx
Sep 15, 2010
—
Nk-remainder Interest LLC
Pauline Loupot Ptshp
Grant Deed
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.
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