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Property profile & analytics
FOR LEASE
Parking lots & garages
16000 Dallas Pkwy Dallas, TX 75248
Entity Owned
3-yr Hold
Free & Clear
Property ID
US82-9473206
For Lease
1 / 10
$3,475,000
16000 Dallas Pkwy, Dallas, TX 75248
View Listing →
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
1997
Construction
FRAME
Total area
402,248 SF
Lot
7.39 ac (321,996 SF)
Zoning code
Z182
APN
008707000B03A0000
UPID
US82-9473206
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
-
Eagle Hospital Of North Dallas Hospital
-
Harmonic Data Associates, Inc. (Bike/Boat/Book/etc) Store Corporate Office
-
Alliant Insurance Services, Inc. Insurance Agency
-
Idea Grove LLC Marketing & Advertising Advertising Agency
-
Anson Funds Corporate Office Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.48M
Owner & transaction history
Northbrook Advisors LLC · 3 yrs held
Northbrook Advisors LLC
since 2023
6 recorded transactions
Zoning & alternative use
Z182 · Dallas, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
PARKING LOT
$3,445,000
Current use
Blend value · Realmo final
$3.48M
Range $3.13M – $3.82M · ±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
$9 / 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
$1,875,983
Tax year 2023
Assessed value
$81,750,000
Assessed 2023
Previous assessed
$81,750,000
+0.0% YoY
Effective rate
2.29%
On assessed value
Assessed land
$5,795,910
Assessed improvement
$75,954,090
Land market value
$5,795,910
Improvement market value
$75,954,090
Total market value
$81,750,000
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
For Lease
Year built
1997
Construction
FRAME
Heating
NONE
Cooling
NONE
Buildings
2
Stories
4
Total area
402,248 SF
Lot
7.39 ac (321,996 SF)
Zoning code
Z182
APN
008707000B03A0000
UPID
US82-9473206
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z182 · Dallas, TX
Zoning Z182 · permitted uses
Z182 · 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
PARKING LOT Current
Est. value
$3.4M
PARKING LOT Current
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
1997
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
4
Buildings
2
Lot
7.39 ac
Current owner
From public records · entity-resolved
Northbrook Advisors LLC
Entity
Free & Clear · 3 yrs held
Mailing address
16000 DALLAS PKWY STE #300, DALLAS, TX 75248-6609
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 1, 2023
—
Northbrook Advisors LLC
Concord Storage Associates LLC
Special Warranty Deed
—
Nov 10, 2015
—
Bgp Tollway LLC
Spus6 Tollway Plaza LP
Trustees Deed
$57,525,000 · Miscellaneous Ins Co
Jun 11, 2015
—
Broadstone Bent Tree Apartment
Sp6 Tollway Plaza Land LLC
Grant Deed
related
—
Oct 4, 2012
—
Spus6 Tollway Plaza LP
Tollway Plaza LP
Quit Claim Deed
related
—
Aug 16, 2006
—
Carr Np Tx Properties
Carr Dev & Construction
Quit Claim Deed
related
—
—
—
Spus6 Tollway Plaza LP
—
Deed Of Trust
related
$40,000,000 · Miscellaneous Ins Co
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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