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Property profile & analytics
OFF-MARKET
Estimated value
$10,595,000
Office buildings
1601 Elm St Dallas, TX 75201-4701
Entity Owned
~
Est. High Equity
Property ID
US83-3802429
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1981
Construction
STEEL FRAME
Total area
997,113 SF
Lot
1.44 ac (62,722 SF)
Zoning code
Z239
APN
00C71970000100100
UPID
US83-3802429
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
-
Peradventure Plumbing Plumbing Service General Contractor
-
Pro Business Plans Business Management Consultant
-
Jennings James A Law Firm
-
Pope Bryan T Law Firm
-
Robert C. Jenevein Mediation Mediation Service Civil Law Attorney
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.60M
Owner & transaction history
4950 Hospitality LLC
4950 Hospitality LLC
since 2025
6 recorded transactions
Zoning & alternative use
Z239 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$11 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$3,123,656
Tax year 2024
Assessed value
$136,120,000
Assessed 2024
Previous assessed
$136,120,000
+0.0% YoY
Effective rate
2.29%
On assessed value
Assessed land
$5,958,590
Assessed improvement
$130,161,410
Land market value
$5,958,590
Improvement market value
$130,161,410
Total market value
$136,120,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1981
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
CENTRAL
Buildings
3
Stories
50
Total area
997,113 SF
Lot
1.44 ac (62,722 SF)
Zoning code
Z239
APN
00C71970000100100
UPID
US83-3802429
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.
Building & site characteristics
From public records
Year built
1981
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
50
Buildings
3
Lot
1.44 ac
Current owner
From public records · entity-resolved
4950 Hospitality LLC
Entity
Mailing address
1601 ELM ST STE #3110, DALLAS, TX 75201-4737
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
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
Aug 12, 2025
—
4950 Hospitality LLC
1601 Elm Holdings LP
Deed
$132,500,000 · Cim Real Estate Credit LLC
Apr 21, 2023
—
750 Nsp Holdings LLC
—
Deed
related
$66,684,433 · Metlife Home Loans
Mar 18, 2019
—
1601 Elm Holdings LP
—
Grant Deed
related
$131,400,000 · Acore Cap Mtg LP
Aug 27, 2018
—
Whitacre Tower Holdings LP
Iep Dallas LLC
Grant Deed
related
—
Dec 22, 2016
—
1601 Elm Holdings LP
Pe Tower Garage Holdings LP
Special Warranty Deed
$116,400 · Delphi Cre Funding LLC
Feb 22, 2007
—
Ypi Thanksgiving Twr Owner LLC
T Tower
Grant Deed
$84,000,000 · Countrywide Com'l R E Fin
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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