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Property profile & analytics
FOR LEASE
Retail space
1615 Main St Dallas, TX 75201
Entity Owned
16-yr Hold
Free & Clear
Property ID
US82-3608302
For Lease
$1,255,000
1615 Main St, Dallas, TX 75201
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2015
Construction
FRAME
Total area
43,180 SF
Lot
0.11 ac (5,000 SF)
Zoning code
Z239
APN
100996000000
UPID
US82-3608302
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
-
Alaïa Forty Five Ten Dallas Store Clothing & Fashion Store
-
Forty Five Ten Clothing Store
-
Lucea wind-powered floral pinwheel by Anthony Howe Sculpture
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.26M
Owner & transaction history
Elm At Stoneplace Holdings LLC · 16 yrs held
Elm At Stoneplace Holdings LLC
since 2010
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
$29 / 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
$94,660
Tax year 2023
Assessed value
$4,125,000
Assessed 2023
Previous assessed
$4,125,000
+0.0% YoY
Effective rate
2.29%
On assessed value
Assessed land
$450,000
Assessed improvement
$3,675,000
Land market value
$450,000
Improvement market value
$3,675,000
Total market value
$4,125,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
2015
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
4
Total area
43,180 SF
Lot
0.11 ac (5,000 SF)
Zoning code
Z239
APN
100996000000
UPID
US82-3608302
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
2015
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
4
Lot
0.11 ac
Current owner
From public records · entity-resolved
Elm At Stoneplace Holdings LLC
Entity
Free & Clear · 16 yrs held
Mailing address
1615 MAIN ST, DALLAS, TX 75201-4715
Ownership since
2010
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
Apr 16, 2010
—
Elm At Stoneplace Holdings LLC
Dallas Main Street Devs LLC
Grant Deed
related
—
Mar 30, 2010
—
Dallas Main Street Devs LLC
—
Trustees Deed
related
$550,000 · Prosperity Bank
—
—
Elm Street Dev LLC
—
Deed Of Trust
related
$50,263 · Tax Loans USA LLC
—
—
Dallas Main Street Development
—
Deed Of Trust
related
$550,000 · Prosperity Bank
—
—
Dallas Main Stdev LLC
—
Deed Of Trust
related
$15,819 · Tax Loans USA LLC
—
—
Dallas Main Street Dev LLC
—
Deed Of Trust
related
$29,480 · Tax Loans USA LLC
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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