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Property profile & analytics
OFF-MARKET
Estimated value
$950,000
Bars & Pubs
1899 Mckinney Ave Dallas, TX 75201-1729
Entity Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-0460803
Property profile
Verified
Property type
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Year built
1966
Construction
TILT-UP CONCRETE
Total area
7,953 SF
Lot
0.45 ac (19,466 SF)
Zoning code
Z239
APN
106768000000
UPID
US82-0460803
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$700k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.20M
Blend (final)
Blend
$950k
Owner & transaction history
Wc 1899 Mckinney Avenue LLC · 11 yrs held
Wc 1899 Mckinney Avenue LLC
since 2014
7 recorded transactions
Zoning & alternative use
Z239 · Dallas, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.3M
+52.2%
Auto repair, garage
$930,000
+11.8%
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
$700,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NIGHTCLUB (COCKTAIL LOUNGE)
$830,000
Current use
COMMERCIAL (GENERAL)
$1,265,000
Change: +52% · Conversion: Difficult
AUTO REPAIR, GARAGE
$930,000
Change: +12% · Conversion: Difficult
Blend value · Realmo final
$950k
Range $855k – $1.05M · ±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
$119 / 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
$73,729
Tax year 2024
Assessed value
$3,212,890
Assessed 2024
Previous assessed
$3,212,890
+0.0% YoY
Effective rate
2.29%
On assessed value
Assessed land
$3,211,890
Assessed improvement
$1,000
Land market value
$3,211,890
Improvement market value
$1,000
Total market value
$3,212,890
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
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Status
Off-Market
Year built
1966
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Total area
7,953 SF
Lot
0.45 ac (19,466 SF)
Zoning code
Z239
APN
106768000000
UPID
US82-0460803
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
NIGHTCLUB (COCKTAIL LOUNGE) Current
Est. value
$830,000
COMMERCIAL (GENERAL)
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$930,000
NIGHTCLUB (COCKTAIL LOUNGE) Current
COMMERCIAL (GENERAL)
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
1966
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Lot
0.45 ac
Current owner
From public records · entity-resolved
Wc 1899 Mckinney Avenue LLC
Entity
Mailing address
515 S CAPITAL OF TEXAS HWY STE #225, WEST LAKE HILLS, TX 78746-4361
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
19 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 31, 2022
—
Rpc 1899 Mckinney LLC
—
Deed
related
$5,875,000 · Axos Bank
Aug 29, 2022
—
Rpc 1899 Mckinney LLC
—
Deed
related
$5,875,000 · Axos Bank
Feb 4, 2021
—
Rpc 1899 Mckinney LLC
—
Deed
related
$4,500,000 · Thrive Lending Fund II LLC
Jul 17, 2020
—
Rpc 1899 Mckinney LLC
—
Deed
related
$3,500,000 · Thrive Lndg Fund II LLC
Jun 27, 2019
—
Rpc 1899 Mckinney LLC
—
Deed
related
$3,500,000 · Thrive Lending Fund II LLC
Sep 4, 2014
—
Wc 1899 Mckinney Avenue LLC
Pearl Realty Holdings LLC
Grant Deed
$3,000,000 · Partners Cap Solutions Fund
Apr 3, 2012
—
Pearl Realty Holdings LLC
—
Trustees Deed
related
$75,625 · Texas Tax Solution LLC
May 13, 2011
—
Pearl Realty Holdings LLC
—
Trustees Deed
related
$56,622 · Texas Tax Solution LLC
Nov 17, 2009
—
Pearl Realty Holdings LLC
Downtown Vistas Dev
Grant Deed
related
$2,550,000 · Texas Capital Bank NA
Jul 10, 2008
—
Downtown Vistas Dev Co
—
Trustees Deed
related
$1,167,600 · Park Cities Bank
Feb 24, 2005
—
Downtown Vistas Dev Co
Lmt Partners
Warranty Deed
$1,167,600 · Park Cities Bank
Aug 23, 2004
—
Lmt Partners
Uptown Metropolitan Ptrs Ltd
Warranty Deed
$780,000 · Tolleson Private Bank
—
—
Pearl Realty Holdings LLC
—
Loan Modification
related
$2,550,000 · Texas Capital Bank NA
—
—
Pearl Realty Holdings LLC
—
Deed Of Trust
related
$2,550,000 · Texas Capital Bank NA
—
—
Rpc 1899 Mckinney LLC
—
Loan Modification
related
$3,500,000 · Thrive Lndg Fund II LLC
—
—
Pearl Realty Holdings LLC
—
Deed Of Trust
related
$150,000 · Texas Capital Bank NA
—
—
Wc 1899 Mckinney Avenue LLC
—
Loan Modification
related
$3,000,000 · Partners Cap Solutions Fund
—
—
Pearl Realty Holdings LLC
—
Deed Of Trust
related
$2,550,000 · Texas Capital Bank NA
—
—
Pearl Realty Holdings LLC
—
Deed Of Trust
related
$2,550,000 · Texas Capital Bank NA
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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