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Property profile & analytics
OFF-MARKET
Estimated value
$760,000
Office buildings
2000 Royal Ln Dallas, TX 75229-3298
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US82-1945843
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2004
Construction
TILT-UP CONCRETE
Total area
15,742 SF
Lot
0.75 ac (32,757 SF)
Zoning code
Z116
APN
006542000001A0000
UPID
US82-1945843
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
-
Lifestyle Wellness Center Alternative Medicine Practice
-
HANIN DRIVING Training Center
-
Royal Signs Of Dallas Marketing & Advertising Advertising Agency
-
Barun Spine Chiropractic: 바른척추병원 Alternative Medicine Practice
-
Barun Spine (바른척추신경병원) Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$590k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$927k
Blend (final)
Blend
$760k
Owner & transaction history
Hm & S Investment Group LLC · 2 yrs held
Hm & S Investment Group LLC
since 2023
7 recorded transactions
Zoning & alternative use
Z116 · Dallas, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$1.2M
+41.3%
Medical building
$1.1M
+21.5%
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
$590,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$880,000
Current use
INDUSTRIAL (GENERAL)
$1,240,000
Change: +41% · Conversion: Difficult
MEDICAL BUILDING
$1,070,000
Change: +21% · Conversion: Easy
Blend value · Realmo final
$760k
Range $684k – $836k · ±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
$48 / 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
$37,864
Tax year 2023
Assessed value
$1,650,000
Assessed 2023
Previous assessed
$1,650,000
+0.0% YoY
Effective rate
2.29%
On assessed value
Assessed land
$262,060
Assessed improvement
$1,387,940
Land market value
$262,060
Improvement market value
$1,387,940
Total market value
$1,650,000
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
2004
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Total area
15,742 SF
Lot
0.75 ac (32,757 SF)
Zoning code
Z116
APN
006542000001A0000
UPID
US82-1945843
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z116 · Dallas, TX
Zoning Z116 · permitted uses
Z116 · 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
OFFICE BUILDING Current
Est. value
$880,000
INDUSTRIAL (GENERAL)
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.1M
OFFICE BUILDING Current
INDUSTRIAL (GENERAL)
MEDICAL BUILDING
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
2004
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
0.75 ac
Current owner
From public records · entity-resolved
Hm & S Investment Group LLC
Entity
Mailing address
416 S HAMPTON CT STE #100, LEWISVILLE, TX 75056-5581
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 13, 2023
—
Hm & S Investment Group LLC
Jh Lemon Investments LLC
Venders Lien
$1,480,000 · Us Metro Bank
Jun 2, 2020
—
Jh Lemon Investments LLC
Commonwealth Business Bank
Venders Lien
$1,111,000 · Commonwealth Business Bank
Jan 7, 2020
$1,454,403
Commonwealth Busn Bk
Ivie John H III|jm & M Investments INC
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
related
—
Jun 9, 2017
—
Jm & M Investments INC
Hc&c Investments LLC
Venders Lien
$1,740,000 · Commonwealth Business Bank
Feb 19, 2009
—
Hc & C Investments LLC
Cc & L Investment INC
Warranty Deed
related
—
Aug 30, 2006
—
Cc & L Investment INC
—
Trustees Deed
related
$1,375,000 · United Central Bank
—
—
Hc & C Investments LLC
—
Deed Of Trust
related
$1,170,000 · Wilshire State Bank
—
—
Kyung T Min
—
Deed Of Trust
related
$1,000,000 · Gje Financial INC
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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