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Property profile & analytics
OFF-MARKET
Estimated value
$965,000
Office buildings
2001 Lamar St Dallas, TX 75202-1736
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US82-4673690
Property summary
AI-generated overview
This fully furnished, 105-square-foot executive office suite is available for sublease in the historic West End District of Dallas, Texas. Located on the second floor of the Oilwell Supply Building, a Class B office building, this move-in ready space is perfect for a small business, startup, or individual professional. The suite boasts modern decor, desks, chairs, and tables, offering a complete and comfortable workspace. Flexible net lease terms are available. The building features secure entry and a professional environment. The West End District offers unparalleled convenience, with easy access to public transportation (DART West End Station) and major highways. Enjoy the vibrant atmosphere, prime dining and entertainment options, and the proximity to attractions like the Perot Museum and Dallas World Aquarium. This location provides excellent networking opportunities within a thriving professional community. The building was renovated in 2022 and is situated near the intersection of Munger and N. Lamar Streets. This is a single-tenant space within a five-story building.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1923
Construction
FRAME
Total area
70,637 SF
Lot
0.4 ac (17,585 SF)
Zoning code
Z21
APN
000204000004A0000
UPID
US82-4673690
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
-
Apprised Publishing LLC Publishing House
-
Jacobs Architects Architect
-
The Law Office of Georgina Garcia Law Firm
-
D2 Architecture Architect Assisted Living Facility
-
GSR Andrade Architects, Inc. Architect Architecture Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.11M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$826k
Blend (final)
Blend
$965k
Owner & transaction history
New Waverly Holdings Ltd · 4 yrs held
New Waverly Holdings Ltd
since 2021
7 recorded transactions
Zoning & alternative use
Z21 · 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
$1,110,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,150,000
Current use
Blend value · Realmo final
$965k
Range $869k – $1.06M · ±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
$14 / 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
$102,030
Tax year 2023
Assessed value
$4,446,160
Assessed 2023
Previous assessed
$4,446,160
+0.0% YoY
Effective rate
2.29%
On assessed value
Assessed land
$2,110,200
Assessed improvement
$2,335,960
Land market value
$2,110,200
Improvement market value
$2,335,960
Total market value
$4,446,160
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
1923
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
5
Total area
70,637 SF
Lot
0.4 ac (17,585 SF)
Zoning code
Z21
APN
000204000004A0000
UPID
US82-4673690
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z21 · Dallas, TX
Zoning Z21 · permitted uses
Z21 · 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
$1.2M
OFFICE BUILDING 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
1923
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
5
Lot
0.4 ac
Current owner
From public records · entity-resolved
New Waverly Holdings Ltd
Entity
Mailing address
4808 GIBSON ST, HOUSTON, TX 77007-5480
Ownership since
2021
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 3, 2021
—
New Waverly Holdings Ltd
703 Mekitmey Limited Partnership
Special Warranty Deed
$3,500,000 · Bancorpsouth Bank
May 2, 2017
—
703 Mckinney LP
—
Trustees Deed
related
$244,036 · Hci General Contractors INC
Aug 24, 2016
—
Mckinney Limited Partnership
—
Deed
related
$4,600,000 · Frost Bank
Jun 12, 2014
—
703 Mckinney Limited Partnership
Cci West End I LP
Special Warranty Deed
$2,900,000 · Frost Bank
May 5, 2011
—
Cci-west End I LP
Bacm 2000-2 Lamar Supply Build
Grant Deed
$100,000 · Sovereign Bank
Jun 2, 2009
$2,985,000
Bacm 2000-2 Lamar Supply Build
Zissa Jeffrey J
Trustees Deed
related
—
—
—
Cci-west End I LP
—
Loan Modification
related
$2,697,000 · Sovereign Bk
—
—
Cci-west End I LP
—
Deed Of Trust
related
$2,697,000 · Sovereign Bank
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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