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Property profile & analytics
OFF-MARKET
Estimated value
$4,135,000
Hotels
2015 Market Ctr Blvd Dallas, TX 75207-3318
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US82-0268814
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1969
Construction
FRAME
Total area
93,632 SF
Lot
3.71 ac (161,738 SF)
Zoning code
Z151
APN
775675000000
UPID
US82-0268814
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
-
Terranova Café Cafe & Coffee Shop
-
Skyline Resort
-
双树酒店 Hotel & Motel
-
Cotton Bowl Gym & Fitness Center Sports Field & Court
-
DoubleTree by Hilton Hotel Dallas - Market Center Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.62M
Comparable Approach
Comparable
$3.65M
Blend (final)
Blend
$4.14M
Owner & transaction history
Alta Strand LP · 10 yrs held
Alta Strand LP
since 2015
5 recorded transactions
Zoning & alternative use
Z151 · Dallas, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$6.8M
+240.8%
Neighborhood: shopping center
$6.6M
+231.9%
Medical building
$6.4M
+218.5%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$5,005,000
6.5%
$4,620,000
7%
$4,290,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$6,795,000
Change: +241% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$6,620,000
Change: +232% · Conversion: Difficult
MEDICAL BUILDING
$6,350,000
Change: +219% · Conversion: Difficult
OFFICE BUILDING
$6,215,000
Change: +212% · Conversion: Difficult
Blend value · Realmo final
$4.14M
Range $3.72M – $4.55M · ±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
$44 / 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
$458,956
Tax year 2023
Assessed value
$20,000,000
Assessed 2023
Previous assessed
$20,000,000
+0.0% YoY
Effective rate
2.29%
On assessed value
Assessed land
$5,660,830
Assessed improvement
$14,339,170
Land market value
$5,660,830
Improvement market value
$14,339,170
Total market value
$20,000,000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1969
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
11
Units
227
Total area
93,632 SF
Lot
3.71 ac (161,738 SF)
Zoning code
Z151
APN
775675000000
UPID
US82-0268814
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z151 · Dallas, TX
Zoning Z151 · permitted uses
Z151 · 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
INDUSTRIAL (GENERAL)
Est. value
$6.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.6M
MEDICAL BUILDING
Est. value
$6.4M
OFFICE BUILDING
Est. value
$6.2M
INDUSTRIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
OFFICE 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
1969
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
11
Buildings
2
Units
227
Lot
3.71 ac
Current owner
From public records · entity-resolved
Alta Strand LP
Entity
Mailing address
2015 MARKET CTR BLVD, DALLAS, TX 75207-3318
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 28, 2016
—
2015 Market Center LLC
—
Deed
related
$20,500,000 · Hanmi Bank
Aug 11, 2015
—
Alta Strand LP
1931 Market Center Boulevard L
Trustees Deed
$39,878,401 · Comerica Bk
Jan 17, 2014
—
2015 Market Center LLC
Market Center Lodging LP
Special Warranty Deed
$15,620,000 · Hanmi Bank
May 10, 2006
—
Market Center Lodging LP
Owner Name Unavailable
Grant Deed
related
—
—
—
Market Center Lodging
—
Deed Of Trust
related
$13,000,000 · Southwest Securities 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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