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    Property profile & analytics

    2015 Market Ctr Blvd Dallas, TX 75207-3318

    • Hotels
    • 93,632 SF
    • 3.71 lot acres
    OFF-MARKET
    Value Estimations
    $4,135,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-0268814
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by 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

    Property Details for 2015 Market Ctr Blvd

    Year built
    1969
    Construction
    FRAME
    Lot size
    3.71 lot acres
    Property size
    93,632 SF
    Zone code
    Z151
    Property type
    Hotels
    APN
    775675000000
    APU
    775675000000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,005,000
      6.5%
      $4,620,000
      7%
      $4,290,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $3,648,000
      Market price range: $800k - $3.65M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $6,795,000
      NEIGHBORHOOD: SHOPPING CENTER
      $6,620,000
      MEDICAL BUILDING
      $6,350,000
      OFFICE BUILDING
      $6,215,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.826
    Latitude
    32.7974
    CBSA code
    19100
    CBSA name
    DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $458,956
    $5,660,830
    $14,339,170
    $20,000,000
    -
    $5,660,830
    $14,339,170
    $20,000,000

    Comparable in this City

    • Value Estimation
      $20,330,000
      845,801 SF

      2201 Stemmons Fwy

      HOTEL • 845,801 SF
      2201 Stemmons Fwy, Dallas, TX 75207-2801
      View Details
    • Value Estimation
      $16,415,000
      657,212 SF

      300 Reunion E Blvd

      HOTEL • 657,212 SF
      300 Reunion E Blvd, Dallas, TX 75207-4409
      View Details
    • Value Estimation
      $5,080,000
      195,443 SF

      2493 Stemmons Fwy

      HOTEL • 195,443 SF
      2493 Stemmons Fwy, Dallas, TX 75207-2601
      View Details
    • Value Estimation
      $2,460,000
      86,751 SF

      1949 Stemmons Fwy

      HOTEL • 86,751 SF
      1949 Stemmons Fwy, Dallas, TX 75207-3102
      View Details
    • Value Estimation
      $2,855,000
      99,082 SF

      2150 Market Ctr Blvd

      HOTEL • 99,082 SF
      2150 Market Ctr Blvd, Dallas, TX 75207-3321
      View Details
    • Value Estimation
      $19,240,000
      723,546 SF

      2201 Stemmons Fwy

      HOTEL • 723,546 SF
      2201 Stemmons Fwy, Dallas, TX 75207-2801
      View Details

    Similar Nearby for Sale

    • $3,195,000
      8,046 SF

      Riverfront Mixed-Use Opportunity

      8,046 SF, Renovated, Prime Location
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      View Details
    • Contact for pricing
      39,247 SF

      Showroom Gallery with New Units

      Showroom gallery with easy I-35 access, new units.
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      76,000 SF

      Dallas Design District Warehouse

      76,000 SF Warehouse, prime location
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    • $1,600,000
      0.09 Acres

      Live-Work Industrial Condo-Office in Dallas

      Rare live-work condo-office with skyline views and chef’s kitchen.
      2323 Farrington St, Dallas, TX 75207
      View Details
    • Contact for pricing
      6,222 SF

      Secured Parking Lot For Sale

      6,222 SF parking lot with 12 secured parking spots.
      2001 Irving Blvd, Dallas, TX 75207
      View Details
    • Contact for pricing
      14,294 SF

      Dallas Design District Flex Space

      Versatile space in Dallas Design District with modern upgrades.
      1833-1839 Levee St, Dallas, TX 75207
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,813 SF

      Industrial Warehouse Space Available

      2813 square feet warehouse space for lease.
      2204 Irving Blvd, Dallas, TX 75207
      View Details
    • Contact for pricing
      7,700 SF

      Showroom/Office/Warehouse with AC

      7,700 SF showroom/office/warehouse featuring full AC and modern amenities.
      2007-2009 Farrington St, Dallas, TX 75207
      View Details
    • Contact for pricing
      4,394 SF

      Retail Space in Dallas, TX

      Retail space available for lease in Dallas, Texas.
      1202 Dragon St, Dallas, TX 75207
      View Details
    • Contact for pricing
      6,550 SF

      Renovated Flex Space Available

      6,550 SF renovated flex space with convenient highway access.
      4732 Algiers St, Dallas, TX 75207
      View Details
    • Contact for pricing
      26,138 SF

      Dallas Design District Retail Pad

      Prime Retail Space, High Visibility, 26,138 SF
      707 Riverfront Blvd, Dallas, TX 75207
      View Details
    • Contact for pricing
      18,300 SF

      Algiers St Flex Space For Lease

      Dallas County flex space; 2 suites available.
      4748 Algiers St, Dallas, TX 75207
      View Details

    Property Visit Statistics

    • Visits by month
      11.0k
    • Visitors by month
      5.5k
    • Avg Time on site
      391 min
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    Dallas, TX 75207-3318
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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