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Property profile & analytics
OFF-MARKET
Estimated value
$1,270,000
Office buildings
211 Ervay St Dallas, TX 75201-3613
Entity Owned
13-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-0217163
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1958
Construction
FRAME
Total area
186,925 SF
Lot
0.23 ac (10,000 SF)
Zoning code
Z239
APN
100849000000
UPID
US82-0217163
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
-
Dallas Artificial Grass Experts Landscaping General Contractor
-
Vertigo 12 - Hair Lounge and Collaborative Hair Salon Nail Salon
-
The Tax Divas Tax Preparation
-
Echelon Leadership General Contractor
-
WakeUp Everybody with Ced & Angie Radio Station Telecommunications Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$830k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.71M
Blend (final)
Blend
$1.27M
Owner & transaction history
Alterra 211 North Ervay LLC · 13 yrs held
Alterra 211 North Ervay LLC
since 2012
7 recorded transactions
Zoning & alternative use
Z239 · 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
$830,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.27M
Range $1.14M – $1.40M · ±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
$7 / 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
$269,637
Tax year 2023
Assessed value
$11,750,000
Assessed 2023
Previous assessed
$11,750,000
+0.0% YoY
Effective rate
2.29%
On assessed value
Assessed land
$950,000
Assessed improvement
$10,800,000
Land market value
$950,000
Improvement market value
$10,800,000
Total market value
$11,750,000
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
1958
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
17
Total area
186,925 SF
Lot
0.23 ac (10,000 SF)
Zoning code
Z239
APN
100849000000
UPID
US82-0217163
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.
Building & site characteristics
From public records
Year built
1958
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
17
Buildings
2
Lot
0.23 ac
Current owner
From public records · entity-resolved
Alterra 211 North Ervay LLC
Entity
Mailing address
211 N ERVAY ST #620, DALLAS, TX 75201-3613
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 13, 2025
—
Tc Spe 1 LLC
—
Deed
related
$10,000,000 · Cache Valley Bank
Dec 8, 2020
—
Alt 211 North Ervay Master Tenant L
—
Deed
related
$9,250,000 · Argentic Real Estate Finance LLC
Dec 14, 2012
—
Alterra 211 North Ervay LLC
Bj Texas Ervay LLC
Grant Deed
$750,000 · Bj Texas LLC
Dec 6, 2007
—
Bj Texas Ervay LLC
211 N Ervay
Grant Deed
related
—
May 19, 2006
—
Bj Texas Ervay LLC
211 N Ervay
Grant Deed
related
—
Oct 28, 2005
—
211 N Ervay
Tjd Corp
Grant Deed
$1,940,308 · Regions Bk
—
—
Bj Texas Ervay LLC
—
Deed Of Trust
related
$1,425,000 · Lawrence Bank
—
—
Alterra 211 North Ervay
—
Deed Of Trust
related
$18,000,000 · Readycap Com'l
—
—
Bj Texas Ervay LLC
—
Deed Of Trust
related
$650,000 · Emprise Bank
—
—
Bj Texas Ervay LLC
—
Deed Of Trust
related
$638,513 · Mission Oaks National Bank
—
—
Bj Texas Ervay LLC
—
Deed Of Trust
related
$1,250,000 · Mission Oaks National 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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