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Property profile & analytics
OFF-MARKET
Estimated value
$5,785,000
Office buildings
2323 Cedar Spgs Rd Dallas, TX 75201-1856
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US83-4119167
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2023
Construction
FRAME
Total area
650,230 SF
Lot
2.56 ac (111,644 SF)
Zoning code
Z239
APN
000933000201D0000
UPID
US83-4119167
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.79M
Owner & transaction history
23 Springs LP · 4 yrs held
23 Springs LP
since 2022
3 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$9 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$1,676,496
Tax year 2024
Assessed value
$73,056,920
Assessed 2024
Previous assessed
$73,056,920
+0.0% YoY
Effective rate
2.29%
On assessed value
Assessed land
$16,746,600
Assessed improvement
$56,310,320
Land market value
$16,746,600
Improvement market value
$56,310,320
Total market value
$73,056,920
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
2023
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
27
Total area
650,230 SF
Lot
2.56 ac (111,644 SF)
Zoning code
Z239
APN
000933000201D0000
UPID
US83-4119167
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
2023
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
27
Buildings
2
Lot
2.56 ac
Current owner
From public records · entity-resolved
23 Springs LP
Entity
Mailing address
23 SPGS 5601ST GRANITE PKWY STE #1200, PLANO, TX 75024
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2022
—
23 Springs LP
Gpi Cedar Maple LP
Special Warranty Deed
$265,000,000 · Bank Of The Ozarks
Mar 8, 2012
—
Gpi Cedar Maple LP
Cedar Maple LP
Quit Claim Deed
related
—
Aug 16, 2006
—
Carr Np Tx Properties
Carramerica Realty
Quit Claim Deed
related
—
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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