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Property profile & analytics
FOR SALE
Strip malls
2325 N Fitzhugh Ave Dallas, TX 75204
Entity Owned
Free & Clear
Property ID
US83-2700766
For Sale
1 / 3
$7,365,000
2325 N Fitzhugh Ave, Dallas, TX 75204
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1985
Construction
TILT-UP CONCRETE
Total area
9,000 SF
Lot
0.44 ac (18,949 SF)
Zoning code
Z59
APN
0020070B0001A0000
UPID
US83-2700766
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
-
Knox Village Dentistry & Orthodontics Dental Office
-
ZAAP Kitchen Lao & Thai Street Eats - FITZHUGH Restaurant
-
K & K Insurance Group Inc Insurance Agency
-
Dr. Derrick Askins Dental Office
-
Glo Nail Lounge & Spa Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$310k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$713k
Blend (final)
Blend
$510k
Owner & transaction history
P & R Real Estate 2325 Fitzhugh LLC
P & R Real Estate 2325 Fitzhugh LLC
since 2026
7 recorded transactions
Zoning & alternative use
Z59 · Dallas, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$715,000
+35.6%
Warehouse, storage
$605,000
+14.2%
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
$310,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$530,000
Current use
OFFICE BUILDING
$715,000
Change: +36% · Conversion: Moderate
WAREHOUSE, STORAGE
$605,000
Change: +14% · Conversion: Difficult
MEDICAL BUILDING
$445,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$510k
Range $459k – $561k · ±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
$57 / 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
$65,401
Tax year 2023
Assessed value
$2,850,000
Assessed 2023
Previous assessed
$2,850,000
+0.0% YoY
Effective rate
2.29%
On assessed value
Assessed land
$1,042,200
Assessed improvement
$1,807,800
Land market value
$1,042,200
Improvement market value
$1,807,800
Total market value
$2,850,000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Sale
Year built
1985
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
1
Total area
9,000 SF
Lot
0.44 ac (18,949 SF)
Zoning code
Z59
APN
0020070B0001A0000
UPID
US83-2700766
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z59 · Dallas, TX
Zoning Z59 · permitted uses
Z59 · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$530,000
OFFICE BUILDING
Est. value
$715,000
WAREHOUSE, STORAGE
Est. value
$605,000
MEDICAL BUILDING
Est. value
$445,000
NEIGHBORHOOD: SHOPPING CENTER Current
OFFICE BUILDING
WAREHOUSE, STORAGE
MEDICAL 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
1985
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
1
Lot
0.44 ac
Current owner
From public records · entity-resolved
P & R Real Estate 2325 Fitzhugh LLC
Entity
Free & Clear · 0 yrs held
Mailing address
1150 E ELDORADO PKWY STE #100, LITTLE ELM, TX 75068-5502
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 7, 2026
—
P & R Real Estate 2325 Fitzhugh LLC
P & R Real Estate LLC
Warranty Deed
related
—
Dec 23, 2019
—
P & R Real Estate LLC
Jb3 Group LLC
Warranty Deed
$2,284,000 · Simmons Bk
Feb 19, 2019
—
Jb3 Group LLC
Fitzhugh Properties LLC
Grant Deed
$1,751,000 · Branch Bk&tr
Apr 4, 2018
—
Jb3 Group LLC
Fitzhugh Properties LLC
Dual Purpose Document
related
$2,310,000 · Fitzhugh Properties LLC
Dec 16, 2009
—
World Bk 1
Dallas Convenience Stores INC
Grant Deed
related
—
Mar 9, 2009
—
Fitzhugh Properties LLC
Cydo Corp
Warranty Deed
$1,055,250 · One World Bank
Feb 15, 2005
—
Cydo Corp
Yu,davis
Warranty Deed
$931,200 · Bank Of America
Oct 19, 2001
—
Davis Yu
Yi,young & Jong S
Grant Deed
$570,000 · Texas First National Bank
—
—
Fitzhugh Properties LLC
—
Loan Modification
related
$913,458 · One World Bk
—
—
Fitzhugh Properties LLC
—
Loan Modification
related
$1,055,250 · One World Bk
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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