Back to Search
Property profile & analytics
FOR LEASE
Apartment buildings
2345 N Houston St Dallas, TX 75219
Entity Owned
6-yr Hold
Property ID
US82-4065244
For Lease
1 / 2
$16,150,000
2345 N Houston St, Dallas, TX 75219
View Listing →
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2005
Construction
FRAME
Total area
150,221 SF
Lot
0.89 ac (38,612 SF)
Zoning code
Z239
APN
00C05490000F00001
UPID
US82-4065244
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
-
The Vista Apartment Complex
-
just plain creative productions Film Production Television Studio
-
Cuckoo's Nest Studios Home Decor Store Department Store
-
The Marble Finance Car Dealership
-
JuMP Biz Solutions (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$12.76M
Blend (final)
Blend
$16.15M
Owner & transaction history
Vista Residences LP · 6 yrs held
Vista Residences LP
since 2019
7 recorded transactions
Zoning & alternative use
Z239 · Dallas, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$22.5M
+66.4%
Restaurant
$22.0M
+62.5%
Retail stores
$18.4M
+36.4%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$13,525,000
Current use
COMMERCIAL (GENERAL)
$22,500,000
Change: +66% · Conversion: Moderate
RESTAURANT
$21,975,000
Change: +63% · Conversion: Difficult
RETAIL STORES
$18,445,000
Change: +36% · Conversion: Difficult
AUTO REPAIR, GARAGE
$17,520,000
Change: +30% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$11,775,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$16.15M
Range $14.54M – $17.77M · ±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
$108 / 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
$665,486
Tax year 2023
Assessed value
$29,000,000
Assessed 2023
Previous assessed
$29,000,000
+0.0% YoY
Effective rate
2.29%
On assessed value
Assessed land
$2,509,010
Assessed improvement
$26,490,990
Land market value
$2,509,010
Improvement market value
$26,490,990
Total market value
$29,000,000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
For Lease
Year built
2005
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
6
Units
129
Total area
150,221 SF
Lot
0.89 ac (38,612 SF)
Zoning code
Z239
APN
00C05490000F00001
UPID
US82-4065244
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.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$13.5M
COMMERCIAL (GENERAL)
Est. value
$22.5M
RESTAURANT
Est. value
$22.0M
RETAIL STORES
Est. value
$18.4M
AUTO REPAIR, GARAGE
Est. value
$17.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$11.8M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
2005
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
6
Buildings
2
Units
129
Lot
0.89 ac
Current owner
From public records · entity-resolved
Vista Residences LP
Entity
Mailing address
1185 W GEORGIA ST STE VANCOUVER 6TH XX
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 31, 2025
—
Ap Victory Park LP
—
Deed
related
$115,000,000 · Bank Of America NA
Dec 20, 2019
—
Vista Residences LP
Vista Dallas Apartment Co LLC
Quit Claim Deed
related
$24,000,000 · Egt Partners Corp
Aug 1, 2012
—
Vista Dallas Apartment Co LLC
Blocks F & H LP
Grant Deed
related
—
Jul 6, 2009
—
Blocks F
—
Deed Of Trust
related
$4,800,000 · Wells Fargo Bank
Jul 2, 2009
—
Blocks F & H Ltd Ptshp
Owner Name Unavailable
Grant Deed
related
—
Nov 20, 2006
—
Blocks F
—
Deed Of Trust
related
$14,885,000 · Wells Fargo Bank
—
—
Vista Residences LP
—
Deed Of Trust
related
$15,256,000 · Cbre Cap Markets
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
