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Property profile & analytics
OFF-MARKET
Estimated value
$575,000
Showrooms
2403 Farrington St Dallas, TX 75207-6000
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US82-0268527
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1957
Construction
TILT-UP CONCRETE
Total area
11,448 SF
Lot
0.5 ac (21,750 SF)
Zoning code
Z116
APN
776029000000
UPID
US82-0268527
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 Slate Coworking & Hybrid Office
-
Dallasites101 Media Distribution
-
Joynn Digital (Bike/Boat/Book/etc) Store Corporate Office
-
BridgMar Construction General Contractor
-
Stan Wolenski Photography Photography Service (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$470k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$682k
Blend (final)
Blend
$575k
Owner & transaction history
The Adaline At Bv LLC · 1 yrs held
The Adaline At Bv LLC
since 2024
3 recorded transactions
Zoning & alternative use
Z116 · Dallas, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$830,000
+13.7%
Neighborhood: shopping center
$810,000
+10.8%
Medical building
$775,000
+6.3%
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
$470,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$730,000
Current use
INDUSTRIAL (GENERAL)
$830,000
Change: +14% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$810,000
Change: +11% · Conversion: Difficult
MEDICAL BUILDING
$775,000
Change: +6% · Conversion: Easy
OFFICE BUILDING
$760,000
Change: +4% · Conversion: Easy
Blend value · Realmo final
$575k
Range $518k – $633k · ±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
$50 / 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
$30,744
Tax year 2024
Assessed value
$1,339,730
Assessed 2024
Previous assessed
$1,339,730
+0.0% YoY
Effective rate
2.29%
On assessed value
Assessed land
$326,250
Assessed improvement
$1,013,480
Land market value
$326,250
Improvement market value
$1,013,480
Total market value
$1,339,730
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1957
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
11,448 SF
Lot
0.5 ac (21,750 SF)
Zoning code
Z116
APN
776029000000
UPID
US82-0268527
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z116 · Dallas, TX
Zoning Z116 · permitted uses
Z116 · 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
COMMERCIAL (GENERAL) Current
Est. value
$730,000
INDUSTRIAL (GENERAL)
Est. value
$830,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$810,000
MEDICAL BUILDING
Est. value
$775,000
OFFICE BUILDING
Est. value
$760,000
COMMERCIAL (GENERAL) Current
INDUSTRIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
OFFICE 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
1957
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.5 ac
Current owner
From public records · entity-resolved
The Adaline At Bv LLC
Entity
Mailing address
2403 FARRINGTON ST, DALLAS, TX 75207-6000
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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
Sep 16, 2024
—
The Adaline At Bv LLC
The Adaline At Bonnie View LLC
Intrafamily Transfer
related
$2,460,000 · Capital Impact Partners
Nov 5, 2018
—
2403 Farrington LLC
Silverton Moon R/e Ptrs LP
Grant Deed
$2,000,000 · Hunters Glen 1978llc
Apr 19, 2004
—
Silverton Moon R/e Ptrs
Grossman,robert L
Warranty Deed
$380,500 · Robert L Grossman
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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