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Property profile & analytics
OFF-MARKET
Estimated value
$20,990,000
Apartment buildings
2500 Houston St Dallas, TX 75219-7655
Entity Owned
9-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-3841898
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2005
Construction
FRAME
Total area
565,787 SF
Lot
1.13 ac (49,049 SF)
Zoning code
Z239
APN
00C05510000000A00
UPID
US82-3841898
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
-
Spark Intel Group IT Consulting Firm Data Center
-
Nuuvo Mobile IV Therapy Gym & Fitness Center Alternative Medicine Practice
-
Feadl.io Advertising Agency Marketing & Advertising
-
Muks Entertainment Theater & Performing Art Venue Music Venue
-
Dallas Texas Tour Attractions Travel Agency Tour Operator
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$20.99M
Owner & transaction history
I & G Direct Real Estate 44 LP · 9 yrs held
I & G Direct Real Estate 44 LP
since 2016
4 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
$37 / 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
$2,157,094
Tax year 2023
Assessed value
$94,000,000
Assessed 2023
Previous assessed
$94,000,000
+0.0% YoY
Effective rate
2.29%
On assessed value
Assessed land
$7,080,710
Assessed improvement
$86,919,290
Land market value
$7,080,710
Improvement market value
$86,919,290
Total market value
$94,000,000
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
Off-Market
Year built
2005
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
27
Units
252
Total area
565,787 SF
Lot
1.13 ac (49,049 SF)
Zoning code
Z239
APN
00C05510000000A00
UPID
US82-3841898
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
2005
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
27
Buildings
2
Units
252
Lot
1.13 ac
Current owner
From public records · entity-resolved
I & G Direct Real Estate 44 LP
Entity
Free & Clear · 9 yrs held
Mailing address
5847 SAN FELIPE ST STE #150, HOUSTON, TX 77057-3288
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 20, 2016
—
I & G Direct Real Estate 44 LP
Icon Tower LP
Grant Deed
related
—
Dec 22, 2010
—
Icon Tower LP
—
Deed Of Trust
related
$442,500,000 · Wells Fargo Bank
Sep 7, 2005
—
Icon Tower
Anland North
Deed Of Trust
related
$48,244,000 · Wachovia Bank NA
—
—
Icon Tower LP
—
Deed Of Trust
related
$24,122,000 · Wells Fargo 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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