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Property profile & analytics
FOR LEASE
Apartment buildings
2501 North Harwood St Dallas, TX 75201
Entity Owned
~
Est. High Equity
Property ID
US82-0675942
For Lease
1 / 2
$40 SF/Yr
2501 North Harwood St, Dallas, TX 75201
View Listing →
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1915
Construction
TILT-UP CONCRETE
Total area
11,617 SF
Lot
0.66 ac (28,963 SF)
Zoning code
Z239
APN
132076000000
UPID
US82-0675942
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
-
Mercat Bistro Restaurant
-
Estate Food Processing Plant
-
Snell & Wilmer Law Firm
-
ATM (Amegy Bank) Atm
-
Satori Capital Corporate Office Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$595k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.03M
Blend (final)
Blend
$815k
Owner & transaction history
Horizon Propco I LP
Horizon Propco I LP
since 2025
7 recorded transactions
Zoning & alternative use
Z239 · Dallas, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.4M
+86.5%
Neighborhood: shopping center
$985,000
+35.9%
Medical building
$790,000
+8.5%
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
$595,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$725,000
Current use
AUTO REPAIR, GARAGE
$1,355,000
Change: +86% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$985,000
Change: +36% · Conversion: Difficult
MEDICAL BUILDING
$790,000
Change: +8% · Conversion: Moderate
OFFICE BUILDING
$765,000
Change: +5% · Conversion: Moderate
Blend value · Realmo final
$815k
Range $734k – $897k · ±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
$70 / 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
$33,848
Tax year 2023
Assessed value
$1,475,000
Assessed 2023
Previous assessed
$1,475,000
+0.0% YoY
Effective rate
2.29%
On assessed value
Assessed land
$579,260
Assessed improvement
$895,740
Land market value
$579,260
Improvement market value
$895,740
Total market value
$1,475,000
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
1915
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Buildings
3
Stories
1
Units
13
Total area
11,617 SF
Lot
0.66 ac (28,963 SF)
Zoning code
Z239
APN
132076000000
UPID
US82-0675942
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
$725,000
AUTO REPAIR, GARAGE
Est. value
$1.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$985,000
MEDICAL BUILDING
Est. value
$790,000
OFFICE BUILDING
Est. value
$765,000
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
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
1915
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
3
Units
13
Lot
0.66 ac
Current owner
From public records · entity-resolved
Horizon Propco I LP
Entity
Mailing address
5151 BELT LINE RD STE #555, DALLAS, TX 75254-8000
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 11, 2025
—
Horizon Propco I LP
Hic Ix Limited Owner LLC
Special Warranty Deed
$105,000,000 · New York Life Insurance Company
Jan 7, 2025
—
Hic Ix Limited Owner LLC
—
Deed
related
$105,000,000 · New York Life Insurance Company
Sep 28, 2022
—
Manawyddan Acquisition LLC
—
Deed
related
$725,000 · Comerica Bank
Dec 13, 2021
—
Hic Ix Limited Owner LLC
—
Deed
related
$138,000,000 · Kref Capital LLC
Oct 4, 2018
—
International Ctr Dev Ix Ltd
—
Deed
related
$123,000 · Morgan Hills Group LLC
Jun 17, 2016
—
International Center Dev Ix Lt
—
Deed
related
$52,620,000 · Jp Morgan Chase Bk
Jun 5, 2013
—
Harwood Lofts LLC
Cronk,maudie E
Grant Deed
related
—
—
—
Harwood Lofts LLC
—
Deed Of Trust
related
$600,000 · Bth Bank
—
—
Harwood Lofts LLC
—
Deed Of Trust
related
$625,000 · Interbank
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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