Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2505 Thomas Ave Dallas, TX 75201
    Back to Search
    Property profile & analytics

    2505 Thomas Ave, Dallas, TX 75201

    View on Map
    • Hotels
    • 5,635 SF
    • 0.17 lot acres
    Off-Market
    Property ID
    US82-0166375
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hotels

    Property Details for 2505 Thomas Ave

    Year built
    2012
    Construction
    FRAME
    Lot size
    0.17 lot acres
    Zone code
    Z239
    Property type
    Hotels
    APN
    113134000000
    APU
    113134000000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 30, 2012 — 5701 Main Street LLC J3 Dev LLC Grant Deed $2.3M · Bancfirst
    Jul 20, 2006 — Gj Dev LLC Marjjjs INC Grant Deed · related —
    Jan 31, 2001 — Marjjjs INC Humphries,john F Grant Deed $240k · Bank One Texas NA

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.8004
    Latitude
    32.7942
    CBSA code
    19100
    CBSA name
    DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $29,832
    $750,000
    $550,000
    $1,300,000
    -
    $750,000
    $550,000
    $1,300,000

    Comparable in this City

    • Value Estimation
      $865,000
      145,737 SF

      2575 Mckinnon St

      HOTEL
      2575 Mckinnon St, Dallas, TX 75201-1511
      View Details
    • Value Estimation
      $660,000
      85,000 SF

      1530 Main St

      HOTEL
      1530 Main St, Dallas, TX 75201-4804
      View Details
    • Value Estimation
      $635,000
      220,000 SF

      1712 Commerce St

      HOTEL
      1712 Commerce St, Dallas, TX 75201-5300
      View Details
    • Value Estimation
      $605,000
      85,898 SF

      2914 Harry Hines Blvd

      HOTEL
      2914 Harry Hines Blvd, Dallas, TX 75201-1007
      View Details
    • Value Estimation
      $835,000
      206,184 SF

      500 Ervay St

      HOTEL
      500 Ervay St, Dallas, TX 75201-6316
      View Details
    • Value Estimation
      $845,000
      579,037 SF

      1717 Akard St

      HOTEL
      1717 Akard St, Dallas, TX 75201-2301
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Prime Development Land Near Downtown

      Ideal development opportunity near Farmers Market and East Quarter.
      400 South Cesar Chavez Blvd, Dallas, TX 75201
      View Details
    • Contact for pricing
      1,534 SF

      Fairmount Street Retail/Office Opportunity

      Retail or office building with prime location and development potential.
      3104 Fairmount St, Dallas, TX 75201
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      2526 Fairmount St, Dallas, TX 75201
      View Details
    • $1,900,000
      2,910 SF

      Victorian Live-Work Home with Guest House

      Historic Victorian offers residential comfort plus office-ready space, including a wine room and an attached guest house.
      2315 Routh St, Dallas, TX 75201
      View Details
    • Contact for pricing
      7,593 SF

      Uptown Dallas Land Package

      Land package in Uptown Dallas suitable for vertical development.
      2523 Mckinney Ave, Dallas, TX 75201
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      2737 N Harwood St, Dallas, TX 75201
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      500,000 SF

      Premium Retail Space in Arts District

      High-profile retail space in the heart of the Arts District.
      2323 Ross Ave, Dallas, TX 75201
      View Details
    • Contact for pricing
      23,761 SF

      Multiple Office Suites Available

      Various office suites available for lease in Dallas, Texas.
      1700 Pacific Ave, Dallas, TX 75201
      View Details
    • Contact for pricing

      Downtown Dallas Retail/Restaurant Space

      Retail and restaurant opportunities in the heart of Downtown Dallas.
      400 S Street Paul St, Dallas, TX 75201
      View Details
    • Contact for pricing
      1,930 SF

      Modern Office Space in Dallas

      20-story office tower in Dallas's cultural and economic epicenter.
      2121 North Pearl St, Dallas, TX 75201
      View Details
    • Contact for pricing

      Flexible Workspace Solutions

      Global network of workspaces with flexible options.
      100 Crescent Ct, Dallas, TX 75201
      View Details
    • Contact for pricing
      16,858 SF

      Renovated Office Space Available

      Renovated office space available for rent in Dallas.
      2200 Main St, Dallas, TX 75201
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2505 Thomas Ave
    Dallas, TX 75201
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2505 Thomas Ave, Dallas, TX, 75201
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!