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Property profile & analytics
OFF-MARKET
Estimated value
$58,005,000
Apartment buildings
2511 Wedglea Dr Dallas, TX 75211-2037
Entity Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US83-2816256
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1963
Construction
TILT-UP CONCRETE
Total area
273,142 SF
Lot
8.26 ac (359,849 SF)
Zoning code
Z166
APN
528757000000
UPID
US83-2816256
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
-
SSB Corporate Office
-
Tiffanie's Desserts And Cafe Cafe & Coffee Shop
-
Stephanie's Notary Services Law Firm
-
Skyline At Kessler Apartment Complex Apartment Building
-
Apartment lead Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$63.90M
Comparable Approach
Comparable
$52.12M
Blend (final)
Blend
$58.01M
Owner & transaction history
Tmif View LP · 10 yrs held
Tmif View LP
since 2016
6 recorded transactions
Zoning & alternative use
Z166 · Dallas, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$61.7M
+35.0%
Office building
$48.1M
+5.2%
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%
$69,225,000
6.5%
$63,900,000
7%
$59,335,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$45,705,000
Current use
COMMERCIAL (GENERAL)
$61,690,000
Change: +35% · Conversion: Moderate
OFFICE BUILDING
$48,100,000
Change: +5% · Conversion: Moderate
RESTAURANT
$41,660,000
Change: -9% · Conversion: Difficult
RETAIL STORES
$36,800,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$58.01M
Range $52.20M – $63.81M · ±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
$212 / 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
$814,647
Tax year 2023
Assessed value
$35,500,000
Assessed 2023
Previous assessed
$35,500,000
+0.0% YoY
Effective rate
2.29%
On assessed value
Assessed land
$4,318,190
Assessed improvement
$31,181,810
Land market value
$4,318,190
Improvement market value
$31,181,810
Total market value
$35,500,000
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
1963
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
11
Units
299
Bathrooms
15
Total area
273,142 SF
Lot
8.26 ac (359,849 SF)
Zoning code
Z166
APN
528757000000
UPID
US83-2816256
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z166 · Dallas, TXZoning Z166 · permitted uses
Z166 · Dallas, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$45.7M
COMMERCIAL (GENERAL)
Est. value
$61.7M
OFFICE BUILDING
Est. value
$48.1M
RESTAURANT
Est. value
$41.7M
RETAIL STORES
Est. value
$36.8M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
RESTAURANT
RETAIL STORES
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
1963
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
11
Buildings
2
Units
299
Bathrooms
15
Lot
8.26 ac
Current owner
From public records · entity-resolved
Tmif View LP
Entity
Free & Clear · 10 yrs held
Mailing address
700 N PEARL STN1650, DALLAS, TX 75201-2824
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 10, 2016
—
Tmif View LP
View Dfw 4 Two LLC
Quit Claim Deed
related
—
Sep 26, 2014
—
View Dfw 4 Two LLC
View Dfw 4 LLC
Quit Claim Deed
related
—
Nov 1, 2012
—
View Dfw 4 LLC
Big Bostonian I LLC
Grant Deed
related
—
Apr 11, 2008
—
Big Bostonian 1 LLC
Wedgwood Tower Properties
Grant Deed
$11,000,000 · Legg Mason Real Estate Capital
—
—
Westmount At Kessler Park LP
—
Loan Modification
related
$31,267,918 · Commercial Jpm LLC
—
—
Big Bostonian 1 LLC
—
Deed Of Trust
related
$11,000,000 · Legg Mason R/e Cdo I Ltd
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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