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Property profile & analytics
FOR LEASE
Office buildings
2525 Mckinnon St Dallas, TX 75201
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US82-2355185
For Lease
1 / 2
$44 SF/Yr
2525 Mckinnon St, Dallas, TX 75201
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2002
Construction
FRAME
Total area
119,042 SF
Lot
0.86 ac (37,413 SF)
Zoning code
Z239
APN
000361000201A0000
UPID
US82-2355185
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.77M
Owner & transaction history
Cio 2525 Mckinnon LP · 9 yrs held
Cio 2525 Mckinnon LP
since 2017
7 recorded transactions
Zoning & alternative use
Z239 · Dallas, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$4.7M
+32.3%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,575,000
Current use
WAREHOUSE, STORAGE
$4,730,000
Change: +32% · Conversion: Difficult
Blend value · Realmo final
$3.77M
Range $3.39M – $4.15M · ±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
$32 / 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
$1,011,081
Tax year 2023
Assessed value
$44,060,000
Assessed 2023
Previous assessed
$44,060,000
+0.0% YoY
Effective rate
2.29%
On assessed value
Assessed land
$5,611,950
Assessed improvement
$38,448,050
Land market value
$5,611,950
Improvement market value
$38,448,050
Total market value
$44,060,000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
2002
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
8
Total area
119,042 SF
Lot
0.86 ac (37,413 SF)
Zoning code
Z239
APN
000361000201A0000
UPID
US82-2355185
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
OFFICE BUILDING Current
Est. value
$3.6M
WAREHOUSE, STORAGE
Est. value
$4.7M
OFFICE BUILDING Current
WAREHOUSE, STORAGE
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
2002
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
8
Buildings
2
Lot
0.86 ac
Current owner
From public records · entity-resolved
Cio 2525 Mckinnon LP
Entity
Mailing address
1075 W GEORGIA ST STE VANCOUVER 6TH XX
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 12, 2026
—
Cio 2525 Mckinnon Limited Partnersh
—
Deed
related
$90,000,000 · Athene Annuity And Life Company
Mar 10, 2017
—
Cio 2525 Mckinnon LP
—
Deed
related
$27,000,000 · Metlife Hcmjv 1 Reit LLC
Jan 12, 2017
—
Cio 2525 Mckinnon LP
Talon 2525 Mckinnon LLC
Grant Deed
related
—
Jun 10, 2016
—
Talon 2525 Mckinnon LLC
—
Deed
related
$21,000,000 · Nexbank Ssb
Jan 8, 2013
—
Talon 2525 Mckinnon LLC
Offices At 2525 Mckinnon LLC
Grant Deed
$14,350,000 · Keybank USA
Jun 14, 2007
—
2525 Mckinnon LLC
2525 Mckinnon
Quit Claim Deed
related
$16,091,000 · Massachusetts Mutual Life Ins
—
—
Talon 2525 Mckinnon LLC
—
Deed Of Trust
related
$14,350,000 · Life Insurance Of Southwest
—
—
Talon 2525 Mckinnon LLC
—
Deed Of Trust
related
$21,000,000 · Nexbank Ssb
—
—
Offices At 2525 Mckinnon LLC
—
Deed Of Trust
related
$16,091,000 · Massachusetts Mutual Life Ins
—
—
Cio 2525 Mckinnon LP
—
Deed Of Trust
related
$27,000,000 · Metlife Hcmjv 1 Reit LLC
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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