Back to Search
Property profile & analytics
OFF-MARKET
Showrooms
2532 Converse St Dallas, TX 75207-5904
Entity Owned
~
Est. High Equity
Property ID
US82-1954201
Property summary
AI-generated overview
This exceptional 3,674 square foot retail property, located at 2532 Converse St in Dallas, Texas, 75207, presents a unique investment opportunity. Situated on a generous 9,505 square foot lot, this duplex building boasts a 16-foot clear height, significantly above average for the area. Built in 1965, the building underwent a complete renovation in 2020, including a new roof, electrical system, HVAC, lighting, storefront, kitchenette, and restrooms. The property features two dock-high loading areas, one of which is recessed, and abundant natural light throughout. The 100% HVAC system ensures year-round comfort. Enjoy stunning views of the Trinity Green Belt and Trinity Strand Trail. Ideal for a variety of uses, including creative office space, photography studios, live/work spaces, or gallery showrooms. This property is the nicest building in the Design District and offers a rare combination of size, location, and modern amenities. Its prime location and recent renovation make it a highly desirable asset.
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1965
Construction
TILT-UP CONCRETE
Total area
7,987 SF
Lot
0.22 ac (9,505 SF)
Zoning code
Z116
APN
776182000000
UPID
US82-1954201
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
-
neighborhood store + lone gallery Furniture & Home Goods Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Andace Estates LLC
Andace Estates LLC
since 2025
6 recorded transactions
Zoning & alternative use
Z116 · 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
—
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
$20,653
Tax year 2023
Assessed value
$900,000
Assessed 2023
Previous assessed
$900,000
+0.0% YoY
Effective rate
2.29%
On assessed value
Assessed land
$142,580
Assessed improvement
$757,420
Land market value
$142,580
Improvement market value
$757,420
Total market value
$900,000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1965
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
7,987 SF
Lot
0.22 ac (9,505 SF)
Zoning code
Z116
APN
776182000000
UPID
US82-1954201
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z116 · Dallas, TX
Zoning Z116 · permitted uses
Z116 · 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
1965
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.22 ac
Current owner
From public records · entity-resolved
Andace Estates LLC
Entity
Mailing address
2532 CONVERSE ST, DALLAS, TX 75207-5904
Mailing matches property
Yes
Owner-occupied
Yes
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 1, 2025
—
Andace Estates LLC
Art Love Design Studio LLC
Deed
$1,062,891 · First Citizens Bank & Trust Co
Jul 21, 2022
—
Art Love Design Studio LLC
Hossley Ranch Management LP
Venders Lien
$1,320,000 · American State Bank
Jan 10, 2020
—
Hossley Ranch Management LP
Hj3 Ventures LLC
Grant Deed
$958,200 · Southside Bk
Jun 27, 2019
—
Hj3 Ventures LLC
Wagner Die Supply INC
Grant Deed
$830,000 · Bank/the Panhandle
Sep 17, 2016
—
Wagner Die Supply INC
Knutson Investment Co LLC
Warranty Deed
related
—
Jun 18, 1998
—
Knutson Investment Co LLC
Knutson Investment Co
Quit Claim Deed
related
—
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2532 Converse St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
