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Property profile & analytics
OFF-MARKET
Estimated value
$2,145,000
Outlet malls
2550 Red Bird Ln Dallas, TX 75237-2312
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-4791926
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1973
Construction
TILT-UP CONCRETE
Total area
103,544 SF
Lot
17.08 ac (744,005 SF)
Zoning code
Z248
APN
498841100000
UPID
US82-4791926
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
-
CA Nails Dallas Nail Salon
-
Metropcs Mobile Phone Store Electronics & Wireless Store
-
Js Financial Tax Bank Credit Union
-
Fitness Connection Gym & Fitness Center
-
Brown's Barber Shop Barber Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.15M
Owner & transaction history
Tchf V LP · 8 yrs held
Tchf V LP
since 2017
4 recorded transactions
Zoning & alternative use
Z248 · 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
$21 / 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
$158,455
Tax year 2023
Assessed value
$6,905,000
Assessed 2023
Previous assessed
$6,905,000
+0.0% YoY
Effective rate
2.29%
On assessed value
Assessed land
$1,860,000
Assessed improvement
$5,045,000
Land market value
$1,860,000
Improvement market value
$5,045,000
Total market value
$6,905,000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1973
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Buildings
4
Stories
1
Total area
103,544 SF
Lot
17.08 ac (744,005 SF)
Zoning code
Z248
APN
498841100000
UPID
US82-4791926
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z248 · Dallas, TX
Zoning Z248 · permitted uses
Z248 · 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
1973
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
4
Lot
17.08 ac
Current owner
From public records · entity-resolved
Tchf V LP
Entity
Mailing address
1309 S SHEPHERD DR, HOUSTON, TX 77019-3613
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 12, 2018
—
Tchf V LP
—
Grant Deed
related
$5,500,000 · Revere Credit Opportunities Fu
Dec 12, 2017
—
Tchf V LP
Leverage Square 67 LP
Grant Deed
$1,900,000 · Private Individual
Jul 24, 2015
—
Leverage Square 67 LP
Lbubs 2002-c2 Red Bird LLC
Grant Deed
$2,572,500 · Bancorpsouth
Oct 1, 2013
$3,399,555
Lbubs 2002-c2 Red Bird LLC
Patterson Mark L
Trustees 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.
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