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Property profile & analytics
OFF-MARKET
Estimated value
$1,425,000
Apartment buildings
2707 Shelby Ave Dallas, TX 75219-4112
Entity Owned
8-yr Hold
Absentee Owner
Property ID
US82-0300733
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1964
Construction
FRAME
Total area
23,040 SF
Lot
0.69 ac (30,000 SF)
Zoning code
Z239
APN
149398000000
UPID
US82-0300733
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
-
Shelby 2707 Apartment Building Apartment Complex
-
Le Chateau Clothing 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
$1.43M
Owner & transaction history
Shelby Pacific Management LLC · 8 yrs held
Shelby Pacific Management LLC
since 2017
7 recorded transactions
Zoning & alternative use
Z239 · 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
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
APARTMENT HOUSE (5+ UNITS)
$2,075,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,805,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$1.43M
Range $1.28M – $1.57M · ±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
$62 / 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
$113,844
Tax year 2023
Assessed value
$4,961,000
Assessed 2023
Previous assessed
$4,961,000
+0.0% YoY
Effective rate
2.29%
On assessed value
Assessed land
$2,400,000
Assessed improvement
$2,561,000
Land market value
$2,400,000
Improvement market value
$2,561,000
Total market value
$4,961,000
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
1964
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
41
Bathrooms
4
Total area
23,040 SF
Lot
0.69 ac (30,000 SF)
Zoning code
Z239
APN
149398000000
UPID
US82-0300733
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$2.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.8M
APARTMENT HOUSE (5+ UNITS) Current
NEIGHBORHOOD: SHOPPING CENTER
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
1964
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
41
Bathrooms
4
Lot
0.69 ac
Current owner
From public records · entity-resolved
Shelby Pacific Management LLC
Entity
Mailing address
101 W 23RD ST #210, NEW YORK, NY 10011-2490
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 8, 2017
—
Shelby Pacific Management LLC
Dsi-hga LLC
Grant Deed
$1,916,550 · Federal Nat'l Mtg Assn (fnma)
Jul 1, 2014
—
Dsi Hga LLC
Hyacinth Apartments LLC
Venders Lien
$1,976,000 · Dougherty Mortgage LLC
Jun 16, 2011
—
Hyacinth Apartments LLC
Hyacinth Gardens LLC
Venders Lien
$1,462,500 · Wells Fargo Bank NA
May 20, 2009
—
Hyacinth Gardens LLC
Hawkins Capital Fund LLC
Venders Lien
$1,140,000 · The American National Bank Of Texas
Feb 5, 2009
$1,400,000
Hawkins Capital Fund LLC
Allen Kevin J
Trustees Deed
related
—
Aug 23, 2007
—
The Hyacinth At Oaklawn LLC
Imperial Capital Bank
Venders Lien
$1,392,000 · Hawkins Capital Fund LLC
May 1, 2007
$965,876
Imperial Capital Bank
Cox,cecelia R
Trustees Deed
related
—
Oct 31, 2005
—
Sherman L Campbell
Campbell Sherman L Trust
Quit Claim Deed
related
—
Jun 30, 2005
—
Campbell,sherman L Trust
Cho,howard & Autumn
Grant Deed
$75,000 · Howard & Autumn Cho
—
—
Sherman Campbell
—
Deed Of Trust
related
$995,000 · Imperial Capital Bank
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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