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Property profile & analytics
OFF-MARKET
Estimated value
$855,000
Retail space
2722 Fitzhugh Ave, Dallas, TX 75204-3202
Entity Owned
26-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-9952452
Property summary
AI-generated overview
This exceptional Class A, 13,790 square foot shopping center in Dallas, Texas, presents a compelling investment opportunity. Boasting a 6.25% cap rate and a strong NOI of $519,431, this multi-tenant property is fully occupied by a diverse mix of high-performing businesses including LDU, Larc Salon, f45, Joe Leo, and Yoga Six. Built in 2017, the property features 137 parking spaces and sits on a 0.693-acre lot at 2722 N Fitzhugh Ave, Dallas, TX 75204, a prime location in the heart of Dallas, benefiting from high traffic counts exceeding 245,000 vehicles daily. The property is strategically positioned near thriving retail districts, including Knox District and Henderson Avenue, and is surrounded by a dense population with high average household incomes exceeding $140,000 within a one-mile radius. The property's lease type is NNN, and it includes rent bumps. This core investment offers a compelling combination of strong financial performance, exceptional location, and a diverse tenant base, making it an ideal addition to any portfolio. The property's 5-year CAGR is 2.24, and its WALT is 6.19, indicating a stable and accretive investment. This is a for-sale-by-owner opportunity.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2017
Construction
FRAME
Total area
5,117 SF
Lot
0.49 ac (21,390 SF)
APN
001999000B01B0000
UPID
US82-9952452
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
-
Joe Leo Fine Tex-Mex Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$847k
Blend (final)
Blend
$855k
Owner & transaction history
DW B & F FLATS RETAIL LLC
DW B & F FLATS RETAIL LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$955,000
+61.5%
Restaurant
$845,000
+42.4%
Auto repair, garage
$595,000
+0.8%
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
RETAIL STORES
$590,000
Current use
COMMERCIAL (GENERAL)
$955,000
Change: +62% · Conversion: Easy
RESTAURANT
$845,000
Change: +42% · Conversion: Easy
AUTO REPAIR, GARAGE
$595,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$855k
Range $770k – $941k · ±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
$167 / 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
$40,159
Tax year 2023
Assessed value
$1,750,000
Assessed 2023
Previous assessed
$1,750,000
+0.0% YoY
Effective rate
2.29%
On assessed value
Assessed land
$1,069,500
Assessed improvement
$680,500
Land market value
$1,069,500
Improvement market value
$680,500
Total market value
$1,750,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2017
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Total area
5,117 SF
Lot
0.49 ac (21,390 SF)
APN
001999000B01B0000
UPID
US82-9952452
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
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
RETAIL STORES Current
Est. value
$590,000
COMMERCIAL (GENERAL)
Est. value
$955,000
RESTAURANT
Est. value
$845,000
AUTO REPAIR, GARAGE
Est. value
$595,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
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
2017
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
0.49 ac
Current owner
From public records · entity-resolved
DW B & F FLATS RETAIL LLC
Entity
Free & Clear · 0 yrs held
Mailing address
4403 N CENTRAL EXPY STE #300, DALLAS, TX 75205-4255
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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