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Property profile & analytics
OFF-MARKET
Auto shops
2809 Royal Ln Dallas, TX 75229-3612
Entity Owned
12-yr Hold
Free & Clear
Property ID
US82-3214482
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1962
Construction
FRAME
Total area
3,431 SF
Lot
0.49 ac (21,532 SF)
Zoning code
Z116
APN
609025000000
UPID
US82-3214482
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
-
JD Tire and Auto Sales INC Car Dealership
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
Sila Properties LP · 12 yrs held
Sila Properties LP
since 2013
7 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 2024Property tax & assessments
Tax year 2024
Tax billed
$12,045
Tax year 2024
Assessed value
$524,900
Assessed 2024
Previous assessed
$524,900
+0.0% YoY
Effective rate
2.29%
On assessed value
Assessed land
$322,980
Assessed improvement
$201,920
Land market value
$322,980
Improvement market value
$201,920
Total market value
$524,900
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1962
Construction
FRAME
Heating
YES
Stories
1
Total area
3,431 SF
Lot
0.49 ac (21,532 SF)
Zoning code
Z116
APN
609025000000
UPID
US82-3214482
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
1962
Construction
FRAME
Heating
YES
Stories
1
Lot
0.49 ac
Current owner
From public records · entity-resolved
Sila Properties LP
Entity
Free & Clear · 12 yrs held
Mailing address
3015 S GARLAND AVE STE B, GARLAND, TX 75041-2688
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
19 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 15, 2013
—
Sila Properties LP
Jo,won H
Grant Deed
related
—
Nov 29, 2010
—
Won H Jo
Cho,do Y
Warranty Deed
—
Oct 8, 2010
—
Do Y Cho
Park,joon S
Grant Deed
—
Oct 14, 2008
—
Do Y Cho
Cho,jeong Y
Quit Claim Deed
—
Sep 10, 2008
—
Do Y Cho
Americar Ents LLC
Grant Deed
related
—
Nov 28, 2006
—
Joon S Park
Americar Ents LLC
Grant Deed
$288,000 · Interbay Funding LLC
Apr 25, 2006
—
Americar Ents LLC
Cho,do Y & Jeong Y
Grant Deed
—
Dec 30, 2005
—
Jeong Y Cho
Park,tae K & Chun J
Grant Deed
—
Oct 29, 2004
—
Tae K Park
Park,chun J
Quit Claim Deed
related
—
Apr 23, 2004
—
Tae K Park
Park,joon S
Quit Claim Deed
related
—
Apr 22, 2004
—
Tae K Park
Park,joon S
Quit Claim Deed
related
—
—
—
Tae K Park
—
Deed Of Trust
related
$300,000 · Jung O Park
—
—
Sila Properties LP
—
Deed Of Trust
related
$1,000,000 · Frost Bk
—
—
Sila Properties LP
—
Loan Modification
related
$999,999 · Frost Bk
—
—
Tae K Park
—
Deed Of Trust
related
$300,000 · Jung O Park
—
—
Sila Properties LP
—
Loan Modification
related
$1,000,000 · Frost Bk
—
—
Tae K Park
—
Deed Of Trust
related
$750,000 · Wilshire State Bank
—
—
Tae K Park
—
Deed Of Trust
related
$456,000 · Wilshire State Bank
—
—
Freedom INC
—
Loan Modification
related
$3,045,298 · Frost Bk
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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