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Property profile & analytics
FOR LEASE
Parking lots & garages
2811 Mckinney Ave Dallas, TX 75204
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US82-3478725
For Lease
1 / 4
Contact for pricing
2811 Mckinney Ave, Dallas, TX 75204
View Listing →
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
1984
Construction
FRAME
Total area
94,533 SF
Lot
1.38 ac (60,113 SF)
Zoning code
Z239
APN
135526000000
UPID
US82-3478725
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
-
Grand Caliber (Bike/Boat/Book/etc) Store
-
Atlas Chiropractic & Wellness Alternative Medicine Practice
-
Gentleman Timepieces (Bike/Boat/Book/etc) Store
-
MarketKarma (Bike/Boat/Book/etc) Store Corporate Office
-
Tollefson Bradley Ball Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$905k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.77M
Blend (final)
Blend
$1.34M
Owner & transaction history
Rvo 2811 LLC · 8 yrs held
Rvo 2811 LLC
since 2017
6 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
$905,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
PARKING LOT
$810,000
Current use
Blend value · Realmo final
$1.34M
Range $1.21M – $1.47M · ±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
$14 / 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
$596,643
Tax year 2023
Assessed value
$26,000,000
Assessed 2023
Previous assessed
$26,000,000
+0.0% YoY
Effective rate
2.29%
On assessed value
Assessed land
$10,522,050
Assessed improvement
$15,477,950
Land market value
$10,522,050
Improvement market value
$15,477,950
Total market value
$26,000,000
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
For Lease
Year built
1984
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Buildings
4
Stories
2
Total area
94,533 SF
Lot
1.38 ac (60,113 SF)
Zoning code
Z239
APN
135526000000
UPID
US82-3478725
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z239 · Dallas, TXZoning Z239 · permitted uses
Z239 · Dallas, TX
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
PARKING LOT Current
Est. value
$810,000
PARKING LOT Current
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
1984
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
2
Buildings
4
Lot
1.38 ac
Current owner
From public records · entity-resolved
Rvo 2811 LLC
Entity
Mailing address
2626 HOWELL ST #850, DALLAS, TX 75204-4064
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 1, 2017
—
Rvo 2811 LLC
2811 Mckinney Ll LLC
Quit Claim Deed
related
—
Apr 10, 2014
—
2811 Mckinney Ll LLC
Caddo Uptown LP
Special Warranty Deed
$15,190,000 · Citigroup Global Markets Realty Corp
Oct 14, 2011
—
Caddo Uptown LP
2811 Mckinney Ltd
Grant Deed
related
—
—
—
2811 Mckinney Ltd
—
Deed Of Trust
related
$5,000,000 · Lyda B Hunt
—
—
Caddo Uptown LP
—
Loan Modification
related
$2,900,000 · American Bank Of Texas
—
—
Caddo Uptown LP
—
Deed Of Trust
related
$9,000,000 · American Bank Of Texas
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?”
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