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Property profile & analytics
OFF-MARKET
Estimated value
$20,125,000
Apartment buildings
2929 Wycliff Ave Dallas, TX 75219-2651
Entity Owned
7-yr Hold
Free & Clear
Property ID
US82-2912545
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2006
Construction
FRAME
Total area
190,069 SF
Lot
2.05 ac (89,342 SF)
Zoning code
Z239
APN
001616001101A0000
UPID
US82-2912545
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
-
Sharper Services (ACN Independent Business Owner) Marketing & Advertising
-
A Perfect Fit Nanny Agency Employment Agency
-
Smith Eric DDS Dental Office
-
The Learning Treehouse Daycare Center
-
2929 Wycliff Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$15.39M
Blend (final)
Blend
$20.13M
Owner & transaction history
Mfrevf III 2929 Wycliff LP · 7 yrs held
Mfrevf III 2929 Wycliff LP
since 2019
2 recorded transactions
Zoning & alternative use
Z239 · Dallas, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$28.5M
+66.4%
Restaurant
$27.8M
+62.5%
Retail stores
$23.3M
+36.4%
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)
$17,110,000
Current use
COMMERCIAL (GENERAL)
$28,470,000
Change: +66% · Conversion: Moderate
RESTAURANT
$27,805,000
Change: +63% · Conversion: Difficult
RETAIL STORES
$23,340,000
Change: +36% · Conversion: Difficult
AUTO REPAIR, GARAGE
$22,170,000
Change: +30% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$14,900,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$20.13M
Range $18.11M – $22.14M · ±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
$106 / 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
$802,891
Tax year 2023
Assessed value
$34,987,680
Assessed 2023
Previous assessed
$34,987,680
+0.0% YoY
Effective rate
2.29%
On assessed value
Assessed land
$5,360,520
Assessed improvement
$29,627,160
Land market value
$5,360,520
Improvement market value
$29,627,160
Total market value
$34,987,680
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
2006
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
4
Units
167
Total area
190,069 SF
Lot
2.05 ac (89,342 SF)
Zoning code
Z239
APN
001616001101A0000
UPID
US82-2912545
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
$17.1M
COMMERCIAL (GENERAL)
Est. value
$28.5M
RESTAURANT
Est. value
$27.8M
RETAIL STORES
Est. value
$23.3M
AUTO REPAIR, GARAGE
Est. value
$22.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$14.9M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
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
2006
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
4
Buildings
2
Units
167
Lot
2.05 ac
Current owner
From public records · entity-resolved
Mfrevf III 2929 Wycliff LP
Entity
Free & Clear · 7 yrs held
Mailing address
353 N CLARK ST, CHICAGO, IL 60654-4704
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 19, 2019
—
Mfrevf III 2929 Wycliff LP
I & G Direct Real Estate 26 LP
Grant Deed
related
—
Dec 19, 2012
—
I LP
Broadstone Wycliff LP
Grant 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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