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Property profile & analytics
OFF-MARKET
Estimated value
$980,000
Motels
2930 Frst Ln Dallas, TX 75234-7504
Individually Owned
6-yr Hold
~
Est. High Equity
Property ID
US82-4336965
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1986
Construction
TILT-UP CONCRETE
Total area
80,473 SF
Lot
3.91 ac (170,494 SF)
Zoning code
Z59
APN
0065950B0018A0000
UPID
US82-4336965
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
-
2930 Forest Lane Parking Parking Lot & Garage
-
Courtyard Dallas Northwest Hotel & Motel
-
The Bistro Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$860k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.10M
Blend (final)
Blend
$980k
Owner & transaction history
Diwan-cm Hospitality Dallas Te · 6 yrs held
Diwan-cm Hospitality Dallas Te
since 2019
7 recorded transactions
Zoning & alternative use
Z59 · 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
$860,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$980k
Range $882k – $1.08M · ±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
$12 / 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
$122,886
Tax year 2023
Assessed value
$5,355,000
Assessed 2023
Previous assessed
$5,355,000
+0.0% YoY
Effective rate
2.29%
On assessed value
Assessed land
$2,045,920
Assessed improvement
$3,309,080
Land market value
$2,045,920
Improvement market value
$3,309,080
Total market value
$5,355,000
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1986
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
3
Units
146
Total area
80,473 SF
Lot
3.91 ac (170,494 SF)
Zoning code
Z59
APN
0065950B0018A0000
UPID
US82-4336965
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z59 · Dallas, TX
Zoning Z59 · permitted uses
Z59 · 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
1986
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
3
Units
146
Lot
3.91 ac
Current owner
From public records · entity-resolved
Diwan-cm Hospitality Dallas Te
Individual
Mailing address
2929 CARLISLE ST STE #115, DALLAS, TX 75204-0935
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 4, 2019
—
Diwan-cm Hospitality Dallas Te
Coventry Hospitality LLC
Grant Deed
$12,500,000 · Wilmington Tr N 2016-lc25 (ce)
Oct 21, 2015
—
Coventry Hospitality LLC
Summit Qi Properties LLC
Grant Deed
$9,700,000 · Ladder Cap Fin
Sep 4, 2013
—
Summit Qi Properties LLC
Wps Cy Dallas Lbj LLC
Grant Deed
$4,375,000 · Nexbank Ssb
Mar 26, 2013
—
Wps Cy Dallas Lbj LLC
Cbm Three Hotels LLC
Grant Deed
$42,050,000 · Ladder Cap Fin
Jan 3, 2006
—
C1 Land
Host Restaurants INC
Grant Deed
related
—
—
—
Summit Qi Properties LLC
—
Loan Modification
related
$3,520,132 · Nexbank Ssb
—
—
Summit 11 Investment Group LLC
—
Loan Modification
related
$6,500,000 · Nexbank Ssb
—
—
Summit Qi Properties LLC
—
Loan Modification
related
$3,520,132 · Nexbank Ssb
—
—
Summit Qi Properties LLC
—
Deed Of Trust
related
$6,500,000 · Nexbank Ssb
—
—
Coventry Hospitality LLC
—
Deed Of Trust
related
$12,500,000 · Ladder Cap Fin
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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