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Property profile & analytics
OFF-MARKET
Estimated value
$635,000
Apartment buildings
3231 Rosedale Ave Dallas, TX 75205-1500
Entity Owned
9-yr Hold
Property ID
US82-9275445
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2013
Construction
FRAME
Total area
7,611 SF
Lot
0.2 ac (8,831 SF)
Zoning code
Z192
APN
601925000F02A0000
UPID
US82-9275445
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
-
SMU Rental Apartments on Rosedale Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$560k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$714k
Blend (final)
Blend
$635k
Owner & transaction history
3231 Rosedale LLC · 9 yrs held
3231 Rosedale LLC
since 2017
4 recorded transactions
Zoning & alternative use
Z192 · Dallas, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$890,000
+48.9%
Retail stores
$740,000
+23.8%
Neighborhood: shopping center
$685,000
+15.2%
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
$560,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$595,000
Current use
AUTO REPAIR, GARAGE
$890,000
Change: +49% · Conversion: Difficult
RETAIL STORES
$740,000
Change: +24% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$685,000
Change: +15% · Conversion: Difficult
OFFICE BUILDING
$615,000
Change: +3% · Conversion: Moderate
MEDICAL BUILDING
$515,000
Change: -13% · Conversion: Moderate
Blend value · Realmo final
$635k
Range $572k – $699k · ±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
$83 / 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
$38,506
Tax year 2023
Assessed value
$2,300,000
Assessed 2023
Previous assessed
$2,300,000
+0.0% YoY
Effective rate
1.67%
On assessed value
Assessed land
$1,236,340
Assessed improvement
$1,063,660
Land market value
$1,236,340
Improvement market value
$1,063,660
Total market value
$2,300,000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2013
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
3
Bathrooms
18
Total area
7,611 SF
Lot
0.2 ac (8,831 SF)
Zoning code
Z192
APN
601925000F02A0000
UPID
US82-9275445
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z192 · Dallas, TX
Zoning Z192 · permitted uses
Z192 · 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
$595,000
AUTO REPAIR, GARAGE
Est. value
$890,000
RETAIL STORES
Est. value
$740,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$685,000
OFFICE BUILDING
Est. value
$615,000
MEDICAL BUILDING
Est. value
$515,000
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
MEDICAL BUILDING
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
2013
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
3
Bathrooms
18
Lot
0.2 ac
Current owner
From public records · entity-resolved
3231 Rosedale LLC
Entity
Mailing address
11415 ROYALSHIRE DR, DALLAS, TX 75230-2911
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 9, 2017
—
3231 Rosedale LLC
Fulton,william L & Nancy W
Quit Claim Deed
—
Aug 10, 2015
—
William L Fulton
3231 Rosedale LLC
Warranty Deed
$801,950 · Reliance Mortgage Co
Aug 13, 2013
—
3231 Rosedale LLC
William L Fulton
Special Warranty Deed
$220,314 · Southside Bank
—
—
Fulton,william L & Nancy W
—
Deed Of Trust
related
$195,493 · Ntfn
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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