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Property profile & analytics
OFF-MARKET
Estimated value
$610,000
Bars & Pubs
3851 Cedar Spgs Rd Dallas, TX 75219-4137
Individually Owned
12-yr Hold
~
Est. High Equity
Property ID
US82-3986591
Property profile
Verified
Property type
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Year built
1953
Construction
FRAME
Total area
4,080 SF
Lot
0.15 ac (6,750 SF)
Zoning code
Z239
APN
149107000000
UPID
US82-3986591
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$612k
Blend (final)
Blend
$610k
Owner & transaction history
Cedar Springs Retail Assocs Ll · 12 yrs held
Cedar Springs Retail Assocs Ll
since 2014
7 recorded transactions
Zoning & alternative use
Z239 · Dallas, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$610,000
+43.6%
Retail stores
$500,000
+17.7%
Auto repair, garage
$475,000
+11.8%
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
NIGHTCLUB (COCKTAIL LOUNGE)
$425,000
Current use
COMMERCIAL (GENERAL)
$610,000
Change: +44% · Conversion: Difficult
RETAIL STORES
$500,000
Change: +18% · Conversion: Difficult
AUTO REPAIR, GARAGE
$475,000
Change: +12% · Conversion: Difficult
Blend value · Realmo final
$610k
Range $549k – $671k · ±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
$150 / 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
$12,478
Tax year 2023
Assessed value
$917,190
Assessed 2023
Previous assessed
$480,000
+91.1% YoY
Effective rate
1.36%
On assessed value
Total market value
$917,190
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
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Status
Off-Market
Year built
1953
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
4
Total area
4,080 SF
Lot
0.15 ac (6,750 SF)
Zoning code
Z239
APN
149107000000
UPID
US82-3986591
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
NIGHTCLUB (COCKTAIL LOUNGE) Current
Est. value
$425,000
COMMERCIAL (GENERAL)
Est. value
$610,000
RETAIL STORES
Est. value
$500,000
AUTO REPAIR, GARAGE
Est. value
$475,000
NIGHTCLUB (COCKTAIL LOUNGE) Current
COMMERCIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
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
1953
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
4
Lot
0.15 ac
Current owner
From public records · entity-resolved
Cedar Springs Retail Assocs Ll
Individual
Mailing address
8215 WESTCHESTER DR STE #207, DALLAS, TX 75225-6116
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 29, 2014
—
Cedar Springs Retail Assocs Ll
Hatteras,penelope
Trustees Deed
$1,069,816 · Liberty Cap Bk
—
—
Penelope Hatteras
—
Deed Of Trust
related
$12,622 · Darrell W Cook & Associates
—
—
Dmpt Ents
—
Deed Of Trust
related
$475,000 · Southwest Guaranty Ltd
—
—
Penelope Hatteras
—
Deed Of Trust
related
$20,401 · Darrell W Cook & Associates
—
—
Cedar Springs Retail Assocs Ll
—
Deed Of Trust
related
$340,000 · Liberty Cap Bk
—
—
Penelope Hatteras
—
Deed Of Trust
related
$26,119 · Gfh INC
—
—
Penelope Hatteras
—
Deed Of Trust
related
$47,982 · John W III Draughon
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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