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Property profile & analytics
OFF-MARKET
Estimated value
$5,725,000
Distribution centers
3901 La Reunion Pkwy Dallas, TX 75212-6012
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-0277366
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1983
Construction
TILT-UP CONCRETE
Total area
59,540 SF
Lot
2.71 ac (118,208 SF)
Zoning code
Z116
APN
0072140H000000100
UPID
US82-0277366
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
-
Dezine News Accessories Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.34M
Comparable Approach
Comparable
$5.11M
Blend (final)
Blend
$5.73M
Owner & transaction history
Dogwood Propco Tx III LP · 4 yrs held
Dogwood Propco Tx III LP
since 2021
4 recorded transactions
Zoning & alternative use
Z116 · Dallas, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$8.4M
+181.8%
Office building
$7.0M
+136.8%
Auto repair, garage
$6.9M
+133.8%
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%
$6,870,000
6.5%
$6,340,000
7%
$5,890,000
Alternative Use
Use
Estimation
RESTAURANT
$8,370,000
Change: +182% · Conversion: Difficult
OFFICE BUILDING
$7,035,000
Change: +137% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,945,000
Change: +134% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$4,210,000
Change: +42% · Conversion: Moderate
MEDICAL BUILDING
$4,040,000
Change: +36% · Conversion: Difficult
Blend value · Realmo final
$5.73M
Range $5.15M – $6.30M · ±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
$96 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$122,968
Tax year 2024
Assessed value
$5,358,600
Assessed 2024
Previous assessed
$5,358,600
+0.0% YoY
Effective rate
2.29%
On assessed value
Assessed land
$591,040
Assessed improvement
$4,767,560
Land market value
$591,040
Improvement market value
$4,767,560
Total market value
$5,358,600
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1983
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
59,540 SF
Lot
2.71 ac (118,208 SF)
Zoning code
Z116
APN
0072140H000000100
UPID
US82-0277366
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z116 · Dallas, TXZoning Z116 · permitted uses
Z116 · 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
RESTAURANT
Est. value
$8.4M
OFFICE BUILDING
Est. value
$7.0M
AUTO REPAIR, GARAGE
Est. value
$6.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.2M
MEDICAL BUILDING
Est. value
$4.0M
RESTAURANT
OFFICE BUILDING
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1983
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
2.71 ac
Current owner
From public records · entity-resolved
Dogwood Propco Tx III LP
Entity
Mailing address
500 BOYLSTON ST STE #2100, BOSTON, MA 02116-3840
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Nov 20, 2023
—
3901 La Reunion Owner LP
—
Deed
related
$75,500,000 · Athene Annuity And Life Company
Dec 13, 2021
—
Dogwood Propco Tx III LP
Wagner & Maloney Capital LLC
Special Warranty Deed
$200,000,000 · Goldman Sachs Bank USA
May 4, 2017
—
Wagner & Maloney Capital LLC
Prim Turnpike Portfolio LLC
Grant Deed
related
—
Oct 2, 2006
—
Turnpike Sub LLC
Petula Associates Ltd
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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