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    4500 Harry Hines Blvd Dallas, TX 75219-1717
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    Property profile & analytics

    4500 Harry Hines Blvd, Dallas, TX 75219-1717

    View on Map
    • Hotels
    • 119,250 SF
    • 2.24 lot acres
    Off-Market
    Property ID
    US82-0739961
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,850,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • ATM / Atm
    • Holiday Inn Dallas Market Center, an IHG Hotel / Hotel & Motel

    Property Details for 4500 Harry Hines Blvd

    Year built
    1971
    Construction
    STEEL FRAME
    Lot size
    2.24 lot acres
    Zone code
    Z116
    Property type
    Hotels
    APN
    430081000000
    APU
    430081000000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 8, 2020 — Hc Dallas LLC — Deed · related $3.2M · Northeast Bk
    Mar 21, 2018 — Hc Dallas LLC Market Center Dfw Hotel LLC Grant Deed $9M · Bolour Associates INC
    Jun 20, 2017 — Market Center Dfw Hotel LLC Sa 4500 Harry Hines LLC Quit Claim Deed · related —
    Apr 5, 2017 — Sa 4500 Harry Hines LLC Market Center Dfw Hotel LLC Grant Deed · related —
    Oct 31, 2007 — Market Center Dfw Hotel LLC Hira Panna Investments INC Grant Deed $11M · Cibc INC
    Aug 23, 2005 — Hira Panna Investments INC Inn At Market Center Grant Deed $2.6M · One World Bank
    — — Market Center Dfw Hotel LLC — Deed Of Trust · related $11.4M · Realty Finance Operating Partnership LP Realty Finance Operating Partnership LP
    — — Market Center Dfw Hotel LLC — Deed Of Trust · related —
    — — Hira Panna Investments INC — Deed Of Trust · related $5.5M · Prosperity Bank
    — — Hira Panna Investments INC — Deed Of Trust · related $5.5M · Patriot Bank NA
    — — Inn At Market Center — Deed Of Trust · related $100k · Ram Krushna Corp
    — — Inn At Market Center — Deed Of Trust · related $100k · Chandrakant B Patel
    — — Hc Dallas LLC — Loan Modification · related $3.2M · Northeast Bk

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,375,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,327,000
      Market price range: $1.02M - $4.65M

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $2,540,000
      Current use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.8292
    Latitude
    32.8066
    CBSA code
    19100
    CBSA name
    DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $259,310
    $3,416,770
    $7,883,230
    $11,300,000
    -
    $3,416,770
    $7,883,230
    $11,300,000

    Comparable in this City

    • Value Estimation
      $8,160,000
      294,261 SF

      2440 Victory Park Ln

      HOTEL
      2440 Victory Park Ln, Dallas, TX 75219-7604
      View Details
    • Value Estimation
      $6,460,000
      146,350 SF

      3015 Oak Lawn Ave

      HOTEL
      3015 Oak Lawn Ave, Dallas, TX 75219-4134
      View Details
    • Value Estimation by Request
      5,676 SF

      4354 Harry Hines Blvd

      MOTEL
      4354 Harry Hines Blvd, Dallas, TX 75219-2410
      View Details
    • Value Estimation by Request
      1,500 SF

      4734 Maple Ave

      Restaurants
      4734 Maple Ave, Dallas, TX 75219
      View Details
    • Value Estimation by Request
      48,695 SF

      2733 Oak Lawn Ave

      Lifestyle centers
      2733 Oak Lawn Ave, Dallas, TX 75219
      View Details
    • Value Estimation by Request
      2.01 Acres

      Maple Ave & Lucas Dr

      Land
      0 Maple Ave & Lucas Dr, Dallas, TX 75219
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,176 SF

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      Retail spaces available in a renovated, high-traffic Dallas location.
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      841 SF

      Turtle Creek Condo with Amenities

      Modern condo with amenities in the heart of Turtle Creek.
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      Land For Sale Dallas

      Land available for sale at 4021 N Hall St, Dallas, TX.
      4021 N Hall St, Dallas, TX 75219
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      Turtle Creek/Oak Lawn Development Site

      Infill property near parks, restaurants, retail, and luxury hotels.
      3601 Cedar Springs Rd, Dallas, TX 75219
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      Oaklawn Multifamily Investment Opportunity

      Five-unit apartment building in Oaklawn near Highland Park.
      3811 Holland Ave, Dallas, TX 75219
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    • $13,000,000
      0.90 Acres

      Urban Land Compound with Office-Use Home

      Own a rare one-acre city compound combining a contemporary residence, a commercial office-zoned historic home, and expansive park-like grounds.
      3508 Gillespie St, Dallas, TX 75219
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    Similar Nearby for Lease

    • Contact for pricing

      Retail and Office Space Available

      Retail and office spaces available for lease.
      3607 Oak Lawn Ave, Dallas, TX 75219
      View Details
    • Contact for pricing

      Retail Space on Oak Lawn

      Two-story retail space available for lease in Dallas, TX.
      3926 Oak Lawn Ave, Dallas, TX 75219
      View Details
    • Contact for pricing

      Land for Lease in Uptown

      38,220 SF land for lease in prime location.
      2733 Oak Lawn Ave, Dallas, TX 75219
      View Details
    • Contact for pricing

      Office Space Available For Lease

      Office spaces for lease at Lee Parkway and Hall Street.
      3303 N Hall St, Dallas, TX 75219
      View Details
    • Contact for pricing
      3,600 SF

      Retail Space on Lemmon Avenue

      Retail property available for rent on Lemmon Avenue.
      4208 Lemmon Ave, Dallas, TX 75219
      View Details
    • Contact for pricing
      16,366 SF

      Class A Office Building

      Class A office building in prestigious Dallas neighborhood.
      3131 Turtle Creek Blvd, Dallas, TX 75219
      View Details

    Property Visit Statistics

    • Visits by month
      7.3k
    • Visitors by month
      5.0k
    • Avg Time on site
      334 min
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    Dallas, TX 75219-1717
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    4500 Harry Hines Blvd, Dallas, TX, 75219
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