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Property profile & analytics
OFF-MARKET
Estimated value
$22,115,000
Apartment buildings
5100 Bowser Ave Dallas, TX 75209
Entity Owned
4-yr Hold
Property ID
US82-0388666
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2008
Construction
FRAME
Total area
206,179 SF
Lot
3.31 ac (144,358 SF)
Zoning code
Z239
APN
002460000601A0000
UPID
US82-0388666
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
$17.19M
Blend (final)
Blend
$22.12M
Owner & transaction history
Blue Atlantic West Lemmon LP · 4 yrs held
Blue Atlantic West Lemmon LP
since 2021
7 recorded transactions
Zoning & alternative use
Z239 · Dallas, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$29.0M
+176.6%
Neighborhood: shopping center
$24.3M
+131.5%
Auto repair, garage
$24.0M
+129.5%
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
RESTAURANT
$28,985,000
Change: +177% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$24,265,000
Change: +132% · Conversion: Difficult
AUTO REPAIR, GARAGE
$24,045,000
Change: +129% · Conversion: Difficult
RETAIL STORES
$20,385,000
Change: +94% · Conversion: Difficult
OFFICE BUILDING
$14,545,000
Change: +39% · Conversion: Moderate
MEDICAL BUILDING
$13,985,000
Change: +33% · Conversion: Moderate
Blend value · Realmo final
$22.12M
Range $19.90M – $24.33M · ±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
$107 / 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
$1,172,066
Tax year 2023
Assessed value
$51,075,270
Assessed 2023
Previous assessed
$51,075,270
+0.0% YoY
Effective rate
2.29%
On assessed value
Assessed land
$4,330,740
Assessed improvement
$46,744,530
Land market value
$4,330,740
Improvement market value
$46,744,530
Total market value
$51,075,270
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
2008
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
3
Units
200
Bathrooms
3
Total area
206,179 SF
Lot
3.31 ac (144,358 SF)
Zoning code
Z239
APN
002460000601A0000
UPID
US82-0388666
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
RESTAURANT
Est. value
$29.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$24.3M
AUTO REPAIR, GARAGE
Est. value
$24.0M
RETAIL STORES
Est. value
$20.4M
OFFICE BUILDING
Est. value
$14.5M
MEDICAL BUILDING
Est. value
$14.0M
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
RETAIL STORES
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
2008
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
3
Buildings
2
Units
200
Bathrooms
3
Lot
3.31 ac
Current owner
From public records · entity-resolved
Blue Atlantic West Lemmon LP
Entity
Mailing address
1025 KANE CONCOURSE STE #215, BAY HARBOR ISLANDS, FL 33154-2118
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 17, 2021
—
Blue Atlantic West Lemmon LP
Highland Park West Lemmon LLC
Special Warranty Deed
$57,167 · Bref Vi Trs LLC
Dec 5, 2017
—
Highland Park West Lemmon LLC
Gs Cityville LP
Grant Deed
$52,000,000 · Keybank USA
Aug 30, 2013
—
Gs Cityville LP
Cityville Oak Park LP
Quit Claim Deed
related
$32,260,000 · Capital One Fin'l
Sep 12, 2007
—
Oak Park Cityville
Cityville Oak Park Trs
Quit Claim Deed
related
—
Aug 10, 2007
—
Oak Park Trs Cityville
Cityville Hbl
Quit Claim Deed
related
—
Jan 13, 2005
—
Cityville At West Hp
Richmond Apartments
Grant Deed
related
—
Feb 8, 1999
—
Richmond Apartments LP
Coy,gary W
Grant Deed
related
—
—
—
Gs Cityville LP
—
Deed Of Trust
related
$2,415,100 · Capital One NA
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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