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Property profile & analytics
OFF-MARKET
Estimated value
$1,025,000
Gas stations
5219 Grand Ave Dallas, TX 75223-2215
Individually Owned
27-yr Hold
Free & Clear
Property ID
US82-2707156
Property summary
AI-generated overview
This 2.27-acre commercial land parcel presents a prime infill redevelopment opportunity in Dallas, Texas. Strategically located at the intersection of East Grand Avenue and I-30, the property boasts excellent visibility and accessibility. Its location offers close proximity to the Dallas Central Business District, Fair Park, Oak Cliff, and Lakewood neighborhoods, ensuring high traffic and potential customer base. The property is zoned for multiple uses, providing flexibility for a variety of development projects. Proposed uses include retail, self-storage, mini-warehousing, vehicle display/dealership/rental, motel/lodging, office space, and healthcare facilities such as hospitals, adult day care, or hospice care. While the property features a newer roof (installed in 2017) and HVAC system (2018), it is ideally suited for redevelopment or owner-operator use. The site includes a billboard easement that is independent of the property ownership. This versatile location and zoning flexibility make this an exceptional investment opportunity for developers and entrepreneurs seeking a high-impact project in a thriving Dallas neighborhood. The property's address is 5219 E Grand Ave, Dallas, TX 75223, within Dallas County.
Property profile
Verified
Property type
Gas stations
Use group
SERVICE STATION (FULL SERVICE)
Year built
1925
Construction
TILT-UP CONCRETE
Total area
10,266 SF
Lot
0.21 ac (9,250 SF)
Zoning code
Z46
APN
146386000000
UPID
US82-2707156
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
-
Castelan Automotive Auto Repair Shop
-
Ballistic Bubble Soccer Sports Equipment Rental Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.03M
Blend (final)
Blend
$1.03M
Owner & transaction history
JOSE MANUEL CASTELAN
JOSE MANUEL CASTELAN
Zoning & alternative use
Z46 · Dallas, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.4M
+5.0%
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
SERVICE STATION (FULL SERVICE)
$1,375,000
Current use
RESTAURANT
$1,445,000
Change: +5% · Conversion: Difficult
RETAIL STORES
$1,240,000
Change: -10% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,195,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$1.03M
Range $923k – $1.13M · ±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
$100 / 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
$10,534
Tax year 2023
Assessed value
$590,520
Assessed 2023
Previous assessed
$405,210
+45.7% YoY
Effective rate
1.78%
On assessed value
Total market value
$590,520
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
Gas stations
Use group
SERVICE STATION (FULL SERVICE)
Status
Off-Market
Year built
1925
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Total area
10,266 SF
Lot
0.21 ac (9,250 SF)
Zoning code
Z46
APN
146386000000
UPID
US82-2707156
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z46 · Dallas, TX
Zoning Z46 · permitted uses
Z46 · 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
SERVICE STATION (FULL SERVICE) Current
Est. value
$1.4M
RESTAURANT
Est. value
$1.4M
RETAIL STORES
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.2M
SERVICE STATION (FULL SERVICE) Current
RESTAURANT
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
1925
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Lot
0.21 ac
Current owner
From public records · entity-resolved
JOSE MANUEL CASTELAN
Individual
Free & Clear · 0 yrs held
Mailing address
5219 E GRAND AVE, DALLAS, TX 75223-2215
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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