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Property profile & analytics
OFF-MARKET
Parking lots & garages
5232 Frst Ln Dallas, TX 75244-8004
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US82-2654776
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
1962
Construction
TILT-UP CONCRETE
Total area
13,116 SF
Lot
0.49 ac (21,344 SF)
Zoning code
Z239
APN
0063860G000110000
UPID
US82-2654776
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
-
Enlighten Salon Hair Salon
-
EnlightenMD Spa & Massage Center Alternative Medicine Practice
-
David Feinstein M.D. Physician
-
Enlighten Living Clothing & Fashion Store
-
North Dallas Vascular Associates Medical Clinic Hospital
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
5232 Forest Ln LP · 11 yrs held
5232 Forest Ln LP
since 2014
6 recorded transactions
Zoning & alternative use
Z239 · Dallas, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$31,668
Tax year 2024
Assessed value
$1,380,000
Assessed 2024
Previous assessed
$1,380,000
+0.0% YoY
Effective rate
2.29%
On assessed value
Assessed land
$533,600
Assessed improvement
$846,400
Land market value
$533,600
Improvement market value
$846,400
Total market value
$1,380,000
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
Off-Market
Year built
1962
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
13,116 SF
Lot
0.49 ac (21,344 SF)
Zoning code
Z239
APN
0063860G000110000
UPID
US82-2654776
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.
Building & site characteristics
From public records
Year built
1962
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Lot
0.49 ac
Current owner
From public records · entity-resolved
5232 Forest Ln LP
Entity
Mailing address
5232 FRST LN 7047TH CURRIN DR, DALLAS, TX 75230
Mailing matches property
Yes
Owner-occupied
Yes
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 25, 2014
—
5232 Forest Ln LP
Forestwood Ventures LP
Quit Claim Deed
$1,235,000 · Legacy Bk/tx
Apr 6, 2005
—
Forestwood Ventures
Redeem INC
Warranty Deed
$958,000 · State Farm Bk
Dec 28, 2000
—
Redeem INC
Evangelical Development INC
Grant Deed
$672,000 · Bankdallas Ssb
—
—
5232 Forest Ln LP
—
Deed Of Trust
related
$150,000 · Legacy Bk/tx
—
—
5232 Forest Ln LP
—
Deed Of Trust
related
$1,800,000 · Simmons Bk
—
—
Forestwood Ventures LP
—
Deed Of Trust
related
$900,000 · State Farm Bank Fsb
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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