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Property profile & analytics
OFF-MARKET
Estimated value
$560,000
Retail space
5601 Sears St Dallas, TX 75206-7117
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US82-0309588
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1940
Construction
TILT-UP CONCRETE
Total area
11,802 SF
Lot
0.39 ac (17,000 SF)
Zoning code
Z239
APN
191530000000
UPID
US82-0309588
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
-
Four Day Weekend- Dallas Nightclub Theater & Performing Art Venue
-
Truck Yard Commissary Kitchen Food Processing Plant
-
MyPiesPizzeria LLC Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$410k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$710k
Blend (final)
Blend
$560k
Owner & transaction history
Red Beard Pirate Ventures LLC · 8 yrs held
Red Beard Pirate Ventures LLC
since 2017
7 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
Method
Estimation
Statistic approach
by Request
ML approach
$410,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$560k
Range $504k – $616k · ±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
$47 / 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
$26,138
Tax year 2023
Assessed value
$1,139,000
Assessed 2023
Previous assessed
$1,139,000
+0.0% YoY
Effective rate
2.29%
On assessed value
Assessed land
$850,000
Assessed improvement
$289,000
Land market value
$850,000
Improvement market value
$289,000
Total market value
$1,139,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1940
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
3
Total area
11,802 SF
Lot
0.39 ac (17,000 SF)
Zoning code
Z239
APN
191530000000
UPID
US82-0309588
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
1940
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
3
Lot
0.39 ac
Current owner
From public records · entity-resolved
Red Beard Pirate Ventures LLC
Entity
Mailing address
5211 BONITA AVE, DALLAS, TX 75206-6725
Ownership since
2017
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
Jan 10, 2019
—
Red Beard Pirate Ventures LLC
—
Deed
related
$1,680,000 · Zb NA
Jul 24, 2017
—
Red Beard Pirate Ventures LLC
Cynthia Sue Loncar
Special Warranty Deed
$1,592,000 · The Morrill And Janes Bank & Trust
Nov 14, 2016
—
Cynthia S Loncar
Tourmaline Ptrs Props LLC Sear
Grant Deed
related
—
Jun 29, 2015
—
Tourmaline Ptrs Props LLC-seac
Tourmaline Partners Props LLC
Quit Claim Deed
related
—
Jan 14, 2005
—
Tourmaline Partners Props LLC
La Ptshp
Grant Deed
related
—
Dec 2, 2004
—
Tourmaline Ptrs Properties LLC
Owner Name Unavailable
Grant Deed
related
—
—
—
Tourmaline Partners Props LLC
—
Deed Of Trust
related
$700,000 · Frost National Bank
—
—
Tourmaline Partners Props LLC
—
Deed Of Trust
related
$457,259 · Frost National Bank
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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