Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5619 Belmont Ave Dallas, TX 75206-6754
    Back to Search
    Property profile & analytics

    5619 Belmont Ave, Dallas, TX 75206-6754

    View on Map
    • Apartment buildings
    • 457,867 SF
    • 8.31 lot acres
    Off-Market
    Property ID
    US82-1960247
    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
    $22,680,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Dog Bone Pet Sitting and Dog Walking / Dog Walker
    • Alexan Lower Greenville / Apartment Complex / Apartment Building
    • looptech.nft / (Bike/Boat/Book/etc) Store / Corporate Office

    Property Details for 5619 Belmont Ave

    Year built
    2017
    Construction
    FRAME
    Lot size
    8.31 lot acres
    Zone code
    Z165
    Property type
    Apartment buildings
    APN
    002067000301A0000
    APU
    002067000301A0000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 26, 2016 — Ch Mf Bth I Of Dallas Lwr Greenvi LP Esc II Grant Deed · related —
    Dec 5, 1996 — LP Esc II Emeritus Corp Grant Deed $17M · Gmac Commercial Mortgage Corp
    — — Esc II LP — Deed Of Trust · related $6.8M · Heartland Bk
    — — Ch Mf Bth I Of Dallas Lwr Greenvi — Deed Of Trust · related $80M · Miscellaneous Ins Co
    — — Esc II LP — Deed Of Trust · related $9M · Keybank USA

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $28,360,000
      Current use
      MEDICAL BUILDING
      $31,060,000
      Change: +10% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $29,485,000
      Change: +4% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.7716
    Latitude
    32.818
    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
    2023
    $3,350,380
    $9,045,230
    $136,954,770
    $146,000,000
    -
    $9,045,230
    $136,954,770
    $146,000,000

    Comparable in this City

    • Value Estimation
      $4,765,000
      119,721 SF

      1811 Greenville Ave

      APARTMENT HOUSE (5+ UNITS)
      1811 Greenville Ave, Dallas, TX 75206-0100
      View Details
    • Value Estimation
      $4,750,000
      135,806 SF

      5222 Belmont Ave

      APARTMENT HOUSE (5+ UNITS)
      5222 Belmont Ave, Dallas, TX 75206-6900
      View Details
    • Value Estimation
      $6,280,000
      253,788 SF

      6061 Vlg Bnd Dr

      APARTMENT HOUSE (5+ UNITS)
      6061 Vlg Bnd Dr, Dallas, TX 75206-3500
      View Details
    • Value Estimation
      $5,090,000
      128,630 SF

      2525 Henderson Ave

      APARTMENT HOUSE (5+ UNITS)
      2525 Henderson Ave, Dallas, TX 75206-6688
      View Details
    • Value Estimation
      $1,815,000
      35,642 SF

      2510 Henderson Ave

      APARTMENT HOUSE (5+ UNITS)
      2510 Henderson Ave, Dallas, TX 75206-6616
      View Details
    • Value Estimation
      $27,730,000
      247,641 SF

      5920 University Blvd

      APARTMENT HOUSE (5+ UNITS)
      5920 University Blvd, Dallas, TX 75206-4709
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      35,111 SF

      Dallas Multifamily Investment Opportunity

      64-unit apartment community in Dallas' Knox-Henderson neighborhood.
      2315 Moser Ave, Dallas, TX 75206
      View Details
    • Contact for pricing
      19,368 SF

      Renovated Multifamily Community in Dallas

      36-unit multifamily property in East Dallas, fully renovated in 2018.
      5009 Bryan St, Dallas, TX 75206
      View Details
    • $4,200,000
      Pending

      Modern Apartment Complex with Gated Parking

      26-unit complex with updated loft and one-bedroom layouts, gated parking, and individual electric metering for straightforward operations.
      1910 Bennett Ave, Dallas, TX 75206
      View Details
    • $2,150,000
      5,947 SF

      Four-Unit Condominium Building

      New four-unit residential build with attached two-car garages, rooftop terraces, and fenced yards for flexible ownership strategies.
      5705 Live Oak St, Dallas, TX 75206
      View Details
    • New
      $1,399,991
      6,025 SF

      Mediterranean Duplex Income Property

      Well-appointed duplex with multiple living spaces and balconies, currently operated as a furnished short-term rental for strong income potential.
      5100 Mission Ave, Dallas, TX 75206
      View Details
    • New
      $775,000
      0.18 Acres

      Duplex With Two 2BR Units

      Spacious duplex with two 2-bedroom, 1-bath homes, original hardwood character, and natural light—well suited for income-focused buyers.
      5833 Velasco Ave, Dallas, TX 75206
      View Details

    Similar Nearby for Lease

    • $3,001 /Mo
      139,305 SF

      Fully Furnished Private Office Space

      Move-in ready private offices with receptionist, utilities, janitorial, and shared conference room access.
      6060 N Central Expy, Dallas, TX 75206
      View Details
    • Contact for pricing
      3,700 SF

      Retail/Restaurant Space on Greenville Avenue

      Retail or restaurant space in Dallas's vibrant Lowest Greenville.
      1928 Greenville Ave, Dallas, TX 75206
      View Details
    • Contact for pricing
      4,285 SF

      Henderson Avenue Retail Space Available

      Prime retail spaces on Henderson Avenue, Dallas.
      1834 N Henderson Ave, Dallas, TX 75206
      View Details
    • Contact for pricing
      3,500 SF

      Retail Space on Greenville Avenue

      In-line retail space available for rent in Dallas, TX.
      5500 Greenville Ave, Dallas, TX 75206
      View Details
    • Contact for pricing
      1,073 SF

      Office Space on Central Expressway

      Office space for lease with prominent visibility and modern amenities.
      4300 N Central Expy, Dallas, TX 75206
      View Details
    • Contact for pricing
      1,035 SF

      Retail Space on Henderson Avenue

      Retail space available in Dallas' pedestrian-friendly Henderson Avenue district.
      2323 N Henderson Ave, Dallas, TX 75206
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5619 Belmont Ave
    Dallas, TX 75206-6754
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5619 Belmont Ave, Dallas, TX, 75206
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!