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Property profile & analytics
OFF-MARKET
Estimated value
$6,590,000
Hotels
5954 Luther Ln Dallas, TX 75225-5907
Individually Owned
9-yr Hold
~
Est. High Equity
Property ID
US82-1959123
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1999
Construction
FRAME
Total area
149,259 SF
Lot
0.95 ac (41,470 SF)
Zoning code
Z239
APN
005625000303A0100
UPID
US82-1959123
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
-
Woodbine Bar Bar & Pub
-
Grain Restaurant
-
Hilton Dallas/Park Cities Hotel & Motel
-
5954 Luther Lane Parking Parking Lot & Garage
-
Peacemakers Incorporated Association Or Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.36M
Comparable Approach
Comparable
$5.82M
Blend (final)
Blend
$6.59M
Owner & transaction history
Woodbine Legacy Of Park Cities Ow · 9 yrs held
Woodbine Legacy Of Park Cities Ow
since 2017
4 recorded transactions
Zoning & alternative use
Z239 · Dallas, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$10.2M
+220.6%
Medical building
$10.1M
+218.5%
Office building
$9.9M
+211.6%
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%
$7,975,000
6.5%
$7,360,000
7%
$6,835,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$10,190,000
Change: +221% · Conversion: Difficult
MEDICAL BUILDING
$10,125,000
Change: +219% · Conversion: Difficult
OFFICE BUILDING
$9,905,000
Change: +212% · Conversion: Difficult
Blend value · Realmo final
$6.59M
Range $5.93M – $7.25M · ±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
$44 / 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
$717,303
Tax year 2023
Assessed value
$33,000,000
Assessed 2023
Previous assessed
$33,000,000
+0.0% YoY
Effective rate
2.17%
On assessed value
Assessed land
$5,391,100
Assessed improvement
$27,608,900
Land market value
$5,391,100
Improvement market value
$27,608,900
Total market value
$33,000,000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1999
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
11
Units
230
Total area
149,259 SF
Lot
0.95 ac (41,470 SF)
Zoning code
Z239
APN
005625000303A0100
UPID
US82-1959123
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
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$10.2M
MEDICAL BUILDING
Est. value
$10.1M
OFFICE BUILDING
Est. value
$9.9M
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
OFFICE 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
1999
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
11
Buildings
2
Units
230
Lot
0.95 ac
Current owner
From public records · entity-resolved
Woodbine Legacy Of Park Cities Ow
Individual
Mailing address
1900 N AKARD ST #3000, DALLAS, TX 75201-2729
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 21, 2017
—
Woodbine Legacy Of Park Cities Ow
Apple Nine Spe Dallas INC
Grant Deed
$32,000,000 · Miscellaneous Ins Co
May 18, 2011
—
Apple Nine Spe Dallas INC
Rmc PC Hotel LP
Grant Deed
$20,988,162 · Wells Fargo Bk #2005-gg4 (ce)
May 26, 2005
—
Rmc PC Hotel
Park Cities Hotel
Deed Of Trust
related
$23,500,000 · Greenwich Capital Fin'l INC
—
—
Apple Nine Spe Dallas INC
—
Deed Of Trust
related
$28,000,000 · Miscellaneous Ins Co
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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