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Property profile & analytics
OFF-MARKET
Estimated value
$226,100,000
Parking lots & garages
600 Pearl St Dallas, TX 75201-2822
Entity Owned
14-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-2178633
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
1980
Construction
FRAME
Total area
6,449,718 SF
Lot
5.65 ac (246,070 SF)
Zoning code
Z21
APN
105547000000
UPID
US82-2178633
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
-
Allegro Development Corporation (Bike/Boat/Book/etc) Store Corporate Office
-
THE COMPLIANCE LAW FIRM: A Division of Lippe & Associates Law Firm
-
Per Scholas Dallas Vocational School Training Center
-
Moody's Investors Services Inc Financial Advisor
-
Fine Shine (Lower Level) (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$226.10M
Owner & transaction history
Pota Jv LLC · 14 yrs held
Pota Jv LLC
since 2011
7 recorded transactions
Zoning & alternative use
Z21 · 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
$35 / 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
$2,178,988
Tax year 2023
Assessed value
$94,954,050
Assessed 2023
Previous assessed
$94,954,050
+0.0% YoY
Effective rate
2.29%
On assessed value
Assessed land
$20,671,060
Assessed improvement
$74,282,990
Land market value
$20,671,060
Improvement market value
$74,282,990
Total market value
$94,954,050
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
1980
Construction
FRAME
Heating
NONE
Cooling
NONE
Buildings
3
Stories
15
Total area
6,449,718 SF
Lot
5.65 ac (246,070 SF)
Zoning code
Z21
APN
105547000000
UPID
US82-2178633
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z21 · Dallas, TX
Zoning Z21 · permitted uses
Z21 · 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
1980
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
15
Buildings
3
Lot
5.65 ac
Current owner
From public records · entity-resolved
Pota Jv LLC
Entity
Mailing address
13155 NOEL RD STE #500, DALLAS, TX 75240-5042
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 14, 2016
—
Pota Jv LLC
—
Deed
related
$70,000,000 · Metlife Com'l Mtg Originator L
Oct 27, 2016
—
Ia Lodging Dallas Pearl LP
—
Deed
related
$51,000,000 · Bank Of America
Dec 22, 2011
—
Pota Jv LLC
Trizec Plaza Of Americas LP
Grant Deed
$9,420,000 · Metropolitan Life Insurance
May 21, 2004
—
Trizec Plaza Of Americas
Dallas Plaza
Grant Deed
related
—
May 25, 2001
—
Trizechahn Regional Pooling
Stevens Creek Associates
Grant Deed
related
—
—
—
Pota Jv LLC
—
Deed Of Trust
related
$70,000,000 · Metlife Com'l Mtg Originator L
—
—
Ia Lodging Dallas Pearl LP
—
Loan Modification
related
$51,000,000 · Bank Of America
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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