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Property profile & analytics
OFF-MARKET
Estimated value
$590,000
Apartment buildings
601 Ewing Ave Dallas, TX 75203-1846
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US83-3172195
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1962
Construction
FRAME
Total area
11,048 SF
Lot
0.42 ac (18,250 SF)
Zoning code
Z239
APN
250012000000
UPID
US83-3172195
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
-
Kirby Yards at Bishop Ridge Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$500k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$683k
Blend (final)
Blend
$590k
Owner & transaction history
601 N Ewing LLC · 5 yrs held
601 N Ewing LLC
since 2020
5 recorded transactions
Zoning & alternative use
Z239 · Dallas, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$890,000
+33.9%
Office building
$885,000
+33.1%
Neighborhood: shopping center
$780,000
+17.4%
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
$500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$665,000
Current use
WAREHOUSE, STORAGE
$890,000
Change: +34% · Conversion: Difficult
OFFICE BUILDING
$885,000
Change: +33% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$780,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$590k
Range $531k – $649k · ±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
$53 / 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
$33,418
Tax year 2023
Assessed value
$1,456,250
Assessed 2023
Previous assessed
$1,456,250
+0.0% YoY
Effective rate
2.29%
On assessed value
Assessed land
$456,250
Assessed improvement
$1,000,000
Land market value
$456,250
Improvement market value
$1,000,000
Total market value
$1,456,250
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1962
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
17
Bathrooms
1
Total area
11,048 SF
Lot
0.42 ac (18,250 SF)
Zoning code
Z239
APN
250012000000
UPID
US83-3172195
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$665,000
WAREHOUSE, STORAGE
Est. value
$890,000
OFFICE BUILDING
Est. value
$885,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$780,000
APARTMENT HOUSE (5+ UNITS) Current
WAREHOUSE, STORAGE
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1962
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
17
Bathrooms
1
Lot
0.42 ac
Current owner
From public records · entity-resolved
601 N Ewing LLC
Entity
Mailing address
4655 INSURANCE LN, DALLAS, TX 75205-7318
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 19, 2020
—
601 N Ewing LLC
Shuhei Yamashita
Grant Deed
$1,000,000 · Veritex Cmnty Bk
Mar 29, 2017
—
Shuhei Yamashita
Tx Rcg LLC
Warranty Deed
related
—
Mar 24, 2017
—
Tx Rcg LLC
Oyster Lincoln LLC
Grant Deed
related
—
Mar 23, 2017
—
Oyster Lincoln LLC
Amg Of Tprf II Geneva Subsidi 1
Grant Deed
related
—
Sep 15, 2008
—
Amg Of Tprf II Geneva Subsidiary
Flug 1 Ltd
Grant Deed
$925,000 · Greystone Servicing Corp
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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