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Property profile & analytics
OFF-MARKET
Estimated value
$1,295,000
Apartment buildings
617 Tyler St Dallas, TX 75208-3907
Entity Owned
8-yr Hold
Absentee Owner
Property ID
US82-1955496
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2020
Construction
FRAME
Total area
8,500 SF
Lot
0.21 ac (9,279 SF)
Zoning code
Z62
APN
273079000000
UPID
US82-1955496
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.27M
Blend (final)
Blend
$1.30M
Owner & transaction history
617 N Tyler St LLC · 8 yrs held
617 N Tyler St LLC
since 2017
5 recorded transactions
Zoning & alternative use
Z62 · Dallas, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.7M
+98.0%
Restaurant
$1.2M
+39.5%
Retail stores
$1.0M
+18.2%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$880,000
Current use
COMMERCIAL (GENERAL)
$1,745,000
Change: +98% · Conversion: Moderate
RESTAURANT
$1,230,000
Change: +39% · Conversion: Difficult
RETAIL STORES
$1,040,000
Change: +18% · Conversion: Difficult
AUTO REPAIR, GARAGE
$990,000
Change: +12% · Conversion: Difficult
OFFICE BUILDING
$960,000
Change: +9% · Conversion: Moderate
MEDICAL BUILDING
$860,000
Change: -2% · Conversion: Moderate
Blend value · Realmo final
$1.30M
Range $1.17M – $1.42M · ±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
$152 / 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
$51,633
Tax year 2023
Assessed value
$2,250,000
Assessed 2023
Previous assessed
$2,250,000
+0.0% YoY
Effective rate
2.29%
On assessed value
Assessed land
$556,740
Assessed improvement
$1,693,260
Land market value
$556,740
Improvement market value
$1,693,260
Total market value
$2,250,000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2020
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
3
Units
13
Bathrooms
13
Total area
8,500 SF
Lot
0.21 ac (9,279 SF)
Zoning code
Z62
APN
273079000000
UPID
US82-1955496
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z62 · Dallas, TX
Zoning Z62 · permitted uses
Z62 · 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
$880,000
COMMERCIAL (GENERAL)
Est. value
$1.7M
RESTAURANT
Est. value
$1.2M
RETAIL STORES
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$990,000
OFFICE BUILDING
Est. value
$960,000
MEDICAL BUILDING
Est. value
$860,000
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
OFFICE BUILDING
MEDICAL 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
2020
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
3
Units
13
Bathrooms
13
Lot
0.21 ac
Current owner
From public records · entity-resolved
617 N Tyler St LLC
Entity
Mailing address
2591 DALLAS PKWY STE #500, FRISCO, TX 75034-8553
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 12, 2017
—
617 N Tyler St LLC
Hudson Bay Busn Organization
Grant Deed
related
—
Jun 15, 2016
—
Hudson Bay Busn Organization
Eoj Busn Trust Organization
Warranty Deed
related
—
Oct 15, 2012
—
E O J Busn Trust Organization
Bielkaso Busn Trust Organizati
Grant Deed
related
—
—
—
617 N Tyler St LLC
—
Deed Of Trust
related
$1,348,528 · Independent Bk
—
—
617 N Tyler St LLC
—
Deed Of Trust
related
$1,348,528 · Independent Bk
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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