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Property profile & analytics
FOR LEASE
Strip malls
6243 Retail Rd Dallas, TX 75231
Entity Owned
9-yr Hold
Free & Clear
Property ID
US82-3773490
For Lease
1 / 6
$1,065,000
6243 Retail Rd, Dallas, TX 75231
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2011
Construction
TILT-UP CONCRETE
Total area
24,389 SF
Lot
2.15 ac (93,523 SF)
Zoning code
Z239
APN
005414000E0030000
UPID
US82-3773490
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
-
Dr. Sodam Lee Dental Office
-
Hootan Firouzmandi Alternative Medicine Practice
-
Accident & Injury Chiropractic Dallas Central Alternative Medicine Practice
-
95 Nail Boutique Nail Salon
-
Swayden Chris DDS Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$645k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.49M
Blend (final)
Blend
$1.07M
Owner & transaction history
Timber Creek Owner LP · 9 yrs held
Timber Creek Owner LP
since 2017
5 recorded transactions
Zoning & alternative use
Z239 · Dallas, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.7M
+59.3%
Commercial (general)
$1.5M
+38.3%
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
$645,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,080,000
Current use
RETAIL STORES
$1,715,000
Change: +59% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,490,000
Change: +38% · Conversion: Easy
WAREHOUSE, STORAGE
$970,000
Change: -10% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$965,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$1.07M
Range $959k – $1.17M · ±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
$168,093
Tax year 2023
Assessed value
$7,325,000
Assessed 2023
Previous assessed
$7,325,000
+0.0% YoY
Effective rate
2.29%
On assessed value
Assessed land
$1,402,850
Assessed improvement
$5,922,150
Land market value
$1,402,850
Improvement market value
$5,922,150
Total market value
$7,325,000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
2011
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
24,389 SF
Lot
2.15 ac (93,523 SF)
Zoning code
Z239
APN
005414000E0030000
UPID
US82-3773490
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 Current
Est. value
$1.1M
RETAIL STORES
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$1.5M
WAREHOUSE, STORAGE
Est. value
$970,000
INDUSTRIAL (GENERAL)
Est. value
$965,000
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
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
2011
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
2.15 ac
Current owner
From public records · entity-resolved
Timber Creek Owner LP
Entity
Free & Clear · 9 yrs held
Mailing address
PO BOX 840362, DALLAS, TX 75284-0362
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
Mar 9, 2017
—
Timber Creek Owner LP
—
Grant Deed
related
$55,000,000 · Miscellaneous Ins Co
Jan 12, 2017
—
Timber Creek Owner LP
Bre Rc Timber Creek Tx LP
Quit Claim Deed
related
—
May 26, 2016
—
Bre Rc Timber Creek Tx LP
Rc Timber Creek Riocan LP
Quit Claim Deed
related
$740,000,000 · Wells Fargo Bk
Nov 23, 2011
—
Rc Timber Creek Dunhill LP
Tc Timbercreek Associates LP
Grant Deed
$45,000,000 · Northwestern Mutual Life Ins
Dec 16, 2005
—
Tc Timbercreek Assc
Owner Name Unavailable
Grant Deed
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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