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Property profile & analytics
FOR SALE
Individual retail properties
703 Mckinney Ave Dallas, TX 75202
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US82-0792078
For Sale
$1,595,000
703 Mckinney Ave, Dallas, TX 75202
View Listing →
Property profile
Verified
Property type
Individual retail properties
Use group
GYM, HEALTH SPA
Year built
1986
Construction
TILT-UP CONCRETE
Total area
121,652 SF
Lot
3.61 ac (157,121 SF)
Zoning code
Z239
APN
000405000101A0000
UPID
US82-0792078
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
-
703 McKinney Ave Parking Parking Lot & Garage
-
Frank Welch Associates Architect
-
Zouk Nightclub DJ & Entertainment
-
Next Decade, Inc. (Bike/Boat/Book/etc) Store Corporate Office
-
American Physician House Calls Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.13M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.06M
Blend (final)
Blend
$1.60M
Owner & transaction history
Victory Brewery 2013 LP · 12 yrs held
Victory Brewery 2013 LP
since 2013
7 recorded transactions
Zoning & alternative use
Z239 · 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
Method
Estimation
Statistic approach
by Request
ML approach
$1,125,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
GYM, HEALTH SPA
$2,635,000
Current use
Blend value · Realmo final
$1.60M
Range $1.44M – $1.75M · ±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
$13 / 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
$324,722
Tax year 2023
Assessed value
$14,150,440
Assessed 2023
Previous assessed
$14,150,440
+0.0% YoY
Effective rate
2.29%
On assessed value
Assessed land
$14,140,440
Assessed improvement
$10,000
Land market value
$14,140,440
Improvement market value
$10,000
Total market value
$14,150,440
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
Individual retail properties
Use group
GYM, HEALTH SPA
Status
For Sale
Year built
1986
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
4
Total area
121,652 SF
Lot
3.61 ac (157,121 SF)
Zoning code
Z239
APN
000405000101A0000
UPID
US82-0792078
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
GYM, HEALTH SPA Current
Est. value
$2.6M
GYM, HEALTH SPA Current
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
1986
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
4
Buildings
2
Lot
3.61 ac
Current owner
From public records · entity-resolved
Victory Brewery 2013 LP
Entity
Mailing address
10210 N CENTRAL EXPY STE #300, DALLAS, TX 75231-3470
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 28, 2017
—
Victory Brewery 2013 LP
—
Deed
related
—
Mar 2, 2017
—
Victory Brewery 2013 LP
—
Deed
related
$8,240,000 · Compass Bk
Dec 18, 2013
—
Victory Brewery 2013 LP
703 Mckinney LP
Grant Deed
$8,564,000 · Compass Bk
—
—
703 Mckinney LP
—
Deed Of Trust
related
$150,000 · Frost Bank
—
—
703 Mckinney LP
—
Deed Of Trust
related
$150,000 · Frost National Bank
—
—
Victory Brewery 2013 LP
—
Loan Modification
related
$8,240,000 · Compass Bk
—
—
Victory Brewery 2013 LP
—
Deed Of Trust
related
—
—
—
703 Mckinney LP
—
Deed Of Trust
related
$1,055,000 · Frost National Bank
—
—
703 Mckinney LP
—
Deed Of Trust
related
$1,500,000 · Frost National Bank
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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