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Property profile & analytics
OFF-MARKET
Estimated value
$640,000
Apartment buildings
724 Ann Ave Dallas, TX 75223-2663
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US83-3545499
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1971
Construction
FRAME
Total area
9,224 SF
Lot
0.31 ac (13,400 SF)
Zoning code
Z46
APN
140450000000
UPID
US83-3545499
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
$400k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$875k
Blend (final)
Blend
$640k
Owner & transaction history
724 & 809 Ann Apartments LLC · 8 yrs held
724 & 809 Ann Apartments LLC
since 2018
7 recorded transactions
Zoning & alternative use
Z46 · Dallas, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$940,000
+19.2%
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
$400,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$790,000
Current use
WAREHOUSE, STORAGE
$940,000
Change: +19% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$680,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$640k
Range $576k – $704k · ±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
$69 / 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
$21,418
Tax year 2023
Assessed value
$933,330
Assessed 2023
Previous assessed
$933,330
+0.0% YoY
Effective rate
2.29%
On assessed value
Assessed land
$134,000
Assessed improvement
$799,330
Land market value
$134,000
Improvement market value
$799,330
Total market value
$933,330
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
1971
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
12
Bathrooms
1
Total area
9,224 SF
Lot
0.31 ac (13,400 SF)
Zoning code
Z46
APN
140450000000
UPID
US83-3545499
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z46 · Dallas, TX
Zoning Z46 · permitted uses
Z46 · 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
$790,000
WAREHOUSE, STORAGE
Est. value
$940,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$680,000
APARTMENT HOUSE (5+ UNITS) Current
WAREHOUSE, STORAGE
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
1971
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
12
Bathrooms
1
Lot
0.31 ac
Current owner
From public records · entity-resolved
724 & 809 Ann Apartments LLC
Entity
Mailing address
805 E RIVERWOOD RD APT #4, DALLAS, TX 75217-6400
Ownership since
2018
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
Feb 28, 2018
—
724 & 809 Ann Apartments LLC
Stewardship Properties LLC
Warranty Deed
$1,882,000 · Arbor Agcy Lndg LLC
Sep 6, 2011
—
Stewardship Properties LLC
City Natl Bk
Grant Deed
$250,000 · Pamela J Perryman
May 6, 2008
$350,000
Imperial Capital Bank
Meyer Scott R
Trustees Deed
related
—
Jul 13, 2005
—
Chris A Hansen
Ambjornsen
Warranty Deed
$664,000 · Lasalle National Bank
—
—
Stewardship Properties LLC
—
Deed Of Trust
related
$150,000 · Amy Seery
—
—
Stewardship Properties LLC
—
Deed Of Trust
related
$100,000 · Amy Seery
—
—
Stewardship Properties LLC
—
Deed Of Trust
related
$305,000 · Lawrence Capital LLC
—
—
Stewardship Properties LLC
—
Deed Of Trust
related
$100,000 · Sullivan Debra A Trust (pt)
—
—
Stewardship Properties LLC
—
Deed Of Trust
related
$450,000 · Jesse Seery
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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