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Property profile & analytics
FOR LEASE
Parking lots & garages
8235 Douglas Ave Dallas, TX 75225
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US82-4559501
For Lease
1 / 2
$55 SF/Yr
8235 Douglas Ave, Dallas, TX 75225
View Listing →
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
1980
Construction
FRAME
Total area
168,090 SF
Lot
1.75 ac (76,404 SF)
Zoning code
Z239
APN
422681000000
UPID
US82-4559501
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
-
Fred L. Griffin, MD, PA Physician
-
Carlock & Gormley Law Firm
-
Askew & Associates PC Law Firm
-
Karen T. Askew Law Firm
-
Edward Jones - Financial Advisor: Mason E Tenery, CFP®|AAMS™ Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$975k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.24M
Blend (final)
Blend
$1.11M
Owner & transaction history
2912 Inwood Partners LLC · 4 yrs held
2912 Inwood Partners LLC
since 2022
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
$975,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
PARKING LOT
$930,000
Current use
Blend value · Realmo final
$1.11M
Range $995k – $1.22M · ±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
$7 / 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
$1,094,431
Tax year 2023
Assessed value
$50,350,000
Assessed 2023
Previous assessed
$50,350,000
+0.0% YoY
Effective rate
2.17%
On assessed value
Assessed land
$11,460,750
Assessed improvement
$38,889,250
Land market value
$11,460,750
Improvement market value
$38,889,250
Total market value
$50,350,000
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
For Lease
Year built
1980
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
6
Total area
168,090 SF
Lot
1.75 ac (76,404 SF)
Zoning code
Z239
APN
422681000000
UPID
US82-4559501
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
PARKING LOT Current
Est. value
$930,000
PARKING LOT 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
1980
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
6
Buildings
2
Lot
1.75 ac
Current owner
From public records · entity-resolved
2912 Inwood Partners LLC
Entity
Mailing address
5601 SR DIRECTOR OF ACCT PKWY STE #1200, PLANO, TX 75024
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 15, 2022
—
2912 Inwood Partners LLC
Alder Rialto LLC
Special Warranty Deed
$10,000 · Western United Life Assurance Compa
Mar 30, 2020
—
Gpi-douglas LP
—
Deed
related
$120,000,000 · Miscellaneous Ins Co
May 1, 2017
—
Gpi-douglas LP
Dip Spv Co 4 LLC
Quit Claim Deed
related
—
Dec 10, 2013
—
Dip Spv Co 4 LLC
Rmc Douglas LP
Grant Deed
related
—
Aug 10, 2005
—
Douglas Rmc
5900 Luther Lane Ltd
Deed Of Trust
related
$24,825,000 · Amegy Bank NA
—
—
Dip Spv Co 4 LLC
—
Deed Of Trust
related
$4,817,553 · Wells Fargo Bk
—
—
Dip Spv Co 4 LLC
—
Loan Modification
related
$29,300,000 · Wells Fargo Bk
—
—
Douglas Rmc
—
Deed Of Trust
related
$3,000,000 · Amegy Bank NA
—
—
Dip Spv Co 4 LLC
—
Deed Of Trust
related
$29,300,000 · General Elec Cap
—
—
Douglas Rmc
—
Deed Of Trust
related
$25,300,000 · General Electric Capital Corp
—
—
Gpi-douglas LP
—
Deed Of Trust
related
$120,000,000 · Miscellaneous Ins Co
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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