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Property profile & analytics
OFF-MARKET
Estimated value
$21,740,000
Apartment buildings
8502 Preston Rd Dallas, TX 75225-3200
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US83-0217072
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2017
Construction
FRAME
Total area
200,792 SF
Lot
2.01 ac (87,643 SF)
Zoning code
Z239
APN
005463000201B0000
UPID
US83-0217072
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
-
FOX Corporate Housing Vacation Rental
-
Oliveda Cosmetic Store
-
Douleur Clothing & Fashion Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$17.49M
Blend (final)
Blend
$21.74M
Owner & transaction history
8600 Preston Rd Investors LLC · 5 yrs held
8600 Preston Rd Investors LLC
since 2020
1 recorded transaction
Zoning & alternative use
Z239 · Dallas, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$28.3M
+177.1%
Restaurant
$28.2M
+176.6%
Auto repair, garage
$23.4M
+129.5%
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
COMMERCIAL (GENERAL)
$28,280,000
Change: +177% · Conversion: Moderate
RESTAURANT
$28,225,000
Change: +177% · Conversion: Difficult
AUTO REPAIR, GARAGE
$23,420,000
Change: +129% · Conversion: Difficult
RETAIL STORES
$21,015,000
Change: +106% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$13,710,000
Change: +34% · Conversion: Difficult
MEDICAL BUILDING
$13,620,000
Change: +33% · Conversion: Moderate
OFFICE BUILDING
$13,325,000
Change: +31% · Conversion: Moderate
Blend value · Realmo final
$21.74M
Range $19.57M – $23.91M · ±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
$108 / 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
$1,192,160
Tax year 2023
Assessed value
$51,950,940
Assessed 2023
Previous assessed
$51,950,940
+0.0% YoY
Effective rate
2.29%
On assessed value
Assessed land
$10,957,500
Assessed improvement
$40,993,440
Land market value
$10,957,500
Improvement market value
$40,993,440
Total market value
$51,950,940
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
2017
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
4
Units
117
Total area
200,792 SF
Lot
2.01 ac (87,643 SF)
Zoning code
Z239
APN
005463000201B0000
UPID
US83-0217072
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
COMMERCIAL (GENERAL)
Est. value
$28.3M
RESTAURANT
Est. value
$28.2M
AUTO REPAIR, GARAGE
Est. value
$23.4M
RETAIL STORES
Est. value
$21.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$13.7M
MEDICAL BUILDING
Est. value
$13.6M
OFFICE BUILDING
Est. value
$13.3M
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
OFFICE 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
2017
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
4
Buildings
2
Units
117
Lot
2.01 ac
Current owner
From public records · entity-resolved
8600 Preston Rd Investors LLC
Entity
Mailing address
10050 REGENCY CIR STE #210, OMAHA, NE 68114-3794
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2020
—
8600 Preston Rd Investors LLC
Preston Hollow Place Prop Owne
Quit Claim Deed
related
$36,300,000 · First Nat'l Bk/omaha
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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