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Property profile & analytics
FOR SALE
Hotels
8703 E R L Thornton Fwy Dallas, TX 75228
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US82-3602261
For Sale
1 / 12
$9,600,000
8703 E R L Thornton Fwy, Dallas, TX 75228
View Listing →
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2008
Construction
FRAME
Total area
57,795 SF
Lot
2.05 ac (89,429 SF)
Zoning code
Z248
APN
008474000F0020000
UPID
US82-3602261
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
-
cotton bowl Gym & Fitness Center
-
Holiday Inn Express & Suites Dallas East - Fair Park, an IHG Hotel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$670k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$948k
Blend (final)
Blend
$810k
Owner & transaction history
Sw Real Estate LLC · 2 yrs held
Sw Real Estate LLC
since 2023
7 recorded transactions
Zoning & alternative use
Z248 · 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
$670,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$1,230,000
Current use
Blend value · Realmo final
$810k
Range $729k – $891k · ±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
$14 / 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
$105,560
Tax year 2023
Assessed value
$4,600,000
Assessed 2023
Previous assessed
$4,600,000
+0.0% YoY
Effective rate
2.29%
On assessed value
Assessed land
$894,290
Assessed improvement
$3,705,710
Land market value
$894,290
Improvement market value
$3,705,710
Total market value
$4,600,000
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
Hotels
Use group
HOTEL
Status
For Sale
Year built
2008
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
4
Units
87
Total area
57,795 SF
Lot
2.05 ac (89,429 SF)
Zoning code
Z248
APN
008474000F0020000
UPID
US82-3602261
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z248 · Dallas, TX
Zoning Z248 · permitted uses
Z248 · 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
HOTEL/MOTEL Current
Est. value
$1.2M
HOTEL/MOTEL 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
2008
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
4
Buildings
2
Units
87
Lot
2.05 ac
Current owner
From public records · entity-resolved
Sw Real Estate LLC
Entity
Mailing address
8703 E R L THORNTON FWY DALLAS
Ownership since
2023
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
Nov 3, 2023
—
Sw Real Estate LLC
Nilkhantvarni LLC
Venders Lien
$2,555,000 · Open Bank
Aug 10, 2018
—
Nilkhantvarni LLC
—
Deed
related
$6,337,203 · Wilmington Tr N #2014-c22 (ce)
Apr 8, 2014
—
Nilkhantvarni LLC
—
Trustees Deed
related
$30,000 · Property Tax Lndg
Jan 8, 2008
—
Nilkhantvarni LLC
Buckner International
Grant Deed
related
—
—
—
Nilkhantvarni LLC
—
Deed Of Trust
related
$600,000 · Cathay Bk
—
—
Nilkhantvarni LLC
—
Deed Of Trust
related
$5,300,000 · Cathay Bank
—
—
Nilkhantvarni LLC
—
Deed Of Trust
related
$76,595 · Property Tax Lending LP
—
—
Nilkhavntvarni LLC
—
Deed Of Trust
related
$293,000 · Sagestar Family LLC
—
—
Nilkhantvarni LLC
—
Deed Of Trust
related
$61,922 · Property Tax Lending LP
—
—
Nilkhantvarni LLC
—
Loan Modification
related
$6,337,203 · Wilmington Tr N #2014-c22 (ce)
—
—
Nilkhantvarni LLC
—
Deed Of Trust
related
$121,731 · Property Tax Lending LP
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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