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Property profile & analytics
OFF-MARKET
Estimated value
$11,865,000
Office buildings
900 Bethany Dr Allen, TX 75013-3827
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US83-1182893
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2017
Total area
126,690 SF
Lot
1.83 ac (79,497 SF)
Zoning code
CO-COMMERCIAL
APN
R-4052-00A-02R6-1
UPID
US83-1182893
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
-
Allen Economic Development Corporation Social Service Agency
-
One Bethany at Watters Creek Business Service Center Corporate Office
-
Stelzon Anaya - Thrivent Financial Advisor
-
Noah Hill - Thrivent Financial Advisor
-
Greg Welsh - Thrivent Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.64M
Blend (final)
Blend
$11.87M
Owner & transaction history
Sherri Winters · 2 yrs held
Sherri Winters
since 2023
6 recorded transactions
Zoning & alternative use
CO-COMMERCIAL · Allen, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$13.4M
+79.5%
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 Allen submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Allen 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
OFFICE BUILDING
$7,490,000
Current use
COMMERCIAL (GENERAL)
$13,440,000
Change: +80% · Conversion: Easy
Blend value · Realmo final
$11.87M
Range $10.68M – $13.05M · ±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
$94 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$631,326
Tax year 2022
Assessed value
$33,897,556
Assessed 2023
Previous assessed
$31,800,600
+6.6% YoY
Effective rate
1.86%
On assessed value
Assessed land
$1,033,461
Assessed improvement
$32,864,095
Land market value
$1,033,461
Improvement market value
$32,864,095
Total market value
$33,897,556
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2017
Heating
NONE
Stories
2
Total area
126,690 SF
Lot
1.83 ac (79,497 SF)
Zoning code
CO-COMMERCIAL
APN
R-4052-00A-02R6-1
UPID
US83-1182893
Jurisdiction
COLLIN
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
CO-COMMERCIAL · Allen, TX
Zoning CO-COMMERCIAL · permitted uses
CO-COMMERCIAL · Allen, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Allen. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$7.5M
COMMERCIAL (GENERAL)
Est. value
$13.4M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
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
Heating
NONE
Stories
2
Lot
1.83 ac
Current owner
From public records · entity-resolved
Sherri Winters
Individual
Mailing address
900 W BETHANY DR STE #110, ALLEN, TX 75013-3838
Mailing matches property
Yes
Owner-occupied
Yes
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2023
—
Sherri Winters
—
Deed
related
$60,001 · Credit Union Of Texas
Dec 4, 2020
—
Blue Penny Claims LLC
—
Deed
related
$900,000 · Old Family Trust
Feb 12, 2019
—
One Bethany Dev Partners LP
—
Deed
related
$3,088,027 · Frost Bk
—
—
One Bethany Dev Partners LP
—
Deed Of Trust
related
$3,088,027 · Frost Bk
—
—
Cope Homes LLC
—
Deed Of Trust
related
$400,000 · Cen Lu
—
—
Blue Penny Claims LLC
—
Deed Of Trust
related
$900,000 · Old Family Trust
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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