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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Showrooms
900 Dragon St Dallas, TX 75207-4204
Entity Owned
2-yr Hold
Free & Clear
Property ID
US82-4609970
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1953
Construction
TILT-UP CONCRETE
Total area
7,340 SF
Lot
0.31 ac (13,320 SF)
Zoning code
Z239
APN
108778000100
UPID
US82-4609970
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
-
Mantas Michael MD Physician
-
Milton & King (Bike/Boat/Book/etc) Store Hardware & Home Improvement
-
Kitcanvas Indoor, Outdoor And Acoustic Canvas Art Home Decor Store Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$480k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$597k
Blend (final)
Blend
$540k
Owner & transaction history
Pnyx Limited Partnership · 2 yrs held
Pnyx Limited Partnership
since 2024
2 recorded transactions
Zoning & alternative use
Z239 · Dallas, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$855,000
+82.7%
Retail stores
$770,000
+64.0%
Industrial (general)
$535,000
+13.7%
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
$480,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$470,000
Current use
AUTO REPAIR, GARAGE
$855,000
Change: +83% · Conversion: Difficult
RETAIL STORES
$770,000
Change: +64% · Conversion: Easy
INDUSTRIAL (GENERAL)
$535,000
Change: +14% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$520,000
Change: +11% · Conversion: Difficult
MEDICAL BUILDING
$500,000
Change: +6% · Conversion: Easy
OFFICE BUILDING
$485,000
Change: +4% · Conversion: Easy
Blend value · Realmo final
$540k
Range $486k – $594k · ±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
$74 / 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
$26,909
Tax year 2023
Assessed value
$1,172,600
Assessed 2023
Previous assessed
$1,172,600
+0.0% YoY
Effective rate
2.29%
On assessed value
Assessed land
$466,200
Assessed improvement
$706,400
Land market value
$466,200
Improvement market value
$706,400
Total market value
$1,172,600
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1953
Construction
TILT-UP CONCRETE
Heating
PARTIAL
Cooling
PARTIAL
Buildings
2
Stories
1
Total area
7,340 SF
Lot
0.31 ac (13,320 SF)
Zoning code
Z239
APN
108778000100
UPID
US82-4609970
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) Current
Est. value
$470,000
AUTO REPAIR, GARAGE
Est. value
$855,000
RETAIL STORES
Est. value
$770,000
INDUSTRIAL (GENERAL)
Est. value
$535,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$520,000
MEDICAL BUILDING
Est. value
$500,000
OFFICE BUILDING
Est. value
$485,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RETAIL STORES
INDUSTRIAL (GENERAL)
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
1953
Construction
TILT-UP CONCRETE
Heating
PARTIAL
Cooling
Yes
Stories
1
Buildings
2
Lot
0.31 ac
Current owner
From public records · entity-resolved
Pnyx Limited Partnership
Entity
Free & Clear · 2 yrs held
Mailing address
PO BOX 191345, DALLAS, TX 75219-8345
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 11, 2024
—
Pnyx Limited Partnership
Adelphi Group Ltd
Special Warranty Deed
—
Jun 26, 2015
—
Adelphi Group Ltd
Carmen Massoud Family Ptshp I
Grant Deed
$945,000 · Carmen Massoud Fam Ptshp I Ltd
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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