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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Strip malls
949 J Elmer Weaver Fwy, Cedar Hill, TX 75104
Individually Owned
12-yr Hold
~
Est. High Equity
Property ID
US82-6764258
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2016
Construction
TILT-UP CONCRETE
Total area
8,940 SF
Lot
1.17 ac (50,791 SF)
Zoning code
Z31
APN
160365000B02R0000
UPID
US82-6764258
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$540k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$528k
Blend (final)
Blend
$535k
Owner & transaction history
Lot 2r Cedar Hill Point Ltd · 12 yrs held
Lot 2r Cedar Hill Point Ltd
since 2013
4 recorded transactions
Zoning & alternative use
Z31 · Cedar Hill, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$860,000
+103.9%
Medical building
$800,000
+89.7%
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 Cedar Hill submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cedar Hill 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
$540,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$420,000
Current use
RETAIL STORES
$860,000
Change: +104% · Conversion: Easy
MEDICAL BUILDING
$800,000
Change: +90% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$420,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$535k
Range $482k – $589k · ±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
$60 / 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
$45,325
Tax year 2023
Assessed value
$1,950,000
Assessed 2023
Previous assessed
$1,950,000
+0.0% YoY
Effective rate
2.32%
On assessed value
Assessed land
$609,480
Assessed improvement
$1,340,520
Land market value
$609,480
Improvement market value
$1,340,520
Total market value
$1,950,000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2016
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
8,940 SF
Lot
1.17 ac (50,791 SF)
Zoning code
Z31
APN
160365000B02R0000
UPID
US82-6764258
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z31 · Cedar Hill, TX
Zoning Z31 · permitted uses
Z31 · Cedar Hill, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cedar Hill. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$420,000
RETAIL STORES
Est. value
$860,000
MEDICAL BUILDING
Est. value
$800,000
INDUSTRIAL (GENERAL)
Est. value
$420,000
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
MEDICAL BUILDING
INDUSTRIAL (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
2016
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
1.17 ac
Current owner
From public records · entity-resolved
Lot 2r Cedar Hill Point Ltd
Individual
Mailing address
3102 MAPLE AVE STE #500, DALLAS, TX 75201-1262
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 17, 2025
—
Lot 2r Cedar Hill Point Ltd
—
Deed
related
$2,424,500 · First National Bank And Trust Co Of Mcal
Dec 21, 2020
—
Lot 2r Cedar Hill Point Ltd
—
Deed
related
$2,424,500 · First National Bank & Trust Co
Nov 20, 2013
—
Lot 2r Cedar Hill Point Ltd
Wells Fargo Bk NA
Grant Deed
—
Apr 5, 2005
—
Wachovia Bank NA
Pleasant Run & 67 Ltd
Grant Deed
related
—
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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