Entity Owned 
For Sale
$5,900,000
1204 Powhattan St, Dallas, TX 75215
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Property summary
AI-generated overview
This exceptional industrial property, located at 1204 Powhattan St, Dallas, TX 75215, offers 26,482 square feet of warehouse space in a single-tenant configuration. Situated on a 0.87-acre lot in Dallas County, this warehouse boasts a range of features designed for efficient operation. The high ceilings, measuring 14 feet, provide ample vertical space for storage and operations. Loading and unloading are facilitated by two dock-high doors and three drive-in doors, ensuring smooth logistics. The property is equipped with 3-phase heavy power, catering to the demands of energy-intensive industrial activities. The zoning designation is PD 317. The entire 26,482 square feet is currently vacant, presenting a unique opportunity for a business seeking a substantial and well-equipped warehouse space in a prime Dallas location. This property is perfect for a company needing immediate occupancy in a functional and strategically located warehouse. The property's size and features make it suitable for a variety of industrial uses. The address is easily accessible within the Dallas metropolitan area.
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1951
Construction
TILT-UP CONCRETE
Total area
26,482 SF
Lot
0.87 ac (37,900 SF)
Zoning code
Z239
APN
109687000000
UPID
US82-8474497
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Auto Repair Shop Vehicle Inspection Center
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$980k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.27M
Blend (final)
Blend
$1.13M
Owner & transaction history
since 2019
7 recorded transactions
Zoning & alternative use
Z239 · Dallas, TX
Top alternative use upside
Medical building
$1.8M
+31.8%
Office building
$1.7M
+27.6%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
3 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$1.13M
Value range
$1.01M – $1.24M
±10% around blend
Estimated value / SF
$42 / SF
Confidence
Property data
100
Comparable evidence
60
Income certainty
100
$1.01M
blend $1.13M
$1.24M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
26,482 SF
Lot area
0.87 ac
Year built
1951
Stories
2
APN
109687000000
Zoning
Z239
Assessed value
$1,300,000
Annual tax
$29,832
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$29,832
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$1.27M
Range $771k – $2.07M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.13M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Alternative use screening
Partial preview
Top alternative use
Medical Building
Gross theoretical uplift
+32%
vs current-use indication
Office Building
Warehouse, Storage · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Selected market yield
5.92%
Selected cap rate for this warehouses
Derived from the Dallas market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 5.92%
9.0%
NOI (est.)
$350k *
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$5.90M
Move the market yield to see immediate price impact.
Value / SF
$223
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.42%5.92%6.42%
$315k
$5.80M
$5.31M
$4.90M
$350k
$6.45M
$5.90M
$5.44M
$385k
$7.09M
$6.50M
$5.99M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$29,832
Tax year 2023
Assessed value
$1,300,000
Assessed 2023
Previous assessed
$1,300,000
+0.0% YoY
Effective rate
2.29%
On assessed value
Assessed land
$1,212,800
Assessed improvement
$87,200
Land market value
$1,212,800
Improvement market value
$87,200
Total market value
$1,300,000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
For Sale
Year built
1951
Construction
TILT-UP CONCRETE
Heating
PARTIAL
Cooling
PARTIAL
Stories
2
Units
1
Total area
26,482 SF
Lot
0.87 ac (37,900 SF)
Zoning code
Z239
APN
109687000000
UPID
US82-8474497
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z239 · Dallas, TXZoning Z239 · permitted uses
Z239 · Dallas, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1951
Construction
TILT-UP CONCRETE
Heating
PARTIAL
Cooling
Yes
Stories
2
Units
1
Lot
0.87 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
Z239
Jurisdiction
Dallas, TX
Recorded code
Z239
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Owner identityResolved entity and name variants
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Debt & historyRecorded loans and transaction history
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