Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    11231 Alvin St Dallas, TX 75218-2667

    • Warehouses
    • 5,150 SF
    • 0.77 lot acres
    OFF-MARKET
    Value Estimations
    $250,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3928636
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • 4 Heaven Sakes Learning Center / Day Care Center
    • Each Child Matters Daycare / Day Care Center

    Property Details for 11231 Alvin St

    Year built
    1987
    Construction
    STEEL FRAME
    Lot size
    0.77 lot acres
    Property size
    5,150 SF
    Zone code
    Z59
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    536100000030000
    APU
    536100000030000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $290,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $213,000
      Market price range: $144k - $381k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $290,000
      Current use
      RETAIL STORES
      $480,000
      Change: +66% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $460,000
      Change: +59% Conversion: Moderate
      MEDICAL BUILDING
      $350,000
      Change: +20% Conversion: Difficult
      OFFICE BUILDING
      $340,000
      Change: +18% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.684
    Latitude
    32.8466
    CBSA code
    19100
    CBSA name
    DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $6,775
    $167,640
    $127,600
    $295,240
    -
    $167,640
    $127,600
    $295,240

    Comparable in this City

    • Value Estimation
      $1,045,000
      107,265 SF

      12110 Garland Rd

      MINI-WAREHOUSE, STORAGE • 107,265 SF
      12110 Garland Rd, Dallas, TX 75218-1533
      View Details
    • Value Estimation by Request
      14,000 SF

      10025 Garland Rd

      MINI-WAREHOUSE, STORAGE • 14,000 SF
      10025 Garland Rd, Dallas, TX 75218-2970
      View Details
    • Value Estimation
      $365,000
      5,700 SF

      11229 Alvin St

      MINI-WAREHOUSE, STORAGE • 5,700 SF
      11229 Alvin St, Dallas, TX 75218-2606
      View Details
    • Value Estimation
      $180,000
      900 SF

      441 Lawther Dr

      MINI-WAREHOUSE, STORAGE • 900 SF
      441 Lawther Dr, Dallas, TX 75218
      View Details
    • Value Estimation
      $885,000
      70,120 SF

      10740 Garland Rd

      MINI-WAREHOUSE, STORAGE • 70,120 SF
      10740 Garland Rd, Dallas, TX 75218-2607
      View Details
    • Value Estimation
      $535,000
      19,170 SF

      11038 Alvin St

      MINI-WAREHOUSE, STORAGE • 19,170 SF
      11038 Alvin St, Dallas, TX 75218-2601
      View Details

    Similar Nearby for Sale

    • $2,100,000
      0.73 Acres

      Dallas Flex Space: 16,250 SF

      Prime Dallas location, redevelopment opportunity. High-traffic area.
      1150 Fuller Dr, Dallas, TX 75218
      View Details
    • $525,000

      Land Available for Sale

      Land available for sale at 9002 Santa Clara Dr.
      9002 Santa Clara Dr, Dallas, TX 75218
      View Details
    • $3,200,000
      11,638 SF

      Dallas Auto Shop Investment Opportunity

      High-Cap Rate Auto Restoration Business
      11424 Garland Rd, Dallas, TX 75218
      View Details
    • $15,945,000
      140,883 SF

      Dallas Sam's Club Investment Opportunity

      140,883 SF Sam's Club on 11.77 acres for sale.
      5555 S Buckner Blvd, Dallas, TX 75218
      View Details
    • $1,799,000
      0.51 Acres

      Prime Retail Location in Dallas

      Retail building with endless possibilities in a convenient Dallas location.
      11609 E Northwest Hwy, Dallas, TX 75218
      View Details
    • $650,000
      0.46 Acres

      Residential Land in Dallas, TX

      Residential land for sale in Dallas, Texas, being sold for lot value.
      8546 San Benito Way, Dallas, TX 75218
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,872 SF

      Industrial Warehouse Space Available

      5,872 SF warehouse space for lease in Dallas.
      714 S Jupiter Rd, Dallas, TX 75218
      View Details
    • Contact for pricing
      24,302 SF

      West Dallas Medical Office Space

      Prime Dallas medical office suites available.
      9330 Poppy Dr, Dallas, TX 75218
      View Details
    • Contact for pricing
      6,000 SF

      Casa Linda Plaza Retail Space

      Historic Dallas shopping center with retail and dining options.
      9440 Garland Rd, Dallas, TX 75218
      View Details
    • Contact for pricing
      4,800 SF

      Retail Space in Shopping Center

      Retail space available in a diverse shopping center.
      11411 Northwest Hwy, Dallas, TX 75218
      View Details
    • Contact for pricing
      274,822 SF

      Dallas Retail Center - Whiterock Marketplace

      Prime Dallas retail space, multiple suites available.
      11255 Garland Rd, Dallas, TX 75218
      View Details
    • Contact for pricing
      274,822 SF

      Whiterock Marketplace Retail Space

      High-traffic retail space, Dallas County. Multiple suites available.
      11255 Garland Rd, Dallas, TX 75218
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    11231 Alvin St
    Dallas, TX 75218-2667
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.