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Property profile & analytics
OFF-MARKET
Estimated value
$580,000
Retail space
11331 Lk June Rd, Balch Springs, TX 75180-1221
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US82-0492060
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2006
Construction
TILT-UP CONCRETE
Total area
6,592 SF
Lot
0.85 ac (36,821 SF)
Zoning code
Z35
APN
60040500000170000
UPID
US82-0492060
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
$375k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$786k
Blend (final)
Blend
$580k
Owner & transaction history
Krmn Group LLC · 14 yrs held
Krmn Group LLC
since 2011
7 recorded transactions
Zoning & alternative use
Z35 · Balch Springs, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$820,000
+47.5%
Office building
$650,000
+16.5%
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 Balch Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Balch Springs 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
$375,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$555,000
Current use
AUTO REPAIR, GARAGE
$820,000
Change: +47% · Conversion: Difficult
OFFICE BUILDING
$650,000
Change: +17% · Conversion: Easy
MEDICAL BUILDING
$525,000
Change: -5% · Conversion: Difficult
WAREHOUSE, STORAGE
$515,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$580k
Range $522k – $638k · ±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
$88 / 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
$26,066
Tax year 2023
Assessed value
$1,107,450
Assessed 2023
Previous assessed
$1,107,450
+0.0% YoY
Effective rate
2.35%
On assessed value
Assessed land
$128,870
Assessed improvement
$978,580
Land market value
$128,870
Improvement market value
$978,580
Total market value
$1,107,450
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2006
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Total area
6,592 SF
Lot
0.85 ac (36,821 SF)
Zoning code
Z35
APN
60040500000170000
UPID
US82-0492060
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z35 · Balch Springs, TX
Zoning Z35 · permitted uses
Z35 · Balch Springs, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Balch Springs. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$555,000
AUTO REPAIR, GARAGE
Est. value
$820,000
OFFICE BUILDING
Est. value
$650,000
MEDICAL BUILDING
Est. value
$525,000
WAREHOUSE, STORAGE
Est. value
$515,000
RETAIL STORES Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
2006
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
0.85 ac
Current owner
From public records · entity-resolved
Krmn Group LLC
Entity
Mailing address
1006 COTTONTAIL LN, EULESS, TX 76039-1555
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 24, 2020
—
Krmn Group LLC
—
Deed
related
$1,112,600 · Wallis Bk
Aug 22, 2011
—
Krmn Group LLC
Sandhia Management Co LLC
Grant Deed
$200,000 · Zquadrant LLC
Sep 27, 2007
—
Sandhia Management Co LLC
Bkm Capital Ltd
Grant Deed
$1,880,000 · Nara Bank
Sep 19, 2006
—
Bkm Capital Ltd
Makan,hushmukh
Grant Deed
related
$951,000 · Millennium State Bank Tx
—
—
Krmn Group LLC
—
Deed Of Trust
related
$890,000 · Wallis State Bank
—
—
Krmn Group LLC
—
Deed Of Trust
related
—
—
—
Krmn Group LLC
—
Deed Of Trust
related
$1,112,600 · Wallis Bk
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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