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Property profile & analytics
OFF-MARKET
Estimated value
$1,175,000
Office buildings
11482 Luna Rd Farmers Branch, TX 75234-9420
Entity Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-2678358
Property summary
AI-generated overview
Westwood Business Park, located at 11482 & 11488 Luna Road in Farmers Branch, Texas, 75234, offers exceptional warehouse space in Dallas County. This industrial property comprises a 227,077 square foot multi-tenant business park situated at the corner of Royal Lane and Luna Road, providing convenient access to major transportation arteries, including I-635 and I-35E. The park's strategic location also ensures proximity to executive housing, making it an attractive option for businesses seeking a blend of accessibility and a desirable employee commute. Currently, there are multiple warehouse spaces available, with a minimum divisible space of 5,511 square feet and a maximum contiguous space of 11,033 square feet. A total of 31,953 square feet is currently vacant. The buildings boast attractive features including ceiling heights ranging from 12 to 16 feet and floor-to-ceiling windows that allow for ample natural light. This well-maintained business park presents a compelling opportunity for businesses seeking high-quality warehouse space in a prime Dallas County location. The property consists of twelve buildings in total.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1981
Construction
TILT-UP CONCRETE
Total area
21,120 SF
Lot
1.88 ac (81,893 SF)
Zoning code
Z236
APN
24109650000000000
UPID
US82-2678358
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
$895k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.45M
Blend (final)
Blend
$1.18M
Owner & transaction history
Par Capital-westwood LLC · 11 yrs held
Par Capital-westwood LLC
since 2014
3 recorded transactions
Zoning & alternative use
Z236 · Farmers Branch, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.9M
+12.6%
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 Farmers Branch submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Farmers Branch 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
$895,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,680,000
Current use
MEDICAL BUILDING
$1,890,000
Change: +13% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,460,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$1.18M
Range $1.06M – $1.29M · ±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
$56 / 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
$45,006
Tax year 2023
Assessed value
$2,145,350
Assessed 2023
Previous assessed
$2,145,350
+0.0% YoY
Effective rate
2.10%
On assessed value
Assessed land
$777,980
Assessed improvement
$1,367,370
Land market value
$777,980
Improvement market value
$1,367,370
Total market value
$2,145,350
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1981
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Total area
21,120 SF
Lot
1.88 ac (81,893 SF)
Zoning code
Z236
APN
24109650000000000
UPID
US82-2678358
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z236 · Farmers Branch, TX
Zoning Z236 · permitted uses
Z236 · Farmers Branch, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Farmers Branch. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$1.9M
COMMERCIAL (GENERAL)
Est. value
$1.5M
OFFICE BUILDING Current
MEDICAL BUILDING
COMMERCIAL (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
1981
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Lot
1.88 ac
Current owner
From public records · entity-resolved
Par Capital-westwood LLC
Entity
Mailing address
3333 WELBORN ST #260, DALLAS, TX 75219-5104
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 12, 2026
—
Physis Group LLC
—
Deed
related
$2,900,000 · Frost Bank
Aug 25, 2014
—
Par Capital-westwood LLC
Westwood Business Park Ltd
Quit Claim Deed
related
$10,235,000 · Inwood Nat'l Bk
—
—
Westwood Business Park Ltd
—
Deed Of Trust
related
$6,700,000 · Aviva Life & Annuity Co
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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