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

    1228 Rock Is St Dallas, TX 75207-4705

    • Warehouses
    • 16,677 SF
    • 0.52 lot acres
    OFF-MARKET
    Value Estimations
    $635,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-3208162
    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

    • Frequency SoundLab Studios / Recording Studio
    • FREQUENCY EMPIRE / Theater & Performing Art Venue / Music Venue
    • The Shop & Studio / Recording Studio
    • STUDIO 214 / Recording Studio
    • MAD MAX Studio / Recording Studio

    Property Details for 1228 Rock Is St

    Year built
    1947
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.52 lot acres
    Property size
    16,677 SF
    Zone code
    Z239
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    721987000000
    APU
    721987000000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $635,000
      Market price range: $635k - $1.20M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $870,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.8012
    Latitude
    32.7629
    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
    $5,811
    $0.00
    $0.00
    $320,000
    -
    $0.00
    $0.00
    $320,000

    Comparable in this City

    • Value Estimation
      $1,930,000
      23,484 SF

      2121 Irving Blvd

      MINI-WAREHOUSE, STORAGE • 23,484 SF
      2121 Irving Blvd, Dallas, TX 75207-6503
      View Details
    • Value Estimation
      $1,575,000
      33,159 SF

      180 Oak Lawn Ave

      MINI-WAREHOUSE, STORAGE • 33,159 SF
      180 Oak Lawn Ave, Dallas, TX 75207-6912
      View Details
    • Value Estimation
      $1,540,000
      43,000 SF

      1300 Wycliff Ave

      MINI-WAREHOUSE, STORAGE • 43,000 SF
      1300 Wycliff Ave, Dallas, TX 75207-6208
      View Details
    • Value Estimation
      $2,215,000
      48,972 SF

      1130 Quaker St

      MINI-WAREHOUSE, STORAGE • 48,972 SF
      1130 Quaker St, Dallas, TX 75207-5604
      View Details
    • Value Estimation
      $2,045,000
      58,934 SF

      1188 Quaker St

      MINI-WAREHOUSE, STORAGE • 58,934 SF
      1188 Quaker St, Dallas, TX 75207-5604
      View Details
    • Value Estimation by Request
      4,000 SF

      1321 Chemical St

      MINI-WAREHOUSE, STORAGE • 4,000 SF
      1321 Chemical St, Dallas, TX 75207-5901
      View Details

    Similar Nearby for Sale

    • $895,000
      3,337 SF

      Dallas Design District Warehouse

      3,337 SF Flex Space, $895,000
      4770 Iberia Ave, Dallas, TX 75207
      View Details
    • Contact for pricing
      10,400 SF

      Dallas Warehouse: 10,400 SF

      Multi-tenant industrial warehouse in Dallas.
      2233 Valdina St, Dallas, TX 75207
      View Details
    • Contact for pricing
      44,000 SF

      Industrial Warehouse with Mezzanine

      44,000 SF warehouse with 10,000 SF mezzanine for sale.
      100 Riveredge Dr, Dallas, TX 75207
      View Details
    • Contact for pricing
      2,900 SF

      Updated Flex Space with HVAC

      Duplex flex space featuring dock high loading and parking.
      2273 Vantage St, Dallas, TX 75207
      View Details
    • Contact for pricing
      98,959 SF

      Dallas Warehouse Space Available

      98,959 sqft warehouse space for sale in Dallas, TX.
      1212 Dolton Dr, Dallas, TX 75207
      View Details
    • Contact for pricing
      76,000 SF

      Dallas Design District Warehouse

      76,000 SF Warehouse, prime location
      170 Pittsburg St, Dallas, TX 75207
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      17,408 SF

      Dallas Warehouse Space Available

      Warehouse space for lease in the South Stemmons Corridor.
      1174-1188 Quaker St, Dallas, TX 75207
      View Details
    • Contact for pricing
      6,300 SF

      Warehouse Space Available For Lease

      6,300 square foot warehouse space available for lease.
      1228 Rock Island St, Dallas, TX 75207
      View Details
    • Contact for pricing
      36,160 SF

      Design District Warehouse Opportunity

      Warehouse with freeway access, cross-docking, and yard space.
      2254 Valdina St, Dallas, TX 75207
      View Details
    • Contact for pricing
      7,990 SF

      Industrial Space in Dallas Design

      Contiguous warehouse space available in Dallas Design District, January 2024.
      1303-1323 Medical District Dr, Dallas, TX 75207
      View Details
    • Contact for pricing
      5,600 SF

      Warehouse Space Available For Lease

      5,600 square foot warehouse space available for lease.
      1223 South Riverfront Blvd, Dallas, TX 75207
      View Details
    • Contact for pricing
      25,000 SF

      Dallas Warehouse/Flex Space - 25,000 SF

      Versatile Dallas space, multiple uses, ample parking.
      175 Oak Lawn Ave, Dallas, TX 75207
      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.
    1228 Rock Is St
    Dallas, TX 75207-4705
    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.