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    1305 Cleveland St Hutchins, TX 75141-4003
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    Property profile & analytics

    1305 Cleveland St, Hutchins, TX 75141-4003

    View on Map
    • Distribution centers
    • 800,737 SF
    • 45.33 lot acres
    Off-Market
    Last Sale Mar 3, 2020
    Property ID
    US82-4949712
    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.
    Value Estimations
    $39,625,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Ryder/Arhaus / Warehouse & Storage

    Property Details for 1305 Cleveland St

    Year built
    2021
    Construction
    TILT-UP CONCRETE
    Lot size
    45.33 lot acres
    Zone code
    Z123
    Property type
    Distribution centers
    APN
    30012750010020000
    APU
    30012750010020000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 5, 2023 — Mpld Cleveland 45 II LLC — Deed · related $500k · Dekabank Deutsche Girozentrale
    Jun 7, 2022 — Mpld Cleveland 45 II LLC — Deed · related $24M · Veritex Community Bank
    Mar 12, 2020 — Mpld Cleveland 45 II LLC — Deed Of Trust · related —
    Mar 3, 2020 — Mpld Cleveland 45 II LLC Mpld Cleveland 45 LLC Quit Claim Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $40,153,000
      Market price range: $11.3M - $57.3M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $34,705,000
      Current use
      OFFICE BUILDING
      $63,000,000
      Change: +82% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $47,430,000
      Change: +37% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Hutchins
    County
    Dallas
    State
    Texas
    Longitude
    -96.6999
    Latitude
    32.6605
    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
    $1,147,955
    $5,923,330
    $46,514,760
    $52,438,090
    -
    $5,923,330
    $46,514,760
    $52,438,090

    Comparable in this City

    • Value Estimation
      $6,700,000
      120,960 SF

      1704 Interstate 45th Service Rd

      DISTRIBUTION WAREHOUSE
      1704 Interstate 45th Service Rd, Hutchins, TX 75141-5100
      View Details
    • Value Estimation
      $36,915,000
      754,897 SF

      1200 Wintergreen Rd

      DISTRIBUTION WAREHOUSE
      1200 Wintergreen Rd, Hutchins, TX 75141-3711
      View Details
    • Value Estimation
      $24,420,000
      290,000 SF

      1225 Wintergreen Rd

      DISTRIBUTION WAREHOUSE
      1225 Wintergreen Rd, Hutchins, TX 75141-3722
      View Details
    • Value Estimation
      $27,705,000
      571,880 SF

      1015 Wintergreen Rd

      DISTRIBUTION WAREHOUSE
      1015 Wintergreen Rd, Hutchins, TX 75141-3704
      View Details
    • Value Estimation
      $23,645,000
      280,800 SF

      1600 Wintergreen Rd

      DISTRIBUTION WAREHOUSE
      1600 Wintergreen Rd, Hutchins, TX 75141-3714
      View Details
    • Value Estimation
      $22,335,000
      450,000 SF

      1401 Wintergreen Rd

      DISTRIBUTION WAREHOUSE
      1401 Wintergreen Rd, Hutchins, TX 75141-3709
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      87,332 SF

      Hutchins Warehouse with Interstate Frontage

      87,332 SF warehouse on 28.34 AC with fenced storage.
      1300 Interstate 45, Hutchins, TX 75141
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    • Contact for pricing

      Land Near Intermodal Depot

      Commercial land parcel near distribution warehouses and intermodal depot.
      2838 Post Oak Rd, Hutchins, TX 75141
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    • Contact for pricing
      9,600 SF

      Commercial Warehouse South of Downtown Dallas

      9,600± SF warehouse with office space on 3.89± acres.
      1420 Dowdy Ferry Rd, Hutchins, TX 75141
      View Details
    • New
      $400,000
      0.41 Acres

      Versatile Auto Repair Flex Building

      Freestanding flex building with paint booth area, multiple offices, and three ground-level freight doors for service and contractor uses.
      301 E Dallas St, Hutchins, TX 75141
      View Details
    • $1,650,000
      9,600 SF

      Hutchins Warehouse with Office Space

      9,600 SF warehouse on 3.89 acres near Dallas.
      1420 Dowdy Ferry Rd, Hutchins, TX 75141
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,013,833 SF

      New Industrial Building For Lease

      Brand new industrial building with great access to I-45.
      950 N Interstate 45, Hutchins, TX 75141
      View Details
    • Contact for pricing
      111,731 SF

      Hutchins Industrial Facility For Rent

      111,731 SF industrial facility with ample parking in Hutchins, TX.
      1313 East Cleveland St, Hutchins, TX 75141
      View Details
    • Contact for pricing
      266,680 SF

      Industrial Space Available For Lease

      560,030 SF industrial space available for lease.
      300 W Wintergreen Rd, Hutchins, TX 75141
      View Details
    • Contact for pricing

      Office/Warehouse Space and Land Available

      Office/warehouse spaces and land available for lease.
      1025 Interstate 45 Service Rd, Hutchins, TX 75141
      View Details
    • Contact for pricing
      65,340 SF

      Fenced Land for Lease

      1.5 acres of fenced, gated land available for lease.
      2800 Post Oak Rd, Hutchins, TX 75141
      View Details
    • Contact for pricing
      620,500 SF

      Hutchins Warehouse Space Available

      620,500 sq ft warehouse space for lease.
      1300 Fulghum Rd, Hutchins, TX 75141
      View Details
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    Hutchins, TX 75141-4003
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    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
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