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Property profile & analytics
OFF-MARKET
Estimated value
$6,655,000
Industrial properties
13515 Stemmons Fwy Farmers Branch, TX 75234-5765
Individually Owned
5-yr Hold
Free & Clear
Property ID
US82-3850857
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1976
Construction
TILT-UP CONCRETE
Total area
85,668 SF
Lot
21.37 ac (930,703 SF)
Zoning code
Z236
APN
24073650010010000
UPID
US82-3850857
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
by Request
CAP Approach
CAP
$7.52M
Comparable Approach
Comparable
$5.79M
Blend (final)
Blend
$6.66M
Owner & transaction history
State Of Texas · 5 yrs held
State Of Texas
since 2020
3 recorded transactions
Zoning & alternative use
Z236 · Farmers Branch, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
code of ordinances
Top alternative use upside
Auto repair, garage
$10.0M
+194.5%
Office building
$6.8M
+100.6%
Commercial (general)
$5.9M
+74.3%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$8,140,000
6.5%
$7,515,000
7%
$6,980,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$9,990,000
Change: +194% · Conversion: Easy
OFFICE BUILDING
$6,810,000
Change: +101% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,915,000
Change: +74% · Conversion: Difficult
MEDICAL BUILDING
$5,810,000
Change: +71% · Conversion: Difficult
RETAIL STORES
$5,190,000
Change: +53% · Conversion: Moderate
Blend value · Realmo final
$6.66M
Range $5.99M – $7.32M · ±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
$78 / 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
$371,843
Tax year 2023
Assessed value
$17,725,000
Assessed 2023
Previous assessed
$17,725,000
+0.0% YoY
Effective rate
2.10%
On assessed value
Assessed land
$9,307,030
Assessed improvement
$8,417,970
Land market value
$9,307,030
Improvement market value
$8,417,970
Total market value
$17,725,000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1976
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Buildings
6
Stories
1
Total area
85,668 SF
Lot
21.37 ac (930,703 SF)
Zoning code
Z236
APN
24073650010010000
UPID
US82-3850857
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z236 · Farmers Branch, TXZoning 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
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$10.0M
OFFICE BUILDING
Est. value
$6.8M
COMMERCIAL (GENERAL)
Est. value
$5.9M
MEDICAL BUILDING
Est. value
$5.8M
RETAIL STORES
Est. value
$5.2M
AUTO REPAIR, GARAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
MEDICAL BUILDING
RETAIL STORES
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
1976
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
6
Lot
21.37 ac
Current owner
From public records · entity-resolved
State Of Texas
Individual
Free & Clear · 5 yrs held
Mailing address
13515 N STEMMONS FWY, FARMERS BRANCH, TX 75234-5765
Ownership since
2020
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
Oct 9, 2020
—
State Of Texas
Essilor Of America INC
Grant Deed
related
—
Dec 5, 2014
—
Essilor Of America INC
13675 Stemmons Freeway LLC
Grant Deed
related
—
Apr 1, 2009
—
Essilor Of America INC
Essilor Labs
Quit Claim Deed
—
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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