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Property profile & analytics
OFF-MARKET
Estimated value
$1,425,000
Distribution centers
14310 Gillis Rd Farmers Branch, TX 75244-3717
Entity Owned
12-yr Hold
Free & Clear
Property ID
US82-0499922
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1991
Construction
TILT-UP CONCRETE
Total area
90,641 SF
Lot
3.92 ac (170,799 SF)
Zoning code
Z123
APN
24130600030080100
UPID
US82-0499922
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
$1.08M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.76M
Blend (final)
Blend
$1.43M
Owner & transaction history
Exeter 14330 Gillis LP · 12 yrs held
Exeter 14330 Gillis LP
since 2014
7 recorded transactions
Zoning & alternative use
Z123 · Farmers Branch, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$1,080,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,565,000
Current use
Blend value · Realmo final
$1.43M
Range $1.28M – $1.57M · ±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
$16 / 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
$107,894
Tax year 2023
Assessed value
$5,070,000
Assessed 2023
Previous assessed
$5,070,000
+0.0% YoY
Effective rate
2.13%
On assessed value
Assessed land
$2,049,430
Assessed improvement
$3,020,570
Land market value
$2,049,430
Improvement market value
$3,020,570
Total market value
$5,070,000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1991
Construction
TILT-UP CONCRETE
Heating
PARTIAL
Cooling
CENTRAL
Stories
2
Total area
90,641 SF
Lot
3.92 ac (170,799 SF)
Zoning code
Z123
APN
24130600030080100
UPID
US82-0499922
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z123 · Farmers Branch, TX
Zoning Z123 · permitted uses
Z123 · 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
WAREHOUSE, STORAGE Current
Est. value
$1.6M
WAREHOUSE, STORAGE Current
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
1991
Construction
TILT-UP CONCRETE
Heating
PARTIAL
Cooling
Yes
Stories
2
Lot
3.92 ac
Current owner
From public records · entity-resolved
Exeter 14330 Gillis LP
Entity
Free & Clear · 12 yrs held
Mailing address
101 W ELM ST STE #600, CONSHOHOCKEN, PA 19428-2075
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 8, 2021
—
Rocky Box 14330 Gillis LP
—
Deed
related
$267,000,000 · Pgim Vip Mortgage Account LP
Apr 22, 2014
—
Exeter 14330 Gillis LP
Iit Texas Indl Portfolio LP
Grant Deed
—
Sep 28, 2011
—
Iit Texas Indl Portfolio LP
Ridge Farmers Branch I LP
Grant Deed
$21,633,700 · Ing Life Ins & Annunity Co
Jul 7, 2010
$2,600,000
Pb Gillis Road LLC
Garvin David
Trustees Deed
related
—
Oct 4, 2005
—
Ridge Farmers Branch I
Sysco Food Svcs Of Dallas
Grant Deed
$7,951,539 · Bank Of America
—
—
Rocky Box 14330 Gillis LP
—
Deed Of Trust
related
$267,000,000 · Pgim Vip Mortgage Account LP
—
—
Ridge Farmers Branch I LP
—
Deed Of Trust
related
$8,715,645 · Bank Of America
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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