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Property profile & analytics
OFF-MARKET
Estimated value
$2,115,000
Warehouses
14325 Gillis Rd Farmers Branch, TX 75244-3770
Entity Owned
7-yr Hold
Free & Clear
Property ID
US82-3506458
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1975
Construction
TILT-UP CONCRETE
Total area
172,800 SF
Lot
8.61 ac (375,269 SF)
Zoning code
Z123
APN
24130600040040000
UPID
US82-3506458
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
$1.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.74M
Blend (final)
Blend
$2.12M
Owner & transaction history
Sheares Logistics Assets LLC · 7 yrs held
Sheares Logistics Assets LLC
since 2019
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
$1,495,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,985,000
Current use
Blend value · Realmo final
$2.12M
Range $1.90M – $2.33M · ±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
$12 / 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
$167,351
Tax year 2023
Assessed value
$7,863,950
Assessed 2023
Previous assessed
$7,863,950
+0.0% YoY
Effective rate
2.13%
On assessed value
Assessed land
$4,503,120
Assessed improvement
$3,360,830
Land market value
$4,503,120
Improvement market value
$3,360,830
Total market value
$7,863,950
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1975
Construction
TILT-UP CONCRETE
Heating
PARTIAL
Cooling
PARTIAL
Buildings
2
Stories
1
Total area
172,800 SF
Lot
8.61 ac (375,269 SF)
Zoning code
Z123
APN
24130600040040000
UPID
US82-3506458
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
$3.0M
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
1975
Construction
TILT-UP CONCRETE
Heating
PARTIAL
Cooling
Yes
Stories
1
Buildings
2
Lot
8.61 ac
Current owner
From public records · entity-resolved
Sheares Logistics Assets LLC
Entity
Free & Clear · 7 yrs held
Mailing address
13155 NOEL RD STE #100, DALLAS, TX 75240-5050
Ownership since
2019
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
Mar 13, 2019
—
Sheares Logistics Assets LLC
Anson Logistics Assets LLC
Grant Deed
related
—
Apr 30, 2018
—
Anson Logistics Assets LLC
Exeter 14325 Gillis LP
Grant Deed
related
—
Jul 26, 2017
—
Exeter 14325 Gillis LP
—
Grant Deed
related
$141,000,000 · Wells Fargo Bk
Jun 16, 2016
—
Exeter 14325 Gillis LP
—
Deed
related
$128,800,000 · Wells Fargo Bk
Apr 5, 2016
—
Exeter 14325 Gillis LP
Tuesday Morning Partners Ltd
Grant Deed
—
Dec 16, 2008
—
Tuesday Morning INC
—
Deed Of Trust
related
$250,000,000 · Bank Of America
—
—
Exeter 14325 Gillis LP
—
Deed Of Trust
related
$128,800,000 · Wells Fargo Bk
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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