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Property profile & analytics
OFF-MARKET
Estimated value
$5,365,000
Industrial properties
14460 Qorvo Dr, Farmers Branch, TX 75244
Entity Owned
1-yr Hold
Free & Clear
Property ID
US83-1259537
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1976
Construction
TILT-UP CONCRETE
Total area
69,084 SF
Lot
16.28 ac (709,157 SF)
Zoning code
Z123
APN
241476500A0020000
UPID
US83-1259537
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
$6.06M
Comparable Approach
Comparable
$4.67M
Blend (final)
Blend
$5.37M
Owner & transaction history
4350 Innovation Drive Owner LLC · 1 yrs held
4350 Innovation Drive Owner LLC
since 2025
4 recorded transactions
Zoning & alternative use
Z123 · Farmers Branch, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$8.1M
+194.5%
Retail stores
$7.2M
+164.2%
Neighborhood: shopping center
$4.9M
+78.5%
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%
$6,565,000
6.5%
$6,060,000
7%
$5,625,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$8,055,000
Change: +194% · Conversion: Easy
RETAIL STORES
$7,230,000
Change: +164% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$4,885,000
Change: +78% · Conversion: Difficult
MEDICAL BUILDING
$4,685,000
Change: +71% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,510,000
Change: +28% · Conversion: Difficult
Blend value · Realmo final
$5.37M
Range $4.83M – $5.90M · ±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
$259,362
Tax year 2023
Assessed value
$12,187,600
Assessed 2023
Previous assessed
$12,187,600
+0.0% YoY
Effective rate
2.13%
On assessed value
Assessed land
$8,509,920
Assessed improvement
$3,677,680
Land market value
$8,509,920
Improvement market value
$3,677,680
Total market value
$12,187,600
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
8
Stories
1
Total area
69,084 SF
Lot
16.28 ac (709,157 SF)
Zoning code
Z123
APN
241476500A0020000
UPID
US83-1259537
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
AUTO REPAIR, GARAGE
Est. value
$8.1M
RETAIL STORES
Est. value
$7.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.9M
MEDICAL BUILDING
Est. value
$4.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.5M
AUTO REPAIR, GARAGE
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
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
8
Lot
16.28 ac
Current owner
From public records · entity-resolved
4350 Innovation Drive Owner LLC
Entity
Free & Clear · 1 yrs held
Mailing address
4600 SILICON DR, DURHAM, NC 27703-8475
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 30, 2025
—
4350 Innovation Drive Owner LLC
Wolfspeed INC
Special Warranty Deed
—
Oct 15, 2024
—
Wolfspeed INC
—
Deed
related
$3,000,000 · Us Bank NA
Jun 7, 2023
—
Qorvo Texas LLC
Wolfspeed INC
Lease
—
Jun 2, 2023
—
Wolfspeed INC
Qorvo Texas LLC
Special Warranty 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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