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Property profile & analytics
OFF-MARKET
Estimated value
$595,000
Grocery and convenience stores
15000 Marsh Ln, Addison, TX 75001-8035
Individually Owned
3-yr Hold
Free & Clear
Property ID
US82-5428950
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1996
Construction
TILT-UP CONCRETE
Total area
4,824 SF
Lot
1.57 ac (68,346 SF)
Zoning code
Z236
APN
10004520010010000
UPID
US82-5428950
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
Current use
Occupant on record · Public records
-
Taco Bueno Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$475k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$713k
Blend (final)
Blend
$595k
Owner & transaction history
Makertichian Polin · 3 yrs held
Makertichian Polin
since 2023
6 recorded transactions
Zoning & alternative use
Z236 · Addison, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$565,000
+171.6%
Retail stores
$470,000
+124.1%
Medical building
$430,000
+106.6%
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 Addison submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Addison 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
$475,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$565,000
Change: +172% · Conversion: Difficult
RETAIL STORES
$470,000
Change: +124% · Conversion: Easy
MEDICAL BUILDING
$430,000
Change: +107% · Conversion: Difficult
Blend value · Realmo final
$595k
Range $536k – $655k · ±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
$123 / 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
$47,824
Tax year 2023
Assessed value
$2,205,000
Assessed 2023
Previous assessed
$2,205,000
+0.0% YoY
Effective rate
2.17%
On assessed value
Assessed land
$1,367,080
Assessed improvement
$837,920
Land market value
$1,367,080
Improvement market value
$837,920
Total market value
$2,205,000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1996
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
4,824 SF
Lot
1.57 ac (68,346 SF)
Zoning code
Z236
APN
10004520010010000
UPID
US82-5428950
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z236 · Addison, TX
Zoning Z236 · permitted uses
Z236 · Addison, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Addison. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$565,000
RETAIL STORES
Est. value
$470,000
MEDICAL BUILDING
Est. value
$430,000
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
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
1996
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Lot
1.57 ac
Current owner
From public records · entity-resolved
Makertichian Polin
Individual
Free & Clear · 3 yrs held
Mailing address
1 ARTS PLZ 1722ND ROUTH ST STE #1000, DALLAS, TX 75201
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 13, 2023
—
Makertichian Polin
15000 Marsh Lane LLC
Warranty Deed
—
Dec 28, 2022
—
15000 Marsh Lane LLC
Makertichian Polin
Warranty Deed
—
May 6, 2022
—
Rubik Kia Makertichian
Genesis Fundsub II LLC
Special Warranty Deed
—
Aug 27, 2021
—
Frc Genesis Fundsub II LLC
—
Deed
related
$1,000,000 · Veritex Community Bank
Aug 31, 2018
—
Frc Genesis Fundsub II LLC
Lee & Keiter Ents LP
Grant Deed
related
$810,000 · Amerock Lender LLC
Jan 18, 2012
—
7-eleven INC
Exxon Mobil Corp
Grant Deed
related
—
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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