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Property profile & analytics
OFF-MARKET
Estimated value
$4,135,000
Warehouses
1515 Ft Worth Ave Dallas, TX 75208-1506
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-2846136
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1950
Construction
WOOD FRAME
Total area
33,423 SF
Lot
3.66 ac (159,386 SF)
Zoning code
Z239
APN
299614000000
UPID
US82-2846136
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
by Request
Comparable Approach
Comparable
$4.14M
Blend (final)
Blend
$4.14M
Owner & transaction history
Gwc-tx Investment LLC · 5 yrs held
Gwc-tx Investment LLC
since 2020
7 recorded transactions
Zoning & alternative use
Z239 · Dallas, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$6.9M
+128.8%
Restaurant
$4.8M
+61.1%
Retail stores
$4.1M
+36.6%
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 Dallas submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Dallas 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,000,000
Current use
COMMERCIAL (GENERAL)
$6,860,000
Change: +129% · Conversion: Difficult
RESTAURANT
$4,830,000
Change: +61% · Conversion: Difficult
RETAIL STORES
$4,095,000
Change: +37% · Conversion: Moderate
AUTO REPAIR, GARAGE
$3,900,000
Change: +30% · Conversion: Easy
OFFICE BUILDING
$3,770,000
Change: +26% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,465,000
Change: +16% · Conversion: Difficult
MEDICAL BUILDING
$3,390,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$4.14M
Range $3.72M – $4.55M · ±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
$124 / 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
$62,338
Tax year 2023
Assessed value
$9,388,900
Assessed 2023
Previous assessed
$3,187,500
+194.6% YoY
Effective rate
0.66%
On assessed value
Total market value
$9,388,900
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
1950
Construction
WOOD FRAME
Heating
YES
Stories
1
Total area
33,423 SF
Lot
3.66 ac (159,386 SF)
Zoning code
Z239
APN
299614000000
UPID
US82-2846136
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z239 · Dallas, TX
Zoning Z239 · permitted uses
Z239 · Dallas, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Dallas. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$3.0M
COMMERCIAL (GENERAL)
Est. value
$6.9M
RESTAURANT
Est. value
$4.8M
RETAIL STORES
Est. value
$4.1M
AUTO REPAIR, GARAGE
Est. value
$3.9M
OFFICE BUILDING
Est. value
$3.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.5M
MEDICAL BUILDING
Est. value
$3.4M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1950
Construction
WOOD FRAME
Heating
YES
Stories
1
Lot
3.66 ac
Current owner
From public records · entity-resolved
Gwc-tx Investment LLC
Entity
Free & Clear · 5 yrs held
Mailing address
901 S MOPAC EXPY STE V100, AUSTIN, TX 78746-5796
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 4, 2020
—
Gwc-tx Investment LLC
Adc Fort Worth LLC
Grant Deed
related
—
Oct 29, 2020
—
Stuart Shaw Family Ptshp Ltd
Adc Fort Worth LLC
Grant Deed
$6,140,000 · Enterprise Cmnty Ln Fund
Jan 9, 2020
—
Adc Fort Worth LLC
—
Deed Of Trust
related
$601,000 · Thistle Creek Ptrs LP
Oct 9, 2019
—
Adc Fort Worth LLC
Dallas Lite & Barricade INC
Grant Deed
$4,715,000 · Thistle Crk Ptrs LP
Apr 8, 2019
—
Dallas Dlb Property LLC
—
Loan Modification
related
$2,280,000 · Texas Sec Bk
Sep 28, 2017
—
Dallas Lite & Barricade INC
—
Loan Modification
related
$3,500,000 · Texas Sec Bk
—
—
Dallas Lite & Barricade INC
—
Loan Modification
related
$2,280,000 · Texas Sec Bk
—
—
Dalls Lite & Barricade INC
—
Loan Modification, Consolidation And Extension
related
$3,500,000 · Texas Sec Bk
—
—
Adc Forth Worth LLC
—
Deed Of Trust
related
$1,000,000 · Richardson Townhome LLC
—
—
Dallas Lite & Barricade INC
—
Loan Modification
related
$3,500,000 · Texas Sec Bk
—
—
Dallas Lite & Barricade INC
—
Loan Modification
related
$3,500,000 · Texas Sec Bk
—
—
Dallas Lite & Barricade INC
—
Loan Modification
related
$3,500,000 · Texas Sec 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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