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Property profile & analytics
OFF-MARKET
Estimated value
$690,000
Flex space
1601 Main St Hutchins, TX 75141-3530
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US82-2008157
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1973
Construction
STEEL FRAME
Total area
40,000 SF
Lot
2.85 ac (124,146 SF)
Zoning code
Z123
APN
65049912510230000
UPID
US82-2008157
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
-
Longhorn Catering & Events Take-out & Catering Catering Service
-
Villa Rosa Event Center Hotel & Motel Resort
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$650k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$728k
Blend (final)
Blend
$690k
Owner & transaction history
R A Dallas Enterprises LLC · 8 yrs held
R A Dallas Enterprises LLC
since 2018
6 recorded transactions
Zoning & alternative use
Z123 · Hutchins, 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 Hutchins submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hutchins 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
$650,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$690k
Range $621k – $759k · ±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
$17 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$16,406
Tax year 2024
Assessed value
$749,400
Assessed 2024
Previous assessed
$749,400
+0.0% YoY
Effective rate
2.19%
On assessed value
Assessed land
$248,290
Assessed improvement
$501,110
Land market value
$248,290
Improvement market value
$501,110
Total market value
$749,400
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1973
Construction
STEEL FRAME
Heating
OTHER
Cooling
NONE
Stories
1
Total area
40,000 SF
Lot
2.85 ac (124,146 SF)
Zoning code
Z123
APN
65049912510230000
UPID
US82-2008157
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z123 · Hutchins, TX
Zoning Z123 · permitted uses
Z123 · Hutchins, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hutchins. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1973
Construction
STEEL FRAME
Heating
OTHER
Cooling
Yes
Stories
1
Lot
2.85 ac
Current owner
From public records · entity-resolved
R A Dallas Enterprises LLC
Entity
Mailing address
1601 S MAIN ST, HUTCHINS, TX 75141-3530
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
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
Sep 1, 2021
—
R&a Dallas Enterprise LLC
—
Deed
related
$85,000 · Zb NA
Feb 4, 2020
—
R&a Dallas Enterprise LLC
—
Deed
related
$860,000 · Zb NA
Mar 15, 2018
—
R A Dallas Enterprises LLC
Michael L Dickinson
Venders Lien
$100 · R&a Dallas Enterprises LLC
Apr 15, 2009
$801,179
Michael L Dickinson
Humphreys Mark S
Trustees Deed
—
Mar 23, 2006
—
Scott Daniel
Dickinson,michael L & Sandra J
Warranty Deed
$811,200 · Michael L & Sandra J Dickinson
—
—
Michael L Dickinson
—
Deed Of Trust
related
$375,000 · 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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