Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1602 Rowan Ave Dallas, TX 75223-3056

    • Warehouses
    • 17,544 SF
    • 0.90 lot acres
    OFF-MARKET
    Value Estimations
    $1,535,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4460093
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Jp Auto Service / Auto Repair Shop
    • The Garage Gym / Gym & Fitness Center
    • Foxy Countertops / Kitchen & Bath Showroom / Hardware & Home Improvement
    • A Tow 4U Inc / Auto Repair Shop
    • Quality Roofing Dallas / Roofing Company / General Contractor

    Property Details for 1602 Rowan Ave

    Year built
    1985
    Construction
    TILT-UP CONCRETE
    Lot size
    0.90 lot acres
    Property size
    17,544 SF
    Zone code
    Z46
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    001451000019A0000
    APU
    001451000019A0000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,363,000
      Market price range: $769k - $2.64M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,790,000
      Current use
      RESTAURANT
      $2,465,000
      Change: +38% Conversion: Difficult
      RETAIL STORES
      $2,115,000
      Change: +18% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $2,045,000
      Change: +14% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $1,500,000
      Change: -16% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.7488
    Latitude
    32.784
    CBSA code
    19100
    CBSA name
    DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $17,899
    $389,910
    $390,090
    $780,000
    -
    $389,910
    $390,090
    $780,000

    Comparable in this City

    • Value Estimation by Request
      1,500 SF

      1022 Haskell Ave

      MINI-WAREHOUSE, STORAGE • 1,500 SF
      1022 Haskell Ave, Dallas, TX 75223
      View Details
    • Value Estimation by Request
      2,534 SF

      1754 Alpine St

      MINI-WAREHOUSE, STORAGE • 2,534 SF
      1754 Alpine St, Dallas, TX 75223-3011
      View Details
    • Value Estimation
      $3,420,000
      22,750 SF

      3500 Samuell Blvd

      MINI-WAREHOUSE, STORAGE • 22,750 SF
      3500 Samuell Blvd, Dallas, TX 75223
      View Details
    • Value Estimation by Request
      5,880 SF

      802 Haskell Ave

      MINI-WAREHOUSE, STORAGE • 5,880 SF
      802 Haskell Ave, Dallas, TX 75223-2744
      View Details
    • Value Estimation by Request
      3,000 SF

      716 Peak St

      MINI-WAREHOUSE, STORAGE • 3,000 SF
      716 Peak St, Dallas, TX 75223-2644
      View Details
    • Value Estimation by Request
      10,200 SF

      902 Peak St

      MINI-WAREHOUSE, STORAGE • 10,200 SF
      902 Peak St, Dallas, TX 75223-2880
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      14,590 SF

      Welding Studio, Showroom & Warehouse

      Welding studio, showroom, and warehouse on over 1/2 acre.
      4520-4528 Crosstown Expy, Dallas, TX 75223
      View Details
    • $145,000
      0.16 Acres

      Dallas Corner Lot Ready to Build

      Spacious corner lot in Dallas, ready for custom home construction.
      3300 Jerome St, Dallas, TX 75223
      View Details
    • $245,000
      0.17 Acres

      East Dallas Land Near Trail

      7,501 sqft lot near Santa Fe Trail in Dallas.
      5423 Terry St, Dallas, TX 75223
      View Details
    • New
      $1,195,000
      0.17 Acres

      New Construction Duplex in Dallas

      New construction duplex in a rapidly appreciating East Dallas corridor.
      626 Wayne St, Dallas, TX 75223
      View Details
    • Contact for pricing
      2,376 SF

      Office Space in Dallas, TX

      Office space available for sale in Dallas, Texas.
      2336 N Henderson Ave, Dallas, TX 75223
      View Details
    • Contact for pricing

      Retail Property on Grand Avenue

      Retail property available for sale on Grand Avenue, Dallas.
      5219 E Grand Ave, Dallas, TX 75223
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      20,000 SF

      Industrial Flex Space Available

      20,000 SF flex space with easy highway access.
      5115 E Grand Ave, Dallas, TX 75223
      View Details
    • Contact for pricing
      322,215 SF

      Industrial Warehouse Space Available

      322,215 SF industrial warehouse with excellent logistics access.
      2615 Gifford St, Dallas, TX 75223
      View Details
    • Contact for pricing
      20,000 SF

      Versatile Flex Space Available

      20,000 SF flex space with easy highway access.
      5115 E Grand Ave, Dallas, TX 75223
      View Details
    • Contact for pricing
      2,827 SF

      Medical Office Space Available

      Move-in ready medical office space in Dallas' medical district.
      1015 N Carroll Ave, Dallas, TX 75223
      View Details
    • $22 SF/Yr
      1,424 SF

      Freeway-Adjacent Office/Medical Building For Rent

      Standalone building suitable for medical, legal, or retail businesses.
      4613 E R L Thornton Fwy, Dallas, TX 75223
      View Details
    • Contact for pricing

      Land For Rent Dallas

      Land available for rent at 5001 BEEMAN AVE, Dallas, TX.
      5001 Beeman Ave, Dallas, TX 75223
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1602 Rowan Ave
    Dallas, TX 75223-3056
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!