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Property profile & analytics
OFF-MARKET
Estimated value
$9,165,000
Warehouses
1611 Chestnut St Dallas, TX 75226-1961
Entity Owned
8-yr Hold
Free & Clear
Property ID
US82-4014663
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2018
Construction
TILT-UP CONCRETE
Total area
115,912 SF
Lot
0.93 ac (40,510 SF)
Zoning code
Z239
APN
000203000A01C0000
UPID
US82-4014663
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
-
Public Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.10M
Blend (final)
Blend
$9.17M
Owner & transaction history
Ps Lpte Properties Investors · 8 yrs held
Ps Lpte Properties Investors
since 2018
7 recorded transactions
Zoning & alternative use
Z239 · Dallas, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$13.5M
+124.6%
Retail stores
$11.6M
+93.2%
Office building
$9.3M
+53.8%
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
$6,020,000
Current use
AUTO REPAIR, GARAGE
$13,520,000
Change: +125% · Conversion: Easy
RETAIL STORES
$11,630,000
Change: +93% · Conversion: Moderate
OFFICE BUILDING
$9,255,000
Change: +54% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$8,825,000
Change: +47% · Conversion: Moderate
MEDICAL BUILDING
$7,865,000
Change: +31% · Conversion: Difficult
Blend value · Realmo final
$9.17M
Range $8.25M – $10.08M · ±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
$79 / 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
$269,616
Tax year 2023
Assessed value
$11,749,100
Assessed 2023
Previous assessed
$11,749,100
+0.0% YoY
Effective rate
2.29%
On assessed value
Assessed land
$1,822,950
Assessed improvement
$9,926,150
Land market value
$1,822,950
Improvement market value
$9,926,150
Total market value
$11,749,100
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
2018
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
6
Units
1119
Total area
115,912 SF
Lot
0.93 ac (40,510 SF)
Zoning code
Z239
APN
000203000A01C0000
UPID
US82-4014663
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
$6.0M
AUTO REPAIR, GARAGE
Est. value
$13.5M
RETAIL STORES
Est. value
$11.6M
OFFICE BUILDING
Est. value
$9.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.8M
MEDICAL BUILDING
Est. value
$7.9M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
2018
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
6
Units
1119
Lot
0.93 ac
Current owner
From public records · entity-resolved
Ps Lpte Properties Investors
Entity
Free & Clear · 8 yrs held
Mailing address
PO BOX 25025, GLENDALE, CA 91221-5025
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 19, 2018
—
Ps Lpte Properties Investors
Deep Ellum Hall LLC
Grant Deed
related
—
Feb 12, 2018
—
Deep Ellum Hall LLC
—
Deed
related
$2,925,000 · Spirit Of Tx Bk Ssb
Sep 12, 2017
—
Stillwater Deep Ellum LLC
Deep Ellum Hall LLC
Quit Claim Deed
related
$33,811,000 · Bank Of The Ozarks
Jul 18, 2017
—
Deep Ellum Hall LLC
—
Deed
related
$6,000,000 · Spirit Of Tx Bk Ssb
May 20, 2016
—
Deep Ellum Hall LLC
Glasfloss Industries LP
Grant Deed
$6,000,000 · Spirit Of Tx Bk Ssb
—
—
Glasfloss Industries LP
—
Deed Of Trust
related
$7,000,000 · National Exchange Bk&tr
—
—
Deep Ellum Hall LLC
—
Loan Modification
related
$6,000,000 · Spirit Of Tx Bk Ssb
—
—
Deep Ellum Hall LLC
—
Loan Modification
related
$2,925,000 · Spirit Of Tx Bk Ssb
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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