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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1645 Wallace Dr Carrollton, TX 75006-6696

    • Showrooms
    • 99,325 SF
    • 8.33 lot acres
    OFF-MARKET
    Value Estimations
    $10,950,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-3695442
    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

    • TTR Shipping / Shipping Company
    • Cooper Installation Services / Flooring Contractor
    • Denali HVAC, Plumbing & Electric / Electrician / Air Conditioning Contractor
    • HTS Texas / Hvac Contractor / Air Conditioning Contractor
    • DXS Dallas / Heating Equipment Supplier

    Property Details for 1645 Wallace Dr

    Year built
    2001
    Construction
    TILT-UP CONCRETE
    Lot size
    8.33 lot acres
    Property size
    99,325 SF
    Zone code
    Z123
    Property type
    Showrooms
    APN
    141087400102R0000
    APU
    141087400102R0000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $10,864,000
      Market price range: $2.77M - $25.8M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $12,870,000
      Current use
      OFFICE BUILDING
      $14,885,000
      Change: +16% Conversion: Easy
      RESTAURANT
      $12,845,000
      Change: -0% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $11,680,000
      Change: -9% Conversion: Difficult
      RETAIL STORES
      $11,340,000
      Change: -12% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Carrollton
    County
    Dallas
    State
    Texas
    Longitude
    -96.9237
    Latitude
    32.94
    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
    $213,351
    $2,903,880
    $7,340,580
    $10,244,460
    -
    $2,903,880
    $7,340,580
    $10,244,460

    Comparable in this City

    • Value Estimation
      $6,080,000
      53,011 SF

      1617 Crosby Rd

      SHOW ROOM, WAREHOUSE • 53,011 SF
      1617 Crosby Rd, Carrollton, TX 75006-6485
      View Details
    • Value Estimation
      $2,280,000
      60,623 SF

      3333 Earhart Dr

      SHOW ROOM, WAREHOUSE • 60,623 SF
      3333 Earhart Dr, Carrollton, TX 75006-5095
      View Details
    • Value Estimation
      $1,980,000
      17,116 SF

      3225 Keller Spgs Rd

      SHOW ROOM, WAREHOUSE • 17,116 SF
      3225 Keller Spgs Rd, Carrollton, TX 75006-5045
      View Details
    • Value Estimation
      $2,720,000
      22,783 SF

      2403 Lacy Ln

      SHOW ROOM, WAREHOUSE • 22,783 SF
      2403 Lacy Ln, Carrollton, TX 75006-6514
      View Details
    • Value Estimation
      $1,825,000
      32,000 SF

      1510 Randolph St

      SHOW ROOM, WAREHOUSE • 32,000 SF
      1510 Randolph St, Carrollton, TX 75006-8906
      View Details
    • Value Estimation
      $5,655,000
      170,000 SF

      1220 Senlac Dr

      SHOW ROOM, WAREHOUSE • 170,000 SF
      1220 Senlac Dr, Carrollton, TX 75006-7019
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1.72 Acres

      Prime Carrollton Commercial Land

      74,836 SF, I-35E Frontage, High Traffic
      2620 Interstate 35E, Carrollton, TX 75006
      View Details
    • $1,500,000
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      Carrollton Childcare Center Investment

      9,288 SF Daycare, High Potential
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    • $1,100,000
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      The Human Bean Opportunity

      Turn-key coffee business and real estate for sale.
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    • $498,000
      2.64 Acres

      Prime Carrollton I-35E Lot

      Build Your Business Here! 2.64 Acres.
      900 Crosby Rd, Carrollton, TX 75006
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    • $8,500,000
      40,000 SF

      New Mixed-Use Project For Sale

      Newly constructed mixed-use project with high traffic visibility.
      1601 E Trinity Mills Rd, Carrollton, TX 75006
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    • $499,000
      0.38 Acres

      Carrollton I-35E Development Land

      Prime Carrollton location, high visibility.
      1610 Interstate 35E, Carrollton, TX 75006
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    Similar Nearby for Lease

    • Contact for pricing
      1,560 SF

      Retail Space on Trinity Mills

      Retail space available for lease on Trinity Mills Road.
      2550 E Trinity Mills Rd, Carrollton, TX 75006
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space on Josey Lane

      Retail space with high visibility and access on Josey.
      2540 N Josey Ln, Carrollton, TX 75006
      View Details
    • Contact for pricing
      1,350 SF

      Retail Space in Carrollton, TX

      Visible retail space in a high-traffic Carrollton neighborhood.
      1000-1012 Webb Chapel Rd, Carrollton, TX 75006
      View Details
    • Contact for pricing
      4,500 SF

      Retail Space Available For Rent

      7,700 SF retail space with multiple suites available.
      2202 Heads Ln, Carrollton, TX 75006
      View Details
    • $22 SF/Yr
      1,006 SF

      Retail Space in Carrollton Center

      Retail space in neighborhood strip center with high visibility.
      2204 Kelly Blvd, Carrollton, TX 75006
      View Details
    • Contact for pricing
      3,805 SF

      Retail Space Near Home Depot

      Retail space with great access and visibility available for rent.
      2138 N Josey Ln, Carrollton, TX 75006
      View Details
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    Carrollton, TX 75006-6696
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    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
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