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Property profile & analytics
OFF-MARKET
Estimated value
$16,665,000
Warehouses
1800 Castle Dr, Rowlett, TX 75089-2702
Entity Owned
4-yr Hold
Free & Clear
Property ID
US83-0071399
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2018
Construction
STEEL FRAME
Total area
226,800 SF
Lot
4.98 ac (216,929 SF)
Zoning code
Z340
APN
440004400A01R0000
UPID
US83-0071399
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
$17.59M
Comparable Approach
Comparable
$15.75M
Blend (final)
Blend
$16.67M
Owner & transaction history
Ps Lpt Properties Investors · 4 yrs held
Ps Lpt Properties Investors
since 2021
4 recorded transactions
Zoning & alternative use
Z340 · Rowlett, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$26.7M
+100.6%
Retail stores
$22.2M
+66.6%
Medical building
$20.3M
+52.6%
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 Rowlett submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rowlett 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%
$19,050,000
6.5%
$17,585,000
7%
$16,330,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$13,300,000
Current use
AUTO REPAIR, GARAGE
$26,675,000
Change: +101% · Conversion: Easy
RETAIL STORES
$22,155,000
Change: +67% · Conversion: Moderate
MEDICAL BUILDING
$20,295,000
Change: +53% · Conversion: Difficult
Blend value · Realmo final
$16.67M
Range $15.00M – $18.33M · ±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
$73 / 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
$398,184
Tax year 2023
Assessed value
$17,246,000
Assessed 2023
Previous assessed
$17,246,000
+0.0% YoY
Effective rate
2.31%
On assessed value
Assessed land
$650,790
Assessed improvement
$16,595,210
Land market value
$650,790
Improvement market value
$16,595,210
Total market value
$17,246,000
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
STEEL FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
3
Units
1200
Total area
226,800 SF
Lot
4.98 ac (216,929 SF)
Zoning code
Z340
APN
440004400A01R0000
UPID
US83-0071399
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z340 · Rowlett, TX
Zoning Z340 · permitted uses
Z340 · Rowlett, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Rowlett. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$13.3M
AUTO REPAIR, GARAGE
Est. value
$26.7M
RETAIL STORES
Est. value
$22.2M
MEDICAL BUILDING
Est. value
$20.3M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
RETAIL STORES
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
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
3
Units
1200
Lot
4.98 ac
Current owner
From public records · entity-resolved
Ps Lpt Properties Investors
Entity
Free & Clear · 4 yrs held
Mailing address
701 WESTERN AVE, GLENDALE, CA 91201-2349
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 6, 2021
—
Ps Lpt Properties Investors
All Storage Rowlett LLC
Special Warranty Deed
—
Aug 20, 2018
—
Jim D Dorsey
—
Deed
related
$791,200 · Fannin Bk
Apr 10, 2007
—
Dorsey,jim
Owner Name Unavailable
Grant Deed
related
—
—
—
Jim D Dorsey
—
Deed Of Trust
related
$791,200 · Fannin 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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