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

    1850 Diplomat Dr Farmers Branch, TX 75234-9013

    • Warehouses
    • 65,330 SF
    • 3.13 lot acres
    OFF-MARKET
    Value Estimations
    $1,410,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-1977652
    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

    • Warehouses

    Property Details for 1850 Diplomat Dr

    Year built
    1983
    Construction
    TILT-UP CONCRETE
    Lot size
    3.13 lot acres
    Property size
    65,330 SF
    Zone code
    Z236
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    242246500301B0000
    APU
    242246500301B0000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,390,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,432,000
      Market price range: $865k - $2.08M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,485,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Farmers Branch
    County
    Dallas
    State
    Texas
    Longitude
    -96.919
    Latitude
    32.9261
    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
    $78,649
    $1,091,780
    $2,657,270
    $3,749,050
    -
    $1,091,780
    $2,657,270
    $3,749,050

    Comparable in this City

    • Value Estimation
      $1,960,000
      105,840 SF

      2265 Vly Br Cir

      MINI-WAREHOUSE, STORAGE • 105,840 SF
      2265 Vly Br Cir, Farmers Branch, TX 75234-5855
      View Details
    • Value Estimation
      $1,525,000
      54,500 SF

      12400 Frd Rd

      MINI-WAREHOUSE, STORAGE • 54,500 SF
      12400 Frd Rd, Farmers Branch, TX 75234-7210
      View Details
    • Value Estimation
      $1,565,000
      85,942 SF

      12900 Nicholson Rd

      MINI-WAREHOUSE, STORAGE • 85,942 SF
      12900 Nicholson Rd, Farmers Branch, TX 75234-9215
      View Details
    • Value Estimation
      $2,335,000
      103,528 SF

      12901 Nicholson Rd

      MINI-WAREHOUSE, STORAGE • 103,528 SF
      12901 Nicholson Rd, Farmers Branch, TX 75234-9229
      View Details
    • Value Estimation
      $1,390,000
      83,575 SF

      13365 Br Vw Ln

      MINI-WAREHOUSE, STORAGE • 83,575 SF
      13365 Br Vw Ln, Farmers Branch, TX 75234-5701
      View Details
    • Value Estimation
      $2,805,000
      207,950 SF

      13755 Diplomat Dr

      MINI-WAREHOUSE, STORAGE • 207,950 SF
      13755 Diplomat Dr, Farmers Branch, TX 75234-8926
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      35,088 SF

      Dallas Warehouse with Office Space

      35,088 SF warehouse with 6,806 SF office space.
      3505 Garden Brook Dr, Dallas, TX 75234
      View Details
    • Contact for pricing

      High Visibility Retail/Industrial Property

      3.36-acre property with high visibility and mixed-use potential.
      2605 Lyndon B Johnson Fwy, Dallas, TX 75234
      View Details
    • $499,000

      Land Available on Stemmons Freeway

      Land for sale located on Stemmons Freeway in Farmers Branch.
      14020 N Stemmons Fwy, Farmers Branch, TX 75234
      View Details
    • $215,000
      0.22 Acres

      Vacant Lot in Farmers Branch

      Vacant lot in established area, ideal for residential development.
      13706 Heartside Pl, Farmers Branch, TX 75234
      View Details
    • New
      $395,000
      0.30 Acres

      Land in Valley View Estates

      Oversized lot in Farmers Branch's Valley View Estates.
      3009 Phyllis Ln, Farmers Branch, TX 75234
      View Details
    • Contact for pricing

      Land For Sale

      Land for sale, great for retail or office.
      2877 Lyndon B Johnson Fwy, Farmers Branch, TX 75234
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      7,250 SF

      ReadySpaces Farmer's Branch

      Flexible Industrial Space Available
      11410 Mathis Ave, Farmers Branch, TX 75234
      View Details
    • Contact for pricing
      3,735 SF

      Farmers Branch Flex/Warehouse Space

      Flex/warehouse space available for lease in Farmers Branch, TX.
      3240-3254 Garden Brook Dr, Farmers Branch, TX 75234
      View Details
    • Contact for pricing
      24,533 SF

      Industrial Space with Highway Frontage

      24,533 SF industrial space with frontage to I-635.
      2001 Lyndon B Johnson Fwy, Dallas, TX 75234
      View Details
    • Contact for pricing
      3,780 SF

      Farmers Branch Warehouse Space Available

      Warehouse space available in Farmers Branch, dock-high loading.
      11425 Mathis Ave, Farmers Branch, TX 75234
      View Details
    • Contact for pricing
      4,539 SF

      Farmers Branch Warehouse Space Available

      4,539 SF warehouse space with dock high doors.
      2115 W Valley View Ln, Farmers Branch, TX 75234
      View Details
    • $7 SF/Yr
      26,210 SF

      Industrial-Office Space For Lease

      26,210 SF industrial-office space available for lease.
      13777 Bee St, Dallas, TX 75234
      View Details
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    Farmers Branch, TX 75234-9013
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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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