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Property profile & analytics
OFF-MARKET
Estimated value
$960,000
Warehouses
2012 Goode Rd Hutchins, TX 75141
Individually Owned
9-yr Hold
Free & Clear
Property ID
US82-4116588
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2001
Construction
STEEL FRAME
Total area
16,320 SF
Lot
11.58 ac (504,294 SF)
Zoning code
Z123
APN
300010200A0010000
UPID
US82-4116588
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$585k
CAP Approach
CAP
$1.27M
Comparable Approach
Comparable
$1.03M
Blend (final)
Blend
$960k
Owner & transaction history
Jim Alexander · 9 yrs held
Jim Alexander
since 2017
7 recorded transactions
Zoning & alternative use
Z123 · Hutchins, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.6M
+123.9%
Medical building
$1.5M
+106.5%
Office building
$1.3M
+81.5%
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 Hutchins submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hutchins 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
$585,000
CAP Approach
CAP Return
Estimation
6%
$1,370,000
6.5%
$1,265,000
7%
$1,175,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$705,000
Current use
RETAIL STORES
$1,585,000
Change: +124% · Conversion: Moderate
MEDICAL BUILDING
$1,460,000
Change: +106% · Conversion: Difficult
OFFICE BUILDING
$1,285,000
Change: +82% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$965,000
Change: +37% · Conversion: Moderate
Blend value · Realmo final
$960k
Range $864k – $1.06M · ±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
$59 / 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
$29,534
Tax year 2023
Assessed value
$1,349,110
Assessed 2023
Previous assessed
$1,349,110
+0.0% YoY
Effective rate
2.19%
On assessed value
Assessed land
$1,134,660
Assessed improvement
$214,450
Land market value
$1,134,660
Improvement market value
$214,450
Total market value
$1,349,110
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
2001
Construction
STEEL FRAME
Heating
OTHER
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
16,320 SF
Lot
11.58 ac (504,294 SF)
Zoning code
Z123
APN
300010200A0010000
UPID
US82-4116588
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z123 · Hutchins, TXZoning Z123 · permitted uses
Z123 · Hutchins, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$705,000
RETAIL STORES
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$965,000
WAREHOUSE, STORAGE Current
RETAIL STORES
MEDICAL BUILDING
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
2001
Construction
STEEL FRAME
Heating
OTHER
Cooling
Yes
Stories
1
Buildings
2
Lot
11.58 ac
Current owner
From public records · entity-resolved
Jim Alexander
Individual
Free & Clear · 9 yrs held
Mailing address
PO BOX 765227, DALLAS, TX 75376-5227
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 11, 2017
—
Jim Alexander
—
Deed
related
—
May 9, 2017
—
Jim Alexander
—
Deed
related
$148,107 · Independent Bank
Jul 27, 2009
—
Jim Alexander
—
Trustees Deed
related
$750,000 · Independent Bank
Dec 29, 2008
—
Jim Alexander
—
Trustees Deed
related
$750,000 · Independent Bank
—
—
James E Alexander
—
Deed Of Trust
related
$60,321 · Tax Ease Funding LP
—
—
Alexander,james E
—
Loan Modification
related
$2,432,307 · Plainscapital Bk
—
—
Jim Alexander
—
Deed Of Trust
related
$479,736 · Independent Bank
—
—
Jim Alexander
—
Deed Of Trust
related
$827,393 · Independent Bank
—
—
Jim Alexander
—
Deed Of Trust
related
$517,718 · Independent Bank
—
—
James Alexander
—
Deed Of Trust
related
$2,155,864 · * Other Institutional Lenders
—
—
Jim Alexander
—
Deed Of Trust
related
$1,955,000 · Independent Bank
—
—
Jim Alexander
—
Loan Modification
related
$377,563 · Independent Bk
—
—
Jim Alexander
—
Loan Modification
related
—
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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