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Property profile & analytics
OFF-MARKET
Warehouses
205 Van St, Lindale, TX 75771
Individually Owned
20-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-4441123
Property summary
AI-generated overview
This 1,000 square foot retail property, located at 205 W Van St in Lindale, Texas, 75771, presents a unique investment opportunity. Built in 1975, this two-story building sits on a 0.258-acre lot (APN: 130000001000002000) and is zoned for Commercial Downtown Mixed Use District, offering diverse potential uses. Previously used as a schoolhouse, the property features multiple rooms suitable for various business types, including retail, office, or storage. Its prime location just off Highway 69, in the heart of Lindale's thriving downtown area, places it amongst successful retail establishments and restaurants. The asking price is $150,000, translating to $150 per square foot. This property offers significant potential for appreciation, making it ideal for business owners, 1031 exchange investors, or those seeking a high-value residential or commercial rental investment. An adjoining property is also available.
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1975
Total area
1,000 SF
Lot
0.26 ac (11,195 SF)
APN
1-30000-0010-00-002000
UPID
US82-4441123
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Alvaro Corrada · 20 yrs held
Alvaro Corrada
since 2006
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Lindale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lindale 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2024Property tax & assessments
Tax year 2024
Tax billed
$1,124
Tax year 2024
Assessed value
$65,285
Assessed 2024
Previous assessed
$48,781
+33.8% YoY
Effective rate
1.72%
On assessed value
Assessed land
$51,137
Assessed improvement
$14,148
Land market value
$51,137
Improvement market value
$14,148
Total market value
$65,285
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
1975
Heating
YES
Stories
1
Bathrooms
1
Total area
1,000 SF
Lot
0.26 ac (11,195 SF)
APN
1-30000-0010-00-002000
UPID
US82-4441123
Jurisdiction
SMITH
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1975
Heating
YES
Stories
1
Bathrooms
1
Lot
0.26 ac
Current owner
From public records · entity-resolved
Alvaro Corrada
Individual
Mailing address
9710 PIERCE RD, LINDALE, TX 75771-7116
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 15, 2019
—
Lifesource Cmnty Church-lindal
—
Deed
related
$80,000 · Lindale Hldgs LLC
Feb 24, 2006
—
Alvaro Corrada
Central Baptist Church
Warranty Deed
$425,000 · Lindale St Bk
—
—
Lifesource Cmnty Church-lindal
—
Deed Of Trust
related
$80,000 · Lindale Hldgs LLC
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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