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Property profile & analytics
OFF-MARKET
Estimated value
$1,435,000
Distribution centers
2102 Cesar Chavez Blvd Dallas, TX 75215
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US83-3411293
Property summary
AI-generated overview
This exceptional industrial property, located at 2102 S. Cesar Chavez in Dallas, Texas, presents a rare investment opportunity. The 60,548 square foot warehouse boasts a unique two-story design, complete with convenient ramp and dock door access. Its prime location just south of I-30 in Downtown Dallas offers unparalleled connectivity and accessibility. The property's history as a former nightclub/event center adds to its character, while significant recent upgrades enhance its functionality. These improvements include approximately 20,000 square feet of former refrigerated rooms, a substantial 200-ton new HVAC system, and $250,000 in new tile work. The building is zoned PD - 317 (Subdistrict 4) and offers a net rentable area of 59,710 square feet, making it suitable for a variety of industrial uses. Its proximity to the Dallas Farmer's Market provides additional appeal and potential for synergistic business opportunities. This multi-tenant warehouse is ready for immediate occupancy and presents a compelling investment prospect in a thriving Dallas location. The property is situated in Dallas County, Texas, with a zip code of 75226.
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1940
Construction
FRAME
Total area
50,110 SF
Lot
1.39 ac (60,548 SF)
Zoning code
Z239
APN
131851000000
UPID
US83-3411293
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
-
The Cedars Building Hotel & Motel Resort
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$970k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.90M
Blend (final)
Blend
$1.44M
Owner & transaction history
Mag Invest LLC · 5 yrs held
Mag Invest LLC
since 2021
7 recorded transactions
Zoning & alternative use
Z239 · Dallas, TX
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 Dallas submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Dallas 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
$970,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.44M
Range $1.29M – $1.58M · ±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
$29 / 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
$44,692
Tax year 2023
Assessed value
$1,947,540
Assessed 2023
Previous assessed
$1,947,540
+0.0% YoY
Effective rate
2.29%
On assessed value
Assessed land
$1,937,540
Assessed improvement
$10,000
Land market value
$1,937,540
Improvement market value
$10,000
Total market value
$1,947,540
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1940
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
50,110 SF
Lot
1.39 ac (60,548 SF)
Zoning code
Z239
APN
131851000000
UPID
US83-3411293
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z239 · Dallas, TXZoning Z239 · permitted uses
Z239 · Dallas, TX
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
1940
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Lot
1.39 ac
Current owner
From public records · entity-resolved
Mag Invest LLC
Entity
Free & Clear · 5 yrs held
Mailing address
6310 LEMMON AVE STE #202, DALLAS, TX 75209-5849
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 18, 2021
—
Olerio Interests LLC
—
Deed
related
$1,650,000 · Chambers Bank
May 17, 2021
—
Mag Invest LLC
Lucero P Magana
Warranty Deed
—
Feb 20, 2020
—
Paola Magana Lucero
Gustavo Alvarado Hernandez & Rinini
Venders Lien
$235,000 · Lpj Investmonts
Oct 23, 2017
—
Rinini LLC
Alvarado,gustavo H
Grant Deed
related
—
Dec 31, 2012
—
Lpj Investments
Corinth Revitalization LLC
Grant Deed
related
—
Mar 1, 2010
—
Corinth Revitalization LLC
Great Dragon Trading INC
Grant Deed
related
—
Nov 10, 2009
—
Aella LLC
Great Dragon Trading
Grant Deed
related
—
Feb 28, 2000
—
Great Dragon Trading INC
Hodgdon,sue W
Grant Deed
$300,000 · Individual
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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