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Property profile & analytics
OFF-MARKET
Estimated value
$4,780,000
Industrial properties
2108 Joe Fld Rd Dallas, TX 75229-3255
Individually Owned
Free & Clear
Property ID
US82-2299930
Property profile
Verified
Property type
Industrial properties
Use group
HEAVY INDUSTRIAL
Year built
1965
Construction
STEEL FRAME
Total area
47,690 SF
Lot
19.76 ac (860,702 SF)
Zoning code
Z239
APN
006537000A0010000
UPID
US82-2299930
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
-
Hensley Employees parking Parking Lot & Garage
-
Hensley Industries, Inc Industrial Manufacturer Production Facility
-
Joe Cary Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.19M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.78M
Owner & transaction history
G H HENSLEY
G H HENSLEY
Zoning & alternative use
Z239 · Dallas, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$7.3M
+94.6%
Restaurant
$6.7M
+78.2%
Commercial (general)
$5.7M
+50.9%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$4,530,000
6.5%
$4,185,000
7%
$3,885,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,765,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$7,320,000
Change: +95% · Conversion: Difficult
RESTAURANT
$6,705,000
Change: +78% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,675,000
Change: +51% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,560,000
Change: +48% · Conversion: Easy
RETAIL STORES
$4,055,000
Change: +8% · Conversion: Moderate
MEDICAL BUILDING
$3,235,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$4.78M
Range $4.30M – $5.26M · ±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
$100 / 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
$174,403
Tax year 2023
Assessed value
$7,600,000
Assessed 2023
Previous assessed
$7,600,000
+0.0% YoY
Effective rate
2.29%
On assessed value
Assessed land
$1,295,430
Assessed improvement
$6,304,570
Land market value
$1,295,430
Improvement market value
$6,304,570
Total market value
$7,600,000
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
Industrial properties
Use group
HEAVY INDUSTRIAL
Status
Off-Market
Year built
1965
Construction
STEEL FRAME
Heating
NONE
Cooling
OTHER
Buildings
10
Stories
1
Total area
47,690 SF
Lot
19.76 ac (860,702 SF)
Zoning code
Z239
APN
006537000A0010000
UPID
US82-2299930
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z239 · Dallas, TX
Zoning Z239 · permitted uses
Z239 · Dallas, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Dallas. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$3.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.3M
RESTAURANT
Est. value
$6.7M
COMMERCIAL (GENERAL)
Est. value
$5.7M
AUTO REPAIR, GARAGE
Est. value
$5.6M
RETAIL STORES
Est. value
$4.1M
MEDICAL BUILDING
Est. value
$3.2M
INDUSTRIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
COMMERCIAL (GENERAL)
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
1965
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
10
Lot
19.76 ac
Current owner
From public records · entity-resolved
G H HENSLEY
Individual
Free & Clear · 0 yrs held
Mailing address
PO BOX 29779, DALLAS, TX 75229-0779
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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