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

    2241 Crown Rd Dallas, TX 75229-2040

    • Warehouses
    • 16,000 SF
    • 0.57 lot acres
    OFF-MARKET
    Value Estimations
    $420,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3715392
    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

    • Ortega's Body Shop / Auto Repair Shop
    • Performance Motorsports of Dallas / Car Repair And Maintenance Service / Airbrushing Service
    • Sharp Auto Repair / Auto Repair Shop

    Property Details for 2241 Crown Rd

    Year built
    1979
    Construction
    STEEL FRAME
    Lot size
    0.57 lot acres
    Property size
    16,000 SF
    Zone code
    Z116
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    604303000000
    APU
    604303000000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $400,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $446,000
      Market price range: $446k - $1.02M

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.9046
    Latitude
    32.9008
    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
    $14,687
    $124,810
    $515,190
    $640,000
    -
    $124,810
    $515,190
    $640,000

    Comparable in this City

    • Value Estimation
      $330,000
      4,000 SF

      11010 Harry Hines Blvd

      MINI-WAREHOUSE, STORAGE • 4,000 SF
      11010 Harry Hines Blvd, Dallas, TX 75229-5701
      View Details
    • Value Estimation
      $820,000
      25,400 SF

      11227 Goodnight Ln

      MINI-WAREHOUSE, STORAGE • 25,400 SF
      11227 Goodnight Ln, Dallas, TX 75229-3308
      View Details
    • Value Estimation
      $760,000
      48,372 SF

      11233 Leo Ln

      MINI-WAREHOUSE, STORAGE • 48,372 SF
      11233 Leo Ln, Dallas, TX 75229-4715
      View Details
    • Value Estimation
      $915,000
      92,700 SF

      2527 Royal Ln

      MINI-WAREHOUSE, STORAGE • 92,700 SF
      2527 Royal Ln, Dallas, TX 75229-3485
      View Details
    • Value Estimation
      $670,000
      92,350 SF

      2861 Walnut Hl Ln

      MINI-WAREHOUSE, STORAGE • 92,350 SF
      2861 Walnut Hl Ln, Dallas, TX 75229-5711
      View Details
    • Value Estimation
      $510,000
      5,160 SF

      2100 Walnut Hl Ln

      MINI-WAREHOUSE, STORAGE • 5,160 SF
      2100 Walnut Hl Ln, Dallas, TX 75229
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      14,103 SF

      Retail/Flex Building on Harry Hines

      14,103 SF retail/flex building with showroom and warehouse space.
      11605 Harry Hines Blvd, Dallas, TX 75229
      View Details
    • Contact for pricing
      26,475 SF

      Dallas Warehouse Space Available

      26,475 square foot warehouse space in Dallas, Texas.
      2707 Satsuma Dr, Dallas, TX 75229
      View Details
    • $2,750,000
      13,050 SF

      Dallas Infill Industrial Opportunity

      Industrial property in Dallas infill location with high proforma upside.
      11166 Ables Ln, Dallas, TX 75229
      View Details
    • $700,000
      4.10 Acres

      Versatile Dallas Warehouse and Office

      Centrally located warehouse and office space in Northwest Dallas.
      11127 Shady Trl, Dallas, TX 75229
      View Details
    • $450,000
      1,800 SF

      Southwell Road Flex Condo Investment

      Dallas Flex Space: 1,800 SF, $250/SF
      2578 Southwell Rd, Dallas, TX 75229
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    • Contact for pricing
      33,436 SF

      Dual Flex Buildings For Sale

      Flex buildings with unmatched visibility, ideal for distribution or showroom.
      11670 Harry Hines Blvd, Dallas, TX 75229
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      15,326 SF

      Dallas County Flex Space - 15,326 SF

      Prime Dallas County flex warehouse; 4,600 SF vacant.
      11359 Kline Dr, Dallas, TX 75229
      View Details
    • $10 SF/Yr
      23,700 SF

      Industrial Warehouse Space in Dallas

      23,700 SF warehouse space available for lease in Dallas.
      11243 Leo Ln, Dallas, TX 75229
      View Details
    • Contact for pricing
      5,000 SF

      Versatile Flex Space with Yard

      5,000 SF flex space with storage yard and parking.
      11412-11416 Newkirk St, Dallas, TX 75229
      View Details
    • Contact for pricing
      42,600 SF

      Dallas Warehouse Space Available

      42,600 SF warehouse space for lease in Dallas.
      750 N Royal Ln, Dallas, TX 75229
      View Details
    • $10 SF/Yr
      22,459 SF

      Dallas Flex Space for Lease

      Two Suites Available, Prime Dallas Location
      11075 Harry Hines Blvd, Dallas, TX 75229
      View Details
    • Contact for pricing
      44,000 SF

      Dallas Warehouse Space Available

      44,000 sq ft warehouse space for lease in Dallas.
      2416 Walnut Ridge St, Dallas, TX 75229
      View Details
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    2241 Crown Rd
    Dallas, TX 75229-2040
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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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