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Property profile & analytics
OFF-MARKET
Estimated value
$1,105,000
Manufacturing properties
2324 Fabens Rd Dallas, TX 75229-3313
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US83-3614591
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1984
Construction
STEEL FRAME
Total area
11,700 SF
Lot
0.88 ac (38,202 SF)
Zoning code
Z116
APN
603246000000
UPID
US83-3614591
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
-
Fargo Consultants Inc Engineer
-
terraxplore Engineering Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.03M
Comparable Approach
Comparable
$1.18M
Blend (final)
Blend
$1.11M
Owner & transaction history
Keyon Properties LLC · 18 yrs held
Keyon Properties LLC
since 2008
4 recorded transactions
Zoning & alternative use
Z116 · Dallas, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.8M
+94.6%
Restaurant
$1.6M
+78.2%
Commercial (general)
$1.4M
+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%
$1,110,000
6.5%
$1,025,000
7%
$955,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$925,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,795,000
Change: +95% · Conversion: Difficult
RESTAURANT
$1,645,000
Change: +78% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,395,000
Change: +51% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,365,000
Change: +48% · Conversion: Easy
RETAIL STORES
$995,000
Change: +8% · Conversion: Moderate
MEDICAL BUILDING
$795,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$1.11M
Range $995k – $1.22M · ±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
$94 / 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
$18,260
Tax year 2023
Assessed value
$795,700
Assessed 2023
Previous assessed
$795,700
+0.0% YoY
Effective rate
2.29%
On assessed value
Assessed land
$305,620
Assessed improvement
$490,080
Land market value
$305,620
Improvement market value
$490,080
Total market value
$795,700
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1984
Construction
STEEL FRAME
Heating
PARTIAL
Cooling
PARTIAL
Buildings
2
Stories
1
Total area
11,700 SF
Lot
0.88 ac (38,202 SF)
Zoning code
Z116
APN
603246000000
UPID
US83-3614591
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z116 · Dallas, TX
Zoning Z116 · permitted uses
Z116 · 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
$925,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.8M
RESTAURANT
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.4M
RETAIL STORES
Est. value
$995,000
MEDICAL BUILDING
Est. value
$795,000
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
1984
Construction
STEEL FRAME
Heating
PARTIAL
Cooling
Yes
Stories
1
Buildings
2
Lot
0.88 ac
Current owner
From public records · entity-resolved
Keyon Properties LLC
Entity
Mailing address
4529 CHESTERWOOD DR, PLANO, TX 75093-3519
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 12, 2008
—
Keyon Properties LLC
Mtr Properties Ltd
Grant Deed
$523,000 · Compass Bank
Jun 16, 2004
—
Mtr Properties Ltd
Mt Ptshp Ltd
Grant Deed
related
—
May 29, 2001
—
Mt Partnership Ltd
Maxim Technologies INC
Grant Deed
related
—
—
—
Mt Ptshp Ltd
—
Deed Of Trust
related
$492,176 · James T Haney
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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