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Property profile & analytics
OFF-MARKET
Estimated value
$620,000
Warehouses
2405 State Hwy 356, Irving, TX 75060
Entity Owned
9-yr Hold
Free & Clear
Property ID
US82-5447374
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2011
Construction
STEEL FRAME
Total area
5,914 SF
Lot
1.72 ac (74,836 SF)
Zoning code
Z393
APN
32398920520010000
UPID
US82-5447374
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
$405k
CAP Approach
CAP
$845k
Comparable Approach
Comparable
$609k
Blend (final)
Blend
$620k
Owner & transaction history
2405 E Hwy 356 LLC · 9 yrs held
2405 E Hwy 356 LLC
since 2017
7 recorded transactions
Zoning & alternative use
Z393 · Irving, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$925,000
+133.4%
Office building
$710,000
+78.5%
Medical building
$620,000
+56.5%
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 Irving submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Irving 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
$405,000
CAP Approach
CAP Return
Estimation
6%
$915,000
6.5%
$845,000
7%
$785,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$395,000
Current use
RESTAURANT
$925,000
Change: +133% · Conversion: Difficult
OFFICE BUILDING
$710,000
Change: +79% · Conversion: Difficult
MEDICAL BUILDING
$620,000
Change: +57% · Conversion: Difficult
AUTO REPAIR, GARAGE
$590,000
Change: +49% · Conversion: Easy
RETAIL STORES
$585,000
Change: +47% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$405,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$620k
Range $558k – $682k · ±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
$105 / 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
$11,245
Tax year 2023
Assessed value
$520,000
Assessed 2023
Previous assessed
$520,000
+0.0% YoY
Effective rate
2.16%
On assessed value
Assessed land
$112,280
Assessed improvement
$407,720
Land market value
$112,280
Improvement market value
$407,720
Total market value
$520,000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2011
Construction
STEEL FRAME
Heating
OTHER
Cooling
OTHER
Stories
1
Total area
5,914 SF
Lot
1.72 ac (74,836 SF)
Zoning code
Z393
APN
32398920520010000
UPID
US82-5447374
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z393 · Irving, TX
Zoning Z393 · permitted uses
Z393 · Irving, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Irving. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$395,000
RESTAURANT
Est. value
$925,000
OFFICE BUILDING
Est. value
$710,000
MEDICAL BUILDING
Est. value
$620,000
AUTO REPAIR, GARAGE
Est. value
$590,000
RETAIL STORES
Est. value
$585,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$405,000
WAREHOUSE, STORAGE Current
RESTAURANT
OFFICE BUILDING
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
2011
Construction
STEEL FRAME
Heating
OTHER
Cooling
Yes
Stories
1
Lot
1.72 ac
Current owner
From public records · entity-resolved
2405 E Hwy 356 LLC
Entity
Free & Clear · 9 yrs held
Mailing address
2447 E STATE HWY 356, IRVING, TX 75060-3325
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 23, 2023
—
2405 E Hwy 356 LLC
—
Deed
related
$2,500,000 · Comerica Bank
Mar 10, 2020
—
Dallas Trailer Repair Co INC
—
Deed
related
$350,000 · Comerica Bk
Dec 18, 2018
—
2405 E Hwy 356 LLC
—
Deed
related
$350,000 · Comerica Bk
May 12, 2017
—
2405 E Hwy 356 LLC
Carter,keith E & Jayne R
Warranty Deed
related
—
Jan 6, 2010
—
Keith E Carter
Peek,edgar H
Warranty Deed
$222,500 · Edgar H Peek
—
—
2405 E Hwy 356 LLC
—
Deed Of Trust
related
$350,000 · Comerica Bk
—
—
Keith E Carter
—
Deed Of Trust
related
$535,000 · Comerica Bank
—
—
Keith E Carter
—
Deed Of Trust
related
$796,597 · Comerica Bk
—
—
Dallas Trailer Repair Co INC
—
Loan Modification
related
$350,000 · Comerica Bk
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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