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Property profile & analytics
OFF-MARKET
Estimated value
$1,885,000
Distribution centers
2451 Stemmons Fwy Dallas, TX 75207-2601
Individually Owned
20-yr Hold
~
Est. High Equity
Property ID
US82-3568169
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1960
Construction
TILT-UP CONCRETE
Total area
26,529 SF
Lot
1.94 ac (84,506 SF)
Zoning code
Z151
APN
502387000000
UPID
US82-3568169
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
-
FuseMind Inc. (Bike/Boat/Book/etc) Store Corporate Office
-
LeadForce (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.90M
Blend (final)
Blend
$1.89M
Owner & transaction history
Landed Lucky · 20 yrs held
Landed Lucky
since 2006
7 recorded transactions
Zoning & alternative use
Z151 · Dallas, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.1M
+123.9%
Retail stores
$2.8M
+100.9%
Industrial (general)
$1.9M
+39.3%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,380,000
Current use
AUTO REPAIR, GARAGE
$3,095,000
Change: +124% · Conversion: Easy
RETAIL STORES
$2,775,000
Change: +101% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$1,925,000
Change: +39% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,875,000
Change: +36% · Conversion: Moderate
MEDICAL BUILDING
$1,800,000
Change: +30% · Conversion: Difficult
OFFICE BUILDING
$1,760,000
Change: +27% · Conversion: Difficult
Blend value · Realmo final
$1.89M
Range $1.70M – $2.07M · ±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
$71 / 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
$105,839
Tax year 2023
Assessed value
$4,612,140
Assessed 2023
Previous assessed
$4,612,140
+0.0% YoY
Effective rate
2.29%
On assessed value
Assessed land
$2,112,450
Assessed improvement
$2,499,690
Land market value
$2,112,450
Improvement market value
$2,499,690
Total market value
$4,612,140
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
1960
Construction
TILT-UP CONCRETE
Heating
PARTIAL
Cooling
PARTIAL
Buildings
2
Stories
1
Total area
26,529 SF
Lot
1.94 ac (84,506 SF)
Zoning code
Z151
APN
502387000000
UPID
US82-3568169
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z151 · Dallas, TXZoning Z151 · permitted uses
Z151 · Dallas, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$3.1M
RETAIL STORES
Est. value
$2.8M
INDUSTRIAL (GENERAL)
Est. value
$1.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.9M
MEDICAL BUILDING
Est. value
$1.8M
OFFICE BUILDING
Est. value
$1.8M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
RETAIL STORES
INDUSTRIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
OFFICE 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
1960
Construction
TILT-UP CONCRETE
Heating
PARTIAL
Cooling
Yes
Stories
1
Buildings
2
Lot
1.94 ac
Current owner
From public records · entity-resolved
Landed Lucky
Individual
Mailing address
2451 N STEMMONS FWY, DALLAS, TX 75207-2601
Ownership since
2006
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
Apr 7, 2006
—
Landed Lucky
Lv Texas Properties
Grant Deed
$2,125,000 · Comerica Bank
—
—
Landed Lucky LP
—
Deed Of Trust
related
$500,000 · Comerica Bk
—
—
Landed Lucky LP
—
Deed Of Trust
related
$515,525 · Comerica Bank
—
—
Landed Lucky LP
—
Deed Of Trust
related
$1,807,879 · Comerica Bank
—
—
Landed Lucky LP
—
Loan Modification
related
$372,365 · Comerica Bk
—
—
Landed Lucky LP
—
Loan Modification
related
$1,305,834 · Comerica Bk
—
—
Landed Lucky LP
—
Loan Modification
related
$500,000 · Comerica Bk/detroit
—
—
Landed Lucky LP
—
Deed Of Trust
related
$48,000 · 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.
Try Rey
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