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Property profile & analytics
FOR LEASE
Distribution centers
2525 S Shiloh Rd, Garland, TX 75041
Entity Owned
11-yr Hold
Free & Clear
Property ID
US82-1958717
For Lease
1 / 4
$2,285,000
2525 S Shiloh Rd, Garland, TX 75041
View Listing →
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1979
Construction
TILT-UP CONCRETE
Total area
192,720 SF
Lot
7.84 ac (341,380 SF)
Zoning code
Z144
APN
26391620010010000
UPID
US82-1958717
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.29M
Owner & transaction history
Colfin Cobalt I-ii Owner LLC · 11 yrs held
Colfin Cobalt I-ii Owner LLC
since 2014
5 recorded transactions
Zoning & alternative use
Z144 · Garland, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Garland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Garland 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$12 / 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
$171,614
Tax year 2023
Assessed value
$7,500,000
Assessed 2023
Previous assessed
$7,500,000
+0.0% YoY
Effective rate
2.29%
On assessed value
Assessed land
$1,365,520
Assessed improvement
$6,134,480
Land market value
$1,365,520
Improvement market value
$6,134,480
Total market value
$7,500,000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
For Lease
Year built
1979
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
192,720 SF
Lot
7.84 ac (341,380 SF)
Zoning code
Z144
APN
26391620010010000
UPID
US82-1958717
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z144 · Garland, TX
Zoning Z144 · permitted uses
Z144 · Garland, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Garland. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1979
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
7.84 ac
Current owner
From public records · entity-resolved
Colfin Cobalt I-ii Owner LLC
Entity
Free & Clear · 11 yrs held
Mailing address
2450 BROADWAY STE #600, SANTA MONICA, CA 90404-3591
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 7, 2022
—
Colfin Cobalt I II Owner LLC
—
Deed
related
$143,500,000 · Citibank NA
Dec 17, 2019
—
Colfin Cobalt I II Owner LLC
—
Deed
related
—
Dec 22, 2014
—
Colfin Cobalt I-ii Owner LLC
Cobalt Industrial Reit
Quit Claim Deed
related
—
Dec 22, 2010
—
Cobalt Industrial Reit
—
Deed Of Trust
related
$128,769,120 · Reliastar Life Insurance Co
Aug 28, 2006
—
Cobalt Industrial Reit
Realty Associates Fund V
Grant Deed
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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