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Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Distribution centers
3131 Premier Dr Irving, TX 75063-2636
Entity Owned
28-yr Hold
~
Est. High Equity
Property ID
US82-4195078
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1981
Construction
TILT-UP CONCRETE
Total area
21,608 SF
Lot
3.4 ac (148,191 SF)
Zoning code
Z128
APN
32668000000010000
UPID
US82-4195078
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
-
Cosmetic Labs LP Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$745k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$395k
Blend (final)
Blend
$570k
Owner & transaction history
Ksm Real Estate LP · 28 yrs held
Ksm Real Estate LP
since 1998
2 recorded transactions
Zoning & alternative use
Z128 · Irving, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$925,000
+204.3%
Neighborhood: shopping center
$785,000
+158.3%
Commercial (general)
$635,000
+109.6%
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
$745,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$925,000
Change: +204% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$785,000
Change: +158% · Conversion: Moderate
COMMERCIAL (GENERAL)
$635,000
Change: +110% · Conversion: Difficult
OFFICE BUILDING
$540,000
Change: +77% · Conversion: Difficult
Blend value · Realmo final
$570k
Range $513k – $627k · ±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
$26 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$74,130
Tax year 2024
Assessed value
$3,388,260
Assessed 2024
Previous assessed
$3,388,260
+0.0% YoY
Effective rate
2.19%
On assessed value
Assessed land
$1,778,290
Assessed improvement
$1,609,970
Land market value
$1,778,290
Improvement market value
$1,609,970
Total market value
$3,388,260
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
1981
Construction
TILT-UP CONCRETE
Heating
PARTIAL
Cooling
PARTIAL
Buildings
3
Stories
1
Total area
21,608 SF
Lot
3.4 ac (148,191 SF)
Zoning code
Z128
APN
32668000000010000
UPID
US82-4195078
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z128 · Irving, TX
Zoning Z128 · permitted uses
Z128 · 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
RETAIL STORES
Est. value
$925,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$785,000
COMMERCIAL (GENERAL)
Est. value
$635,000
OFFICE BUILDING
Est. value
$540,000
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
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
1981
Construction
TILT-UP CONCRETE
Heating
PARTIAL
Cooling
Yes
Stories
1
Buildings
3
Lot
3.4 ac
Current owner
From public records · entity-resolved
Ksm Real Estate LP
Entity
Mailing address
3131 PREMIER DR, IRVING, TX 75063-2636
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
1998
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 20, 1998
—
Ksm Real Estate LP
Dfw Opportunity Fund I Ltd
Grant Deed
$1,925,967 · Money Store Commercial Mtg
Feb 26, 1997
—
Dfw Opportunity Fund I Ltd
Smith,pete W
Grant Deed
related
$850,000 · Bank One Texas NA
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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