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Property profile & analytics
OFF-MARKET
Warehouses
3150 Sherwood Ave Lancaster, TX 75134-1528
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US82-1894498
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1978
Construction
STEEL FRAME
Total area
11,647 SF
Lot
1.25 ac (54,406 SF)
Zoning code
Z47
APN
60018500050110000
UPID
US82-1894498
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
-
King Trailer Repair LLC Auto Repair Shop
-
Elite Bus Service LLC Freight Service Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
J & R Landmark Const Corp · 9 yrs held
J & R Landmark Const Corp
since 2017
4 recorded transactions
Zoning & alternative use
Z47 · Lancaster, 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 Lancaster submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lancaster 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
—
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
$10,721
Tax year 2023
Assessed value
$444,690
Assessed 2023
Previous assessed
$444,690
+0.0% YoY
Effective rate
2.41%
On assessed value
Assessed land
$163,200
Assessed improvement
$281,490
Land market value
$163,200
Improvement market value
$281,490
Total market value
$444,690
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
1978
Construction
STEEL FRAME
Heating
OTHER
Cooling
OTHER
Stories
1
Total area
11,647 SF
Lot
1.25 ac (54,406 SF)
Zoning code
Z47
APN
60018500050110000
UPID
US82-1894498
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z47 · Lancaster, TX
Zoning Z47 · permitted uses
Z47 · Lancaster, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lancaster. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1978
Construction
STEEL FRAME
Heating
OTHER
Cooling
Yes
Stories
1
Lot
1.25 ac
Current owner
From public records · entity-resolved
J & R Landmark Const Corp
Entity
Mailing address
800 W AIRPORT FWY STE #600, IRVING, TX 75062-6207
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 23, 2017
—
J & R Landmark Const Corp
Rodriguez,ramiro
Warranty Deed
$551,822 · Bank Of Desoto
Jun 9, 2009
$785,000
Bank Of Desoto NA
Mccarthy Vicki K
Trustees Deed
related
—
May 4, 2007
—
J W Grimes Family
—
Trustees Deed
related
$100,000 · Bank Of Desoto NA
Jul 20, 2005
—
Grimes Family Trust
Grimes Family Trust Family
Quit Claim 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.
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