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Property profile & analytics
OFF-MARKET
Estimated value
$4,730,000
Showrooms
3208 Belt Line Rd Farmers Branch, TX 75234-2347
Entity Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-0176228
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1974
Construction
TILT-UP CONCRETE
Total area
39,900 SF
Lot
9.76 ac (425,363 SF)
Zoning code
Z123
APN
24014500010010100
UPID
US82-0176228
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
$4.55M
Blend (final)
Blend
$4.73M
Owner & transaction history
Ps Business Parks LP · 10 yrs held
Ps Business Parks LP
since 2015
6 recorded transactions
Zoning & alternative use
Z123 · Farmers Branch, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.1M
+120.0%
Auto repair, garage
$4.7M
+69.0%
Office building
$3.2M
+15.1%
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 Farmers Branch submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Farmers Branch 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
RESTAURANT
$6,060,000
Change: +120% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,655,000
Change: +69% · Conversion: Difficult
OFFICE BUILDING
$3,170,000
Change: +15% · Conversion: Easy
Blend value · Realmo final
$4.73M
Range $4.26M – $5.20M · ±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
$119 / 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
$132,164
Tax year 2023
Assessed value
$6,300,000
Assessed 2023
Previous assessed
$6,300,000
+0.0% YoY
Effective rate
2.10%
On assessed value
Assessed land
$2,977,660
Assessed improvement
$3,322,340
Land market value
$2,977,660
Improvement market value
$3,322,340
Total market value
$6,300,000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1974
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Buildings
5
Stories
1
Total area
39,900 SF
Lot
9.76 ac (425,363 SF)
Zoning code
Z123
APN
24014500010010100
UPID
US82-0176228
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z123 · Farmers Branch, TX
Zoning Z123 · permitted uses
Z123 · Farmers Branch, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Farmers Branch. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$6.1M
AUTO REPAIR, GARAGE
Est. value
$4.7M
OFFICE BUILDING
Est. value
$3.2M
RESTAURANT
AUTO REPAIR, GARAGE
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
1974
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
5
Lot
9.76 ac
Current owner
From public records · entity-resolved
Ps Business Parks LP
Entity
Free & Clear · 10 yrs held
Mailing address
345 N PARK AVE STE #225, NEW YORK, NY 10154-0004
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 1, 2024
—
3210 Bp Beltline LLC
—
Deed
related
—
Jul 22, 2022
—
B9 Sequoia Northway Plaza Owner LP
—
Deed
related
$5,467,240 · Bank Of America NA
Jul 27, 2015
—
Ps Business Parks LP
Psb Dallas Flex LLC
Quit Claim Deed
related
—
Jan 14, 2010
—
Civf I-tx1w11-tx1w17 LP
—
Deed Of Trust
related
$70,000,000 · Jackson National Life Ins Co
Jul 1, 2005
—
Civf I-tx1w11-tx1w17
—
Deed Of Trust
related
$62,740,000 · Jackson National Life Ins Co
Dec 27, 2004
—
Civf I-tx1w11-tx1w17
Itw Mtg Investments II INC
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.
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