New search
Property profile & analytics
OFF-MARKET
Estimated value
$2,970,000
Warehouses
3300 Enterprise Dr, Rowlett, TX 75088-4085
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US82-0305771
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1978
Construction
STEEL FRAME
Total area
43,110 SF
Lot
5.09 ac (221,895 SF)
Zoning code
Z236
APN
44016510000070000
UPID
US82-0305771
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
-
AZZ Surface Technologies - Rowlett Powder Coating Service Painting
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.35M
Comparable Approach
Comparable
$2.60M
Blend (final)
Blend
$2.97M
Owner & transaction history
Ras Commercial Real Estate LLC · 13 yrs held
Ras Commercial Real Estate LLC
since 2012
7 recorded transactions
Zoning & alternative use
Z236 · Rowlett, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$4.4M
+75.6%
Commercial (general)
$4.1M
+62.6%
Medical building
$3.9M
+52.8%
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 Rowlett submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rowlett 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%
$3,620,000
6.5%
$3,345,000
7%
$3,105,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,525,000
Current use
RETAIL STORES
$4,435,000
Change: +76% · Conversion: Moderate
COMMERCIAL (GENERAL)
$4,105,000
Change: +63% · Conversion: Difficult
MEDICAL BUILDING
$3,855,000
Change: +53% · Conversion: Difficult
Blend value · Realmo final
$2.97M
Range $2.67M – $3.27M · ±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
$69 / 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
$65,802
Tax year 2023
Assessed value
$2,850,000
Assessed 2023
Previous assessed
$2,850,000
+0.0% YoY
Effective rate
2.31%
On assessed value
Assessed land
$1,109,480
Assessed improvement
$1,740,520
Land market value
$1,109,480
Improvement market value
$1,740,520
Total market value
$2,850,000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1978
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
43,110 SF
Lot
5.09 ac (221,895 SF)
Zoning code
Z236
APN
44016510000070000
UPID
US82-0305771
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z236 · Rowlett, TX
Zoning Z236 · permitted uses
Z236 · Rowlett, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Rowlett. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$2.5M
RETAIL STORES
Est. value
$4.4M
COMMERCIAL (GENERAL)
Est. value
$4.1M
MEDICAL BUILDING
Est. value
$3.9M
WAREHOUSE, STORAGE Current
RETAIL STORES
COMMERCIAL (GENERAL)
MEDICAL 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
1978
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Lot
5.09 ac
Current owner
From public records · entity-resolved
Ras Commercial Real Estate LLC
Entity
Mailing address
505 LAS LOMAS DR, HEATH, TX 75032-2008
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 5, 2024
—
Ras Commercial Real Estate LLC
—
Deed
related
—
Feb 7, 2018
—
Ras Commercial Real Estate LLC
—
Deed
related
—
Aug 2, 2012
—
Ras Commercial Real Estate LLC
Smith,ross A
Warranty Deed
$1,074,723 · Inwood National Bank
Jul 24, 2003
—
Ross A Smith
Universal Display & Fixtures
Grant Deed
$689,600 · Bank One NA
—
—
Ras Commercial Real Estate LLC
—
Loan Modification
related
$1,074,723 · Inwood National Bank
—
—
Preferred Industries Ltd
—
Deed Of Trust
related
$12,067,177 · Private Individual
—
—
Ross A Smith
—
Deed Of Trust
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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