Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3373 Towerwood Dr Farmers Branch, TX 75234-2316
    Back to Search
    Property profile & analytics

    3373 Towerwood Dr, Farmers Branch, TX 75234-2316

    View on Map
    • Warehouses
    • 21,068 SF
    • 0.97 lot acres
    Off-Market
    Last Sale Aug 12, 2020
    Property ID
    US82-4339841
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 3373 Towerwood Dr

    Year built
    1972
    Construction
    TILT-UP CONCRETE
    Lot size
    0.97 lot acres
    Zone code
    Z123
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    24014500010030000
    APU
    24014500010030000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 12, 2020 — Towerwood Properties LLC Elite Dallas Property INC Venders Lien $1.4M · Bokf NA
    Apr 2, 2013 — Elite Dallas Property INC Jost,monroe D Grant Deed $250k · Monroe D Jost
    Sep 19, 2011 — Monroe D Jost Bowring,ron Warranty Deed · related —
    — — Monroe D Jost — Deed Of Trust · related $500k · Comerica Bank
    — — Monroe Jost — Deed Of Trust · related $656k · Texas Capital Bank NA

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Farmers Branch
    County
    Dallas
    State
    Texas
    Longitude
    -96.8636
    Latitude
    32.9519
    CBSA code
    19100
    CBSA name
    DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $21,871
    $168,840
    $873,710
    $1,042,550
    -
    $168,840
    $873,710
    $1,042,550

    Comparable in this City

    • Value Estimation
      $1,320,000
      54,970 SF

      13900 Senlac Dr

      MINI-WAREHOUSE, STORAGE
      13900 Senlac Dr, Farmers Branch, TX 75234-8824
      View Details
    • Value Estimation
      $780,000
      28,292 SF

      2121 Vly Vw Ln

      MINI-WAREHOUSE, STORAGE
      2121 Vly Vw Ln, Farmers Branch, TX 75234-8912
      View Details
    • Value Estimation
      $800,000
      29,041 SF

      3120 Towerwood Dr

      MINI-WAREHOUSE, STORAGE
      3120 Towerwood Dr, Farmers Branch, TX 75234-2313
      View Details
    • Value Estimation
      $1,385,000
      74,400 SF

      13241 Vly Br Ln

      MINI-WAREHOUSE, STORAGE
      13241 Vly Br Ln, Farmers Branch, TX 75234-5739
      View Details
    • Value Estimation by Request
      2,000 SF

      13500 Mcclintock St

      MINI-WAREHOUSE, STORAGE
      13500 Mcclintock St, Farmers Branch, TX 75234-4728
      View Details
    • Value Estimation
      $900,000
      26,768 SF

      13777 Bee St

      MINI-WAREHOUSE, STORAGE
      13777 Bee St, Farmers Branch, TX 75234-4765
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      52,200 SF

      Warehouse Space with Easy Access

      8,000 SF warehouse space with convenient highway access.
      13906-13910 Distribution Way, Farmers Branch, TX 75234
      View Details
    • Contact for pricing

      High Visibility Retail/Industrial Property

      3.36-acre property with high visibility and mixed-use potential.
      2605 Lyndon B Johnson Fwy, Dallas, TX 75234
      View Details
    • Contact for pricing
      35,088 SF

      Dallas Warehouse with Office Space

      35,088 SF warehouse with 6,806 SF office space.
      3505 Garden Brook Dr, Dallas, TX 75234
      View Details
    • Contact for pricing
      50,844 SF

      Corners Shopping Center: Prime Retail Space

      Farmers Branch, TX Restaurant Retail Opportunity
      2825 Valley View Ln, Farmers Branch, TX 75234
      View Details
    • Contact for pricing
      2,137 SF

      New Modern Townhome Ready Now

      Newly constructed 3-bedroom, 2.5-bath townhome with modern open concept.
      1832 Wittington Pl, Farmers Branch, TX 75234
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      13,782 SF

      Warehouse with I-35 Visibility

      Warehouse space with I-35 access and high visibility.
      13990 N Stemmons Fwy, Dallas, TX 75234
      View Details
    • Contact for pricing
      56,000 SF

      Carrollton Warehouse with Truck Court

      Industrial warehouse space featuring dock doors and truck court.
      1615 Diplomat Dr, Carrollton, TX 75234
      View Details
    • Contact for pricing

      Warehouse Space with Freeway Access

      Warehouse space with great access to I-35 and LBJ Freeway.
      N Stemmons Fwy, Carrollton, TX 75234
      View Details
    • Contact for pricing
      8,067 SF

      Industrial-Office Space For Lease

      26,210 SF industrial-office space available for lease.
      13777 Bee St, Dallas, TX 75234
      View Details
    • Contact for pricing
      3,780 SF

      Farmers Branch Warehouse Space Available

      Warehouse space available in Farmers Branch, dock-high loading.
      11425 Mathis Ave, Farmers Branch, TX 75234
      View Details
    • Contact for pricing
      4,539 SF

      Farmers Branch Warehouse Space Available

      4,539 SF warehouse space with dock high doors.
      2115 W Valley View Ln, Farmers Branch, TX 75234
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3373 Towerwood Dr
    Farmers Branch, TX 75234-2316
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3373 Towerwood Dr, Farmers Branch, TX, 75234
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!