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Property profile & analytics
OFF-MARKET
Estimated value
$585,000
Industrial properties
3600 Commerce St Dallas, TX 75226-1726
Individually Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-4419183
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Year built
1945
Construction
TILT-UP CONCRETE
Total area
9,160 SF
Lot
0.2 ac (8,600 SF)
Zoning code
Z239
APN
128338000000
UPID
US82-4419183
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
-
Blowouts & Company Hair Salon
-
The Lash Loft Hair Salon Nail Salon
-
Jayce & Sons Air Duct Cleaning HVAC Service
-
Bridgett H Dallas Stylist | Short Hair Stylist | Hair Extensions | Sewins | Make Up Artist Hair Salon
-
Dennis Balayage Denzel Color Specialist Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$385k
CAP Approach
CAP
$805k
Comparable Approach
Comparable
$561k
Blend (final)
Blend
$585k
Owner & transaction history
George M Reeves · 9 yrs held
George M Reeves
since 2016
7 recorded transactions
Zoning & alternative use
Z239 · Dallas, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$920,000
+79.1%
Office building
$730,000
+42.5%
Neighborhood: shopping center
$695,000
+35.9%
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 Dallas submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Dallas 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
$385,000
CAP Approach
CAP Return
Estimation
6%
$870,000
6.5%
$805,000
7%
$745,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$515,000
Current use
RETAIL STORES
$920,000
Change: +79% · Conversion: Moderate
OFFICE BUILDING
$730,000
Change: +42% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$695,000
Change: +36% · Conversion: Difficult
MEDICAL BUILDING
$620,000
Change: +21% · Conversion: Difficult
Blend value · Realmo final
$585k
Range $527k – $644k · ±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
$64 / 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
$18,206
Tax year 2023
Assessed value
$793,360
Assessed 2023
Previous assessed
$793,360
+0.0% YoY
Effective rate
2.29%
On assessed value
Assessed land
$301,000
Assessed improvement
$492,360
Land market value
$301,000
Improvement market value
$492,360
Total market value
$793,360
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
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Status
Off-Market
Year built
1945
Construction
TILT-UP CONCRETE
Heating
OTHER
Stories
2
Units
10
Total area
9,160 SF
Lot
0.2 ac (8,600 SF)
Zoning code
Z239
APN
128338000000
UPID
US82-4419183
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z239 · Dallas, TX
Zoning Z239 · permitted uses
Z239 · Dallas, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Dallas. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$515,000
RETAIL STORES
Est. value
$920,000
OFFICE BUILDING
Est. value
$730,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$695,000
MEDICAL BUILDING
Est. value
$620,000
INDUSTRIAL (GENERAL) Current
RETAIL STORES
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1945
Construction
TILT-UP CONCRETE
Heating
OTHER
Stories
2
Units
10
Lot
0.2 ac
Current owner
From public records · entity-resolved
George M Reeves
Individual
Mailing address
2601 N CARROLL AVE, DALLAS, TX 75204-3009
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
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
Aug 23, 2016
—
George M Reeves
—
Deed
related
$180,000 · Independent Bk
Aug 1, 2013
—
City Pocket Ltd
—
Trustees Deed
related
$250,000 · Live Oak St Bk
—
—
George M Reeves
—
Loan Modification
related
$244,000 · Independent Bk
—
—
George M Reeves
—
Loan Modification
related
$180,000 · Independent Bk
—
—
Reeves,george M
—
Loan Modification
related
$250,000 · Independent Bk
—
—
George M Reeves
—
Deed Of Trust
related
$158,000 · Live Oak State Bank
—
—
George M Reeves
—
Deed Of Trust
related
$300,000 · Live Oak State Bank
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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