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Property profile & analytics
OFF-MARKET
Estimated value
$5,480,000
Distribution centers
3615 Pipestone Rd, Dallas, TX 75212-6110
Entity Owned
5-yr Hold
Free & Clear
Property ID
US82-4332119
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1975
Construction
TILT-UP CONCRETE
Total area
102,240 SF
Lot
4.75 ac (206,779 SF)
Zoning code
Z115
APN
700592550000
UPID
US82-4332119
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
$4.58M
Blend (final)
Blend
$5.48M
Owner & transaction history
Westcore Alpha Dallas I LLC · 5 yrs held
Westcore Alpha Dallas I LLC
since 2020
7 recorded transactions
Zoning & alternative use
Z115 · Dallas, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$7.2M
+41.7%
Medical building
$6.9M
+36.0%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$5,100,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$7,225,000
Change: +42% · Conversion: Moderate
MEDICAL BUILDING
$6,935,000
Change: +36% · Conversion: Difficult
Blend value · Realmo final
$5.48M
Range $4.93M – $6.03M · ±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
$54 / 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
$110,149
Tax year 2023
Assessed value
$4,800,000
Assessed 2023
Previous assessed
$4,800,000
+0.0% YoY
Effective rate
2.29%
On assessed value
Assessed land
$413,530
Assessed improvement
$4,386,470
Land market value
$413,530
Improvement market value
$4,386,470
Total market value
$4,800,000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1975
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
102,240 SF
Lot
4.75 ac (206,779 SF)
Zoning code
Z115
APN
700592550000
UPID
US82-4332119
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z115 · Dallas, TX
Zoning Z115 · permitted uses
Z115 · 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
WAREHOUSE, STORAGE Current
Est. value
$5.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.2M
MEDICAL BUILDING
Est. value
$6.9M
WAREHOUSE, STORAGE Current
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
1975
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
4.75 ac
Current owner
From public records · entity-resolved
Westcore Alpha Dallas I LLC
Entity
Free & Clear · 5 yrs held
Mailing address
4350 LA JOLLA VLG DR STE #900, SAN DIEGO, CA 92122-1246
Ownership since
2020
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
Oct 4, 2022
—
Westcore Alpha Dallas I LLC
—
Deed
related
$173,480,000 · Bank Of America NA
Oct 15, 2020
—
Westcore Alpha Dallas I LLC
Sl3 Dfw Industrial I LLC
Grant Deed
related
—
Apr 17, 2018
—
Sl3 Dfw Industrial I LLC
—
Deed
related
$25,000 · Miscellaneous Ins Co
Jul 18, 2017
—
Sl3 Dfw Industrial I LLC
—
Loan Modification
related
$100,000,000 · Bank Of America
Oct 6, 2016
—
Sl3 Dfw Industrial I LLC
—
Deed
related
—
—
—
Sl3 Dfw Industrial I LLC
—
Deed Of Trust
related
—
—
—
Sl3 Dfw Industrial I LLC
—
Deed Of Trust
related
$25,000 · Miscellaneous Ins Co
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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