3901 Pipestone Rd Dallas, TX 75212-6017
Entity Owned
19-yr Hold
Absentee Owner
Free & Clear
Estimated value (blended)
$6.46M
Range $5.81M – $7.10M (±10%)
Property ID
US83-3655743
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1993
Construction
TILT-UP CONCRETE
Total area
66,185 SF
Lot
7.66 ac (333,539 SF)
Zoning code
Z115
APN
0072140A000000000
UPID
US83-3655743
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
(Bike/Boat/Book/etc) Store
-
Industrial Manufacturer Production Facility
-
Industrial Manufacturer Production Facility
-
Factory Production Facility
-
Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.05M
Comparable Approach
Comparable
$5.86M
Blend (final)
Blend
$6.46M
Owner & transaction history
since 2006
1 recorded transaction
Zoning & alternative use
Z115 · Dallas, TX
Top alternative use upside
Retail stores
$10.7M
+223.8%
Restaurant
$9.3M
+181.8%
Office building
$7.8M
+136.8%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
6 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$6.46M
Value range
$5.81M – $7.10M
±10% around blend
Estimated value / SF
$98 / SF
Confidence
Property data
88
Comparable evidence
60
$5.81M
blend $6.46M
$7.10M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
66,185 SF
Lot area
7.66 ac
Year built
1993
Stories
1
APN
0072140A000000000
Assessed value
$8,868,630
Annual tax
$203,516
3
Income approach: direct capitalization
Partial preview
Income approach indication
$7.05M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$7.64M
@ 6.5% CAP return
$7.05M
@ 7% CAP return
$6.55M
4
Sales comparison
Partial preview
Sales approach indication
$5.86M
Range $1.52M – $5.86M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$6.46M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Alternative use screening
Partial preview
Top alternative use
Retail Stores
Gross theoretical uplift
+224%
vs current-use indication
Restaurant
Office Building
Auto Repair, Garage
Neighborhood: Shopping Center
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$8.87M
Move the market yield to see immediate price impact.
Value / SF
$134
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$559k
$11.17M
$7.98M
$6.21M
$621k
$12.42M
$8.87M
$6.90M
$683k
$13.66M
$9.76M
$7.59M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$203,516
Tax year 2023
Assessed value
$8,868,630
Assessed 2023
Previous assessed
$8,868,630
+0.0% YoY
Effective rate
2.29%
On assessed value
Assessed land
$667,120
Assessed improvement
$8,201,510
Land market value
$667,120
Improvement market value
$8,201,510
Total market value
$8,868,630
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1993
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Buildings
3
Stories
1
Total area
66,185 SF
Lot
7.66 ac (333,539 SF)
Zoning code
Z115
APN
0072140A000000000
UPID
US83-3655743
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z115 · Dallas, TXZoning Z115 · permitted uses
Z115 · Dallas, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1993
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
3
Lot
7.66 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
Z115
Jurisdiction
Dallas, TX
Recorded code
Z115
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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