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Property profile & analytics
OFF-MARKET
Estimated value
$40,365,000
Distribution centers
39324 Lyndon B Johnson Fwy, Dallas, TX 75232-6200
Individually Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-9278251
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2014
Construction
TILT-UP CONCRETE
Total area
823,000 SF
Lot
45.1 ac (1,964,382 SF)
Zoning code
Z239
APN
007620000A0010000
UPID
US82-9278251
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
-
P&G/Keller Log. Warehouse & Storage
-
Tops Products Warehouse & Storage
-
Proctor & Gamble Warehouse & Storage
-
Eastern Metal Supply Building Supply Mill
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$32.09M
Blend (final)
Blend
$40.37M
Owner & transaction history
Iac Beckleymeade Lcc · 5 yrs held
Iac Beckleymeade Lcc
since 2020
3 recorded transactions
Zoning & alternative use
Z239 · Dallas, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$58.2M
+77.9%
Medical building
$55.8M
+70.8%
Office building
$54.6M
+67.0%
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
$32,700,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$58,180,000
Change: +78% · Conversion: Moderate
MEDICAL BUILDING
$55,830,000
Change: +71% · Conversion: Difficult
OFFICE BUILDING
$54,615,000
Change: +67% · Conversion: Difficult
Blend value · Realmo final
$40.37M
Range $36.33M – $44.40M · ±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
$49 / 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
$851,573
Tax year 2023
Assessed value
$50,798,550
Assessed 2023
Previous assessed
$50,798,550
+0.0% YoY
Effective rate
1.68%
On assessed value
Assessed land
$15,715,060
Assessed improvement
$35,083,490
Land market value
$15,715,060
Improvement market value
$35,083,490
Total market value
$50,798,550
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
2014
Construction
TILT-UP CONCRETE
Heating
PARTIAL
Cooling
PARTIAL
Stories
1
Total area
823,000 SF
Lot
45.1 ac (1,964,382 SF)
Zoning code
Z239
APN
007620000A0010000
UPID
US82-9278251
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
WAREHOUSE, STORAGE Current
Est. value
$32.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$58.2M
MEDICAL BUILDING
Est. value
$55.8M
OFFICE BUILDING
Est. value
$54.6M
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
OFFICE 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
2014
Construction
TILT-UP CONCRETE
Heating
PARTIAL
Cooling
Yes
Stories
1
Lot
45.1 ac
Current owner
From public records · entity-resolved
Iac Beckleymeade Lcc
Individual
Free & Clear · 5 yrs held
Mailing address
28 STATE ST FL #10, BOSTON, MA 02109-5721
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 13, 2020
—
Iac Beckleymeade Lcc
Penn Farm Ltd
Grant Deed
related
—
Jun 11, 2019
—
Buckhead Penn Distribution Ctr
Pr/crow Penn Distribution LP
Grant Deed
related
—
Mar 22, 2018
—
Pr & Crow Penn Distribution LP
—
Trustees Deed
related
$694,570 · Texas Cap Bk
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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