New search
Property profile & analytics
OFF-MARKET
Estimated value
$23,475,000
Distribution centers
4121 Pinnacle Pt Dr, Dallas, TX 75211-1570
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US83-3854632
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2003
Construction
TILT-UP CONCRETE
Total area
464,243 SF
Lot
22.97 ac (1,000,573 SF)
Zoning code
Z239
APN
007212000K0010000
UPID
US83-3854632
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
-
Neiman Marcus Direct Distribution Center Logistics Company
-
NMW Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$19.73M
Blend (final)
Blend
$23.48M
Owner & transaction history
Panattoni Holdings INC · 20 yrs held
Panattoni Holdings INC
since 2005
7 recorded transactions
Zoning & alternative use
Z239 · Dallas, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$31.5M
+63.6%
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
$19,255,000
Current use
MEDICAL BUILDING
$31,495,000
Change: +64% · Conversion: Difficult
Blend value · Realmo final
$23.48M
Range $21.13M – $25.82M · ±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
$51 / 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
$657,888
Tax year 2023
Assessed value
$28,668,900
Assessed 2023
Previous assessed
$28,668,900
+0.0% YoY
Effective rate
2.29%
On assessed value
Assessed land
$2,751,580
Assessed improvement
$25,917,320
Land market value
$2,751,580
Improvement market value
$25,917,320
Total market value
$28,668,900
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
2003
Construction
TILT-UP CONCRETE
Heating
OTHER
Cooling
PARTIAL
Stories
1
Total area
464,243 SF
Lot
22.97 ac (1,000,573 SF)
Zoning code
Z239
APN
007212000K0010000
UPID
US83-3854632
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
$19.3M
MEDICAL BUILDING
Est. value
$31.5M
WAREHOUSE, STORAGE Current
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
2003
Construction
TILT-UP CONCRETE
Heating
OTHER
Cooling
Yes
Stories
1
Lot
22.97 ac
Current owner
From public records · entity-resolved
Panattoni Holdings INC
Entity
Mailing address
2001 ROSS AVE STE #3400, DALLAS, TX 75201-2966
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 27, 2021
—
Neiman Marcus Group LLC
—
Deed
related
$1,500,000,000 · Alter Domus Products Corp
Oct 3, 2019
—
The Neiman Marcus Group LLC
—
Deed
related
—
Sep 25, 2019
—
Neiman Marcus Group LLC
—
Correction Deed
related
$125,000,000 · Credit Suisse Ag Cayman Iss Br
Aug 29, 2019
—
The Neiman Marcus Group LLC
—
Deed
related
—
Aug 7, 2019
—
Neiman Marcus Group LLC
—
Deed
related
$125,000,000 · Wilmington Tr NA
Dec 16, 2005
—
Panattoni Holdings INC
Ouchida Donna L Trust
Grant Deed
—
—
—
Tr Pinnacle Corp
—
Deed Of Trust
related
$9,500,000 · Allstate Insurance Co
—
—
Neiman Marcus Group LLC
—
Deed Of Trust
related
—
—
—
Neiman Marcus Group LLC
—
Deed Of Trust
related
$125,000,000 · Credit Suisse Ag
—
—
Neiman Marcus Group LLC
—
Deed Of Trust
related
—
—
—
Ronald Waters
—
Deed Of Trust
related
$17,500,000 · Bank Of The Ozarks
—
—
Neiman Marcus Group LLC
—
Deed Of Trust
related
$1,500,000,000 · Alter Domus Products Corp
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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