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Property profile & analytics
OFF-MARKET
Estimated value
$835,000
Warehouses
4122 Billy Mitchell Dr Addison, TX 75001-4350
Entity Owned
Absentee Owner
Free & Clear
Property ID
US83-3916479
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1979
Construction
TILT-UP CONCRETE
Total area
30,292 SF
Lot
1.38 ac (60,069 SF)
Zoning code
Z118
APN
10000922442500000
UPID
US83-3916479
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
-
Addison Kitchen Remodeling Contractor LLC (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom
-
Benners Ethan Allen Customer Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$890k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$782k
Blend (final)
Blend
$835k
Owner & transaction history
Llf 4122 Billy LLC
Llf 4122 Billy LLC
since 2026
7 recorded transactions
Zoning & alternative use
Z118 · Addison, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.3M
+58.8%
Office building
$1.3M
+56.0%
Industrial (general)
$1.0M
+25.6%
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 Addison submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Addison 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
$890,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$825,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,310,000
Change: +59% · Conversion: Moderate
OFFICE BUILDING
$1,290,000
Change: +56% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,040,000
Change: +26% · Conversion: Easy
Blend value · Realmo final
$835k
Range $752k – $919k · ±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
$28 / 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
$32,106
Tax year 2023
Assessed value
$1,480,270
Assessed 2023
Previous assessed
$1,480,270
+0.0% YoY
Effective rate
2.17%
On assessed value
Assessed land
$360,410
Assessed improvement
$1,119,860
Land market value
$360,410
Improvement market value
$1,119,860
Total market value
$1,480,270
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1979
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Total area
30,292 SF
Lot
1.38 ac (60,069 SF)
Zoning code
Z118
APN
10000922442500000
UPID
US83-3916479
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z118 · Addison, TX
Zoning Z118 · permitted uses
Z118 · Addison, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Addison. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$825,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.3M
INDUSTRIAL (GENERAL)
Est. value
$1.0M
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
INDUSTRIAL (GENERAL)
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
1979
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Lot
1.38 ac
Current owner
From public records · entity-resolved
Llf 4122 Billy LLC
Entity
Free & Clear · 0 yrs held
Mailing address
2450 BROADWAY STE #600, SANTA MONICA, CA 90404-3591
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
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
May 8, 2026
—
Llf 4122 Billy LLC
Sapphire Willow Industrial Tx Owner LP
Special Warranty Deed
—
Apr 16, 2026
—
Sapphire Willow Industrial Tx Owner LP
Colfin Cobalt I-ii Owner LLC
Warranty Deed
—
Feb 7, 2022
—
Colfin Cobalt I II Owner LLC
—
Deed
related
$143,500,000 · Citibank NA
Dec 17, 2019
—
Colfin Cobalt I II Owner LLC
—
Deed
related
—
May 22, 2019
—
Tgfg Westwood Owner LLC
Par Capital-westwood LLC
Grant Deed
related
—
Dec 22, 2014
—
Colfin Cobalt I-ii Owner LLC
Cobalt Industrial Reit II
Quit Claim Deed
related
—
Jun 22, 2007
—
Cobalt Industrial Reit II
Jss/4122 Billy Mitchell
Grant Deed
related
—
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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