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Property profile & analytics
FOR LEASE
Industrial properties
4635 Mcewen Rd, Farmers Branch, TX 75244
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US83-4092821
For Lease
1 / 2
$18 SF/Yr
4635 Mcewen Rd, Farmers Branch, TX 75244
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1969
Construction
TILT-UP CONCRETE
Total area
33,642 SF
Lot
1.75 ac (76,230 SF)
Zoning code
Z123
APN
24127500040090000
UPID
US83-4092821
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
$2.12M
Blend (final)
Blend
$2.08M
Owner & transaction history
Mcewen Group LLC · 5 yrs held
Mcewen Group LLC
since 2020
7 recorded transactions
Zoning & alternative use
Z123 · Farmers Branch, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.4M
+78.5%
Medical building
$2.3M
+71.3%
Apartment house (5+ units)
$1.7M
+28.3%
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 Farmers Branch submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Farmers Branch 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
INDUSTRIAL (GENERAL)
$1,335,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,380,000
Change: +78% · Conversion: Difficult
MEDICAL BUILDING
$2,280,000
Change: +71% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,710,000
Change: +28% · Conversion: Difficult
Blend value · Realmo final
$2.08M
Range $1.87M – $2.28M · ±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
$62 / 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
$75,275
Tax year 2023
Assessed value
$3,537,210
Assessed 2023
Previous assessed
$3,537,210
+0.0% YoY
Effective rate
2.13%
On assessed value
Assessed land
$914,760
Assessed improvement
$2,622,450
Land market value
$914,760
Improvement market value
$2,622,450
Total market value
$3,537,210
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Lease
Year built
1969
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Total area
33,642 SF
Lot
1.75 ac (76,230 SF)
Zoning code
Z123
APN
24127500040090000
UPID
US83-4092821
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z123 · Farmers Branch, TX
Zoning Z123 · permitted uses
Z123 · Farmers Branch, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Farmers Branch. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.4M
MEDICAL BUILDING
Est. value
$2.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.7M
INDUSTRIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1969
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
1.75 ac
Current owner
From public records · entity-resolved
Mcewen Group LLC
Entity
Mailing address
6688 N CENTRAL EXPY STE #100, DALLAS, TX 75206-3925
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 30, 2025
—
Mcewen Welch Partners LLC
—
Deed
related
$822,710 · Benchmark Bank
Dec 3, 2020
—
Mcewen Group LLC
Elm Creek Real Estate LLC
Special Warranty Deed
$3,975,000 · Bank Of America NA
Dec 27, 2017
—
Elm Creek Real Estate LLC
4635 Mcewen LLC
Grant Deed
related
—
Dec 8, 2016
—
4635 Mcewen LLC
Bangura,yankaday
Grant Deed
—
Mar 10, 2006
—
Fadality Real Estate
Ntda Investments
Grant Deed
$1,040,800 · Southwest Securities Bk
Apr 1, 2004
—
Fadality Real Estate
Semamor LLC
Grant Deed
$994,000 · First Savings Bank
—
—
Fadality Real Estate
—
Deed Of Trust
related
$1,377,000 · Southwest Securities Bank
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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