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Property profile & analytics
OFF-MARKET
Estimated value
$975,000
Warehouses
5101 Statesman Dr Irving, TX 75063-2416
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US83-4040283
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1984
Construction
TILT-UP CONCRETE
Total area
91,440 SF
Lot
6.05 ac (263,538 SF)
Zoning code
Z129
APN
320957100L01R0000
UPID
US83-4040283
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
$965k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$982k
Blend (final)
Blend
$975k
Owner & transaction history
Tx 5101 Statesman Dr De LLC · 4 yrs held
Tx 5101 Statesman Dr De LLC
since 2021
7 recorded transactions
Zoning & alternative use
Z129 · Irving, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Irving submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Irving 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
$965,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,285,000
Current use
Blend value · Realmo final
$975k
Range $878k – $1.07M · ±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
$11 / 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
$109,392
Tax year 2023
Assessed value
$5,000,000
Assessed 2023
Previous assessed
$5,000,000
+0.0% YoY
Effective rate
2.19%
On assessed value
Assessed land
$3,952,880
Assessed improvement
$1,047,120
Land market value
$3,952,880
Improvement market value
$1,047,120
Total market value
$5,000,000
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
1984
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
91,440 SF
Lot
6.05 ac (263,538 SF)
Zoning code
Z129
APN
320957100L01R0000
UPID
US83-4040283
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z129 · Irving, TX
Zoning Z129 · permitted uses
Z129 · Irving, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Irving. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.3M
WAREHOUSE, STORAGE Current
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
1984
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
6.05 ac
Current owner
From public records · entity-resolved
Tx 5101 Statesman Dr De LLC
Entity
Mailing address
450 PARK AVE FL #9, NEW YORK, NY 10022-2741
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 27, 2021
—
Tx 5101 Statesman Dr De LLC
Iron Owner LLC
Special Warranty Deed
—
Mar 5, 2020
—
Iron Owner LLC
—
Deed
related
$589,300,000 · Jpmorgan Chase Bank NA
Dec 21, 2018
—
Iron Owner LLC
—
Grant Deed
related
$110,000,000 · Wells Fargo Bk
Aug 31, 2018
—
Iron Owner LLC
Realty Viii Texas Indl Por Ch
Trustees Deed
$110,000,000 · Bsref Holdings LLC
May 4, 2015
—
Ch Realty Vii Of I Texas Indl Po
Statesman Ab Mayfield LLC
Grant Deed
—
Mar 8, 2013
—
Statesman Ab Mayfield LLC
Holdings Ee LP Crp-2
Trustees Deed
$45,000,000 · Capitalsource Bk
Nov 6, 2007
—
Crp-2 Holdings Ee
—
Deed Of Trust
related
$139,693,000 · Prudential Insurance Co
Aug 21, 2007
—
Sealy Ta Texas Exchange LLC
Sealy Ta Texas
Quit Claim Deed
related
—
—
—
Ch Realty Vii Of I Texas Indl Po
—
Deed Of Trust
related
$90,500,000 · Miscellaneous Ins Co
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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