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Property profile & analytics
OFF-MARKET
Estimated value
$11,970,000
Industrial properties
5200 Grand Ave Dallas, TX 75223-2233
Entity Owned
19-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US83-4257744
Property profile
Verified
Property type
Industrial properties
Use group
HEAVY INDUSTRIAL
Year built
1952
Construction
FRAME
Total area
284,068 SF
Lot
45.79 ac (1,994,743 SF)
Zoning code
Z115
APN
168026000000
UPID
US83-4257744
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
-
Ansung Usa Agricultural Supply
-
Texas Star Warehouse & Distribution Warehouse & Storage
-
Ergomart Big Box & Wholesale Store
-
Ergotect (Bike/Boat/Book/etc) Store
-
RTA Furniture Furniture Accessories Supplier
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.99M
Blend (final)
Blend
$11.97M
Owner & transaction history
City Warehouse · 19 yrs held
City Warehouse
since 2007
5 recorded transactions
Zoning & alternative use
Z115 · Dallas, 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 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
INDUSTRIAL (GENERAL)
$11,250,000
Current use
Blend value · Realmo final
$11.97M
Range $10.77M – $13.17M · ±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
$42 / 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
$382,095
Tax year 2023
Assessed value
$16,650,600
Assessed 2023
Previous assessed
$16,650,600
+0.0% YoY
Effective rate
2.29%
On assessed value
Assessed land
$4,009,420
Assessed improvement
$12,641,180
Land market value
$4,009,420
Improvement market value
$12,641,180
Total market value
$16,650,600
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
HEAVY INDUSTRIAL
Status
Off-Market
Year built
1952
Construction
FRAME
Heating
NONE
Cooling
NONE
Buildings
13
Stories
2
Units
1
Total area
284,068 SF
Lot
45.79 ac (1,994,743 SF)
Zoning code
Z115
APN
168026000000
UPID
US83-4257744
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z115 · Dallas, TX
Zoning Z115 · permitted uses
Z115 · 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
INDUSTRIAL (GENERAL) Current
Est. value
$11.3M
INDUSTRIAL (GENERAL) 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
1952
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
2
Buildings
13
Units
1
Lot
45.79 ac
Current owner
From public records · entity-resolved
City Warehouse
Entity
Mailing address
5950 BERKSHIRE LN STE #900, DALLAS, TX 75225-5833
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 4, 2011
—
City Warehouse LP
—
Deed Of Trust
related
$13,700,000 · Legg Mason R/e Cdo II Corp
Mar 5, 2010
—
City Warehouse LP
—
Grant Deed
related
$13,700,000 · Legg Mason R/e Cdo I Ltd
Mar 20, 2007
—
City Warehouse
Grand Dallas Warehouse LLC
Grant Deed
$13,700,000 · Legg Mason Real Estate Capital
—
—
City Warehouse LP
—
Loan Modification
related
$171,250 · Legg Mason R/e Cdo II Corp
—
—
City Warehouse LP
—
Deed Of Trust
related
$14,500,000 · Goldman-sachs Mtg
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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