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Property profile & analytics
OFF-MARKET
Estimated value
$3,505,000
Warehouses
5431 Lemmon Ave, Dallas, TX 75209-6221
Entity Owned
8-yr Hold
Free & Clear
Property ID
US83-3842635
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1996
Construction
STEEL FRAME
Total area
44,940 SF
Lot
1.92 ac (83,679 SF)
Zoning code
Z239
APN
005703000416A0000
UPID
US83-3842635
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
-
Oliver neo Cannabis (Bike/Boat/Book/etc) Store
-
Extra Space Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.91M
Blend (final)
Blend
$3.51M
Owner & transaction history
Ess Wcot Owner LLC · 8 yrs held
Ess Wcot Owner LLC
since 2018
4 recorded transactions
Zoning & alternative use
Z239 · Dallas, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$5.3M
+196.2%
Auto repair, garage
$5.2M
+193.6%
Retail stores
$4.4M
+148.8%
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
NEIGHBORHOOD: SHOPPING CENTER
$5,290,000
Change: +196% · Conversion: Moderate
AUTO REPAIR, GARAGE
$5,240,000
Change: +194% · Conversion: Easy
RETAIL STORES
$4,445,000
Change: +149% · Conversion: Moderate
OFFICE BUILDING
$3,170,000
Change: +78% · Conversion: Difficult
MEDICAL BUILDING
$3,050,000
Change: +71% · Conversion: Difficult
Blend value · Realmo final
$3.51M
Range $3.15M – $3.86M · ±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
$78 / 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
$139,982
Tax year 2023
Assessed value
$6,100,000
Assessed 2023
Previous assessed
$6,100,000
+0.0% YoY
Effective rate
2.29%
On assessed value
Assessed land
$2,928,770
Assessed improvement
$3,171,230
Land market value
$2,928,770
Improvement market value
$3,171,230
Total market value
$6,100,000
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
1996
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
CENTRAL
Buildings
3
Stories
3
Units
225
Total area
44,940 SF
Lot
1.92 ac (83,679 SF)
Zoning code
Z239
APN
005703000416A0000
UPID
US83-3842635
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
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.3M
AUTO REPAIR, GARAGE
Est. value
$5.2M
RETAIL STORES
Est. value
$4.4M
OFFICE BUILDING
Est. value
$3.2M
MEDICAL BUILDING
Est. value
$3.1M
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
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
1996
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
3
Buildings
3
Units
225
Lot
1.92 ac
Current owner
From public records · entity-resolved
Ess Wcot Owner LLC
Entity
Free & Clear · 8 yrs held
Mailing address
6890 S 2300TH E UNIT #71870, SALT LAKE CITY, UT 84171-6033
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 31, 2018
—
Ess Wcot Owner LLC
—
Deed
related
$115,000,000 · Wells Fargo Bk
Jun 29, 2018
—
Ess Wcot Owner LLC
Ess Wcot Tx LP
Quit Claim Deed
related
—
Jul 22, 2005
—
Ess Wcot Tx
Susa Ptshp
Grant Deed
$93,300,000 · Wachovia Bank NA
—
—
Ess Wcot Owner LLC
—
Loan Modification
related
$115,000,000 · Wells Fargo Bk
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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