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Property profile & analytics
FOR LEASE
Warehouses
580 Commerce St Southlake, TX 76092
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US83-3850602
For Lease
1 / 6
$17 SF/Yr
580 Commerce St, Southlake, TX 76092
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Property summary
AI-generated overview
This exceptional 2,125-square-foot flex/office/showroom space is available for lease at 580 Commerce Street in Southlake, Texas, 76092. Located in Tarrant County, this property offers convenient access to major highways, providing excellent connectivity throughout the DFW metroplex. The building itself is a single-story, Class B industrial structure built in 1997, encompassing a total of 28,953 square feet across a 1.66-acre lot. The zoning is L-1. The space features a desirable 16-foot clear height, perfect for various uses, and allows for prominent building signage. The property is situated near the intersection of Exchange Boulevard and Commerce Street. This multi-tenant building presents a fantastic opportunity for businesses seeking a versatile and well-located space in the thriving Southlake market. The property type is industrial, specifically categorized as flex and warehouse. This listing is for a portion of the larger building.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1997
Total area
28,953 SF
Lot
1.66 ac (72,484 SF)
APN
7852-C-9
UPID
US83-3850602
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
$845k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.37M
Blend (final)
Blend
$1.11M
Owner & transaction history
Southlake Exchange LLC · 6 yrs held
Southlake Exchange LLC
since 2020
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.8M
+67.3%
Neighborhood: shopping center
$1.2M
+10.4%
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 Southlake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Southlake 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
$845,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,065,000
Current use
OFFICE BUILDING
$1,775,000
Change: +67% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,175,000
Change: +10% · Conversion: Moderate
Blend value · Realmo final
$1.11M
Range $999k – $1.22M · ±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
$38 / 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
$42,962
Tax year 2023
Assessed value
$2,800,000
Assessed 2024
Previous assessed
$2,462,195
+13.7% YoY
Effective rate
1.53%
On assessed value
Assessed land
$398,574
Assessed improvement
$2,401,426
Land market value
$398,574
Improvement market value
$2,401,426
Total market value
$2,800,000
Applied tax rate
224.0000
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
WAREHOUSE, STORAGE
Status
For Lease
Year built
1997
Heating
NONE
Stories
1
Total area
28,953 SF
Lot
1.66 ac (72,484 SF)
APN
7852-C-9
UPID
US83-3850602
Jurisdiction
TARRANT
Metro division
FORT WORTH-ARLINGTON, TX METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.2M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1997
Heating
NONE
Stories
1
Lot
1.66 ac
Current owner
From public records · entity-resolved
Southlake Exchange LLC
Entity
Mailing address
PO BOX 373, TIOGA, TX 76271-0373
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 26, 2020
—
Southlake Exchange LLC
Southlake Flex Properties LLC
Quit Claim Deed
related
$10,000,000 · Mayco Dev LLC
Feb 19, 2020
—
Southlake Flex Properties LLC
—
Deed
related
$12,000,000 · Simmons Bank
May 6, 2016
—
Southlake Flex Properties LLC
Lago Del Sur LLC
Special Warranty Deed
—
May 30, 2013
—
Lago Del Sur LLC
—
Deed Of Trust
related
$9,000,000 · Wells Fargo Bank
Feb 5, 2013
$12,750,000
Lago Del Sur LLC
Grote Gary E
Trustees Deed
—
Feb 5, 2013
—
Lago Del Sur LLC
Gary E|rainier Southlake Grote
Foreclosure
related
—
Dec 27, 2005
—
Rainier Southlake Dst
Slj Commerce Of Exchange Ltd
Grant Deed
$15,400,000 · * Other Institutional Lenders
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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