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    Property profile & analytics

    6315 Alpha Rd Dallas, TX 75240-3536

    • Warehouses
    • 10,000 SF
    • 1.41 lot acres
    OFF-MARKET
    Value Estimations
    $505,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-1119349
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Warehouses

    Property Details for 6315 Alpha Rd

    Year built
    2017
    Construction
    STEEL FRAME
    Lot size
    1.41 lot acres
    Property size
    10,000 SF
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    007420000A0030000
    APU
    007420000A0030000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $450,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $560,000
      Market price range: $242k - $647k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $395,000
      Current use
      MEDICAL BUILDING
      $680,000
      Change: +71% Conversion: Difficult
      RETAIL STORES
      $590,000
      Change: +48% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $420,000
      Change: +6% Conversion: Moderate
      INDUSTRIAL (GENERAL)
      $395,000
      Change: -0% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.797
    Latitude
    32.9338
    CBSA code
    19100
    CBSA name
    DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $20,357
    $225,000
    $662,110
    $887,110
    -
    $225,000
    $662,110
    $887,110

    Comparable in this City

    • Value Estimation
      $5,050,000
      68,020 SF

      13575 Goldmark Dr

      MINI-WAREHOUSE, STORAGE • 68,020 SF
      13575 Goldmark Dr, Dallas, TX 75240-4247
      View Details
    • Value Estimation
      $6,245,000
      82,432 SF

      13920 Montfort Dr

      MINI-WAREHOUSE, STORAGE • 82,432 SF
      13920 Montfort Dr, Dallas, TX 75240
      View Details
    • Value Estimation by Request
      2,640 SF

      6625 Alpha Rd

      MINI-WAREHOUSE, STORAGE • 2,640 SF
      6625 Alpha Rd, Dallas, TX 75240
      View Details
    • Value Estimation
      $9,965,000
      140,805 SF

      5818 Lyndon B Johnson Fwy

      MINI-WAREHOUSE, STORAGE • 140,805 SF
      5818 Lyndon B Johnson Fwy, Dallas, TX 75240-6314
      View Details
    • Value Estimation
      $3,215,000
      123,024 SF

      13725 Montfort Dr

      MINI-WAREHOUSE, STORAGE • 123,024 SF
      13725 Montfort Dr, Dallas, TX 75240-4455
      View Details
    • Value Estimation
      $1,515,000
      66,900 SF

      8600 Spg Vly Rd

      MINI-WAREHOUSE, STORAGE • 66,900 SF
      8600 Spg Vly Rd, Dallas, TX 75240-4110
      View Details

    Similar Nearby for Sale

    • New
      $449,000
      0.24 Acres

      Residential Lot in North Dallas

      Oversized lot in established neighborhood, ready for custom build.
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      Prime Land Near Galleria Mall

      1.12 acres suitable for office development near Galleria Mall.
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      9,677 SF

      Prime Dallas Executive Office Building

      9,677 SF Vacant Office Space - For Sale
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      3,820 SF

      Prime Dallas Car Wash Opportunity

      High-traffic location, excellent income potential.
      5444 Alpha Rd, Dallas, TX 75240
      View Details
    • $555,000
      0.26 Acres

      Dallas Duplex with Investment Potential

      Spacious Dallas duplex featuring updates and investment potential.
      13351 Kit Ln, Dallas, TX 75240
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      Prime Land in Galleria Area

      1.23 AC land with access to major thoroughfares.
      5840 Alpha Rd, Dallas, TX 75240
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    Similar Nearby for Lease

    • Contact for pricing
      12,515 SF

      Retail Space Near Galleria

      Retail space in mixed-use development, centrally located in North Dallas.
      5225 Alpha Rd, Dallas, TX 75240
      View Details
    • Contact for pricing
      2,295 SF

      Office Space in Northwood Tower

      Office space available for lease in Dallas, Texas.
      5757 Alpha Rd, Dallas, TX 75240
      View Details
    • Contact for pricing
      2,297 SF

      Cityview Office Tower For Rent

      Four-story office building near Galleria Dallas with Midtown views.
      5339 Alpha Rd, Dallas, TX 75240
      View Details
    • Contact for pricing
      2,100 SF

      Retail Space at Alpha & Montfort

      Retail space available at a prominent corner location.
      13519-13549 Montfort Dr, Dallas, TX 75240
      View Details
    • Contact for pricing
      4,108 SF

      Retail Building Near Major Thoroughfares

      4,108 SF building ideal for daycare, office, or church.
      13408 Kit Ln, Dallas, TX 75240
      View Details
    • Contact for pricing
      18,876 SF

      Dallas Office Space For Rent

      13-story office building with on-site amenities and highway access.
      13727 Noel Rd, Dallas, TX 75240
      View Details
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    6315 Alpha Rd
    Dallas, TX 75240-3536
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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