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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Distribution centers
913 Walnut St, Garland, TX 75040
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US82-3839896
Property summary
AI-generated overview
This exceptional Garland, Texas industrial warehouse, located at 913-917 East Walnut Street, offers a prime opportunity for businesses seeking flexible space. The property boasts a total of 17,703 square feet across one building, divided into two suites. Currently, 8,091 square feet are available for lease, providing ample room for various industrial operations. The warehouse features a desirable 14-foot ceiling height, facilitating efficient storage and operations. Access is convenient with three dock-high doors and four drive-in doors, ensuring smooth loading and unloading processes. The property is situated in Dallas County, Texas, with a convenient zip code of 75040. The minimum divisible space is 8,091 square feet, while the maximum contiguous space available is the entire 17,703 square feet. This makes it ideal for a single tenant or multiple tenants seeking a flexible layout. This versatile warehouse is perfect for businesses needing efficient space and convenient access in a thriving Garland location. The property is classified as industrial, with a warehouse subtype, and is ready for immediate occupancy.
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1974
Construction
TILT-UP CONCRETE
Total area
17,052 SF
Lot
0.82 ac (35,620 SF)
Zoning code
I1
APN
26222500060050000
UPID
US82-3839896
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
-
Maaco Auto Body Shop & Painting Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$415k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$666k
Blend (final)
Blend
$540k
Owner & transaction history
Paradox Properties LP · 12 yrs held
Paradox Properties LP
since 2013
1 recorded transaction
Zoning & alternative use
I1 · Garland, 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 Garland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Garland 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
$415,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$540k
Range $486k – $594k · ±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
$32 / 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
$13,477
Tax year 2023
Assessed value
$589,000
Assessed 2023
Previous assessed
$589,000
+0.0% YoY
Effective rate
2.29%
On assessed value
Assessed land
$71,240
Assessed improvement
$517,760
Land market value
$71,240
Improvement market value
$517,760
Total market value
$589,000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1974
Construction
TILT-UP CONCRETE
Heating
PARTIAL
Cooling
CENTRAL
Stories
1
Total area
17,052 SF
Lot
0.82 ac (35,620 SF)
Zoning code
I1
APN
26222500060050000
UPID
US82-3839896
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
I1 · Garland, TX
Zoning I1 · permitted uses
I1 · Garland, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Garland. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1974
Construction
TILT-UP CONCRETE
Heating
PARTIAL
Cooling
Yes
Stories
1
Lot
0.82 ac
Current owner
From public records · entity-resolved
Paradox Properties LP
Entity
Mailing address
1571 N GLENVILLE DR STE #150, RICHARDSON, TX 75081-2484
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 30, 2013
—
Paradox Properties LP
Corry,charles R
Warranty Deed
$350,000 · Charles R Corry
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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