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    Randall Turner, Dallas, TX

    License ID: 0288833
    Years of Experience
    17
    Association
    North Texas Commercial Association Of Realtors

    Service Locations

    Contact details

    Phone:
    (512) 202-2113
    Office Address:
    3500 Oak Lawn, Ste 325, Dallas, TX

    Property Types

    • Land

    Performance

    Listings
    23
    Total transactions
    49
    Total transactions amount
    $1M
    Price range
    $13k - 30k
    Average price
    $20k

    Listings

    For Sale (12)

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    • Contact for pricing

      Texas Resort Land for Sale

      4,400-acre resort with boundless amenities in Texas Triangle.
      1 Thistle Rdg, Normangee, TX 77871
      View Details
    • Contact for pricing

      Vacant Land Near Shopping Center

      8 acres of vacant land behind Louis Joliet shopping center.
      Joliet, IL 60435
      View Details
    • Contact for pricing

      Commercial Building Near Sonoma County

      Commercial building and land for sale near Sonoma County.
      2840 Petaluma Blvd North, Petaluma, CA 94952
      View Details
    • Contact for pricing

      Renovated Monrovia Commercial Property

      27,600 SF Class A property in Downtown Monrovia.
      324-328 S Myrtle Ave, Monrovia, CA 91016
      View Details
    • Contact for pricing

      Commercial Land Near Marcus Theatre

      Commercial land for sale with excellent visibility and access.
      1533 Frontage Rd N, Waite Park, MN 56387
      View Details
    • Contact for pricing

      NNN Property in Frankfort

      NNN property in high-traffic Frankfort location with strong demographics.
      201 S Jackson St, Frankfort, IN 46041
      View Details
    • Contact for pricing

      Former Theater Site For Sale

      Former Marcus Theatre site in Shakopee Town Square for sale.
      1116 Shakopee Town Sq, Shakopee, MN 55379
      View Details
    • Contact for pricing

      Texas Land with Resort Amenities

      Land with access to golf, lakes, and recreational facilities.
      31 Youpon Ln, Normangee, TX 77871
      View Details
    • Contact for pricing

      Texas Resort Land Opportunity

      4,400-acre resort with boundless amenities and low property taxes.
      6 Plum Ln, Normangee, TX 77871
      View Details
    • Contact for pricing

      Texas Resort Lot for Sale

      4,400-acre resort lot with boundless amenities and low taxes.
      37 Plum Ln, Normangee, TX 77871
      View Details
    • Contact for pricing

      Recreational Land in Hilltop Lakes

      4,400-acre resort with boundless amenities, low property taxes.
      48 Redbud Ln, Normangee, TX 77871
      View Details
    • Contact for pricing

      Land For Sale Normangee, TX

      Land available in Hilltop Lakes Country Club, Normangee, TX.
      4 New Mexico Pkwy, Normangee, TX 77871
      View Details

    For Lease (11)

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    • Contact for pricing

      Office Space in Pasadena

      Office space available for rent in Pasadena, California.
      80 S Lake Ave, Pasadena, CA 91101
      View Details
    • Contact for pricing

      Retail Space in Palm Desert

      Well-maintained shopping center with ample parking and diverse co-tenants.
      74600 California 111, Palm Desert, CA 92260
      View Details
    • Contact for pricing

      Adaptable Space in Burien, WA

      Versatile property suitable for office, light manufacturing, or distribution.
      18319 8Th Ave S, Burien, WA 98148
      View Details
    • Contact for pricing

      Retail Space in Santa Ana

      Retail space for lease in dense Orange County location.
      626-666 South Harbor Blvd, Santa Ana, CA 92704
      View Details
    • Contact for pricing

      West Dundee Warehouse Sublease Opportunity

      26,483 SF industrial/warehouse space for sublease in West Dundee.
      West Dundee, IL 60118
      View Details
    • Contact for pricing

      Mission Viejo Retail/Restaurant Opportunity

      Retail/restaurant spaces in high-traffic Mission Viejo location near amenities.
      26131 La Paz Rd, Mission Viejo, CA 92691
      View Details
    • Contact for pricing

      Palo Alto Class A Office

      Class A office space in premier Palo Alto location.
      Palo Alto, CA 94306
      View Details
    • Contact for pricing

      Hillsboro Office Space For Rent

      Office space available in Hillsboro, Oregon with full-service gross lease.
      3400 NE John Olsen Ave, Hillsboro, OR 97124
      View Details
    • Contact for pricing

      Fremont Industrial Building with Yard

      Industrial building with office space, fenced yard, and solar.
      3070 Osgood Ct, Fremont, CA 94539
      View Details
    • Contact for pricing

      Prime Corner Retail Space

      Retail space for lease in a sought-after commercial corridor.
      San Francisco, CA 94111
      View Details
    • Contact for pricing

      Former Saturn Dealership and Land

      Former Saturn dealership and vacant land available for lease.
      14611 Garvey Ave, Baldwin Park, CA 91706
      View Details

    Leases and Sales on Map

    • For Sale
    • For Lease

    Properties for sale

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    Randall Turner, Dallas, TX
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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.

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