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    Day Care Facility with Multi-Building Setup Title is generated by Realmo AI

    1123 E Ledbetter Drive, Dallas, TX 75216

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    Pending
    $559,900

    COMMERCIAL - Dallas, TX

    Lot size:
    1.08 Acres
    Added:
    May 14, 2026
    Days on Market:
    23
    Last Refresh:
    Jun 5 at 5:06 pm

    Property Features for 1123 E Ledbetter Drive

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Garage
    Security features
    Security
    Standard status
    Pending
    APN
    0000048453100000
    Lot size
    1.08 Acres

    Taxes and HOA fees

    Tax Description
    BLK 6018 TR 3 ACS 1.08 E LEDBETTER DR

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Roof Turbines(s), Attic Fan, Electric, Central Air, Ceiling Fan(s)
    Water source
    Public

    Building Details

    Year built
    1955
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Laminate
    Building materials
    Brick
    Roof type
    Shingle

    We can help!

    Listing Contact
    Shikilia Caro

    Listing agent Shikilia Caro License #0473631

    Listing office United Real Estate Insight Fort Worth, TX

    Listing date May 14, 2026

    MLS# 21148317

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 1.08‑acre commercial property in Dallas with an established childcare facility operating since 1965
    • Main building includes full kitchen, 6 bathrooms, and a 24' x 22' multipurpose space (or additional classroom)
    • Main building has 3 front entrances plus cafeteria/entertainment area and break area or craft space
    • Additional rear building features 2 classrooms and 2 bathrooms
    • 9 on‑site parking spaces with access to adjacent overflow parking, plus a front outdoor play area and covered outdoor seating
    • Utilities and systems: public water and public sewer; central heating and central air; shingle roof; brick construction

    Overview

    This property is an established childcare facility operating since 1965, built to support daily care and instruction across a multi-building configuration. The main building includes three front entrances, a full kitchen, six bathrooms, and flexible interior spaces such as a cafeteria or entertainment room and a break area or craft space. It also features a 24' x 22' multipurpose room that can function as an additional classroom or support space, depending on the operator’s needs. A rear building provides two additional classrooms and two bathrooms. Outdoors, the site offers a front outdoor play area and covered outdoor seating, supporting a complete day-to-day environment.

    Located on a main road in Dallas, the property benefits from excellent visibility and a strong on-site presence. The site includes nine on-site parking spaces, along with access to adjacent overflow parking, which can help accommodate parents, staff, and visitors during peak hours.

    The layout is a practical fit for a daycare operator looking to continue running a proven model, as well as for nonprofit or educational users that value dedicated classroom space. Owner-users and investors may also see opportunity in repurposing portions of the facility for general office or other adaptive commercial uses, supported by the generous lot size and the flexibility of the two-building setup.
    Property Profile Location Intelligence

    Current Use by Public Records

    Five Mile Creek ... Electrical Service Betty-Lin Early Childhood ... Daycare Center

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Ideal Academy — 1000 E Red Bird Ln, Dallas, TX 75241
    • Medeas House of Play, LLC — 1511 Wagon Wheels Trail, Dallas, TX 75241
    • Children's Creative World — 6011 University Hills Blvd, Dallas, TX 75241
    • Betty-Lin Early Childhood Center — 1123 E Ledbetter Dr, Dallas, TX 75216
    • Dee's Day Care — 6112 Concerto Ln, Dallas, TX 75241

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Collin
    State
    Texas
    Longitude
    -96.806727
    Latitude
    32.682757

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    FAQs

    What type of property is this?
    Day care center - Established childcare facility with multiple classrooms and shared amenities, suited for education, nonprofit, or office-driven owner use.
    Where is this day care center located?
    The property is located at 1123 E Ledbetter Drive Dallas, TX.
    What is the asking price?
    The asking price for this property is $559,900.
    What are key features of this property?
    This property features: 1.08‑acre commercial property in Dallas with an established childcare facility operating since 1965; Main building includes full kitchen, 6 bathrooms, and a 24' x 22' multipurpose space (or additional classroom); Main building has 3 front entrances plus cafeteria/entertainment area and break area or craft space
    (817) 658-3924
    We can help!
    Listing Contact
    Shikilia Caro
    Real Estate License ID: 0473631
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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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