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    Versatile Building for Academy/School Title is generated by Realmo AI

    1000 E Red Bird Lane, Dallas, TX 75241

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    Claim this Listing
    New
    For Lease
    $21,000

    Business - Dallas, TX

    Type:Business
    Lot size:
    4.64 Acres
    Added:
    May 28, 2026
    Days on Market:
    3
    Last Refresh:
    May 30 at 2:06 am

    Property Features for 1000 E Red Bird Lane

    General Information

    Property type
    Other
    Property subtype
    Business
    Property condition
    New Construction
    Parking features
    Parking Lot, Paved or Surfaced
    Standard status
    Active
    APN
    006904000A01C0000
    Lot size
    4.64 Acres

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Ceiling Fan(s), Central Air, Electric

    Building Details

    Year built
    2013
    Flooring type
    Carpet, Concrete, Tile, Tile - Ceramic
    Building materials
    Block, Brick, Concrete
    Roof type
    Composition
    Architectural style
    Other

    We can help!

    Listing Contact
    Shelia Lucas

    Listing agent Shelia Lucas License #0556004

    Listing office Hopkins Realty & Assoc. LLC 760 N. Hwy 67 Ste B2, Duncanville, TX

    Listing date May 28, 2026

    MLS# 21277404 Listing URL

    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

    • Suitable for Daycare, Academy, or Charter School use
    • Equipped with 19 rooms, including bathrooms, a baby room (capacity for 11 cribs), kitchen, and teacher's lounge
    • Includes wash/dryer room and 3 storage rooms
    • Security system with alarm and indoor/outdoor cameras installed
    • Built in 2013, indicating relatively new construction
    • Furniture is negotiable

    Overview

    This property is suitable for an academy or a charter school. It features 19 rooms, including boys' and girls' bathrooms. There is a baby room that can hold 11 cribs, a wash and dryer room, three storage areas, a kitchen, and a teacher lounge. Furniture is negotiable. An alarm system and cameras are installed inside and outside the building. The building could be used as a daycare, academy, or a charter school. The property is located on church grounds, but it is a separate building in Dallas, TX.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ideal Family Church Church Ideal Academy Daycare Center Restoration Counseling & Consulting, ... Family Counselor

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop 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
    • Dee's Day Care — 6112 Concerto Ln, Dallas, TX 75241
    • Lulu’s Laugh & Learn Academy — 1445 Allegro Dr, Dallas, TX 75241

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Collin
    State
    Texas
    Longitude
    -96.808806
    Latitude
    32.674396

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    FAQs

    What type of property is this?
    Day care center - Adaptable building suitable for daycare, academy, or charter school.
    Where is this day care center located?
    The property is located at 1000 E Red Bird Lane Dallas, TX.
    What is the lease rate?
    The lease rate is $21,000.
    What are key features of this property?
    This property features: Suitable for Daycare, Academy, or Charter School use; Equipped with **19 rooms**, including bathrooms, a baby room (capacity for 11 cribs), kitchen, and teacher's lounge; Includes wash/dryer room and 3 storage rooms
    (972) 291-5475
    We can help!
    Listing Contact
    Shelia Lucas
    Real Estate License ID: 0556004
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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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