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    510 W Commerce St Dallas, TX 75208

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    For Sale
    $3,550,000

    Redevelopment opportunity with existing income in Dallas, Texas.

    Property size:
    13,550 SF
    Lot size:
    1.68 Acres

    Property Features for 510 W Commerce St

    General Information

    Size
    13,550 SF
    Lot size
    1.68 Acres

    Source: SRS Real Estate Partners - Corporate Agent Daniel Poku

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Dallas Redevelopment Opportunity with Income

    This property presents a redevelopment opportunity in Dallas, Texas. The offering includes fee-simple interest in a strategically positioned property with an existing absolute NNN retail tenancy, providing stable interim income during the planning and entitlement phase. The property's PD zoning designation accommodates multifamily or townhome development. Investors and developers have the opportunity to capitalize on the residential market demand in this urban corridor due to the flexible zoning. Investors benefit from secure cash flow with zero landlord responsibilities under an absolute NNN lease structure, currently featuring more than 8 years remaining and additional renewal options. Annual rent escalations and FMV adjustments strengthen interim cash flow and offer protection against inflation, providing an attractive holding scenario during the entitlement and pre-development period. The property size is 13550 square feet. This offering represents a covered land play, ideal for developers seeking to capture long-term value through residential redevelopment in one of Dallas’s sought-after neighborhoods.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Collin
    State
    Texas
    Longitude
    -96.831565
    Latitude
    32.772753

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    FAQs

    What type of property is this?
    Commercial land - Redevelopment opportunity with existing income in Dallas, Texas.
    Where is this commercial land located?
    The property is located at 510 W Commerce St Dallas, TX.
    What is the asking price?
    The asking price for this property is $3,550,000.
    What are key features of this property?
    This property features: - Premier redevelopment opportunity in the heart of Dallas, Texas, with PD zoning allowing for multifamily or townhome development.; - Existing absolute NNN retail tenancy provides stable interim income during the planning and entitlement phase with over 8 years remaining on the lease.; - Secure cash flow with zero landlord responsibilities under the absolute NNN lease structure.
    (214) 560-3294
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    Dallas, TX 75208
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    Realmo Value Estimation

    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.

    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.

    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
    510 W Commerce St Dallas, TX 75208
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