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    3101 Al Lipscomb Way Dallas, TX

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    For Sale
    $4,000,000

    26,530 SF retail strip center in Dallas for sale.

    Property size:
    26,530 SF
    Lot size:
    1.96 Acres

    Property Features for 3101 Al Lipscomb Way

    General Information

    Size
    26,530 SF
    Lot size
    1.96 Acres

    Source: Davidson Bogel Real Estate Agent Cameron Deptula

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

    Overview

    Dallas Retail Strip Center Opportunity

    This 26,530 SF retail strip center is located in Dallas, just south of Fair Park. The property presents a value-add opportunity with redevelopment potential, especially given its location in an Opportunity Zone. An adjacent 3.33-acre land site behind the building is potentially available. The property is anchored by Family Dollar, which occupies 54.82% of the space. There is significant lease repositioning potential, as 53.36% of tenants are on month-to-month leases, and 91.78% are on gross leases. Additionally, 21.49% of leases expire by the end of 2026. Current rental rates are below market at $7.68 PSF, offering revenue growth potential through lease repositioning to market rates. There is also potential for additional income through parking revenue, particularly during the Texas State Fair season.
    Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Collin
    State
    Texas
    Longitude
    -96.8109852
    Latitude
    32.8122051

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    FAQs

    What type of property is this?
    Strip mall - 26,530 SF retail strip center in Dallas for sale.
    Where is this strip mall located?
    The property is located at 3101 Al Lipscomb Way Dallas, TX.
    What is the asking price?
    The asking price for this property is $4,000,000.
    What are key features of this property?
    This property features: - Cash-flowing retail strip center in Dallas, near Fair Park.; - Rare Opportunity Zone investment with redevelopment potential, option to acquire adjacent land.; - Anchored by credit tenant Family Dollar.
    (214) 526-3626
    Request Owner's contact information
    3101 Al Lipscomb Way Dallas, TX
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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
    3101 Al Lipscomb Way Dallas, TX
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