Free-Standing Liquor
New
For Sale
Contact for pricing
3202 Samuell Blvd, Dallas, TX 75223
Established neighborhood retail operation with owned real estate, dedicated parking, and supplemental service income.
Property Size3,775 SF
Lot Size8,269.00 Acres
Price / SF$291.39
Days on Market7
Property Features for 3202 Samuell Blvd
General Information
Standard status
Active
Size
3,775 SF
Class
C
Lot size
8,269.00 Acres
Property subtype
Business for Sale, Retail
Zoning
RR
Investment Type
Owner/User
Net Operating Income
$144,000
Additional Details
Business Included
Yes
Building Details
Year Built
1955
Buildings
1
Units
1
Tenancy
Single
Listing Agency:
Elite Exit Advisors
Listed By:
Natalie Luneva · License #9016902-BB
Source:
Crexi
Added: Aug 5
Changed: Aug 10
Last Checked: Aug 10 at 3:21AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Elite Exit Advisors
Investment Insights
Based on property information with market context.
This free-standing storefront property includes a 3,775-square-foot building on an 8,269-square-foot lot at 3202 Samuell Blvd in Dallas. Built in 1955, the property is occupied by Johnny's Payless Liquor, a neighborhood liquor business operating at the location since 1990. The sale includes the owned real estate, while inventory is purchased separately at closing.
The property fronts Samuell Boulevard within a commercial corridor and includes dedicated parking. In addition to liquor, beer, and wine sales, the operation includes Lotto commissions, ATM services, Bitcoin kiosk services, and rental income. The property carries RR zoning and combines an operating storefront with ownership of the underlying commercial real estate.
The property fronts Samuell Boulevard within a commercial corridor and includes dedicated parking. In addition to liquor, beer, and wine sales, the operation includes Lotto commissions, ATM services, Bitcoin kiosk services, and rental income. The property carries RR zoning and combines an operating storefront with ownership of the underlying commercial real estate.
Key Highlights
- 3,775‑square‑foot free‑standing building on an 8,269‑square‑foot lot
- Johnny's Payless Liquor has operated at the location since 1990
- Owned real estate included with the operating liquor store business
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$65,012
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.91%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,300,240
$1.3M
Cap Rate 7%
$928,743
$928.7K
Cap Rate 9%
$722,356
$722.4K
Market Conditions
NOI Build-Up for 3,775 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$91.1K $24.12/SF
− Vacancy
−$4.4K −$1.16/SF
EGI
$86.7K $22.96/SF
− OpEx
−$21.7K −$5.74/SF
NOI
$65.0K $17.22/SF
Area
Dallas, TX
Vacancy
4.80%
Lease Rate
$24.12 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,300,240
Cap Rate 7%
$928,743
Cap Rate 9%
$722,356
Alternative Uses
Best Use
Specialty Retail
$928.7K
$812.7K – $1.08M
NOI $65,012 @ 7.0% cap · market cap 5.91%
Second Best
Retail
$867.7K
$759.3K – $1.01M
NOI $60,741 @ 7.0% cap · market cap 5.52%
Theoretical Best
Office A
$4.53M
$3.96M – $5.28M
NOI $317,078 @ 7.0% cap · market cap 28.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
240
Businesses Nearby
17k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Texaco
Shops & Services
7,589 visits/mo
0.5 miles
Valero Energy
Shops & Services
5,365 visits/mo
0.4 miles
U-Haul At Ferguson Rd
Shops & Services
3,243 visits/mo
0.3 miles
CubeSmart Self Storage
Shops & Services
452 visits/mo
0.5 miles
Demographics for 75223, TX
13,898
Population
4,872
Households
2.9
Avg Household Size
35
Median Age
24%
College-Educated
65%
High-School Grad
3.1 sq mi
ZIP Area
4,483
Density / Sq Mi
$66,641
Median Household Income
$35,470
Median Earnings
$1,363
Median Rent
$244,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Established neighborhood retail operation with owned real estate, dedicated parking, and supplemental service income.
Where is this storefront property located?
The property is located at 3202 Samuell Blvd Dallas, TX.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 3,775‑square‑foot free‑standing building on an 8,269‑square‑foot lot; Johnny's Payless Liquor has operated at the location since 1990; Owned real estate included with the operating liquor store business
