Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Turtle Creek/Oak Lawn Development Site Title is generated by Realmo AI

    3601 Cedar Springs Rd, Dallas, TX

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Infill property near parks, restaurants, retail, and luxury hotels.

    Type:LAND
    Lot size:
    1.28 Acres
    Added:
    Mar 19, 2024
    Days on Market:
    807
    Last Refresh:
    May 19 at 9:06 pm

    Property Features for 3601 Cedar Springs Rd

    General Information

    Standard status
    Active
    Lot size
    1.28 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Jonathan Carrier
    Jonathan Carrier

    Listing agent Jonathan Carrier

    Listing office JLL | Dallas

    Listing date Mar 19, 2024

    Source Moodyscre

    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 JLL | Dallas

    HighLights

    • Prestigious Turtle Creek/Oak Lawn location with quick access to highly coveted amenities.
    • Attractive PD 193 (O‑2) zoning allows for Multifamily, Office, and Hotel uses.
    • Maximum building height of 240’ and approved FAR of up to 4.5:1.
    • Infill property offering a limited opportunity in a prime location.
    • Close proximity to notable attractions including Turtle Creek Park and the Katy Trail.
    • Near luxury hotels such as the Rosewood Mansion Hotel and the upcoming Four Seasons Hotel/Residences.

    Overview

    Located in the Turtle Creek/Oak Lawn neighborhood, this site is situated near the southernmost portion of Cedar Springs Road. It features attractive PD 193 (O-2) zoning, which allows for multiple uses including multifamily, office, and hotel development. The zoning permits a maximum building height of 240 feet and an approved FAR of up to 4.5:1. This infill property offers quick accessibility to amenities in the Dallas area, including parks, restaurants, retail, and luxury hotels. Nearby attractions include Turtle Creek Park, the Katy Trail, Perot Plaza, the Rosewood Mansion Hotel, the upcoming Four Seasons Hotel/Residences, The Crescent, and the American Airlines Center.
    Location Intelligence

    Current Use by Public Records

    Dexter & Company Insurance Agency Daniel Max Insurance Agency Davis Walter Insurance Agency Ragsdale Tonya Insurance Agency Anderson Twila Insurance Agency

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Collin
    State
    Texas
    Longitude
    -96.8072
    Latitude
    32.8074

    Nearby Similar for Sale

    • $700,000
      3,000 SF

      Versatile Commercial Space in Dallas

      Office and warehouse space in prime Northwest Dallas location.
      11127 Shady Trail, Dallas, TX 75229
      View Details
    • $1,900,000
      2,910 SF

      Historic Victorian in Uptown Dallas

      Victorian home in historic State Thomas neighborhood, zoned for commercial/residential.
      2315 Routh Street, Dallas, TX 75201
      View Details
    • $949,000
      6,930 SF

      Freestanding Office Building on Acre Lot

      6930 sq ft office building on 1 acre lot.
      4373 S Hampton Road, Dallas, TX 75232
      View Details
    • $1,400,000
      4,447 SF

      Prime Commercial Property with Highway Frontage

      1.36-acre commercial property with highway frontage, ideal for various businesses.
      12540 C F Hawn Freeway, Dallas, TX 75253
      View Details
    • $750,000
      5,974 SF

      High-Traffic Convenience Retail Store

      For sale retail convenience store opportunity in a high-traffic area, with multiple included addresses and combined structures.
      3415 S Malcolm X Boulevard, Dallas, TX 75215
      View Details
    • $2,400,000
      3,216 SF

      Modern Multipurpose Commercial Facility

      Modern commercial facility in Dallas, built in 2021.
      2661 Walnut Hill Lane, Dallas, TX 75229
      View Details
    • $599,000
      2,500 SF

      Dallas Church on Large Lot

      Church with ample parking and room to grow.
      1338 Hortense Avenue, Dallas, TX 75216
      View Details
    • $1,390,000
      3,190 SF

      Corner Lot Near Major Highways

      Two-story building suitable for multiple businesses, warehouse, or auto services.
      11298 Luna Road, Dallas, TX 75229
      View Details
    • $298,800
      4,200 SF

      Auto Repair Shop Lot

      Auto repair shop lot for sale near 635 and I-20.
      14124 Seagoville Road, Dallas, TX 75253
      View Details
    • $1,278,000
      5,140 SF

      Multifamily Investment Property

      For sale multifamily asset in Dallas with a compact lot and total building area suited to income-focused ownership.
      2432/2434 Douglas Avenue, Dallas, TX 75219
      View Details
    • $2,900,000
      15,286 SF

      Church Campus with Fellowship Facilities

      Move-in ready church campus with sanctuary seating, dining hall, commercial kitchen, and classroom space.
      8568 Stults Road, Dallas, TX 75243
      View Details
    • $950,000

      Mixed-Use Commercial Property with Two Units

      Two income-producing units, including a commissary kitchen and barbershop, positioned for flexible commercial use near major highways.
      9738 Brockbank Drive, Dallas, TX 75220
      View Details

    FAQs

    What type of property is this?
    Land - Infill property near parks, restaurants, retail, and luxury hotels.
    Where is this land located?
    The property is located at 3601 Cedar Springs Rd Dallas, TX.
    What are key features of this property?
    This property features: Prestigious Turtle Creek/Oak Lawn location with quick access to highly coveted amenities.; Attractive PD 193 (O‑2) zoning allows for Multifamily, Office, and Hotel uses.; Maximum building height of 240’ and approved FAR of up to 4.5:1.
    (214) 438-6521 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jonathan Carrier
    Jonathan Carrier
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3601 Cedar Springs Rd, Dallas, TX
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!