Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    The Largest CRE Database in the US with Over 1 Million Listings

    3629 Granada Avenue University Park, TX 75205

    View on Map
    Claim this Listing
    New
    For Sale
    $1,250,000

    Duplex - University Park, TX

    Type:Duplex
    Lot size:
    0.11 Acres
    Added:
    May 1, 2026
    Days on Market:
    3
    Last Refresh:
    May 3 at 12:06 pm

    Property Features for 3629 Granada Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Parking features
    Driveway, Off Street
    Interior features
    Built-in Features, Cable Tv Available, Natural Woodwork
    Appliances
    Range
    Standard status
    Active
    APN
    60064500000330000
    Lot size
    0.11 Acres

    Utilities

    Utilities
    Cable Available
    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1930
    Floors in Building
    1
    Flooring type
    Wood
    Building materials
    Brick, Frame
    Roof type
    Composition, Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Steve Koleno

    Listing agent Steve Koleno License #0779766

    Listing office Beycome Brokerage Realty LLC 5701 Sunset Dr, Miami, TX

    Listing date May 1, 2026

    MLS# 21256699 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.

    Overview

    University Park Duplex on Prime Lot

    This property features a duplex on an exceptional lot situated on a quiet, tree-lined street. The location is near SMU, Snider Plaza, and McCullough Middle School, within the Highland Park Independent School District. This property offers the opportunity to create a custom residence in a desirable neighborhood. The property is sold AS-IS and includes the duplex. The lot is easily accessed from the street or the alleyway. The location offers convenient access to nearby dining, shopping, and schools in a residential setting. The lot size is 0.11 acres in University Park, Texas. Buyer is to verify all information, including schools, zoning, and lot details.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    University Park
    County
    Dallas
    State
    Texas
    Longitude
    -96.796
    Latitude
    32.8367

    Nearby Similar for Sale

    • $1,150,000

      Oversized Lot in University Park

      Rare opportunity to build a custom dream home in Dallas.
      2804 University Boulevard, University Park, TX 75205
      View Details
    • $2,000,000

      Updated Duplex Near Highland Park

      Updated 1930s duplex in the heart of University Park.
      4128 Emerson Avenue, University Park, TX 75205
      View Details
    • $1,895,000

      Renovated Duplex in Highland Park

      1930s duplex with modern updates in top-rated school district.
      4212 University Boulevard, University Park, TX 75205
      View Details
    • $7,500,000

      St. Andrews Drive Building Site

      Rare 0.4+ acre building site in University Park, Texas.
      6009 Saint Andrews Drive, University Park, TX 75205
      View Details
    • $2,600,000

      University Park Duplex Near Amenities

      Duplex in prime location near park and Snider Plaza.
      3527 Westminster Avenue, University Park, TX 75205
      View Details
    • $1,499,000

      University Park Building Site

      Building site in the heart of University Park.
      4415 Druid Lane, University Park, TX 75205
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Duplex on a lot near SMU, Snider Plaza, and school.
    Where is this residential land & home lot located?
    The property is located at 3629 Granada Avenue University Park, TX.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: Prime location in highly sought‑after HPISD.; Exceptional lot for building a custom home.; Conveniently located steps from SMU, Snider Plaza, and McCullough Middle School.
    (804) 656-5007
    We can help!
    Listing Contact
    Steve Koleno
    Real Estate License ID: 0779766
    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

    3629 Granada Avenue, University Park, TX 75205

    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!