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    Convenience Store Food Market Title is generated by Realmo AI

    717 Ann Arbor Avenue, Dallas, TX 75216

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    For sale retail storefront with a flexible interior suited for convenience, small grocery, or restaurant concepts.

    Type:Retail
    Property size:
    3,500 SF
    Price / SF:
    $141/SF
    Added:
    May 27, 2026
    Days on Market:
    11
    Last Refresh:
    Jun 6 at 3:34 am

    Property Features for 717 Ann Arbor Avenue

    General Information

    Standard status
    Active
    Size
    3,500 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1961

    We can help!

    Listing Contact
    Kris Franks

    Listing agent Kris Franks License #TX 0586589

    Listing office Franks Realty International, LLC

    Listing date May 27, 2026

    Source Crexi

    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 Franks Realty International, LLC

    HighLights

    • Retail storefront built in 1961 with a flexible interior for convenience store, small grocery, or restaurant concepts
    • Property offers many use options including convenience store or food market and potential restaurant or other community‑driven enterprise
    • Located in the South Dallas redevelopment zone

    Overview

    This established convenience store / food market is being offered for new ownership along with the real estate. The business has been closed by the current owner after 18 years at the location, and the property is available for an operator or buyer seeking a retail-ready space. The layout supports a neighborhood-focused use such as convenience retail and small grocery, and the property may also be suited for other community-driven enterprise, including a potential restaurant concept.

    The site is located in Dallas, Texas at 717 Ann Arbor Avenue. Public remarks note the property is within the South Dallas redevelopment zone, providing context for a buyer interested in a neighborhood commercial location.

    From a tenant or buyer fit standpoint, the property is positioned for retail operators who want a convenient neighborhood presence and an adaptable storefront for day-to-day food and convenience merchandising. It can also appeal to buyers looking to re-purpose the site for food service, subject to applicable requirements and approvals.
    Location Intelligence

    Current Use by Public Records

    Sam's Grocery Store Grocery & Convenience Store ATM Atm Water Heater Dallas ... Plumbing Service

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Pharmacy Auto Repair Shop Skin Care Clinic

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

    Similar Places Nearby

    • Cash Saver — 2130 E Ledbetter Dr, Dallas, TX 75216
    • Ot Food Mart — 4328 S Marsalis Ave, Dallas, TX 75216

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Collin
    State
    Texas
    Longitude
    -96.8137988
    Latitude
    32.6916385

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    FAQs

    What type of property is this?
    Grocery and convenience store - For sale retail storefront with a flexible interior suited for convenience, small grocery, or restaurant concepts.
    Where is this grocery and convenience store located?
    The property is located at 717 Ann Arbor Avenue Dallas, TX.
    What is the asking price?
    The asking price for this property is $495,000.
    What are key features of this property?
    This property features: Retail storefront built in 1961 with a flexible interior for convenience store, small grocery, or restaurant concepts; Property offers many use options including convenience store or food market and potential restaurant or other community‑driven enterprise; Located in the South Dallas redevelopment zone
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Kris Franks
    Real Estate License ID: TX 0586589
    Learn More
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    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.

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