Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    3009 Commerce St Dallas, TX 75226-1627

    • Strip malls
    • 4,500 SF
    • 0.12 lot acres
    OFF-MARKET
    Value Estimations
    $520,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-1505522
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Flea Style HQ / Corporate Office
    • Vogel-Bracken Printers Inc / Commercial Printer / Professional Services
    • Parked car / Car Accessories Store

    Property Details for 3009 Commerce St

    Year built
    1935
    Construction
    TILT-UP CONCRETE
    Lot size
    0.12 lot acres
    Property size
    4,500 SF
    Zone code
    Z239
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    104173000000
    APU
    104173000000

    Description

    This exceptional Deep Ellum investment opportunity encompasses two buildings totaling 6,215 square feet on a 13,907 square foot lot. Located at 3009 & 3017 Commerce Street in Dallas, Texas (zip code 75226), this property boasts a prime location in the heart of Deep Ellum's vibrant entertainment district. The buildings, renovated in 2022, are currently vacant and offer a versatile space suitable for various retail uses, including bars and restaurants. Each building is a single-story structure with 100% HVAC. The property features two points of ingress/egress and ample parking with 16 gated spaces. The zoning is PD 269. The property's proximity to over 75 restaurants, cafes, and bars, coupled with the burgeoning luxury apartment development in the area, presents a unique opportunity for a user or investor. The minimal parking requirements and designation as an Opportunity Zone further enhance its appeal. This property offers significant potential for growth and profitability in one of Dallas's most dynamic neighborhoods.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Estimation
      $490,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $705,000
      6.5%
      $700,000
      7%
      $655,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $705,000
      Geo Method
      $630,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $620,000
      Retail
      $630,000
      Mixed-Use
      $670,000
      Hospitality
      $630,000
      Educational
      $560,000
      Residential Income
      $725,000
      Energy
      $580,000
      Income-Based Land
      $580,000
      Food Service
      $675,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.78
    Latitude
    32.7841
    CBSA code
    19100
    CBSA name
    DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $11,818
    $228,380
    $286,620
    $515,000
    -
    $228,380
    $286,620
    $515,000

    Comparable in this City

    • Value Estimation by Request
      15,960 SF

      4611 Columbia Ave

      SHOPPING CENTER, STRIP CENTER • 15,960 SF
      4611 Columbia Ave, Dallas, TX 75226-2306
      View Details
    • Value Estimation by Request
      10,920 SF

      3111 Canton St

      SHOPPING CENTER, STRIP CENTER • 10,920 SF
      3111 Canton St, Dallas, TX 75226-1619
      View Details
    • Value Estimation
      $345,000
      3,000 SF

      821 Exposition Ave

      SHOPPING CENTER, STRIP CENTER • 3,000 SF
      821 Exposition Ave, Dallas, TX 75226-1743
      View Details
    • Value Estimation by Request
      1,500 SF

      825 Exposition Ave

      SHOPPING CENTER, STRIP CENTER • 1,500 SF
      825 Exposition Ave, Dallas, TX 75226-1743
      View Details
    • Value Estimation
      $485,000
      5,000 SF

      2651 Commerce St

      SHOPPING CENTER, STRIP CENTER • 5,000 SF
      2651 Commerce St, Dallas, TX 75226-1403
      View Details
    • Value Estimation
      $420,000
      2,025 SF

      2642 Elm St

      SHOPPING CENTER, STRIP CENTER • 2,025 SF
      2642 Elm St, Dallas, TX 75226-1422
      View Details

    Similar Nearby for Sale

    • $1,275,000
      16,500 SF

      Dallas Office Building: Prime Redevelopment Opportunity

      16,500 SF Office/Retail Space in Dallas, TX
      4210 Eastside Ave, Dallas, TX 75226
      View Details
    • Contact for pricing
      2,099 SF

      Retail Space Near Downtown Dallas

      Second-generation retail space accessible to multiple Dallas neighborhoods.
      3601-3609 Main St, Dallas, TX 75226
      View Details
    • Contact for pricing
      15,869 SF

      Deep Ellum Mixed-Use Property

      15,869 SF, 3-unit building, prime location.
      2616 Commerce St, Dallas, TX 75226
      View Details
    • Contact for pricing
      12,369 SF

      Canton St Retail Portfolio

      Dallas Retail Investment Opportunity
      3009 Canton St, Dallas, TX 75226
      View Details
    • Contact for pricing
      6,800 SF

      Retail Property on Canton Street

      Retail property available for sale on Canton Street, Dallas.
      3009-3035 Canton St, Dallas, TX 75226
      View Details
    • Contact for pricing
      8,800 SF

      Deep Ellum Commercial Space

      Prime Dallas location with award-winning design and modern infrastructure.
      3005 Commerce St, Dallas, TX 75226
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,800 SF

      Retail Space in Deep Ellum

      Prime retail space in Dallas's vibrant Deep Ellum neighborhood.
      2614 Elm St, Dallas, TX 75226
      View Details
    • Contact for pricing
      1,152 SF

      Retail Space in Deep Ellum

      Prime retail space in Dallas's vibrant Deep Ellum neighborhood.
      2656 Main St, Dallas, TX 75226
      View Details
    • Contact for pricing
      6,250 SF

      Retail Space on Commerce Street

      Retail property available for lease in Dallas, Texas.
      3004 Commerce St, Dallas, TX 75226
      View Details
    • Contact for pricing
      7,968 SF

      Prime Retail Space in Dallas

      Located in Deep Ellum, a vibrant entertainment district.
      2801-2803 Elm St, Dallas, TX 75226
      View Details
    • Contact for pricing
      1,950 SF

      Retail Space in Deep Ellum

      Prime retail space in Dallas's vibrant Deep Ellum neighborhood.
      2701 Main St, Dallas, TX 75226
      View Details
    • Contact for pricing
      1,500 SF

      Elm Street Retail Space Available

      Retail space available in a mixed-use property.
      2929 Elm St, Dallas, TX 75226
      View Details
    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.
    3009 Commerce St
    Dallas, TX 75226-1627
    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.

    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.