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    801 Palestine St Hutchins, TX 75141

    For Sale
    $2,142,000

    High-Yield Retail Investment, 7% Cap Rate

    Property size:
    6,150 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional retail property at 801 W Palestine St in Hutchins, Texas, presents a compelling investment opportunity. The 6,150 square foot building, completely renovated in 2024, boasts a strong 100% occupancy rate across three tenants operating as a convenience store, QSR/fast food, and restaurant. The property generates a substantial net operating income (NOI) of $150,000, resulting in an attractive 7.00% capitalization rate. Priced at $2,142,000 ($348.29/sq ft), this NNN-leased property offers a diversified tenant mix and significant upside potential. Located in a rapidly growing area of Hutchins, the property benefits from its proximity to major highways (I-45 and I-20), a new Amazon fulfillment center, and the under-construction Southaven residential development (700+ new homes). The area also features a balanced mix of industrial and residential zones, and is served by the Dallas Independent School District. Furthermore, the property's strategic location within the Dallas-Fort Worth Metroplex, approximately 10 miles south of downtown Dallas, and the presence of a new City Hall under construction nearby, contribute to its long-term value and growth prospects. Built in 1968, this property offers a rare combination of established income and significant future growth potential within a thriving community. The property is situated in Dallas County, Texas, zip code 75141.

    Property Features for 801 Palestine St

    General Information

    Property type
    Restaurants
    Square Feet
    6,150 SF

    Building Details

    Year Built/Renovated
    1968/2024

    HighLights

    • New 700+ home residential development (Southaven by LGI Homes) under construction across the street.
    • Excellent Dallas ISD schools (Wilmer Hutchins Elementary & High School) within 1 mile.
    • Balanced mix of industrial and residential properties.
    • 2 miles from an Amazon fulfillment center.
    • New City Hall under construction 0.2 miles away.
    • High retail potential with 21 projected developments, one of few existing retail spaces.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Trinity Tires and Wheels Tire Shop Hutchins Liquor Liquor Store Grillo's Bar-B-Que American Restaurant Bites N Smilez ... Restaurant Cute Bites Cake Shop

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Hutchins
    County
    Dallas
    State
    Texas
    Longitude
    -96.7225537
    Latitude
    32.6442342

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    FAQs

    What type of property is this?
    Restaurant - High-Yield Retail Investment, 7% Cap Rate
    Where is this restaurant located?
    The property is located at 801 Palestine St Hutchins, TX.
    What is the asking price?
    The asking price for this property is $2,142,000.
    What are key features of this property?
    This property features: New 700+ home residential development (Southaven by LGI Homes) under construction across the street.; Excellent Dallas ISD schools (Wilmer Hutchins Elementary & High School) within 1 mile.; Balanced mix of industrial and residential properties.
    Request Owner's contact information
    801 Palestine St Hutchins, TX 75141
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    Hutchins, TX 75141
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    Realmo Value Estimation

    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.

    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
    801 Palestine St Hutchins, TX 75141
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