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    10349 Scyene Rd Dallas, TX 75227

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    Dallas development opportunity: 2.05 acres

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    400
    This exceptional Dallas commercial property offers 2.05 acres of prime development land situated on Scyene Road. The property consists of two contiguous parcels, totaling approximately 2.05 acres. One parcel, spanning 0.77 acres, is located at 10349 Scyene Rd and is cleared and ready for development following the demolition of a previous structure. The adjacent parcel, at 10351 Scyene Rd, comprises 1.28 acres of level, build-ready land. This high-visibility location boasts nearly 19,000 vehicles passing daily, according to Texas Department of Transportation data. The property is zoned Commercial Service City of Dallas, providing flexibility for a variety of commercial uses, including retail and service businesses. The site is ideal for creating distinct pad sites to maximize the benefits of the high traffic count and excellent accessibility. This presents a unique opportunity for investors and developers seeking a strategic location in a thriving Dallas commercial corridor. The property is available for sale or ground lease, offering adaptable options to suit diverse investment strategies. The property includes 20 parking spaces. The parcel number is 0068000A000010000. This owner-occupied land presents a rare chance to develop in a high-traffic area with significant growth potential. The address is 10349 Scyene Rd, Dallas, TX 75227.

    Property Features for 10349 Scyene Rd

    General Information

    Property type
    Land
    Lot Size
    89,298 SF

    HighLights

    • High‑traffic location on Scyene Road in Dallas, TX, with nearly 19,000 vehicles passing daily.
    • 2.05‑acre development site consisting of two contiguous parcels (0.77 acres at 10349 Scyene Rd and 1.28 acres at 10351 Scyene Rd); one parcel is cleared and ready for development.
    • Zoned Commercial Service, suitable for various retail and service uses; available for sale or ground lease.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.6446963
    Latitude
    32.7627491

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    FAQs

    What type of property is this?
    Land - Dallas development opportunity: 2.05 acres
    Where is this land located?
    The property is located at 10349 Scyene Rd Dallas, TX.
    What are key features of this property?
    This property features: High-traffic location on Scyene Road in Dallas, TX, with nearly 19,000 vehicles passing daily.; 2.05-acre development site consisting of two contiguous parcels (0.77 acres at 10349 Scyene Rd and 1.28 acres at 10351 Scyene Rd); one parcel is cleared and ready for development.; Zoned Commercial Service, suitable for various retail and service uses; available for sale or ground lease.
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    Dallas, TX 75227
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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.

    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
    10349 Scyene Rd Dallas, TX 75227
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