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    Main St & Good Latimer Expy Dallas, TX 75226
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    Main St & Good Latimer Expy Dallas, TX 75226

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    • Retail properties & Spaces
    • 240,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 0 Main St & Good Latimer Expy

    Property size
    240,000 SF
    Property type
    Retail properties & Spaces

    Description

    This exceptional retail opportunity is located in the vibrant Deep Ellum district of Dallas, Texas, at the intersection of Main Street and Good Latimer Expressway (zip code 75226). The property boasts a total of 240,000 square feet of gross leasable area (GLA), offering 16 available spaces ranging from 1,440 to 7,968 contiguous square feet. Currently, 59,021 square feet are vacant, presenting a significant opportunity for businesses seeking prime retail space in this high-traffic area. Deep Ellum is renowned as Dallas's premier entertainment district, attracting over 3.4 million visitors annually. Its rich history, from its origins as the "Harlem of the South" to its current status as a hub for art, music, and unique businesses, creates a dynamic and desirable location. The area's recent growth is evident in the presence of major corporations like Uber and popular retailers such as Patagonia, Goorin Bros, and Jeni's Splendid Ice Cream. The property's tenant base reflects the area's demographic, with a median age of 36 and an average household income of $94,000. This property offers a unique chance to establish a presence in one of Dallas's most exciting and rapidly developing neighborhoods. Located in Dallas County, this multi-tenant property presents a compelling investment opportunity in a thriving commercial district.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.7864
    Latitude
    32.7834

    Comparable in this City

    • Value Estimation by Request
      3,810 SF

      2614 Main St

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      4100 Main St

      Retail properties & Spaces • 12,950 SF
      4100 Main St, Dallas, TX 75226
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    • Value Estimation by Request
      12,950 SF

      4100 Main St

      Retail properties & Spaces • 12,950 SF
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    • Value Estimation by Request
      16,500 SF

      4210 Eastside Ave

      Office properties & Spaces • 16,500 SF
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    • Value Estimation
      $1,240,000
      22,730 SF

      2803 Taylor St

      SHOW ROOM, WAREHOUSE • 22,730 SF
      2803 Taylor St, Dallas, TX 75226-1907
      View Details
    • Value Estimation
      $520,000
      6,615 SF

      3012 Canton St

      SHOW ROOM, WAREHOUSE • 6,615 SF
      3012 Canton St, Dallas, TX 75226-1605
      View Details

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      Redevelopment Opportunity Near Main Street

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      1,498 SF

      Freestanding Restaurant with Patio Opportunity

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      Deep Ellum Restaurant/Bar Opportunity

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    Dallas, TX 75226
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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.

    More about this property
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