Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    4321 Ross Ave Dallas, TX 75204
    Back to Search
    Property profile & analytics

    4321 Ross Ave, Dallas, TX 75204

    View on Map
    • Retail properties & Spaces
    • 1,500 SF
    • 0.26 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 4321 Ross Ave

    Year built
    2024
    Lot size
    0.26 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Auto shops

    Description

    This exceptional investment opportunity presents a 1,500 square foot Take 5 Oil Change located at 4321 Ross Ave, Dallas, TX 75204. The property sits on a 0.26-acre lot and boasts a 15-year absolute NNN corporate ground lease with a prominent hard corner location. The lease, guaranteed by Driven Systems, LLC, a subsidiary of Driven Brands, Inc., features 10% rent bumps every five years, providing significant long-term growth potential. Built in 2024, this property offers a hands-off investment with zero maintenance or expense obligations for the landlord. The property's strategic location is just 0.5 miles from Downtown Dallas and benefits from excellent demographics, including over 409,500 residents with average household incomes exceeding $131,872 within a 5-mile radius. Its adjacency to a 250-unit luxury apartment complex and a 7-Eleven further enhances its appeal and convenience. The Dallas-Fort Worth MSA, home to the 4th largest concentration of Fortune 500 companies, provides a stable and robust economic backdrop. The asking price is $1,748,000, representing a 5.15% cap rate and a NOI of $90,000. The lease includes three, 5-year options. This is a truly passive investment opportunity with strong tenant and location characteristics.

    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
    -96.7816
    Latitude
    32.8021

    Comparable in this City

    • Value Estimation by Request

      3407 Mckinney Ave

      Restaurants
      3407 Mckinney Ave, Dallas, TX 75204
      View Details
    • Value Estimation by Request
      20,000 SF

      1900-1912 Hall St

      Retail properties & Spaces
      1900-1912 Hall St, Dallas, TX 75204
      View Details
    • Value Estimation by Request

      Dallas Tx

      Retail properties & Spaces
      0 Dallas Tx, Dallas, TX 75204
      View Details
    • Value Estimation by Request
      3,000 SF

      3202 Fitzhugh Ave

      Land
      3202 Fitzhugh Ave, Dallas, TX 75204
      View Details
    • Value Estimation
      $1,230,000
      49,200 SF

      3600 Mckinney Ave

      PARKING GARAGE, PARKING STRUCTURE
      3600 Mckinney Ave, Dallas, TX 75204-1437
      View Details
    • Value Estimation
      $2,660,000
      289,802 SF

      2801 Central Expy Ofc Ofc-0639

      PARKING GARAGE, PARKING STRUCTURE
      2801 Central Expy Ofc Ofc-0639, Dallas, TX 75204-2642
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      11,944 SF

      Two-Story Asset in Old East Dallas

      Redevelopment opportunity in a rapidly transitioning Dallas submarket.
      2705 Swiss Ave, Dallas, TX 75204
      View Details
    • Contact for pricing
      8,855 SF

      Fitzhugh Retail Center For Sale

      Fully occupied retail center in Dallas with diverse tenants.
      2325 N Fitzhugh Ave, Dallas, TX 75204
      View Details
    • Contact for pricing
      20,000 SF

      Retail Space in Dallas, TX

      20,000 SF retail space available for sale.
      1900-1912 N Hall St, Dallas, TX 75204
      View Details
    • Contact for pricing
      6,103 SF

      Retail Space Available

      Retail space for sale, 6,103 SqFt
      911 N Haskell Ave, Dallas, TX 75204
      View Details
    • Contact for pricing
      3,032 SF

      East Dallas Retail Opportunity

      3,032 SF retail property in the heart of East Dallas.
      4312 Live Oak St, Dallas, TX 75204
      View Details
    • $2,495,000
      0.16 Acres

      Turnkey East Dallas Condo Community

      Five-unit townhome community in East Dallas with immediate income.
      4223 Delano Pl, Dallas, TX 75204
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,276 SF

      Restaurant Opportunities in Uptown Dallas

      Prime restaurant spaces for lease in Dallas' bustling Uptown.
      2602 Mckinney Ave, Dallas, TX 75204
      View Details
    • Contact for pricing
      3,747 SF

      Uptown Dallas Restaurant Space Available

      9,859 SF restaurant space in the heart of Uptown.
      2619 Mckinney Ave, Dallas, TX 75204
      View Details
    • Contact for pricing
      3,163 SF

      Ross Avenue Retail Opportunity

      Prime location in Old East Dallas with high visibility.
      3516 Ross Ave, Dallas, TX 75204
      View Details
    • Contact for pricing
      2,792 SF

      Restaurant Opportunities in Uptown Dallas

      Prime restaurant spaces for lease in Dallas's vibrant Uptown district.
      2614 Mckinney Ave, Dallas, TX 75204
      View Details
    • Contact for pricing
      5,200 SF

      Uptown Dallas Restaurant Opportunity

      Rare standalone restaurant space in vibrant Uptown Dallas for rent.
      2621 Mckinney Ave, Dallas, TX 75204
      View Details
    • Contact for pricing
      1,265 SF

      Retail Space in West Village

      Retail space available in Dallas's West Village shopping center.
      3700 Cole Ave, Dallas, TX 75204
      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.
    4321 Ross Ave
    Dallas, TX 75204
    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.

    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    4321 Ross Ave, Dallas, TX, 75204
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!