Property profile

6508 Skillman St Dallas, TX 75231

OFF-MARKET
Lifestyle centers
32,729 SF 5.09 ac lot Built 1971
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Property summary

AI-generated overview

This 32,729-square-foot shopping center in Dallas, Texas, presents a compelling value-add investment opportunity. Located at the intersection of Skillman Street and Abrams Road, this property boasts a prime location with excellent visibility and accessibility. Built in 1971 and situated on 5.09 acres, the center currently enjoys 71.62% occupancy with a diverse tenant mix including Harbor Freight Tools, Metro by T-Mobile, and Cindy's Discount Liquor. The property benefits from a strong parking ratio of 11.92 spaces per 1,000 square feet. The zoning is CR - Community Retail District. With a weighted average lease term of 4.32 years, this asset offers a staggered lease expiration schedule. The asking price is $6,750,000, translating to $206.24 per square foot. The property's strategic location within a thriving retail corridor, near major thoroughfares and prominent businesses like NorthPark Center and Texas Health Presbyterian Hospital Dallas, provides access to a substantial trade area with a population exceeding 380,750 within a 5-mile radius and a median household income of $69,456. This combination of factors makes this shopping center an attractive investment prospect for those seeking a value-add opportunity in a high-demand market.

Property profile

Verified
Property type Lifestyle centers
Year built 1971
Total area 32,729 SF
Lot 5.09 ac (221,720 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store Building Supply
  • Locksmith (Bike/Boat/Book/etc) Store

Location

6508 Skillman St Dallas, TX 75231
Dallas metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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