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    1501 Cedar Elm Dr Euless, TX 76039
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    Property profile & analytics

    1501 Cedar Elm Dr Euless, TX 76039

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    • Apartment buildings
    • 10,200 SF
    • 0.67 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 1501 Cedar Elm Dr

    Year built
    1995
    Lot size
    0.67 lot acres
    Property size
    10,200 SF
    Property type
    Apartment buildings

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Euless
    County
    Tarrant
    State
    Texas
    Longitude
    -97.0772
    Latitude
    32.8564

    Comparable in this City

    • Value Estimation by Request
      5,420 SF

      615 Main St

      Restaurants • 5,420 SF
      615 Main St, Euless, TX 76039
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    • Value Estimation by Request
      0.98 Acres

      2905 State Highway 121

      Land • 0.98 Acres
      2905 State Highway 121, Euless, TX 76039
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    • Value Estimation by Request
      10.74 Acres

      800 Bear Crk Pkwy

      VACANT COMMERCIAL LAND • 10.74 Acres
      800 Bear Crk Pkwy, Euless, TX 76039
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    • Value Estimation by Request
      0.49 Acres

      412 Denton Dr

      VACANT COMMERCIAL LAND • 0.49 Acres
      412 Denton Dr, Euless, TX 76039-3902
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    • Value Estimation by Request
      0.15 Acres

      170 Ector Dr

      VACANT COMMERCIAL LAND • 0.15 Acres
      170 Ector Dr, Euless, TX 76039
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    • Value Estimation by Request
      2.12 Acres

      520 Fuller Wiser Rd

      VACANT COMMERCIAL LAND • 2.12 Acres
      520 Fuller Wiser Rd, Euless, TX 76039-3720
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,788 SF

      Restaurant Space with Drive Thru

      Second-generation restaurant space with drive-thru, grease trap, and vent-a-hood.
      205 W Airport Fwy, Euless, TX 76039
      View Details
    • Contact for pricing
      10,125 SF

      DFW Super-Regional Intersection Retail Site

      Located at a super-regional intersection in DFW area.
      2720 Tx-121, Euless, TX 76039
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    • Contact for pricing

      Land For Sale

      Land available for sale.
      255 Fair Oaks Blvd, Euless, TX 76039
      View Details
    • Contact for pricing

      Pad Site For Sale

      Approximately 0.98 acre pad site available for sale.
      2905 State Highway 121, Euless, TX 76039
      View Details
    • Contact for pricing

      Land at Harwood & Grapevine

      Approximately 5 acres of land available for sale.
      828 W Harwood Rd, Euless, TX 76039
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    • Contact for pricing

      Commercial Land Near DFW Airport

      Commercial land available near DFW Regional Airport, coming Q4 2019.
      400 E Glade Rd, Euless, TX 76039
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in DFW Area

      Super-regional shopping destination in northeast Tarrant County.
      2720 Tx-121, Euless, TX 76039
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    • Contact for pricing

      Euless Office Space For Lease

      Office space available for lease in Euless, Texas.
      412-418 N Main St, Euless, TX 76039
      View Details
    • Contact for pricing
      782 SF

      Euless Office Suites Available

      Proposed office building with two suites for lease.
      309 N Byers St, Euless, TX 76039
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    • $15,000 /Mo

      Former Event Space For Rent

      Former event space in Euless, TX, ready for new tenant.
      101 W Glade Rd, Euless, TX 76039
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    • Contact for pricing

      Retail Space Available For Rent

      Retail spaces available for lease.
      Swq Sh-121 & Glade Rd, Euless, TX 76039
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    • $13 SF/Yr
      1,021 SF

      Garden Office Building For Rent

      Two-story office building with ample parking and tenant signage.
      416 N Main St, Euless, TX 76039
      View Details
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    Euless, TX 76039
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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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