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    Hutchins TX Jj Lemmon St Hutchins, TX 75141
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    Hutchins TX Jj Lemmon St Hutchins, TX 75141

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    • Land
    • 5.88 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for Hutchins TX Jj Lemmon St

    Lot size
    5.88 lot acres
    Property type
    Land

    Description

    This exceptional 5.883-acre tract in Hutchins, Texas, presents a remarkable investment opportunity. Located on N JJ Lemmon St in Dallas County, zip code 75141, this property is zoned for Retail, Office, and Multi-Family uses. The land is ideally suited for a variety of developments, including office buildings, multi-family residential complexes, or senior housing, given its permitted zoning. Utilities are readily available, simplifying the development process. Its strategic location offers convenient access to major transportation routes and essential amenities, making it highly attractive to both residents and businesses. The expansive lot size provides significant flexibility for large-scale projects. This property represents a rare chance to capitalize on the growth and demand in the Hutchins real estate market. The property's versatility allows for a wide range of development options, catering to diverse investment strategies and maximizing return potential. This prime location and zoning make it an exceptional opportunity for investors seeking a high-impact project in a thriving area. Don't miss this chance to acquire a significant parcel of land with substantial development potential in a rapidly growing Texas market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hutchins
    County
    Dallas
    State
    Texas
    Longitude
    -96.7231
    Latitude
    32.6494

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      700 Jj Lemmon Rd

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      6,840 SF

      1117 Franklin St

      APARTMENT HOUSE (5+ UNITS) • 6,840 SF
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      Land For Sale Hutchins, TX

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      Land For Sale Hutchins, TX

      Land available for sale in Hutchins, Texas.
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    • $475,000
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      Undeveloped Land in Hutchins, TX

      Acreage in Hutchins, TX, ideal for development or investment.
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      Land Available in Hutchins, TX

      Land for sale at 15 N Main St, Hutchins, TX.
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      Hutchins Development Opportunity Near I-45

      11.44-acre industrial land for sale, convenient highway access.
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    • $1,700,000
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      Hutchins Farm/Ranch with Commercial Potential

      13-acre Hutchins property with residential, agricultural, and commercial possibilities.
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    Similar Nearby for Lease

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      Office/Warehouse Space and Land Available

      Office/warehouse spaces and land available for lease.
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    • $2,500 /Mo
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      Lease Ready 1.5 Acre Lot

      Fenced, gated, and graveled 1.5-acre lot for lease.
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      Industrial Outdoor Storage with Offices

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      Fenced Land for Lease

      1.5 acres of fenced, gated land available for lease.
      2800 Post Oak Rd, Hutchins, TX 75141
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    • $2,500 /Mo
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      Fenced Land Ready For Lease

      1.5 acres of fenced, gated land suitable for various uses.
      2800 Post Oak Rd, Hutchins, TX 75141
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      Commercial Property for Rent

      Commercial property available for rent in Hutchins, Texas.
      1300 E Wintergreen Rd, Hutchins, TX 75141
      View Details
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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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