Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    832 Vermont Ave Dallas, TX 75216
    Property profile & analytics

    832 Vermont Ave, Dallas, TX 75216

    View on Map
    • Specialty properties
    • 5,166 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Specialty properties

    Property Details for 832 Vermont Ave

    Property type
    Specialty properties
    Property subtype
    Churches & religious facilities

    Description

    This exceptional 5,166 square foot property, located at 832 Stella Ave & 1025 Vermont Ave in Dallas, Texas, presents a unique investment opportunity. Situated on a substantial 43,317 square foot lot, the land boasts a price per square foot of $18.35. Currently operating at 100% occupancy as a religious/church building, the property offers versatile potential. The building itself includes a church, repair and maintenance shop, office space, retail area, catering kitchen, and even a medical clinic. The property is zoned Commercial Retail (CR), allowing for a variety of uses. Its location within the Vermont Village retail district of East Oak Cliff provides excellent visibility and accessibility, just one mile from the Dallas Zoo and the proposed Deck Park. This transitional submarket presents a compelling opportunity for redevelopment, or the building could be easily converted into a commercial services building. The asking price for this substantial property is $795,000. This is a rare chance to acquire a significant property in a rapidly developing area of Dallas.

    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
    -96.81
    Latitude
    32.7277

    Comparable in this City

    • Value Estimation by Request
      4,174 SF

      3302 Illinois Ave

      FUNERAL HOME
      3302 Illinois Ave, Dallas, TX 75216-3709
      View Details
    • Value Estimation by Request
      4,876 SF

      3906 Lancaster Rd

      FUNERAL HOME
      3906 Lancaster Rd, Dallas, TX 75216-5635
      View Details
    • Value Estimation by Request
      3,250 SF

      1810 Denley Dr

      FUNERAL HOME
      1810 Denley Dr, Dallas, TX 75216-2104
      View Details
    • Value Estimation by Request
      5,166 SF

      832 Stella Ave

      FUNERAL HOME
      832 Stella Ave, Dallas, TX 75216-1543
      View Details
    • Value Estimation
      $565,000
      12,596 SF

      2517 Illinois Ave

      FUNERAL HOME
      2517 Illinois Ave, Dallas, TX 75216-3410
      View Details
    • Value Estimation by Request
      7,990 SF

      1121 Ewing Ave

      DAY CARE, PRE-SCHOOL
      1121 Ewing Ave, Dallas, TX 75216-1115
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,800 SF

      Dallas Opportunity Zone Building

      Renovation-ready building in revitalizing Dallas neighborhood, close to downtown.
      1818 E Overton Rd, Dallas, TX 75216
      View Details
    • $699,000
      22,500 SF

      Former Church Redevelopment Facility

      Spacious former church building on a corner lot, offering multiple classrooms and a commercial kitchen for adaptive reuse.
      4759 Sunnyvale St, Dallas, TX 75216
      View Details
    • $785,000

      Versatile Building in South Dallas

      Adaptable property suited for community, office, or specialty programs.
      5024 Frio Dr, Dallas, TX 75216
      View Details
    • $599,000
      1.20 Acres

      Church Property with Ample Parking

      Purpose-built church with sanctuary seating for 100, supportive offices, and parking on three lots for future expansion.
      1338 Hortense Ave, Dallas, TX 75216
      View Details
    • $150,000
      0.21 Acres

      Specialty Investment Property

      For-sale specialty asset offered as an investment opportunity on a compact lot.
      1734 S Denley Dr, Dallas, TX 75216
      View Details
    • $750,000

      Renovated Office and Assembly Facility

      Fully renovated, secure property with flexible interior rooms, a large gathering area, and a full kitchen—ideal for adaptable operations.
      2519 S Denley Dr, Dallas, TX 75216
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      625 SF

      Luxury Flex Space Available

      Refined, adaptable space ideal for offices, salons, or studios.
      1739 Marfa Ave, Dallas, TX 75216
      View Details
    • Contact for pricing

      Remodeled Retail & Office Spaces

      Retail and office spaces for lease near Downtown Dallas.
      150-3818 S Lancaster Rd, Dallas, TX 75216
      View Details
    • New
      $2,200 /Mo
      6,665 SF

      Luxury Flex Space with Private Suite Areas

      Upscale flex suite with reception, kitchenette, private restroom, and two suite rooms near major highways.
      1739 Marfa Ave, Dallas, TX 75216
      View Details
    • Contact for pricing
      344 SF

      Retail Space in Beckley Settlement

      Two-story retail space in a bustling Dallas commercial center.
      2910 S Beckley Ave, Dallas, TX 75216
      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.
    832 Vermont Ave
    Dallas, TX 75216
    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
    832 Vermont Ave, Dallas, TX, 75216
    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!