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    3000 Main St Dallas, TX 75226

    • Retail space
    • 6,000 SF
    • 0.14 lot acres
    For Lease
    View listing
    Last Sale
    Aug 23, 2022
    Value Estimations
    $445,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-3848238
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Hattie B's Hot Chicken Dallas- Deep Ellum / Southern Restaurant (Us) / Chicken Restaurant

    Property Details for 3000 Main St

    Year built
    1955
    Construction
    TILT-UP CONCRETE
    Lot size
    0.14 lot acres
    Property size
    6,000 SF
    Zone code
    Z239
    Property type
    Retail space
    APN
    104164000000
    APU
    104164000000

    Description

    This exceptional 5,937-square-foot commercial property, located at 3000 Main Street in the vibrant Deep Ellum neighborhood of Dallas, Texas, presents a remarkable opportunity for a restaurant or retail business. Situated in Dallas County (zip code 75226), this single-tenant space boasts a prime corner location offering unparalleled visibility and accessibility. The property's strategic placement within Deep Ellum's bustling entertainment district ensures high foot traffic and exposure to a diverse clientele drawn to the area's renowned bars, breweries, restaurants, and unique shops. The building's total square footage is 5,937 square feet, all of which is currently vacant, providing a blank canvas for a new tenant to customize and design their ideal space. This second-generation restaurant space is ready for immediate occupancy, offering a significant advantage for businesses seeking a turnkey solution in a highly desirable location. The property's address is 3000 Main Street, Dallas, TX, and its coordinates are 32.7843102 latitude and -96.7803635 longitude. This is an unparalleled chance to establish a thriving business in one of Dallas's most dynamic and sought-after entertainment districts. The property is classified as retail and restaurant space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $440,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.7804
    Latitude
    32.7843
    CBSA code
    19100
    CBSA name
    DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $62,946
    $300,000
    $2,443,000
    $2,743,000
    -
    $300,000
    $2,443,000
    $2,743,000

    Comparable in this City

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      $440,000
      13,220 SF

      4033 Elm St

      RETAIL STORES (PERSONAL SERVICES) • 13,220 SF
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      View Details
    • Value Estimation
      $410,000
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      404 Exposition Ave

      RETAIL STORES (PERSONAL SERVICES) • 7,500 SF
      404 Exposition Ave, Dallas, TX 75226-1734
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    • Value Estimation
      $330,000
      1,760 SF

      3003 Commerce St

      RETAIL STORES (PERSONAL SERVICES) • 1,760 SF
      3003 Commerce St, Dallas, TX 75226-1627
      View Details
    • Value Estimation
      $340,000
      5,200 SF

      4104 Main St

      RETAIL STORES (PERSONAL SERVICES) • 5,200 SF
      4104 Main St, Dallas, TX 75226-1143
      View Details
    • Value Estimation
      $395,000
      9,160 SF

      3612 Commerce St

      RETAIL STORES (PERSONAL SERVICES) • 9,160 SF
      3612 Commerce St, Dallas, TX 75226-3414
      View Details
    • Value Estimation
      $400,000
      4,367 SF

      3014 Commerce St

      RETAIL STORES (PERSONAL SERVICES) • 4,367 SF
      3014 Commerce St, Dallas, TX 75226-1626
      View Details

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      Retail Space in Deep Ellum

      Prime retail space in Dallas's vibrant Deep Ellum neighborhood.
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      View Details
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    3000 Main St
    Dallas, TX 75226
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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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