3611 Ramona AveDallas, TX 75216

Property Details for 3611 Ramona Ave

Year built

1967

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.17 AC

Property size (Sq ft)

2,100 SF

Zone code

Z59

Property type

Retail properties

Property subtype

Retail space

APN

302980000000

APU

302980000000

Description

This 1,300 square foot freestanding building in Dallas, Texas, presents a compelling investment opportunity. Located at 3611 Ramona Ave, Dallas, TX 75216, this hospitality/retail property is currently leased to Flavors Shaved Ice, Daiquiris, Fast Food & More, providing immediate income upon acquisition. The building's classification includes QSR/Fast Food and Restaurant subtypes, making it suitable for a variety of food service businesses. The net rentable area is 1,300 square feet, and the property includes two keys. The property is situated in Dallas County and benefits from its established location within the city. This turnkey investment offers a stable income stream with an existing tenant in place, minimizing vacancy risk. The sale includes the current lease agreement, ensuring a consistent return on investment. This is an excellent opportunity for investors seeking a profitable, low-maintenance commercial property in a thriving Dallas location. The property's convenient location and established tenant make it an attractive option for buyers looking for a strong return on their investment. The building's existing infrastructure and operational status minimize upfront capital expenditures, allowing for a quicker return on investment.

• CAP approach

  CAP return

  Valuation

  6%

  $526,499

  6.5%

  $485,999

  7%

  $451,285

• Comparable approach

  Method

  Valuation

  Relative Method

  $577,441

  Geo Method

  $1,584,372

• Alternative Use

  Use

  Valuation

  Residential

  $409,958

  Hospitality

  $375,520

  Educational

  $312,428

  Medical

  $323,173

  Retail

  $485,999

Location Insight

City

Dallas

County

Dallas

State

Texas

Latitude

32.7009

Longitude

-96.8061

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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