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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1070 J Elmer Weaver Fwy Cedar Hill, TX 75104

    • Grocery and convenience stores
    • 5,972 SF
    • 1.38 lot acres
    OFF-MARKET
    Value Estimations
    $525,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-7364894
    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

    • Grocery and convenience stores

    Property Details for 1070 J Elmer Weaver Fwy

    Year built
    1987
    Construction
    TILT-UP CONCRETE
    Lot size
    1.38 lot acres
    Property size
    5,972 SF
    Zone code
    Z31
    Property type
    Grocery and convenience stores
    APN
    16031600000000000
    APU
    16031600000000000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $480,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $573,000
      Market price range: $574k - $883k

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $820,000
      OFFICE BUILDING
      $765,000
      AUTO REPAIR, GARAGE
      $700,000
      RETAIL STORES
      $575,000
      MEDICAL BUILDING
      $535,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Hill
    County
    Dallas
    State
    Texas
    Longitude
    -96.9259
    Latitude
    32.6085
    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
    $19,220
    $360,490
    $466,390
    $826,880
    -
    $360,490
    $466,390
    $826,880

    Comparable in this City

    • Value Estimation
      $575,000
      6,000 SF

      920 Hwy 67

      CONVENIENCE STORE • 6,000 SF
      920 Hwy 67, Cedar Hill, TX 75104-1815
      View Details
    • Value Estimation by Request
      2,925 SF

      216 Houston St

      CONVENIENCE STORE • 2,925 SF
      216 Houston St, Cedar Hill, TX 75104-2676
      View Details
    • Value Estimation
      $500,000
      3,200 SF

      489 Fm 1382

      CONVENIENCE STORE • 3,200 SF
      489 Fm 1382, Cedar Hill, TX 75104-6000
      View Details
    • Value Estimation by Request
      2,035 SF

      425 Fm 1382

      CONVENIENCE STORE • 2,035 SF
      425 Fm 1382, Cedar Hill, TX 75104
      View Details
    • Value Estimation by Request
      1,750 SF

      403 Houston St

      CONVENIENCE STORE • 1,750 SF
      403 Houston St, Cedar Hill, TX 75104-2643
      View Details
    • Value Estimation
      $7,220,000
      52,604 SF

      108 Belt Line Rd

      GROCERY, SUPERMARKET • 52,604 SF
      108 Belt Line Rd, Cedar Hill, TX 75104-2059
      View Details

    Similar Nearby for Sale

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      8,930 SF

      High Profile NNN Pad Sites

      NNN pad sites anchored by Verizon and Sears.
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    • Contact for pricing
      2.38 Acres

      Preston Trail Center: Prime Commercial Lot

      2.378-acre vacant lot, ideal for various uses.
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    • $565,000
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      Prime Cedar Hill Retail Opportunity

      High-traffic location, 3.7 acres, 693 SF building.
      1505 J Elmer Weaver Fwy, Cedar Hill, TX 75104
      View Details
    • $3,700,000
      28.95 Acres

      Prime Commercial Acreage in Cedar Hill

      Versatile property suitable for retail and residential development near Highway 67.
      1318 N J Elmer Weaver Fwy, Cedar Hill, TX 75104
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    • $4,300,000
      0.70 Acres

      Remodeled Car Wash in Cedar Hill

      Remodeled flex car wash with real estate and equipment for sale.
      115 W Belt Line Rd, Cedar Hill, TX 75104
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    • $4,000,000
      12.44 Acres

      Cedar Hill Mixed-Use Land

      12-Acre Retail Lot, Prime Location
      600 Cedar Hill Rd, Cedar Hill, TX 75104
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,000 SF

      Cedar Hill Retail Space Available

      Retail space available in Cedar Hill Crossing power center.
      420-432 Highway 67 N, Cedar Hill, TX 75104
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    • $2,500 /Mo
      13,852 SF

      Cedar Hill Commercial Lease Opportunity

      High-visibility space ideal for retail, office, or service-based businesses.
      216 W Belt Line Rd, Cedar Hill, TX 75104
      View Details
    • Contact for pricing
      14,616 SF

      Uptown Center Retail Space Available

      Dallas Retail Space: 1,883 sq ft storefront.
      613 Uptown Blvd, Cedar Hill, TX 75104
      View Details
    • Contact for pricing
      2,212 SF

      Retail Space in Hillside Village

      Community-driven lifestyle center with high foot traffic and regional anchors.
      305 W Fm 1382, Cedar Hill, TX 75104
      View Details
    • Contact for pricing
      6,345 SF

      Restaurant/Retail Development Opportunity

      New restaurant/retail development opportunity in Cedar Hill, Texas.
      723 Belt Line Rd, Cedar Hill, TX 75104
      View Details
    • Contact for pricing
      1,300 SF

      Retail Spaces in Cedar Hill

      Retail spaces available in a busy Cedar Hill shopping center.
      233 E Fm 1382, Cedar Hill, TX 75104
      View Details
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    Cedar Hill, TX 75104
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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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