Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    108 Marsalis Ave Dallas, TX 75203

    • Warehouses
    • 5,130 SF
    • 0.93 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    9.7%
    Warehouses
    Location Intelligence
    Property ID
    US83-3655065
    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

    • AJ Auto Services / Auto Repair Shop / Tire Shop
    • Coin Wash / Self Service Car Wash
    • Steel machines motor cars LLC / Used Car Dealer / Car Dealer

    Property Details for 108 Marsalis Ave

    Year built
    2006
    Construction
    STEEL FRAME
    Lot size
    0.93 lot acres
    Property size
    5,130 SF
    Zone code
    Z239
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    003079009601A0000
    APU
    003079009601A0000

    Description

    This exceptional retail property, located at 108 N. Marsalis Ave. in Dallas, Texas, offers a substantial 40,424 square feet of space. Situated in the heart of Dallas, within Dallas County, zip code 75203, this property presents a unique opportunity for businesses seeking a prominent location. The property's zoning is designated PD - 468 (Subdistrict D - TR 3) WMU - 5, providing flexibility for a range of retail uses. The precise permitted uses are defined within the zoning designation. This expansive space is ideal for a variety of retail concepts, offering ample room for large-scale operations or the potential for subdivision into smaller units. The address, 108 N. Marsalis Ave., ensures high visibility and accessibility for customers. Its location in Dallas, Texas, provides access to a large and diverse consumer base. The property's size and prime location make it an attractive investment opportunity for businesses seeking to establish or expand their presence in a thriving market. Interested parties should review the zoning designation to confirm suitability for their intended use. The geographic coordinates are 32.7486728 latitude and -96.8152758 longitude.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $515,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $835,000
      6.5%
      $770,000
      7%
      $715,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $655,000
      Market price range: $154k - $656k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $415,000
      Current use
      RETAIL STORES
      $775,000
      Change: +87% Conversion: Moderate
      RESTAURANT
      $720,000
      Change: +74% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $600,000
      Change: +45% Conversion: Easy
      OFFICE BUILDING
      $410,000
      Change: -1% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $365,000
      Change: -12% Conversion: Moderate
      MEDICAL BUILDING
      $350,000
      Change: -16% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.8152
    Latitude
    32.7487
    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
    $20,638
    $889,330
    $10,000
    $899,330
    -
    $889,330
    $10,000
    $899,330

    Comparable in this City

    • Value Estimation
      $265,000
      3,850 SF

      2802 11th St

      MINI-WAREHOUSE, STORAGE • 3,850 SF
      2802 11th St, Dallas, TX 75203-2011
      View Details
    • Value Estimation
      $475,000
      87,474 SF

      3616 Kiest Blvd

      MINI-WAREHOUSE, STORAGE • 87,474 SF
      3616 Kiest Blvd, Dallas, TX 75203-4156
      View Details
    • Value Estimation
      $305,000
      1,200 SF

      200 Clarendon Dr

      MINI-WAREHOUSE, STORAGE • 1,200 SF
      200 Clarendon Dr, Dallas, TX 75203-2915
      View Details
    • Value Estimation
      $385,000
      10,604 SF

      220 Santa Fe Ave

      MINI-WAREHOUSE, STORAGE • 10,604 SF
      220 Santa Fe Ave, Dallas, TX 75203-2029
      View Details
    • Value Estimation
      $560,000
      77,040 SF

      3730 Kiest Blvd

      MINI-WAREHOUSE, STORAGE • 77,040 SF
      3730 Kiest Blvd, Dallas, TX 75203-4157
      View Details
    • Value Estimation
      $400,000
      7,500 SF

      3605 Kiest Blvd

      MINI-WAREHOUSE, STORAGE • 7,500 SF
      3605 Kiest Blvd, Dallas, TX 75203-4120
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      71 SF

      Industrial Manufacturing Buildings on 5.95 Acres

      Two industrial buildings totaling 71,025 SF on 5.95 acres.
      3044 Morrell Ave, Dallas, TX 75203
      View Details
    • Contact for pricing
      2.15 Acres

      Dallas Retail Land Opportunity

      Prime Bishop Arts District location, 96,775 SF.
      0 8Th St, Dallas, TX 75203
      View Details
    • Contact for pricing

      Land Available For Sale

      24,975 SF of land for sale in Dallas, TX.
      812 N Marsalis Ave, Dallas, TX 75203
      View Details
    • $1,600,000

      Land Near Cadillac Heights

      Approximately 11 acres of land near Cadillac Heights.
      1001 Sargent Rd, Dallas, TX 75203
      View Details
    • Contact for pricing
      33,367 SF

      Land Available in Dallas, TX

      Land parcel available for sale in Dallas, Texas.
      1620 Plowman Ave, Dallas, TX 75203
      View Details
    • $164,000
      0.20 Acres

      Land Near Downtown Dallas

      Unimproved land suitable for building near downtown Dallas.
      325 Leads St, Dallas, TX 75203
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      182,693 SF

      Industrial Distribution Center Available

      182,693 SF industrial space for lease in Dallas, TX.
      10820 Bonnie View Rd, Dallas, TX 75203
      View Details
    • Contact for pricing
      181,373 SF

      Industrial Distribution Center for Lease

      182,693 SF industrial space available for lease.
      10710 Bonnie View Rd, Dallas, TX 75203
      View Details
    • Contact for pricing
      6,086 SF

      Industrial Flex Space Available

      6,086 SF flex space with office in Dallas, TX
      1821 N Beckley Ave, Dallas, TX 75203
      View Details
    • Contact for pricing
      16,472 SF

      Bishop Arts District Pad Site

      Prime Retail Land, 0.38 Acres
      423 Beckley Ave, Dallas, TX 75203
      View Details
    • Contact for pricing
      31,594 SF

      Plano Executive Office Space

      Prime Plano Office: 5,388 SF Available
      3409 Central Expy, Dallas, TX 75203
      View Details
    • $3,350 /Mo

      Luxury 4-Story Modern Townhome

      Stunning, brand new 3-bedroom townhome with rooftop terrace and garage.
      604 N Ewing Ave, Dallas, TX 75203
      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.
    108 Marsalis Ave
    Dallas, TX 75203
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.