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    10965 Composite Dr Dallas, TX 75220-1211
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    Property profile & analytics

    10965 Composite Dr, Dallas, TX 75220-1211

    View on Map
    • Bars & Pubs
    • 14,033 SF
    • 1.94 lot acres
    Off-Market
    Property ID
    US83-3905531
    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.
    Value Estimations
    $540,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Spearmint Rhino Gentlemen's Club Dallas / Nightclub / DJ & Entertainment

    Property Details for 10965 Composite Dr

    Year built
    1974
    Construction
    FRAME
    Lot size
    1.94 lot acres
    Zone code
    Z116
    Property type
    Bars & Pubs
    APN
    601956000000
    APU
    601956000000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 11, 2017 — SR Composite Property LLC — Deed · related $3.3M · Third Coast Bk Ssb
    Apr 17, 2017 — SR Composite Property LLC — Deed · related $1M · Third Coast Bk Ssb
    May 24, 2006 — SR Composite Property LLC Acfi Osf LLC Grant Deed $893k · Acfi Osf LLC
    Mar 4, 2003 $1,000,000 Acfi Osf LLC Osfii LP Trustees Deed —
    — — Osfii Limited Partnership LLC — Deed Of Trust · related $10M · Amresco Commercial Finance INC
    — — SR Composite Property LLC — Deed Of Trust · related $3.3M · Third Coast Bk Ssb
    — — Dallas SR — Deed Of Trust · related $1M · Jerry Spencer LP
    — — SR Composite Property LLC — Deed Of Trust · related $1M · Jerry Spencer LP
    — — SR Composite Property LLC — Deed Of Trust · related $1M · Jerry Spencer LP
    — — SR Composite Property LLC — Deed Of Trust · related $3.3M · Third Coast Bk Ssb
    — — SR Composite Property LLC — Deed Of Trust · related $1M · Third Coast Bk Ssb

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $590,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $483,000
      Market price range: $438k - $769k

    • Alternative Use

      Use
      Estimation
      NIGHTCLUB (COCKTAIL LOUNGE)
      $570,000
      Current use
      RETAIL STORES
      $890,000
      Change: +57% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $695,000
      Change: +22% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.8967
    Latitude
    32.88
    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
    $39,011
    $549,240
    $1,150,760
    $1,700,000
    -
    $549,240
    $1,150,760
    $1,700,000

    Comparable in this City

    • Value Estimation
      $1,085,000
      25,200 SF

      10737 Spangler Rd

      NIGHTCLUB (COCKTAIL LOUNGE)
      10737 Spangler Rd, Dallas, TX 75220-7101
      View Details
    • Value Estimation
      $725,000
      14,462 SF

      2150 California Xing Rd

      NIGHTCLUB (COCKTAIL LOUNGE)
      2150 California Xing Rd, Dallas, TX 75220-2312
      View Details
    • Value Estimation
      $2,245,000
      100,000 SF

      2551 Lombardy Ln

      NIGHTCLUB (COCKTAIL LOUNGE)
      2551 Lombardy Ln, Dallas, TX 75220-2424
      View Details
    • Value Estimation
      $640,000
      18,493 SF

      2350 Wnw Hwy

      NIGHTCLUB (COCKTAIL LOUNGE)
      2350 Wnw Hwy, Dallas, TX 75220
      View Details
    • Value Estimation by Request
      8,086 SF

      2102 Wnw Hwy

      NIGHTCLUB (COCKTAIL LOUNGE)
      2102 Wnw Hwy, Dallas, TX 75220-4212
      View Details
    • Value Estimation
      $605,000
      15,000 SF

      10250 Shady Trl

      NIGHTCLUB (COCKTAIL LOUNGE)
      10250 Shady Trl, Dallas, TX 75220-4424
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,425 SF

      Versatile Commercial Property Near Harry Hines

      High-traffic location with two units and income potential.
      9738 Brockbank Dr, Dallas, TX 75220
      View Details
    • $950,000
      0.21 Acres

      Mixed-Use Commercial Property with Two Units

      Two income-producing units, including a commissary kitchen and barbershop, positioned for flexible commercial use near major highways.
      9738 Brockbank Dr, Dallas, TX 75220
      View Details
    • Contact for pricing
      6,294 SF

      Retail Property in Dallas, Texas

      Retail property with 6,294 square feet of space.
      2403 Community Dr, Dallas, TX 75220
      View Details
    • Contact for pricing

      Stabilized Flex Industrial Property Dallas

      55,583 SF flex and industrial property in Northwest Dallas.
      10507 Harry Hines Blvd, Dallas, TX 75220
      View Details
    • Contact for pricing
      6,600 SF

      Freestanding Building on Northwest Highway

      Former bank building in a high-traffic area on Northwest Hwy.
      2209 W Northwest Hwy, Dallas, TX 75220
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,464 SF

      Freestanding Retail/Restaurant Opportunity

      Retail or restaurant space in high-traffic Dallas location.
      3249 W Northwest Hwy, Dallas, TX 75220
      View Details
    • Contact for pricing
      995 SF

      Restaurant Space Near Northwest Hwy

      Second generation restaurant space available near Northwest Highway.
      9620-9632 Overlake Dr, Dallas, TX 75220
      View Details
    • Contact for pricing
      1,840 SF

      Freestanding Retail or Restaurant Space

      Retail or restaurant opportunity in a high-traffic Dallas location.
      3237 W Northwest Hwy, Dallas, TX 75220
      View Details
    • Contact for pricing
      7,250 SF

      Retail Space with I-35 Exposure

      Retail property available for lease or ground lease.
      10310 Lombardy Ln, Dallas, TX 75220
      View Details
    • Contact for pricing
      1,300 SF

      Retail Space Near Love Field

      Retail space available near Dallas Love Field Airport.
      3440-3474 Webb Chapel Ext, Dallas, TX 75220
      View Details
    • Contact for pricing
      22,000 SF

      22,000 SF Retail/Showroom/Wholesale Space

      22,000 SF retail/showroom/wholesale space for lease.
      10700 Harry Hines Blvd, Dallas, TX 75220
      View Details

    Property Visit Statistics

    • Visits by month
      11.9k
    • Visitors by month
      8.7k
    • Avg Time on site
      12 min
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    Dallas, TX 75220-1211
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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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