New search
Property profile & analytics
OFF-MARKET
Estimated value
$2,150,000
Strip malls
11903 Lk June Rd, Balch Springs, TX 75180-1377
Individually Owned
20-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-0224534
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1973
Construction
TILT-UP CONCRETE
Total area
77,810 SF
Lot
5.44 ac (236,836 SF)
Zoning code
Z138
APN
12083500000090000
UPID
US82-0224534
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.15M
Owner & transaction history
Lake June-hickory Tree Ltd · 20 yrs held
Lake June-hickory Tree Ltd
since 2006
7 recorded transactions
Zoning & alternative use
Z138 · Balch Springs, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Balch Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Balch Springs submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$28 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$48,686
Tax year 2023
Assessed value
$1,996,090
Assessed 2023
Previous assessed
$1,996,090
+0.0% YoY
Effective rate
2.44%
On assessed value
Assessed land
$473,670
Assessed improvement
$1,522,420
Land market value
$473,670
Improvement market value
$1,522,420
Total market value
$1,996,090
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1973
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
4
Total area
77,810 SF
Lot
5.44 ac (236,836 SF)
Zoning code
Z138
APN
12083500000090000
UPID
US82-0224534
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z138 · Balch Springs, TX
Zoning Z138 · permitted uses
Z138 · Balch Springs, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Balch Springs. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1973
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
4
Lot
5.44 ac
Current owner
From public records · entity-resolved
Lake June-hickory Tree Ltd
Individual
Mailing address
805 MARQUIS CT, COSTA MESA, CA 92626-7304
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 21, 2009
—
Tan B Le
—
Trustees Deed
related
$1,203,998 · Frost National Bank
Jan 18, 2006
—
Lake June-hickory Tree Ltd
Le,tan
Warranty Deed
$1,300,000 · Summit Bank
Jan 11, 2006
—
Tan Le
World Top Corp
Warranty Deed
$1,300,000 · Summit Bank
—
—
Lake June-hickory Tree Ltd
—
Deed Of Trust
related
$1,106,528 · Frost National Bank
—
—
Lake June-hickory Tree Ltd
—
Deed Of Trust
related
$1,500,000 · Legacy Bk/tx
—
—
Lake June-hickory Tree Ltd
—
Loan Modification
related
$1,003,405 · Frost Bank
—
—
Tan B Le
—
Deed Of Trust
related
$1,192,834 · Frost National Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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