Property profile

12350 Lk June Rd Balch Springs, TX 75180

OFF-MARKET
Strip malls
Property ID
US82-2188018
13,816 SF 1.13 ac lot Built 1988
Individually Owned 9-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

Balch Spring Commons is a retail shopping strip property in Balch Springs, Texas, configured for leasing of individual commercial spaces. Available units include space measuring approximately 1,040 square feet.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1988
Construction TILT-UP CONCRETE
Total area 13,816 SF
Lot 1.13 ac (49,223 SF)
Zoning code Z250
APN 120831000103R0000
UPID US82-2188018

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Take-out & Catering
  • Mobile Phone Store Electronics & Wireless Store
  • Insurance Agency
  • Loan Service
  • Mobile Phone Store Electronics & Wireless Store

Location

12350 Lk June Rd Balch Springs, TX 75180-1600
Balch Springs metro Census 17201 DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$705k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.12M
Blend (final) Blend
$910k

Owner & transaction history

since 2017
2 recorded transactions
2017
Price N/A
1969
Price N/A

Zoning & alternative use

Z250 · Balch Springs, TX
Top alternative use upside
Office building $1.4M +58.8%
Retail stores $1.2M +36.3%
Medical building $1.1M +29.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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