Add Listing
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

    1309 Main St Dallas, TX 75202-4000

    • Apartment buildings
    • 142,995 SF
    • 0.33 lot acres
    OFF-MARKET
    Value Estimations
    $15,575,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-3875689
    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

    • Equilibrium Engineering Foundation Inspections / Structural Engineer
    • Blanket Base / (Bike/Boat/Book/etc) Store / Corporate Office
    • Wellington Foods / Big Box & Wholesale Store / Food Market
    • Timothy Flores Photography / Photography Service / (Bike/Boat/Book/etc) Store
    • Jt Roofing Solutions, Llc / Roofing Company / General Contractor

    Property Details for 1309 Main St

    Year built
    1925
    Construction
    STEEL FRAME
    Lot size
    0.33 lot acres
    Property size
    142,995 SF
    Zone code
    Z239
    Property type
    Apartment buildings
    APN
    100656000000
    APU
    100656000000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $12,506,000
      Market price range: $892k - $12.5M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $20,100,000
      AUTO REPAIR, GARAGE
      $16,680,000
      RETAIL STORES
      $14,965,000
      COMMERCIAL (GENERAL)
      $14,460,000
      NEIGHBORHOOD: SHOPPING CENTER
      $10,110,000
      MEDICAL BUILDING
      $9,700,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.8006
    Latitude
    32.7806
    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
    $951,021
    $1,382,250
    $40,060,540
    $41,442,790
    -
    $1,382,250
    $40,060,540
    $41,442,790

    Comparable in this City

    • Value Estimation
      $6,550,000
      255,640 SF

      1222 Commerce St

      APARTMENT HOUSE (5+ UNITS) • 255,640 SF
      1222 Commerce St, Dallas, TX 75202-4302
      View Details
    • Value Estimation
      $3,140,000
      80,800 SF

      1415 Main St

      APARTMENT HOUSE (5+ UNITS) • 80,800 SF
      1415 Main St, Dallas, TX 75202-4025
      View Details
    • Value Estimation
      $6,875,000
      191,542 SF

      1001 Ross Ave

      APARTMENT HOUSE (5+ UNITS) • 191,542 SF
      1001 Ross Ave, Dallas, TX 75202-1919
      View Details
    • Value Estimation
      $24,435,000
      225,520 SF

      1777 Record St

      APARTMENT HOUSE (5+ UNITS) • 225,520 SF
      1777 Record St, Dallas, TX 75202-1256
      View Details
    • Value Estimation
      $16,250,000
      409,493 SF

      1700 Cedar Spgs Rd

      APARTMENT HOUSE (5+ UNITS) • 409,493 SF
      1700 Cedar Spgs Rd, Dallas, TX 75202-1203
      View Details
    • Value Estimation
      $845,000
      20,000 SF

      1414 Elm St

      APARTMENT HOUSE (5+ UNITS) • 20,000 SF
      1414 Elm St, Dallas, TX 75202-2965
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      269 Units in Central Dallas

      269-unit multifamily property in prime downtown Dallas location.
      1222 Commerce St, Dallas, TX 75202
      View Details
    • Contact for pricing
      5,204 SF

      Elm Street Retail Opportunities

      Multiple retail spaces available on Elm and Main Streets.
      1302 Elm St, Dallas, TX 75202
      View Details
    • Contact for pricing
      3,200 SF

      Retail Space in Emerging Area

      Retail space available in Dallas's rapidly growing Cedars neighborhood.
      1200-1210 S Akard St, Dallas, TX 75202
      View Details
    • Contact for pricing
      7,227 SF

      Retail Space in Emerging Area

      Retail space available in a rapidly growing Dallas entertainment district.
      1406 S Akard St, Dallas, TX 75202
      View Details
    • Contact for pricing
      4,953 SF

      Retail Space in Emerging Area

      Retail space available in a rapidly growing Dallas urban area.
      1301 S Akard St, Dallas, TX 75202
      View Details
    • Contact for pricing
      5,742 SF

      Retail Space in Emerging Area

      Retail space available in a rapidly growing Dallas entertainment district.
      1401 S Akard St, Dallas, TX 75202
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      33,000 SF

      Renovated Office Space in West End

      Move-in ready office suites with DART access and on-site amenities.
      311 N Market St, Dallas, TX 75202
      View Details
    • Contact for pricing
      7,190 SF

      Retail Space Near Interstate 35

      Retail space available near Woodall Rodgers and Interstate 35.
      701-1718 Ross Ave, Dallas, TX 75202
      View Details
    • Contact for pricing

      Entertainment Venue in Cedars Area

      Venue with patio in the Cedars entertainment district.
      969 Terminal St, Dallas, TX 75202
      View Details
    • Contact for pricing
      662 SF

      Office and Shop Space Available

      Office and shop spaces for lease with on-site security.
      2302 E Pacific Ave, Dallas, TX 75202
      View Details
    • $24 SF/Yr
      4,655 SF

      Historic West End Office Building

      Historic office building in revitalized West End District for rent.
      1800-1802 N Market St, Dallas, TX 75202
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space on Ross Avenue

      Retail space available for lease in Dallas, Texas.
      1001 Ross Ave, Dallas, TX 75202
      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.
    1309 Main St
    Dallas, TX 75202-4000
    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.
    Sign Up Successful!
    You now have access to more from Realmo!