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    14024 Josey Ln Farmers Branch, TX 75234-3526
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    Property profile & analytics

    14024 Josey Ln, Farmers Branch, TX 75234-3526

    View on Map
    • Retail space
    • 15,730 SF
    • 1.44 lot acres
    Off-Market
    Last Sale Aug 5, 2020
    Property ID
    US82-0105985
    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
    $605,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 14024 Josey Ln

    Year built
    1986
    Construction
    TILT-UP CONCRETE
    Lot size
    1.44 lot acres
    Zone code
    Z141
    Property type
    Retail space
    APN
    242252500A0020000
    APU
    242252500A0020000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 5, 2020 — Knza Holdings LLC Airhart Holdings LLC Venders Lien $1.3M · Texas Security Bank
    Jun 30, 2018 — Airhart Holdings LLC Primax Properties LLC Special Warranty Deed $1.3M · Peoples Bank
    Aug 30, 2016 — Primax Properties LLC — Deed · related $1.4M · Bank Of The Ozarks
    Aug 15, 2016 — Primax Properties LLC Kelly Moore-paint Co INC Warranty Deed —
    Jul 1, 2004 — Kelly-moore Paint Co INC K-m Industries Holding Co INC Grant Deed · related —
    — — Primax Properties LLC — Deed Of Trust · related $1.4M · Bank Of The Ozarks

    Description

    This exceptional 7,667-square-foot retail property, located at 14024 Josey Ln in Farmers Branch, Texas, 75234, presents a unique investment opportunity. The single-story building, situated on a highly visible parcel on Josey Lane near Valwood Parkway, offers excellent exposure to significant traffic. Currently fully vacant, the property comprises two suites, providing flexibility for various retail concepts. The zoning is designated as Local Retail District-2 (LR-2), allowing for a range of retail uses. The building boasts a total of 7,667 square feet, with each suite offering ample space for a variety of businesses. This location benefits from strong co-tenancy with established businesses including Family Dollar, Advanced Auto Parts, El Rancho Supermercado, Planet Fitness, and CVS, creating a vibrant and attractive retail environment. The property is ideally suited for a single tenant seeking a large space or multiple tenants looking for smaller units. This is a rare opportunity to acquire a well-located retail space in a thriving area of Farmers Branch. The property features no elevators. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $575,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $631,000
      Market price range: $564k - $1.38M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $955,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Farmers Branch
    County
    Dallas
    State
    Texas
    Longitude
    -96.89
    Latitude
    32.937
    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
    $38,928
    $375,050
    $1,480,550
    $1,855,600
    -
    $375,050
    $1,480,550
    $1,855,600

    Comparable in this City

    • Value Estimation
      $935,000
      23,807 SF

      13600 Stemmons Fwy

      RETAIL STORES (PERSONAL SERVICES)
      13600 Stemmons Fwy, Farmers Branch, TX 75234-5764
      View Details
    • Value Estimation
      $875,000
      9,996 SF

      2702 Valwood Pkwy

      RETAIL STORES (PERSONAL SERVICES)
      2702 Valwood Pkwy, Farmers Branch, TX 75234-3530
      View Details
    • Value Estimation by Request
      7,104 SF

      2880 Frst Ln

      RETAIL STORES (PERSONAL SERVICES)
      2880 Frst Ln, Dallas, TX 75234-7502
      View Details
    • Value Estimation by Request
      2,200 SF

      2425 Vly Vw Ln

      RETAIL STORES (PERSONAL SERVICES)
      2425 Vly Vw Ln, Farmers Branch, TX 75234-5723
      View Details
    • Value Estimation by Request
      1,998 SF

      11801 Webb Chapel Rd

      RETAIL STORES (PERSONAL SERVICES)
      11801 Webb Chapel Rd, Dallas, TX 75234-7721
      View Details
    • Value Estimation by Request
      1,296 SF

      2525 Vly Vw Ln

      RETAIL STORES (PERSONAL SERVICES)
      2525 Vly Vw Ln, Farmers Branch, TX 75234-6188
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      24,831 SF

      Retail, Office, Medical Space Available

      Located at the entrance of Dallas Medical Center.
      12004 Webb Chapel Rd, Farmers Branch, TX 75234
      View Details
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      High Visibility Retail/Industrial Property

      3.36-acre property with high visibility and mixed-use potential.
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      50,844 SF

      Corners Shopping Center: Prime Retail Space

      Farmers Branch, TX Restaurant Retail Opportunity
      2825 Valley View Ln, Farmers Branch, TX 75234
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    • Contact for pricing
      1,680 SF

      Freestanding Optical Retail & Office

      Turnkey freestanding space with existing optical fixtures and office functionality for eye care and related services.
      3120 Forest Lane Cir, Dallas, TX 75234
      View Details
    • New
      $75,000
      0.00 Acres

      Turnkey Freestanding Optical Space

      Freestanding commercial space with proven operating history, turnkey optical setup, and strong visibility for customer-facing eye care.
      3120 Forest Lane Cir, Dallas, TX 75234
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    Similar Nearby for Lease

    • Contact for pricing
      7,667 SF

      Retail Space Available For Lease

      7,667 square feet of divisible retail space for rent.
      14030 Josey Ln, Farmers Branch, TX 75234
      View Details
    • Contact for pricing
      20,700 SF

      Retail Space Near RL Turner

      Retail spaces available near major highways and high school.
      14510 Josey Ln, Carrollton, TX 75234
      View Details
    • Contact for pricing
      12,900 SF

      Freestanding Class A Retail Building

      Class A retail building in a high-traffic Dallas location.
      2899 Forest Ln, Dallas, TX 75234
      View Details
    • Contact for pricing
      2,190 SF

      Retail Space Near Valley View

      Retail space available with excellent visibility and convenient access.
      13150 Senlac Dr, Farmers Branch, TX 75234
      View Details
    • Contact for pricing
      29,216 SF

      Freestanding Retail Building Available

      Former Big Lot's box space in established neighborhood.
      2865 Valley View Ln, Dallas, TX 75234
      View Details
    • Contact for pricing
      4,433 SF

      Retail Space For Lease

      Retail space available for lease with ample parking.
      2301 Valley View Ln, Dallas, TX 75234
      View Details
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    Farmers Branch, TX 75234-3526
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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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