Sign Up Successful!
You now have access to more from Realmo!
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

    1415 Medical District Dr Dallas, TX 75207-2303

    • Turn key restaurants
    • 5,568 SF
    • 1.27 lot acres
    OFF-MARKET
    Last Sale
    Aug 13, 2020
    Value Estimations
    $590,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4622555
    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

    • Denny's / Diner / American Restaurant
    • The Burger Den / Delivery Restaurant
    • The Meltdown / Restaurant

    Property Details for 1415 Medical District Dr

    Year built
    1969
    Construction
    FRAME
    Lot size
    1.27 lot acres
    Property size
    5,568 SF
    Zone code
    Z46
    Property type
    Turn key restaurants
    APN
    776404000000
    APU
    776404000000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $495,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $685,000
      Market price range: $529k - $1.07M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $785,000
      Current use
      AUTO REPAIR, GARAGE
      $650,000
      Change: -17% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.8397
    Latitude
    32.808
    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
    $32,618
    $1,379,750
    $41,650
    $1,421,400
    -
    $1,379,750
    $41,650
    $1,421,400

    Comparable in this City

    • Value Estimation by Request
      5,637 SF

      1414 Dragon St

      RESTAURANT • 5,637 SF
      1414 Dragon St, Dallas, TX 75207-3907
      View Details
    • Value Estimation by Request
      2,968 SF

      1950 Market Ctr Blvd

      RESTAURANT • 2,968 SF
      1950 Market Ctr Blvd, Dallas, TX 75207-3317
      View Details
    • Value Estimation
      $655,000
      5,560 SF

      1617 Market Ctr Blvd

      RESTAURANT • 5,560 SF
      1617 Market Ctr Blvd, Dallas, TX 75207-3915
      View Details
    • Value Estimation by Request
      2,852 SF

      600 Riverfront Blvd

      RESTAURANT • 2,852 SF
      600 Riverfront Blvd, Dallas, TX 75207-4504
      View Details
    • Value Estimation by Request
      2,667 SF

      1838 Irving Blvd

      RESTAURANT • 2,667 SF
      1838 Irving Blvd, Dallas, TX 75207-6604
      View Details
    • Value Estimation
      $685,000
      5,459 SF

      1926 Market Ctr Blvd

      RESTAURANT • 5,459 SF
      1926 Market Ctr Blvd, Dallas, TX 75207-3317
      View Details

    Similar Nearby for Sale

    • $2,790,000
      8,906 SF

      Dallas Mixed-Use Investment Opportunity

      Prime Dallas location, 8,906 sq ft, city & park views.
      1212 Riverfront Blvd, Dallas, TX 75207
      View Details
    • Contact for pricing
      6,222 SF

      Secured Parking Lot For Sale

      6,222 SF parking lot with 12 secured parking spots.
      2001 Irving Blvd, Dallas, TX 75207
      View Details
    • $2,450,000
      6,250 SF

      Design District Showroom For Sale

      Updated showroom in the Design District with rooftop access.
      1310 Dragon St, Dallas, TX 75207
      View Details
    • Contact for pricing
      39,247 SF

      Showroom Gallery with New Units

      Showroom gallery with easy I-35 access, new units.
      2323-2335 Valdina St, Dallas, TX 75207
      View Details
    • Contact for pricing
      3,180 SF

      Retail Space on Market Center

      Retail space with land for sale in Dallas, TX.
      2006 Market Center Blvd, Dallas, TX 75207
      View Details
    • $895,000
      3,337 SF

      Dallas Design District Warehouse

      3,337 SF Flex Space, $895,000
      4770 Iberia Ave, Dallas, TX 75207
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,220 SF

      Restaurant Space with Drive-Thru

      2,220 SF restaurant space with drive-thru in unique design district.
      212 Continental Ave, Dallas, TX 75207
      View Details
    • $25 SF/Yr
      26,998 SF

      139 Turtle Creek Blvd

      Restaurants • 26,998 SF
      139 Turtle Creek Blvd, Dallas, TX 75207
      View Details
    • Contact for pricing
      161,855 SF

      Dallas Design District Retail Space

      Prime Dallas location, multiple restaurant suites available.
      150 Turtle Creek Blvd, Dallas, TX 75207
      View Details
    • $22 SF/Yr
      21,566 SF

      Dallas Design District Office Space

      21,566 SF Multi-Use Office, Restaurant
      1937 Irving Blvd, Dallas, TX 75207
      View Details
    • Contact for pricing
      5,200 SF

      West Dallas Restaurant/Retail Opportunity

      Restaurant or retail space in thriving West Dallas trade area.
      120 W Commerce St, Dallas, TX 75207
      View Details
    • Contact for pricing
      18,300 SF

      Algiers St Flex Space For Lease

      Dallas County flex space; 2 suites available.
      4748 Algiers St, Dallas, TX 75207
      View Details

    Property Visit Statistics

    • Visits by month
      19.3k
    • Visitors by month
      15.8k
    • Avg Time on site
      55 min
    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.
    1415 Medical District Dr
    Dallas, TX 75207-2303
    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.