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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1507 Hwy 67 Cedar Hill, TX 75104-3621

    • Retail space
    • 2,508 SF
    • 0.63 lot acres
    OFF-MARKET
    Value Estimations
    $260,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3591273
    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

    • Let 'Em Ride Autos Inc. / Used Car Dealer / Auto Repair Shop

    Property Details for 1507 Hwy 67

    Year built
    1976
    Construction
    FRAME
    Lot size
    0.63 lot acres
    Property size
    2,508 SF
    Zone code
    Z137
    Property type
    Retail space
    APN
    65121829010040100
    APU
    65121829010040100

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $260,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $262,000
      Market price range: $80.4k - $401k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $240,000
      Current use
      OFFICE BUILDING
      $320,000
      Change: +33% Conversion: Easy
      AUTO REPAIR, GARAGE
      $295,000
      Change: +22% Conversion: Difficult
      MEDICAL BUILDING
      $225,000
      Change: -7% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Hill
    County
    Dallas
    State
    Texas
    Longitude
    -96.9718
    Latitude
    32.5598
    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
    $6,710
    $68,830
    $219,870
    $288,700
    -
    $68,830
    $219,870
    $288,700

    Comparable in this City

    • Value Estimation
      $310,000
      680 SF

      115 Broad St

      RETAIL STORES (PERSONAL SERVICES) • 680 SF
      115 Broad St, Cedar Hill, TX 75104-2657
      View Details
    • Value Estimation
      $370,000
      1,500 SF

      208 Houston St

      RETAIL STORES (PERSONAL SERVICES) • 1,500 SF
      208 Houston St, Cedar Hill, TX 75104-2676
      View Details
    • Value Estimation
      $495,000
      3,400 SF

      401 J Elmer Weaver Fwy

      RETAIL STORES (PERSONAL SERVICES) • 3,400 SF
      401 J Elmer Weaver Fwy, Cedar Hill, TX 75104-2718
      View Details
    • Value Estimation
      $405,000
      7,072 SF

      100 Belt Line Rd

      RETAIL STORES (PERSONAL SERVICES) • 7,072 SF
      100 Belt Line Rd, Cedar Hill, TX 75104-2011
      View Details
    • Value Estimation
      $440,000
      3,400 SF

      517 Belt Line Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,400 SF
      517 Belt Line Rd, Cedar Hill, TX 75104-2210
      View Details
    • Value Estimation
      $475,000
      3,280 SF

      531 Belt Line Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,280 SF
      531 Belt Line Rd, Cedar Hill, TX 75104-2210
      View Details

    Similar Nearby for Sale

    • $3,500,000
      8,930 SF

      High Profile NNN Pad Sites

      NNN pad sites anchored by Verizon and Sears.
      145 W Fm 1382, Cedar Hill, TX 75104
      View Details
    • Contact for pricing
      2.38 Acres

      Preston Trail Center: Prime Commercial Lot

      2.378-acre vacant lot, ideal for various uses.
      0 Sec Of Fm 1382 & Struass Rd, Cedar Hill, TX 75104
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    • $565,000
      3.70 Acres

      Prime Cedar Hill Retail Opportunity

      High-traffic location, 3.7 acres, 693 SF building.
      1505 J Elmer Weaver Fwy, Cedar Hill, TX 75104
      View Details
    • $3,700,000
      28.95 Acres

      Prime Commercial Acreage in Cedar Hill

      Versatile property suitable for retail and residential development near Highway 67.
      1318 N J Elmer Weaver Fwy, Cedar Hill, TX 75104
      View Details
    • $4,300,000
      0.70 Acres

      Remodeled Car Wash in Cedar Hill

      Remodeled flex car wash with real estate and equipment for sale.
      115 W Belt Line Rd, Cedar Hill, TX 75104
      View Details
    • $4,000,000
      12.44 Acres

      Cedar Hill Mixed-Use Land

      12-Acre Retail Lot, Prime Location
      600 Cedar Hill Rd, Cedar Hill, TX 75104
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,000 SF

      Cedar Hill Retail Space Available

      Retail space available in Cedar Hill Crossing power center.
      420-432 Highway 67 N, Cedar Hill, TX 75104
      View Details
    • New
      $2,500 /Mo
      13,852 SF

      Cedar Hill Commercial Lease Opportunity

      High-visibility space ideal for retail, office, or service-based businesses.
      216 W Belt Line Rd, Cedar Hill, TX 75104
      View Details
    • Contact for pricing
      2,860 SF

      Retail/Restaurant Space For Lease

      Retail or restaurant space available in Cedar Hill retail corridor.
      538 E Belt Line Rd, Cedar Hill, TX 75104
      View Details
    • Contact for pricing
      22,844 SF

      Retail Space in Uptown Center

      Retail space available in high-traffic Uptown Center.
      613-617 Uptown Blvd, Cedar Hill, TX 75104
      View Details
    • $1,500 /Mo
      31,555 SF

      Retail/Office Space in Cedar Hill

      Storefront in strip center with good traffic and street signage.
      320 S Clark Rd, Cedar Hill, TX 75104
      View Details
    • Contact for pricing
      14,616 SF

      Uptown Center Retail Space Available

      Dallas Retail Space: 1,883 sq ft storefront.
      613 Uptown Blvd, Cedar Hill, TX 75104
      View Details
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    1507 Hwy 67
    Cedar Hill, TX 75104-3621
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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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