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

    1632 Storey Ln Dallas, TX 75220-5204

    • Grocery and convenience stores
    • 10,016 SF
    • 1.83 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2217960
    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

    • Bitstop Bitcoin ATM / Atm / Currency Exchange Service
    • 76 / Gas Station
    • Athena Bitcoin ATM / Crypto Atm / Atm
    • Valero / Gas Station
    • Castellano Tacos / Mexican Restaurant

    Property Details for 1632 Storey Ln

    Year built
    1999
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.83 lot acres
    Property size
    10,016 SF
    Zone code
    Z116
    Property type
    Grocery and convenience stores
    APN
    005797000B2AR0000
    APU
    005797000B2AR0000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.8862
    Latitude
    32.8521
    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
    $44,193
    $0.00
    $0.00
    $1,819,760
    -
    $0.00
    $0.00
    $1,819,760

    Comparable in this City

    • Value Estimation
      $395,000
      5,980 SF

      9620 Harry Hines Blvd

      CONVENIENCE STORE • 5,980 SF
      9620 Harry Hines Blvd, Dallas, TX 75220-5706
      View Details
    • Value Estimation
      $875,000
      43,127 SF

      9727 Webb Chapel Rd

      GROCERY, SUPERMARKET • 43,127 SF
      9727 Webb Chapel Rd, Dallas, TX 75220-3555
      View Details
    • Value Estimation by Request
      21,908 SF

      10544 Harry Hines Blvd

      GROCERY, SUPERMARKET • 21,908 SF
      10544 Harry Hines Blvd, Dallas, TX 75220-2633
      View Details
    • Value Estimation
      $445,000
      3,168 SF

      10998 Harry Hines Blvd

      CONVENIENCE STORE • 3,168 SF
      10998 Harry Hines Blvd, Dallas, TX 75220-1316
      View Details
    • Value Estimation
      $435,000
      2,403 SF

      2745 Wnw Hwy

      CONVENIENCE STORE • 2,403 SF
      2745 Wnw Hwy, Dallas, TX 75220-4744
      View Details
    • Value Estimation
      $265,000
      2,600 SF

      3434 Webb Chapel Ext

      CONVENIENCE STORE • 2,600 SF
      3434 Webb Chapel Ext, Dallas, TX 75220-6751
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      25,841 SF

      Dallas Retail Center: Prime Location

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      Harry Hines Retail Opportunity

      Retail space in Harry Hines Trade District with storage yard.
      10807 Harry Hines Blvd, Dallas, TX 75220
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      6,600 SF

      Freestanding Building on Northwest Highway

      Former bank building with high traffic and multiple access points.
      2209 W Northwest Hwy, Dallas, TX 75220
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    • $925,000
      0.21 Acres

      Dallas Commercial Property Near Harry Hines

      Versatile commercial property with immediate income potential near major highways.
      9738 Brockbank Dr, Dallas, TX 75220
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      6,294 SF

      Retail Property in Dallas, Texas

      Retail property with 6,294 square feet of space.
      2403 Community Dr, Dallas, TX 75220
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    • Contact for pricing
      1.61 Acres

      Dallas Retail Center - Hwy Access

      High-traffic retail space, ample parking.
      2209 Northwest Hwy, Dallas, TX 75220
      View Details

    Similar Nearby for Lease

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      13,570 SF

      Dallas Retail Space - Northwest Hwy

      Prime Dallas storefront, 1,000 sq ft available.
      2731 Northwest Hwy, Dallas, TX 75220
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      7,250 SF

      Retail Space with I-35 Exposure

      Retail property available for lease or ground lease.
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    • Contact for pricing
      1,200 SF

      Retail Space For Lease

      Retail space available for lease in Dallas, TX.
      10793-10797 Harry Hines Blvd, Dallas, TX 75220
      View Details
    • Contact for pricing
      750 SF

      Retail Space in Dallas Center

      Retail space available in a high-traffic Dallas shopping center.
      2904-2950 W Northwest Hwy, Dallas, TX 75220
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    • Contact for pricing
      1,210 SF

      Retail Space with Ample Parking

      Retail space with high visibility and multiple access points.
      14400 Marsh Ln, Dallas, TX 75220
      View Details
    • Contact for pricing
      22,000 SF

      22,000 SF Retail/Showroom/Wholesale Space

      22,000 SF retail/showroom/wholesale space for lease.
      10700 Harry Hines Blvd, Dallas, TX 75220
      View Details

    Property Visit Statistics

    • Visits by month
      5.6k
    • Visitors by month
      3.3k
    • Avg Time on site
      13 min
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    1632 Storey Ln
    Dallas, TX 75220-5204
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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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