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

    16623 Coit Rd Dallas, TX 75248-2367

    • Super regional malls
    • 37,270 SF
    • 7.60 lot acres
    OFF-MARKET
    Value Estimations
    $5,110,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2300121
    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

    • It's Just Wings / Restaurant / Chicken Wings Restaurant
    • Chili's Grill & Bar / Restaurant / American Restaurant

    Property Details for 16623 Coit Rd

    Year built
    2000
    Construction
    TILT-UP CONCRETE
    Lot size
    7.60 lot acres
    Property size
    37,270 SF
    Zone code
    Z149
    Property type
    Super regional malls
    APN
    819900270020000
    APU
    819900270020000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $4,310,000
      Market price range: $1.27M - $4.31M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $5,565,000
      COMMERCIAL (GENERAL)
      $5,250,000
      RESTAURANT
      $5,240,000
      AUTO REPAIR, GARAGE
      $4,345,000
      RETAIL STORES
      $3,900,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.7695
    Latitude
    32.9811
    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
    $263,736
    $1,870,710
    $9,009,290
    $10,880,000
    -
    $1,870,710
    $9,009,290
    $10,880,000

    Comparable in this City

    • Value Estimation
      $7,960,000
      59,708 SF

      7529 Campbell Rd

      REGIONAL SHOPPING CENTER, MALL • 59,708 SF
      7529 Campbell Rd, Dallas, TX 75248-1701
      View Details
    • Value Estimation by Request
      3,910 SF

      14800 Coit Rd

      REGIONAL SHOPPING CENTER, MALL • 3,910 SF
      14800 Coit Rd, Dallas, TX 75248
      View Details
    • Value Estimation by Request
      11,840 SF

      14906 Spg Crk Rd

      REGIONAL SHOPPING CENTER, MALL • 11,840 SF
      14906 Spg Crk Rd, Dallas, TX 75248-5715
      View Details
    • Value Estimation
      $1,720,000
      43,287 SF

      16817 Coit Rd

      REGIONAL SHOPPING CENTER, MALL • 43,287 SF
      16817 Coit Rd, Dallas, TX 75248-1748
      View Details
    • Value Estimation
      $1,120,000
      45,996 SF

      7989 Belt Line Rd

      REGIONAL SHOPPING CENTER, MALL • 45,996 SF
      7989 Belt Line Rd, Dallas, TX 75248-5734
      View Details
    • Value Estimation
      $5,190,000
      38,400 SF

      6959 Arapaho Rd

      REGIONAL SHOPPING CENTER, MALL • 38,400 SF
      6959 Arapaho Rd, Dallas, TX 75248-4022
      View Details

    Similar Nearby for Sale

    • $648,500
      0.22 Acres

      Updated Duplex in Prime Location

      Spacious, updated duplex in Dallas with income potential.
      15825 El Estado Dr, Dallas, TX 75248
      View Details
    • $349,900
      1,685 SF

      Bonaventure Condominium with Resort Amenities

      Charming 2-bed, 2-bath condo with resort-style amenities and west-facing views.
      5200 Keller Springs Rd, Dallas, TX 75248
      View Details
    • $4,400,000
      0.92 Acres

      Prime Land in Glen Abbey

      0.92-acre lot in gated Dallas community, backs to White Rock Creek.
      54 Braewood Pl, Dallas, TX 75248
      View Details
    • Contact for pricing
      61,356 SF

      Stabilized Office Building For Sale

      Stabilized office building with strong tenants and long-term occupancy.
      16980 Dallas Pkwy, Dallas, TX 75248
      View Details
    • $225,000
      1,137 SF

      Light-Filled Corner Unit in Dallas

      Charming 2-bedroom condo with updates and community amenities.
      5335 Bent Tree Forest Dr, Dallas, TX 75248
      View Details
    • Contact for pricing
      34,520 SF

      Dallas Office Building For Sale

      Office building with 34,520 square feet of space.
      16250 Knoll Trail Dr, Dallas, TX 75248
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,923 SF

      Retail Space in Power Center

      Retail space available in a high-traffic Dallas power center.
      16731 Coit Rd, Dallas, TX 75248
      View Details
    • Contact for pricing
      1,125 SF

      Retail Space in Power Center

      Retail space available in a high-traffic Dallas power center.
      16623-16641 Coit Rd, Dallas, TX 75248
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space in Far North Dallas

      Repositioned retail space in the heart of Far North Dallas.
      6090 Campbell Rd, Dallas, TX 75248
      View Details
    • Contact for pricing
      1,517 SF

      Renovated End Cap Restaurant Space

      Prominent restaurant space in renovated retail center near UTD.
      7517-7651 Campbell Rd, Dallas, TX 75248
      View Details
    • Contact for pricing
      1,308 SF

      Remodeled Shopping Center For Rent

      84,250 SF shopping center remodeled in 2022, high-traffic location.
      7512-7650 Campbell Rd, Dallas, TX 75248
      View Details
    • Contact for pricing
      140,053 SF

      Dallas Retail Center: Prime Location

      140,053 SF Shopping Center, Dallas, TX
      7989 Belt Line Rd, Dallas, TX 75248
      View Details

    Property Visit Statistics

    • Visits by month
      36.2k
    • Visitors by month
      27.9k
    • Avg Time on site
      40 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.
    16623 Coit Rd
    Dallas, TX 75248-2367
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.