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    1903 Mcbroom St Dallas, TX 75212
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    Property profile & analytics

    1903 Mcbroom St, Dallas, TX 75212

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    • Churches & religious facilities
    Off-Market
    Property ID
    US82-1995599
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Churches & religious facilities

    Property Details for 1903 Mcbroom St

    Property type
    Churches & religious facilities

    Description

    This exceptional property, located at 1903 McBroom St, Dallas, TX 75212, presents a unique investment opportunity. Situated on a desirable corner lot within the sought-after Trinity Groves area of Dallas, this special purpose property is being offered for sale as a land opportunity. The existing structure is a church building, but the sale is strictly for the land itself. However, the existing building could potentially be repurposed for continued religious use or adapted for alternative commercial uses, such as a convenience store, subject to all necessary permits and approvals. The asking price for this 75212 Dallas property is $175,000. The property's prime location in Trinity Groves offers excellent visibility and accessibility, making it an attractive proposition for a variety of potential uses. Given its location and existing structure, this property represents a compelling investment opportunity for developers or entrepreneurs seeking a strategic location in a thriving Dallas neighborhood. The property's coordinates are 32.7828128 latitude and -96.8504825 longitude. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.8504825
    Latitude
    32.7828128

    Comparable in this City

    • New
      $350,000
      0.30 Acres

      Corner Lot Land for Two Homes

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      0.19 Acres

      Multi-Use Church and Daycare Facility

      A combined church and daycare setup offering flexible commercial space for faith-based, educational, or redevelopment use.
      3530 Puget St, Dallas, TX 75212
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    • $550,000
      Pending

      Move-In-Ready Church Facility

      Well-equipped sanctuary with office space, kitchen area, and fenced paved parking for a growing congregation.
      3237 Puget St, Dallas, TX 75212
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    • Contact for pricing
      2,400 SF

      Dallas Multi-Use Commercial Property

      Versatile property ideal for faith-based, educational, or redevelopment purposes.
      3530 Puget St, Dallas, TX 75212
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    • $245,000
      0.14 Acres

      Corner Lot Flex Venue

      Commercial-zoned facility with recent major updates and a baptismal pool, suited for events or flexible redevelopment.
      1738 Nomas St, Dallas, TX 75212
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    • Contact for pricing
      1,952 SF

      Commercial Property with Church Use

      Commercial property suitable for church, events, or redevelopment in Dallas.
      1738 Nomas St, Dallas, TX 75212
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,400 SF

      Dallas Multi-Use Commercial Property

      Versatile property ideal for faith-based, educational, or redevelopment purposes.
      3530 Puget St, Dallas, TX 75212
      View Details
    • New
      $350,000
      0.30 Acres

      Corner Lot Land for Two Homes

      Two platted lots zoned R-5 offer redevelopment potential for two separate single-family residences on a corner parcel.
      1850 Bayside St, Dallas, TX 75212
      View Details
    • $240,000
      0.19 Acres

      Multi-Use Church and Daycare Facility

      A combined church and daycare setup offering flexible commercial space for faith-based, educational, or redevelopment use.
      3530 Puget St, Dallas, TX 75212
      View Details
    • Contact for pricing
      1,952 SF

      Commercial Property with Church Use

      Commercial property suitable for church, events, or redevelopment in Dallas.
      1738 Nomas St, Dallas, TX 75212
      View Details
    • $245,000
      0.14 Acres

      Corner Lot Flex Venue

      Commercial-zoned facility with recent major updates and a baptismal pool, suited for events or flexible redevelopment.
      1738 Nomas St, Dallas, TX 75212
      View Details
    • $550,000
      Pending

      Move-In-Ready Church Facility

      Well-equipped sanctuary with office space, kitchen area, and fenced paved parking for a growing congregation.
      3237 Puget St, Dallas, TX 75212
      View Details

    Similar Nearby for Lease

    • $1,000 /Mo
      5,001 SF

      Fenced Vacant Lot with Expansion Options

      Fenced vacant lot near a corner, with option to lease alone or together with adjacent lots.
      2723 Meyersville Ave, Dallas, TX 75212
      View Details
    • $1,000 /Mo
      5,001 SF

      Specialty Commercial Rental Space

      Small specialty space available for lease at 2729 Meyersville in Dallas, Texas.
      2729 Meyersville Ave, Dallas, TX 75212
      View Details
    • Contact for pricing
      50,000,000 SF

      Corner Vacant Lot Available

      Vacant lot near Trinity Grove, walkable to Lakewest Lake.
      2728 Meyersville Ave, Dallas, TX 75212
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      5,000 SF

      Dallas Retail/Office Space Available

      5000 sqft retail/office space for rent in Dallas.
      2729 Meyersville Ave, Dallas, TX 75212
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    • Contact for pricing
      5,000 SF

      Fenced Vacant Lot For Rent

      Vacant lot near Trinity Grove, available for lease.
      2725 Meyersville Ave, Dallas, TX 75212
      View Details
    • Contact for pricing
      5,000 SF

      Fenced Vacant Lot For Rent

      Vacant lot near Trinity Grove, available for lease.
      2723 Meyersville Ave, Dallas, TX 75212
      View Details
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    1903 Mcbroom St
    Dallas, TX 75212
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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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    1903 Mcbroom St, Dallas, TX, 75212
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