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

    2 Lbj Fwy Farmers Branch, TX

    • Retail space
    • 12,500 SF
    • 5.88 lot acres
    OFF-MARKET
    Value Estimations
    $1,880,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-9930761
    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

    • Retail space

    Property Details for 2 Lbj Fwy

    Year built
    2021
    Construction
    TILT-UP CONCRETE
    Lot size
    5.88 lot acres
    Property size
    12,500 SF
    Property type
    Retail space
    APN
    240106000A0020000
    APU
    240106000A0020000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,310,000
      Current use
      COMMERCIAL (GENERAL)
      $1,760,000
      Change: +35% Conversion: Easy
      RESTAURANT
      $1,755,000
      Change: +34% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,460,000
      Change: +11% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Farmers Branch
    County
    Dallas
    State
    Texas
    Longitude
    -96.9136
    Latitude
    32.9057
    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
    $204,671
    $2,754,370
    $7,001,890
    $9,756,260
    -
    $2,754,370
    $7,001,890
    $9,756,260

    Comparable in this City

    • Value Estimation
      $6,315,000
      46,422 SF

      Shops Blvd, TX

      RETAIL STORES (PERSONAL SERVICES) • 46,422 SF
      Shops Blvd, TX
      View Details
    • Value Estimation
      $23,710,000
      185,807 SF

      Boyd Rd, TX

      RETAIL STORES (PERSONAL SERVICES) • 185,807 SF
      Boyd Rd, TX
      View Details
    • Value Estimation
      $2,120,000
      15,000 SF

      Highway

      RETAIL STORES (PERSONAL SERVICES) • 15,000 SF
      Highway, 199, TX
      View Details
    • Value Estimation
      $1,600,000
      10,000 SF

      S

      RETAIL STORES (PERSONAL SERVICES) • 10,000 SF
      S, Ih 45, TX
      View Details
    • Value Estimation
      $915,000
      6,780 SF

      20031 Hwy 155

      RETAIL STORES (PERSONAL SERVICES) • 6,780 SF
      20031 Hwy 155, S, TX
      View Details
    • Value Estimation
      $790,000
      5,528 SF

      S

      RETAIL STORES (PERSONAL SERVICES) • 5,528 SF
      S, Main St, TX
      View Details

    Similar Nearby for Sale

    • $200,000
      6,864 SF

      Retail Building with Multiple Units

      Retail building featuring multiple units with flexible layout options.
      407 Mlk Jr Blvd, Lubbock, TX
      View Details
    • $349,000
      24,212 SF

      Large Versatile Building For Sale

      Large building with retail or warehousing potential in Groves, TX.
      6100 Jefferson Blvd, Groves, TX
      View Details
    • $1,100,000
      4,920 SF

      Leased Retail Property For Sale

      Fully leased retail property available for purchase.
      100 Texas Ave & W Defee St, Baytown, TX
      View Details
    • $6,748,500
      11,351 SF

      Victory Shops at Forney

      11,351 SF multi-tenant retail center in Forney, Texas.
      485 Marketplace Blvd, Forney, TX
      View Details
    • $2,609,000
      2,582 SF

      Roanoke Retail Investment Opportunity

      Leased retail property with corporate guarantee and rental increases.
      1325 N Us 377, Roanoke, TX
      View Details
    • $680,000
      2,196 SF

      Retail Property on Business 83

      Retail space for sale on Business 83 in Mission, TX.
      2220 Us-83, Mission, TX
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      3,450 SF

      Restaurant Space Move-In Ready

      3,450 SF restaurant space in prime retail development.
      3500-3536 Fm 365, Nederland, TX
      View Details
    • $1.20 SF/Yr
      4,254 SF

      Retail/Office/Flex Warehouse Space Available

      4,254 SF retail/office/flex warehouse space for lease.
      3939 Hillcroft Ave, Houston, TX
      View Details
    • Contact for pricing
      19,250 SF

      Retail Space Near Parmer Ranch

      Retail space adjacent to Parmer Ranch and future H-E-B.
      Nwc Of Ronald Reagan Blvd. And Williams Dr, Georgetown, TX
      View Details
    • Contact for pricing
      150,000 SF

      Prime Retail Location in Nederland

      Retail pads and multi-tenant building available for lease/sale.
      2600 Fm 365, Nederland, TX
      View Details
    • Contact for pricing
      2,400 SF

      Retail Space Available For Lease

      2400 SF retail space for lease in El Paso.
      13650 Eastlake Blvd, El Paso, TX
      View Details
    • $750 /Mo
      120 SF

      Retail Space on Central Texas

      Retail space available for lease on Central Texas Expressway.
      300 W Central Texas Expwy, Harker Heights, TX
      View Details
    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.
    2 Lbj Fwy
    Farmers Branch, TX
    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.