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    2202 N Carroll Ave Dallas, TX 75204
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    2202 N Carroll Ave Dallas, TX 75204

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    • Apartment buildings
    • 9,200 SF
    For Sale
    $595,000
    View Listing →
    New East Dallas Residence For Sale
    $595,000
    1,840 SF

    New East Dallas Residence

    New residence in vibrant East Village, close to urban development.

    2202 N Carroll Avenue 103, Dallas, TX 75204
    View Listing
    Property ID
    US83-4271849
    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

    • Apartment buildings

    Property Details for 2202 N Carroll Ave

    Year built
    2025
    Property size
    9,200 SF
    Property type
    Apartment buildings

    Description

    Take advantage of the potential accelerated depreciation opportunities contained in the One Big Beautiful Bill. Rare Investment Opportunity to own an exclusive 5-unit Townhome building nearing completion in the heart of Dallas. Billions of Dollars of investment activity occurring in the immediate vicinity! Centrally located just minutes from the Central Business District, entertainment venues on Greenville Ave., Uptown, Knox-Henderson & Oak Lawn. Upon completion in October, each unit will feature premium interior finishes, abundant natural lighting, approximately 1,843 SF of living space, 2 bedrooms, 3 baths, dedicated study/workspace, 2-car garage, open concept kitchen, living & dining areas. Enjoy casual outdoor living with balconies on the 2nd floor and entertain your guests on the rooftop deck which provides outstanding views of the Dallas Skyline less than a mile away! Situated on a premium 58' x 150' corner lot, this is an excellent opportunity to acquire a legacy family asset for current and future generations. All measurements are approximate, buyers & their buyer agents are directly responsible for verification of all information contained within this listing.

    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
    Collin
    State
    Texas
    Longitude
    -96.78394
    Latitude
    32.80627

    Comparable in this City

    • $1,850,000
      0.26 Acres

      Renovated Apartments in Old East Dallas

      Stabilized asset with designer touches near Downtown Dallas.
      4400 San Jacinto St, Dallas, TX 75204
      View Details
    • $2,495,000
      0.16 Acres

      Turnkey East Dallas Condo Community

      Five-unit townhome community in East Dallas with immediate income.
      4223 Delano Pl, Dallas, TX 75204
      View Details
    • $3,095,000
      9,180 SF

      New Townhome Building in Dallas

      Exclusive 5-unit townhome building in the heart of Dallas.
      2202 N Carroll Ave, Dallas, TX 75204
      View Details
    • $1,850,000
      7,300 SF

      Renovated Multifamily Property in Dallas

      Stabilized asset with designer touches near Downtown Dallas.
      4400 San Jacinto St, Dallas, TX 75204
      View Details
    • $2,495,000
      0.16 Acres

      East Dallas Townhome Community

      Recently constructed, fully leased 5-unit townhome community in East Dallas.
      4223 Delano Pl, Dallas, TX 75204
      View Details
    • $6,350,000
      1.09 Acres

      Stabilized Multifamily Asset in Dallas

      60-unit multifamily asset in East Dallas with strong cash flow.
      1516 Annex Ave, Dallas, TX 75204
      View Details

    Similar Nearby for Sale

    • $2,495,000
      0.16 Acres

      East Dallas Townhome Community

      Recently constructed, fully leased 5-unit townhome community in East Dallas.
      4223 Delano Pl, Dallas, TX 75204
      View Details
    • $1,850,000
      0.26 Acres

      Renovated Apartments in Old East Dallas

      Stabilized asset with designer touches near Downtown Dallas.
      4400 San Jacinto St, Dallas, TX 75204
      View Details
    • $2,495,000
      0.16 Acres

      Turnkey East Dallas Condo Community

      Five-unit townhome community in East Dallas with immediate income.
      4223 Delano Pl, Dallas, TX 75204
      View Details
    • $3,095,000
      9,180 SF

      New Townhome Building in Dallas

      Exclusive 5-unit townhome building in the heart of Dallas.
      2202 N Carroll Ave, Dallas, TX 75204
      View Details
    • $1,850,000
      7,300 SF

      Renovated Multifamily Property in Dallas

      Stabilized asset with designer touches near Downtown Dallas.
      4400 San Jacinto St, Dallas, TX 75204
      View Details
    • $6,350,000
      1.09 Acres

      Stabilized Multifamily Asset in Dallas

      60-unit multifamily asset in East Dallas with strong cash flow.
      1516 Annex Ave, Dallas, TX 75204
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Mixed-Use Property in Uptown Dallas

      Mixed-use property with luxury apartments and ground floor retail.
      2815 Allen St, Dallas, TX 75204
      View Details
    • Contact for pricing

      Modern Lofts in Gated Community

      New, gated community lofts near Knox Henderson and Uptown Dallas.
      2702 Carroll Ave, Dallas, TX 75204
      View Details
    • Contact for pricing

      Uptown Dallas Corner Retail Space

      High-profile retail space in Dallas' walkable Uptown neighborhood.
      3130 Lemmon Ave, Dallas, TX 75204
      View Details
    • Contact for pricing

      Retail Space at Fitzhugh & Cole

      Exceptional visibility retail space in a desirable Dallas location.
      4152 Cole Ave, Dallas, TX 75204
      View Details
    • Contact for pricing
      32,844 SF

      European Style Office Space

      Office space featuring European architectural style with balconies.
      2699 Howell St, Dallas, TX 75204
      View Details
    • Contact for pricing
      10,191 SF

      Modern Office Space Available

      Office space with on-site amenities and convenient location.
      4040 N Central Expy, Dallas, TX 75204
      View Details
    View Listing
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    Dallas, TX 75204
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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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