Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2400 Ervay St Dallas, TX 75215-5700
    Back to Search
    Property profile & analytics

    2400 Ervay St, Dallas, TX 75215-5700

    View on Map
    • Apartment buildings
    • 80,000 SF
    • 2.07 lot acres
    Off-Market
    Property ID
    US83-4042005
    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
    $2,330,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • ItsBriMedia / Marketing & Advertising / Advertising Agency
    • C. Rene Photography / Photography Service / (Bike/Boat/Book/etc) Store
    • Scrubs from the DF Dub / (Bike/Boat/Book/etc) Store / Cosmetic Store
    • American Beauty Mill / Apartment Building
    • Vision2Reality Studio / Apartment Building

    Property Details for 2400 Ervay St

    Year built
    1910
    Construction
    FRAME
    Lot size
    2.07 lot acres
    Zone code
    Z239
    Property type
    Apartment buildings
    APN
    132274000000
    APU
    132274000000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 5, 2020 — Barbara J Hatcher Randall Hatcher Quit Claim Deed · related —
    Apr 8, 2005 — American Beauty Lofts Ltd Post-amerus American Beauty Mi Quit Claim Deed · related $4M · Column Financial INC
    — — Alexander P Sicular — Deed Of Trust · related $623k · Jp Morgan Chase Bk

    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
    -96.782
    Latitude
    32.7669
    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
    $130,013
    $1,806,100
    $3,859,500
    $5,665,600
    -
    $1,806,100
    $3,859,500
    $5,665,600

    Comparable in this City

    • Value Estimation
      $1,540,000
      25,866 SF

      2607 Jeffries St

      APARTMENT HOUSE (5+ UNITS)
      2607 Jeffries St, Dallas, TX 75215-1602
      View Details
    • Value Estimation
      $1,250,000
      29,622 SF

      2425 Cesar Chavez Blvd

      APARTMENT HOUSE (5+ UNITS)
      2425 Cesar Chavez Blvd, Dallas, TX 75215-2175
      View Details
    • Value Estimation
      $1,410,000
      49,968 SF

      2901 Ss Blvd

      APARTMENT HOUSE (5+ UNITS)
      2901 Ss Blvd, Dallas, TX 75215
      View Details
    • Value Estimation
      $645,000
      9,038 SF

      1809 Hickory St

      APARTMENT HOUSE (5+ UNITS)
      1809 Hickory St, Dallas, TX 75215-1327
      View Details
    • Value Estimation
      $945,000
      17,780 SF

      1314 Peabody Ave

      APARTMENT HOUSE (5+ UNITS)
      1314 Peabody Ave, Dallas, TX 75215-3210
      View Details
    • Value Estimation
      $655,000
      10,406 SF

      1810 Al Lipscomb Way

      APARTMENT HOUSE (5+ UNITS)
      1810 Al Lipscomb Way, Dallas, TX 75215-2716
      View Details

    Similar Nearby for Sale

    • $750,000
      4,890 SF

      Downtown Dallas Multifamily Investment Opportunity

      Six-unit multifamily property in downtown Dallas with value-add potential.
      3020 South Blvd, Dallas, TX 75215
      View Details
    • Contact for pricing
      8,000 SF

      Multifamily Opportunity in The Cedars

      Value-add multifamily property in a rapidly transforming Dallas neighborhood.
      2718 Cleveland St, Dallas, TX 75215
      View Details
    • $598,000
      0.12 Acres

      New Construction Duplex-Style Investment

      Two identical detached, fully fenced units offer flexible ownership options near downtown Dallas and major event venues.
      2232 Hooper St, Dallas, TX 75215
      View Details
    • $180,000
      0.11 Acres

      Tenant-Occupied Duplex Investment

      Duplex with two 1-bedroom, 1-bath units, each tenant-occupied, offering immediate rental income potential for investors.
      3332 Rutledge St, Dallas, TX 75215
      View Details
    • $225,000
      Pending

      Boarding House with Renovation Potential

      Value-add boarding house offering 17 rooms and 5 baths, positioned for upside near key South Dallas destinations and I-45.
      3528 Colonial Ave, Dallas, TX 75215
      View Details
    • Contact for pricing
      Pending

      Townhomes in Dallas' Hottest Neighborhood

      Townhomes in thriving arts scene near downtown Dallas.
      1731 Novela Way, Dallas, TX 75215
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,669 SF

      Retail Space in Revitalized Cedars

      Retail space in Dallas' Cedars neighborhood, near downtown and I-30.
      1108-1120 S Akard St, Dallas, TX 75215
      View Details
    • Contact for pricing
      2,392 SF

      Retail Space with High Visibility

      Contemporary retail space for rent with flexible floor plans.
      3749 Julius Schepps Fwy, Dallas, TX 75215
      View Details
    • $8,500 /Mo
      3,600 SF

      Medical-Ready Standalone Office

      Standalone medical-ready building with existing clinical infrastructure and flexible layout for urgent care, dental, or specialty uses.
      1619 Martin Luther King Jr Blvd, Dallas, TX 75215
      View Details
    • $7 SF/Yr
      37,897 SF

      Two-Story Office Building with Living Quarters

      Flexible two-story office setup with first-floor living quarters and potential for multiple businesses on a corner-facing footprint.
      1204 Powhattan St, Dallas, TX 75215
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease in Dallas, Texas.
      1601 S Ervay St, Dallas, TX 75215
      View Details
    • Contact for pricing

      Retail and Restaurant Space Available

      Space in revitalized Dallas neighborhood near downtown and I-30.
      1110 S Akard St, Dallas, TX 75215
      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.
    2400 Ervay St
    Dallas, TX 75215-5700
    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

    Thank You for Inquiry
    2400 Ervay St, Dallas, TX, 75215
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!