Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2503 Martin Luther King Jr Blvd Dallas, TX 75215
    Back to Search
    Property profile & analytics

    2503 Martin Luther King Jr Blvd Dallas, TX 75215

    View on Map
    • Office Spaces
    • 2,590 SF
    • 0.27 lot acres
    Off-Market
    Property ID
    US82-4282066
    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

    • Office Spaces

    Property Details for 2503 Martin Luther King Jr Blvd

    Year built
    1930
    Lot size
    0.27 lot acres
    Property size
    2,590 SF
    Property type
    Office Spaces

    Description

    This stunning 2,590 square foot office building, situated on a 0.27-acre lot at 2503 Martin Luther King Jr Boulevard in Dallas, Texas, presents a unique opportunity for discerning buyers. The property has undergone a beautiful rehabilitation, boasting numerous high-end features throughout. The ground floor features newly installed hardwood floors, a completely renovated kitchen with granite countertops and new appliances, a separate dining room with built-in china cabinetry, and a full bathroom. A striking entry room with a wood-burning fireplace sets the tone for the entire building. Large windows in each office provide ample natural light. A long hallway facilitates easy movement for employees and clients. A private office with its own full bathroom is located at the rear of the ground floor. A newly installed, semi-circular wooden staircase leads to a massive loft space on the second floor, offering significant potential for additional office space or work areas. This loft area also includes a full bathroom. The loft space can be easily partitioned to create several distinct offices or workspaces, providing exceptional flexibility for a variety of business needs. This property offers a blend of classic charm and modern functionality, making it an ideal location for a variety of businesses. The asking price is $450,000.

    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
    -96.77206
    Latitude
    32.76648

    Comparable in this City

    • Contact for pricing
      8,400 SF

      Development Opportunity in The Cedars

      Prime 8,400 SF lot in a high-growth urban corridor.
      2401 Hickory St, Dallas, TX 75215
      View Details
    • $5,900,000
      26,000 SF

      Prime Dallas Commercial Opportunity

      Large commercial property near highways and convention center.
      1204 Powhattan St, Dallas, TX 75215
      View Details
    • Contact for pricing
      1,394 SF

      Dallas Office/Medical Investment Opportunity

      1,394 SF building in Dallas for office or medical use.
      1708 Martin Luther King Jr Blvd, Dallas, TX 75215
      View Details
    • $617,400
      0.67 Acres

      Dallas Land MU3 Zoning

      Land for new construction with MU3 zoning in Dallas, TX.
      2727-2733 Gould St, Dallas, TX 75215
      View Details
    • $1,499,900
      0.16 Acres

      Prime Cedars Development Opportunity

      7,000 SF lot in Dallas's evolving Cedars neighborhood.
      2401 Hickory St, Dallas, TX 75215
      View Details
    • $100,000
      0.18 Acres

      Residential Land in Dallas, TX

      Unimproved lot zoned for single-family home in central Dallas.
      3613 Wendelkin St, Dallas, TX 75215
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      8,400 SF

      Development Opportunity in The Cedars

      Prime 8,400 SF lot in a high-growth urban corridor.
      2401 Hickory St, Dallas, TX 75215
      View Details
    • Contact for pricing
      1,394 SF

      Dallas Office/Medical Investment Opportunity

      1,394 SF building in Dallas for office or medical use.
      1708 Martin Luther King Jr Blvd, Dallas, TX 75215
      View Details
    • $5,900,000
      26,000 SF

      Prime Dallas Commercial Opportunity

      Large commercial property near highways and convention center.
      1204 Powhattan St, Dallas, TX 75215
      View Details
    • $499,900
      0.16 Acres

      Dallas Land For Sale

      Commercial land available in Dallas, Texas.
      2209 Pennsylvania Ave, Dallas, TX 75215
      View Details
    • $119,000
      0.23 Acres

      Land in Developing Dallas Area

      Land in developing area, minutes from highways and downtown.
      3636 Wendelkin St, Dallas, TX 75215
      View Details
    • $115,000
      0.18 Acres

      Platted Lot in Developing Area

      Platted lot in developing area, close to highways and downtown.
      3630 Colonial Ave, Dallas, TX 75215
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      26,000 SF

      Large Mixed-Use Property For Rent

      Spacious mixed-use property with high visibility and multiple business opportunities.
      1204 Powhattan St, Dallas, TX 75215
      View Details
    • $7 SF/Yr
      37,897 SF

      Prime Dallas Location, Mixed-Use Potential

      Large commercial property near highways and convention center.
      1204 Powhattan St, Dallas, TX 75215
      View Details
    • $8,500 /Mo
      3,600 SF

      Medical-Ready Office in High-Growth Corridor

      3,600 SF commercial building ideal for medical or retail.
      1619 Martin Luther King Jr Blvd, 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
    • $5,000 /Mo
      9,888 SF

      High-Potential Dallas Assembly & Event Space

      2,400 SF open-concept building in high-growth South Dallas corridor.
      4500 Malcolm X Blvd, 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.
    2503 Martin Luther King Jr Blvd
    Dallas, TX 75215
    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
    2503 Martin Luther King Jr Blvd, 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!