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    2550 W Red Bird Ln Dallas, TX 75237

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    2550 W Red Bird Ln Dallas, TX 75237

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    • Outlet malls
    • 103,544 SF
    • 17.08 lot acres
    For Lease
    $2,145,000
    View Listing →
    Retail Space in Dallas, TX For Lease
    $2,145,000
    1,280 SF

    Retail Space in Dallas, TX

    Retail space available in a Fitness Connection anchored shopping center.

    2550 W Red Bird Ln, Dallas, TX
    View Listing
    Property ID
    US82-4791926
    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

    • CA Nails Dallas / Nail Salon
    • Metropcs / Mobile Phone Store / Electronics & Wireless Store
    • Js Financial Tax / Bank / Credit Union
    • Fitness Connection / Gym & Fitness Center
    • Brown's Barber Shop / Barber Shop

    Property Details for 2550 W Red Bird Ln

    Year built
    1973
    Construction
    TILT-UP CONCRETE
    Lot size
    17.08 lot acres
    Property size
    103,544 SF
    Zone code
    Z248
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    498841100000
    APU
    498841100000

    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
    -96.8593
    Latitude
    32.6703
    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
    $158,455
    $1,860,000
    $5,045,000
    $6,905,000
    -
    $1,860,000
    $5,045,000
    $6,905,000

    Comparable in this City

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      109,500 SF

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    • Value Estimation
      $2,195,000
      134,168 SF

      39739 Lyndon B Johnson Fwy

      WHOLESALE OUTLET, DISCOUNT STORE • 134,168 SF
      39739 Lyndon B Johnson Fwy, Dallas, TX 75237-3560
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    • Value Estimation
      $825,000
      43,555 SF

      3777 Cp Wisdom Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 43,555 SF
      3777 Cp Wisdom Rd, Dallas, TX 75237-2509
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    • Value Estimation
      $900,000
      27,870 SF

      4225 Gannon Ln

      WHOLESALE OUTLET, DISCOUNT STORE • 27,870 SF
      4225 Gannon Ln, Dallas, TX 75237-2914
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    • Value Estimation
      $1,180,000
      82,900 SF

      4350 Gannon Ln

      WHOLESALE OUTLET, DISCOUNT STORE • 82,900 SF
      4350 Gannon Ln, Dallas, TX 75237-2902
      View Details
    • Value Estimation
      $2,200,000
      133,414 SF

      2900 Wheatland Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 133,414 SF
      2900 Wheatland Rd, Dallas, TX 75237-3535
      View Details

    Similar Nearby for Sale

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      19,987 SF

      Retail Center Near RedBird Mall

      Multi-tenant retail property near RedBird Mall with high traffic.
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      Retail Center in Dallas, Texas

      Value-add retail center with high visibility in Dallas, Texas.
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      39,028 SF

      Occupied Retail Center on Cockrell

      100% occupied retail center on a heavily trafficked intersection.
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    • $1,200,000
      4,726 SF

      Restaurant Building with Drive-Thru

      4,726 SF restaurant with drive-thru and ample parking.
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      Dallas CVS Investment Property

      NNN leased CVS in Dallas with drive-thru.
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      1,523 SF retail space with strong accessibility and visibility.
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    Similar Nearby for Lease

    • Contact for pricing
      1,000 SF

      Retail Space Near Redbird Mall

      Retail space for lease near IH-20 & SH-67.
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      View Details
    • Contact for pricing
      1,506 SF

      Retail Space Near Redbird Mall

      Retail space available near IH-20 & SH-67 intersection.
      3703-3707 W Camp Wisdom Rd, Dallas, TX 75237
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space on Camp Wisdom

      Retail space with frontage on Camp Wisdom Road.
      4110-4118 W Camp Wisdom Rd, Dallas, TX 75237
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    • Contact for pricing
      810 SF

      Retail Space Near Redbird Mall

      Retail space available near IH-20 & SH-67 intersection.
      3709-3735 W Camp Wisdom Rd, Dallas, TX 75237
      View Details
    • Contact for pricing
      2,854 SF

      Retail Space in Dallas, Texas

      Retail space available in an underserved Dallas market.
      4241 W Camp Wisdom Rd, Dallas, TX 75237
      View Details
    • Contact for pricing

      4107 W Camp Wisdom Rd, Dallas, TX 75237

      Shopping centers
      4107 W Camp Wisdom Rd, Dallas, TX 75237
      View Details
    View Listing
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    Dallas, TX 75237
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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.

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