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    2602 Mckinney Ave Dallas, TX 75204
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    2602 Mckinney Ave Dallas, TX 75204

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    • Office buildings
    • 50,890 SF
    • 0.54 lot acres
    For Lease
    $2,100,000
    View Listing →
    Restaurant Opportunities in Uptown Dallas For Lease
    $2,100,000
    3,887 SF

    Restaurant Opportunities in Uptown Dallas

    Prime restaurant spaces for lease in Dallas' bustling Uptown.

    2602 McKinney Avenue, Dallas, TX
    View Listing
    Property ID
    US82-4631762
    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
    $2,100,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Somma Foods / Big Box & Wholesale Store / Food Market
    • Worldwide Express / Trucking Company
    • Saturn Oil & Gas / Gas Company
    • Renee Lies / Physician
    • M B West Texas Exploration LLC / Oil & Natural Gas Company

    Property Details for 2602 Mckinney Ave

    Year built
    1985
    Construction
    TILT-UP CONCRETE
    Lot size
    0.54 lot acres
    Property size
    50,890 SF
    Zone code
    Z239
    Property type
    Office buildings
    APN
    113212000000
    APU
    113212000000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,370,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,835,000
      Market price range: $1.79M - $6.07M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $3,415,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.8014
    Latitude
    32.7965
    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
    $163,988
    $4,139,280
    $3,006,870
    $7,146,150
    -
    $4,139,280
    $3,006,870
    $7,146,150

    Comparable in this City

    • Value Estimation
      $865,000
      20,745 SF

      1408 Washington Ave

      OFFICE BUILDING • 20,745 SF
      1408 Washington Ave, Dallas, TX 75204-5295
      View Details
    • Value Estimation
      $47,900,000
      2,695,010 SF

      2711 Haskell Ave, Unit 1A

      OFFICE BUILDING • 2,695,010 SF
      2711 Haskell Ave, Dallas, TX 75204-2911
      View Details
    • Value Estimation
      $6,500,000
      117,393 SF

      2626 Howell St

      OFFICE BUILDING • 117,393 SF
      2626 Howell St, Dallas, TX 75204-4064
      View Details
    • Value Estimation
      $1,035,000
      23,280 SF

      3901 Bryan St

      OFFICE BUILDING • 23,280 SF
      3901 Bryan St, Dallas, TX 75204-6505
      View Details
    • Value Estimation
      $1,185,000
      34,350 SF

      4301 Bryan St

      OFFICE BUILDING • 34,350 SF
      4301 Bryan St, Dallas, TX 75204-6751
      View Details
    • Value Estimation by Request
      3,700 SF

      4539 Bryan St

      OFFICE BUILDING • 3,700 SF
      4539 Bryan St, Dallas, TX 75204
      View Details

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      Downtown Dallas Multifunctional Commercial Studio

      Rare commercial studio with editing suites, offices, and living quarters.
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      Versatile Multi-Structure Property in Dallas

      Unique property with studio, outbuilding, and parking in central Dallas.
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      Versatile Multi-Structure Property in Dallas

      Unique property with studio, outbuilding, and parking in central Dallas.
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      11,944 SF

      Two-Story Asset in Old East Dallas

      Redevelopment opportunity in a rapidly transitioning Dallas submarket.
      2705 Swiss Ave, Dallas, TX 75204
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    • $1,850,000
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      Renovated Apartments in Old East Dallas

      Stabilized asset with designer touches near Downtown Dallas.
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    Similar Nearby for Lease

    • $1,200 /Mo
      145,610 SF

      Dallas Office Space For Rent

      Office space available for lease in Dallas, Texas.
      3131 Mckinney Ave, Dallas, TX 75204
      View Details
    • Contact for pricing
      5,802 SF

      Renovated Office Building Near Baylor

      Renovated office building with convenient access to amenities and transportation.
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      View Details
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      32,844 SF

      European Style Office Space

      Office space featuring European architectural style with balconies.
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      View Details
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      10,191 SF

      Modern Office Space Available

      Office space with on-site amenities and convenient location.
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      View Details
    • Contact for pricing
      2,566 SF

      Mixed-Use Community Office Space

      Office space in a progressive mixed-use community in Dallas.
      3972 N Central Expy, Dallas, TX 75204
      View Details
    • New
      Contact for pricing

      Plano Shops at Legacy

      Discover many ways to work your way in Plano Shops at Legacy
      5851 Legacy Cir, Plano, 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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