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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2606 Community Dr Dallas, TX 75220-5533

    • Apartment buildings
    • 99,996 SF
    • 4.22 lot acres
    OFF-MARKET
    Value Estimations
    $1,030,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-1944060
    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.

    Current Use by Public Records

    • Apartment buildings

    Property Details for 2606 Community Dr

    Year built
    1968
    Construction
    FRAME
    Lot size
    4.22 lot acres
    Property size
    99,996 SF
    Zone code
    Z164
    Property type
    Apartment buildings
    APN
    434023000000
    APU
    434023000000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $685,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,379,000
      Market price range: $695k - $2.98M

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.8751
    Latitude
    32.8559
    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
    $199,766
    $1,194,180
    $7,511,030
    $8,705,210
    -
    $1,194,180
    $7,511,030
    $8,705,210

    Comparable in this City

    • Value Estimation
      $720,000
      28,224 SF

      3001 Clydedale Dr

      APARTMENT HOUSE (5+ UNITS) • 28,224 SF
      3001 Clydedale Dr, Dallas, TX 75220-4673
      View Details
    • Value Estimation
      $1,760,000
      146,536 SF

      2911 Clydedale Dr

      APARTMENT HOUSE (5+ UNITS) • 146,536 SF
      2911 Clydedale Dr, Dallas, TX 75220-4668
      View Details
    • Value Estimation
      $655,000
      33,140 SF

      2530 Community Dr

      APARTMENT HOUSE (5+ UNITS) • 33,140 SF
      2530 Community Dr, Dallas, TX 75220-5555
      View Details
    • Value Estimation
      $560,000
      28,262 SF

      2514 Community Dr

      APARTMENT HOUSE (5+ UNITS) • 28,262 SF
      2514 Community Dr, Dallas, TX 75220-5558
      View Details
    • Value Estimation
      $1,315,000
      99,546 SF

      3232 Chapel Crk Dr

      APARTMENT HOUSE (5+ UNITS) • 99,546 SF
      3232 Chapel Crk Dr, Dallas, TX 75220-3268
      View Details
    • Value Estimation
      $920,000
      38,680 SF

      3619 Bolivar Dr

      APARTMENT HOUSE (5+ UNITS) • 38,680 SF
      3619 Bolivar Dr, Dallas, TX 75220-3665
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      41,914 SF

      Dallas Multifamily Investment Opportunity

      51-Unit Apartment Building, High Occupancy
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    • $474,900
      0.24 Acres

      Well-Maintained Dallas Duplex For Sale

      Spacious duplex with tenant and vacant unit, private garages.
      9914-9916 Brockbank Dr, Dallas, TX 75220
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    • $1,999,000

      Industrial Property in Dallas, Texas

      Industrial property available for sale in Dallas, Texas.
      2615 Brenner Dr, Dallas, TX 75220
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    • Contact for pricing
      6,294 SF

      Retail Property in Dallas, Texas

      Retail property with 6,294 square feet of space.
      2403 Community Dr, Dallas, TX 75220
      View Details
    • Contact for pricing

      Industrial Land For Sale

      Industrial land available for sale with high traffic counts.
      10850 Luna Rd, Dallas, TX 75220
      View Details
    • $3,250,000
      10,000 SF

      Renovated Dallas Office Space For Sale

      10,000 SF office space in vibrant Dallas area.
      9616-9622 Webb Chapel Rd, Dallas, TX 75220
      View Details

    Similar Nearby for Lease

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      Modern, updated two-story condo with gated access and fenced patio.
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      Dallas Warehouse Space Available

      7,111 square foot warehouse space for lease in Dallas.
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    • Contact for pricing
      3,375 SF

      Industrial Space Available For Rent

      Industrial property offering 3375 square feet for rent.
      2202 Manana Dr, Dallas, TX 75220
      View Details
    • Contact for pricing
      750 SF

      Retail Space in Dallas Center

      Retail space available in a high-traffic Dallas shopping center.
      2904-2950 W Northwest Hwy, Dallas, TX 75220
      View Details
    • Contact for pricing
      4,965 SF

      Dallas Warehouse Space Available

      4,965 SF warehouse space for rent in Dallas, TX.
      10615 Newkirk St, Dallas, TX 75220
      View Details
    • Contact for pricing
      4,541 SF

      Retail Space in Fiesta Anchored Center

      Retail space available in a Fiesta anchored shopping center.
      9727-9753 Webb Chapel Rd, Dallas, TX 75220
      View Details

    Property Visit Statistics

    • Visits by month
      7.4k
    • Visitors by month
      6.7k
    • Avg Time on site
      10 min
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    2606 Community Dr
    Dallas, TX 75220-5533
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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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