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    Property profile & analytics

    2620 Josey Ln Carrollton, TX 75007-5516

    • Grocery and convenience stores
    • 100,000 SF
    • 7.72 lot acres
    OFF-MARKET
    Value Estimations
    $12,225,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2382872
    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

    • KeyMe Locksmiths / Locksmith / (Bike/Boat/Book/etc) Store
    • SNOWFOX / Restaurant
    • WinCo Foods / Grocery & Convenience Store / Food Market
    • Western Union / Bank / Credit Union
    • Redbox / Cinema / (Bike/Boat/Book/etc) Store

    Property Details for 2620 Josey Ln

    Year built
    2017
    Construction
    TILT-UP CONCRETE
    Lot size
    7.72 lot acres
    Property size
    100,000 SF
    Zone code
    Z235
    Property type
    Grocery and convenience stores
    APN
    14107350000020000
    APU
    14107350000020000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $10,253,000
      Market price range: $4.47M - $14.8M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $10,940,000
      Current use
      OFFICE BUILDING
      $17,420,000
      Change: +59% Conversion: Easy
      RESTAURANT
      $12,575,000
      Change: +15% Conversion: Easy
      AUTO REPAIR, GARAGE
      $11,760,000
      Change: +8% Conversion: Difficult
      MEDICAL BUILDING
      $8,950,000
      Change: -18% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Carrollton
    County
    Dallas
    State
    Texas
    Longitude
    -96.8895
    Latitude
    32.9869
    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
    $241,269
    $2,859,370
    $8,725,630
    $11,585,000
    -
    $2,859,370
    $8,725,630
    $11,585,000

    Comparable in this City

    • Value Estimation
      $1,460,000
      47,407 SF

      1401 Mac Arthur Dr

      SHOW ROOM, WAREHOUSE • 47,407 SF
      1401 Mac Arthur Dr, Carrollton, TX 75007-4418
      View Details
    • Value Estimation by Request
      8,730 SF

      1448 Halsey Way

      SHOW ROOM, WAREHOUSE • 8,730 SF
      1448 Halsey Way, Carrollton, TX 75007-4441
      View Details
    • Value Estimation by Request
      14,400 SF

      1454 Halsey Way

      SHOW ROOM, WAREHOUSE • 14,400 SF
      1454 Halsey Way, Carrollton, TX 75007-4409
      View Details
    • Value Estimation
      $710,000
      26,535 SF

      1406 Halsey Way

      SHOW ROOM, WAREHOUSE • 26,535 SF
      1406 Halsey Way, Carrollton, TX 75007-6447
      View Details
    • Value Estimation
      $1,685,000
      114,332 SF

      1020 Raiford Rd

      GYM, HEALTH SPA • 114,332 SF
      1020 Raiford Rd, Carrollton, TX 75007-5175
      View Details
    • Value Estimation
      $710,000
      24,896 SF

      1428 Mac Arthur Dr

      SHOW ROOM, WAREHOUSE • 24,896 SF
      1428 Mac Arthur Dr, Carrollton, TX 75007-4460
      View Details

    Similar Nearby for Sale

    • $8,500,000
      40,000 SF

      Trinity Highlands: Prime Retail Space

      Carrollton, TX Mixed-Use Investment Opportunity
      1601 Trinity Mls Rd, Carrollton, TX 75007
      View Details
    • Contact for pricing
      9,400 SF

      Renovated Warehouse on Josey Lane

      Totally renovated warehouse with fenced lot and high traffic signage.
      3749 N Josey Ln, Carrollton, TX 75007
      View Details
    • Contact for pricing
      4.38 Acres

      Carrollton Commercial Land - 4.38 Acres

      Prime Carrollton Office Land, High Traffic Area
      0 Nwc Highpoint Dr. & Marsh Rdg Rd, Carrollton, TX 75007
      View Details
    • $317,000
      0.46 Acres

      Residential Land in Established Neighborhood

      Corner lot suitable for building a single-family home.
      3701 Canon Gate Cir, Carrollton, TX 75007
      View Details
    • Contact for pricing

      Highway Frontage Commercial Land Available

      Commercial land with highway frontage and prominent signage available.
      1835 W Frankford Rd, Carrollton, TX 75007
      View Details
    • Contact for pricing

      Land with I-35E Frontage

      Commercial land available with direct access to major highways.
      2610-2620 N I-35, Carrollton, TX 75007
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,120 SF

      Retail Space Available For Lease

      Retail space available for lease in Carrollton, Texas.
      3720 N Josey Ln, Carrollton, TX 75007
      View Details
    • Contact for pricing
      1,600 SF

      Retail Space in Rapid Growth Area

      Retail space for lease in a rapidly growing area.
      3603-3645 Josey Ln, Carrollton, TX 75007
      View Details
    • Contact for pricing
      2,000 SF

      Drive-Through Restaurant Opportunity Available

      Drive-through restaurant space for rent with excellent visibility.
      3028 N Josey Ln, Carrollton, TX 75007
      View Details
    • Contact for pricing
      12,630 SF

      Retail/Restaurant Space Available

      Retail or restaurant space available with Q1 2026 delivery.
      4241 International Pkwy, Carrollton, TX 75007
      View Details
    • Contact for pricing
      2,596 SF

      Retail Space in Carrollton Center

      Retail space available in a well-located Carrollton shopping center.
      2630-2660 North Josey Ln, Carrollton, TX 75007
      View Details
    • Contact for pricing
      1,676 SF

      Retail Space in Carrollton, Texas

      Retail space available in Carrollton, Texas at Frankford Standridge.
      1711 Frankford Rd E, Carrollton, TX 75007
      View Details
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    Carrollton, TX 75007-5516
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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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