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    Property profile & analytics

    2661 Midway Rd Carrollton, TX 75006

    • Super regional malls
    • 22,525 SF
    • 1.74 lot acres
    For Sale
    View listing
    $1,100,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-0165360
    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

    • Once Upon A Child - Carrollton, TX / Children'S Store / Consignment Shop
    • Preferred Resource Management Inc / Software Company
    • A Plus Dental / Dentist
    • Order Up Bistro / American Restaurant / Takeout Restaurant
    • Intrinsic Foundation / Non-Profit Organization / Delivery Restaurant

    Property Details for 2661 Midway Rd

    Year built
    1985
    Construction
    TILT-UP CONCRETE
    Lot size
    1.74 lot acres
    Property size
    22,525 SF
    Zone code
    Z123
    Property type
    Super regional malls
    APN
    140280000C0030000
    APU
    140280000C0030000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $925,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $620,000
      Market price range: $620k - $1.16M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $910,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Carrollton
    County
    Dallas
    State
    Texas
    Longitude
    -96.8439
    Latitude
    32.9867
    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
    $45,806
    $494,020
    $1,673,960
    $2,167,980
    -
    $494,020
    $1,673,960
    $2,167,980

    Comparable in this City

    • Value Estimation
      $1,380,000
      85,786 SF

      2540 Old Denton Rd

      REGIONAL SHOPPING CENTER, MALL • 85,786 SF
      2540 Old Denton Rd, Carrollton, TX 75006-1352
      View Details
    • Value Estimation
      $555,000
      17,245 SF

      1927 Belt Line Rd

      REGIONAL SHOPPING CENTER, MALL • 17,245 SF
      1927 Belt Line Rd, Carrollton, TX 75006-5821
      View Details
    • Value Estimation
      $1,280,000
      131,219 SF

      1235 Josey Ln

      REGIONAL SHOPPING CENTER, MALL • 131,219 SF
      1235 Josey Ln, Carrollton, TX 75006-7679
      View Details
    • Value Estimation
      $1,305,000
      28,495 SF

      1927 Belt Line Rd

      REGIONAL SHOPPING CENTER, MALL • 28,495 SF
      1927 Belt Line Rd, Carrollton, TX 75006-5821
      View Details
    • Value Estimation
      $1,595,000
      37,108 SF

      2810 Trinity Mls Rd

      REGIONAL SHOPPING CENTER, MALL • 37,108 SF
      2810 Trinity Mls Rd, Carrollton, TX 75006-2545
      View Details
    • Value Estimation
      $1,855,000
      78,312 SF

      2661 Midway Rd

      REGIONAL SHOPPING CENTER, MALL • 78,312 SF
      2661 Midway Rd, Carrollton, TX 75006-2359
      View Details

    Similar Nearby for Sale

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      New Mixed-Use Project For Sale

      Newly constructed mixed-use project with high traffic visibility.
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      The Human Bean Opportunity

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      1.72 Acres

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      Carrollton Industrial Property For Sale

      100% leased industrial property with upside potential in Carrollton, TX.
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    Similar Nearby for Lease

    • Contact for pricing
      2,772 SF

      Retail Space in Carrollton Center

      Neighborhood shopping center with diverse tenants and excellent visibility.
      1103 S Josey Ln, Carrollton, TX 75006
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space on Josey Lane

      Retail space with high visibility and access on Josey.
      2540 N Josey Ln, Carrollton, TX 75006
      View Details
    • $5 SF/Yr
      1,560 SF

      Retail Space in Carrollton Center

      Retail spaces available in a 61,255 SF shopping center.
      1907-1927 E Belt Line Rd, Carrollton, TX 75006
      View Details
    • $22 SF/Yr
      1,006 SF

      Retail Space in Carrollton Center

      Retail space in neighborhood strip center with high visibility.
      2204 Kelly Blvd, Carrollton, TX 75006
      View Details
    • Contact for pricing
      1,469 SF

      Retail Space in Carrollton Center

      Neighborhood shopping center with diverse tenants and excellent visibility.
      1103-1107 S Josey Ln, Carrollton, TX 75006
      View Details
    • Contact for pricing
      72,203 SF

      Josey Ranch Retail Center Investment

      Prime Retail Space, Dallas County
      2150 Josey Ln, Carrollton, TX 75006
      View Details
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    Carrollton, TX 75006
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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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