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Property profile & analytics
FOR LEASE
Strip malls

2816 Fairmount St Dallas, TX 75201

11,602 SF 0.38 ac lot Built 1953
Entity Owned 7-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US82-4240342
Property summary
AI-generated overview

This exceptional 4,000 square foot restaurant space is located at 2816 Fairmount St in Dallas, Texas, within Dallas County (zip code 75201). The property is a single-tenant retail space, specifically a second-generation restaurant, offering a rare opportunity in a highly desirable Uptown Dallas location. The space boasts a large patio facing Cedar Springs, providing excellent visibility and outdoor seating potential. The fully equipped kitchen and existing furniture/fixtures are included, significantly reducing start-up costs for a new tenant. This prime location benefits from a strong daytime population and consistent foot traffic generated by nearby luxury residences, high-quality office buildings, shopping areas, and popular entertainment venues. The short-term lease option provides flexibility for potential operators. The property's high profile and established infrastructure make it an ideal location for a variety of restaurant concepts. This is a truly unique opportunity to establish a thriving business in one of Dallas' most sought-after neighborhoods. The property is situated at 32.7979147 latitude and -96.8051681 longitude.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1953
Construction TILT-UP CONCRETE
Total area 11,602 SF
Lot 0.38 ac (16,760 SF)
Zoning code Z239
APN 135406000000
UPID US82-4240342
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.34M
Blend (final) Blend
$1.57M
Owner & transaction history
Greenway-cedar Springs LP · 7 yrs held
Greenway-cedar Springs LP
since 2019
4 recorded transactions
2019
Price N/A
2010
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Z239 · Dallas, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $1.8M +124.7%
Auto repair, garage $1.4M +65.0%
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More about this property
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