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    2819 Illinois Ave Dallas, TX 75233-1005
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    Property profile & analytics

    2819 Illinois Ave, Dallas, TX 75233-1005

    View on Map
    • Retail space
    • 20,800 SF
    • 1.47 lot acres
    Off-Market
    Property ID
    US83-4034538
    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
    $880,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Thrift Mart / Discount Store
    • Holes Depot / (Bike/Boat/Book/etc) Store

    Property Details for 2819 Illinois Ave

    Year built
    1966
    Construction
    TILT-UP CONCRETE
    Lot size
    1.47 lot acres
    Zone code
    Z59
    Property type
    Retail space
    APN
    465664000000
    APU
    465664000000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 7, 2018 — Khoja R & E Invs LLC Alas Series LLC Series 1 Grant Deed $833k · Independent Bk
    Jan 5, 2017 — Alas Series LLC Series 1 George,anamari L Grant Deed · related —
    Sep 14, 2004 — Antonio Lacarra Abernathy William L Trust Grant Deed $440k · Abernathy William L Trust (tr)
    Feb 19, 1999 — Abernathy Trust Nationsbank Quit Claim Deed · related —
    — — Antonio Lacarra — Deed Of Trust · related $100k · Dallas National Bank
    — — Antonio Lacarra — Deed Of Trust · related $625k · Dallas National Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $700,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,061,000
      Market price range: $1.06M - $3.30M

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.8667
    Latitude
    32.7209
    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
    $22,259
    $192,000
    $778,000
    $970,000
    -
    $192,000
    $778,000
    $970,000

    Comparable in this City

    • Value Estimation
      $1,170,000
      8,236 SF

      2445 Illinois Ave

      RETAIL STORES (PERSONAL SERVICES)
      2445 Illinois Ave, Dallas, TX 75233
      View Details
    • Value Estimation by Request
      5,092 SF

      2957 Westmoreland Rd

      RETAIL STORES (PERSONAL SERVICES)
      2957 Westmoreland Rd, Dallas, TX 75233-1315
      View Details
    • Value Estimation by Request
      7,551 SF

      2449 Illinois Ave

      RETAIL STORES (PERSONAL SERVICES)
      2449 Illinois Ave, Dallas, TX 75233-1105
      View Details
    • Value Estimation
      $2,065,000
      15,048 SF

      2401 Ledbetter Dr

      RETAIL STORES (PERSONAL SERVICES)
      2401 Ledbetter Dr, Dallas, TX 75233-4015
      View Details
    • Value Estimation by Request
      3,000 SF

      2807 Westmoreland Rd

      RETAIL STORES (PERSONAL SERVICES)
      2807 Westmoreland Rd, Dallas, TX 75233-1313
      View Details
    • Value Estimation
      $1,420,000
      9,100 SF

      2426 Ledbetter Dr

      RETAIL STORES (PERSONAL SERVICES)
      2426 Ledbetter Dr, Dallas, TX 75233-4016
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      15,047 SF

      Dallas Retail NNN Opportunity

      Retail property with long-term lease and high traffic volume.
      2401 W Ledbetter Dr, Dallas, TX 75233
      View Details
    • Contact for pricing
      180,712 SF

      184-Unit Multifamily Community in Dallas

      Two-story apartment community with strong occupancy and value-add potential.
      4271 Altoona Dr, Dallas, TX 75233
      View Details
    • Contact for pricing

      Land in Dallas/Fort Worth Area

      Land available in the dynamic Dallas/Fort Worth region.
      3100 Hansboro Ave, Dallas, TX 75233
      View Details
    • Contact for pricing

      Redevelopment Opportunity in Dallas

      Land available for redevelopment in Dallas, Texas.
      3150 Hansboro Ave, Dallas, TX 75233
      View Details
    • New
      $145,000
      0.38 Acres

      Cleared Dual-Street Access Lot

      A cleared development parcel with frontage on two streets, offering flexibility for future homes or investment strategy.
      2987 Clovis Ave, Dallas, TX 75233
      View Details
    • $1,100,000
      3.09 Acres

      Developing Area Land For Sale

      Two multi-family zoned properties totaling 6 acres in Dallas, TX.
      4048 Altoona Dr, Dallas, TX 75233
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,201 SF

      Retail Space on Hampton Road

      2,201 SF in-line retail space available for lease.
      2412-2464 S Hampton Rd, Dallas, TX 75233
      View Details
    • Contact for pricing
      900 SF

      Retail Space on South Hampton

      Retail space available in busy Dallas shopping center.
      2509-2519 S Hampton Rd, Dallas, TX 75233
      View Details
    • Contact for pricing
      25,970 SF

      Shilling Way Warehouse Space

      Warehouse space with dock high and ramped doors.
      4301-4311 Shilling Way, Dallas, TX 75233
      View Details
    • Contact for pricing
      2 SF

      Warehouse with Outside Storage Capability

      50,000 SF warehouse with office space and outside storage.
      2743 Pierce St, Dallas, TX 75233
      View Details
    • Contact for pricing

      Oak Cliff Office/Warehouse Space

      Office/warehouse spaces perfect for contractors or general storage.
      3880 W Ledbetter Dr, Dallas, TX 75233
      View Details
    • Contact for pricing

      Industrial Space Available For Rent

      Industrial property available for rent at 2929 Glenfield Avenue.
      2929 Glenfield Ave, Dallas, TX 75233
      View Details
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    Dallas, TX 75233-1005
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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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