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    2821 Mckinney Ave Dallas, TX 75204-2549
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    Property profile & analytics

    2821 Mckinney Ave, Dallas, TX 75204-2549

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    • Office buildings
    • 5,417 SF
    • 0.22 lot acres
    Off-Market
    Property ID
    US83-3653900
    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
    $600,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Handmade Leather Bags | JLR Designs / Department Store / Clothing & Fashion Store
    • Event One Meetings / Event Planning / Wedding Service
    • Dreamline Logistics / Car Dealership / Shipping Company
    • Brandy Messiah / Physician
    • REC LENDING GROUP LLC / Loan Service

    Property Details for 2821 Mckinney Ave

    Year built
    1900
    Construction
    FRAME
    Lot size
    0.22 lot acres
    Zone code
    Z239
    Property type
    Office buildings
    APN
    135529000000
    APU
    135529000000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 3, 2009 — Sl Mckinney Avenue Dallas Howell Mckinney LLC Grant Deed $1.1M · Benchmark Bank
    Feb 20, 2009 — Dallas Howell Mckinney LLC — Trustees Deed · related $2M · Phillip E Cobb
    Feb 16, 2007 — Dallas Howell Mckinney LLC Cobb,phillip E Grant Deed $2M · Phillip E Cobb
    — — Sl Mckinney Avenue LP — Deed Of Trust · related $2M · Green Bank
    — — Sl Mckinney Avenue LP — Deed Of Trust · related $1.1M · Texas Capital Bank NA

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $555,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $646,000
      Market price range: $190k - $646k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $430,000
      Current use
      RESTAURANT
      $895,000
      Change: +107% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $630,000
      Change: +46% Conversion: Difficult
      RETAIL STORES
      $625,000
      Change: +45% Conversion: Moderate
      WAREHOUSE, STORAGE
      $365,000
      Change: -16% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.8012
    Latitude
    32.7997
    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
    $43,252
    $1,661,630
    $223,170
    $1,884,800
    -
    $1,661,630
    $223,170
    $1,884,800

    Comparable in this City

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      176,206 SF

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      4621 Ross Ave

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      3006 Cole Ave

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      2705 Swiss Ave

      OFFICE BUILDING
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      View Details
    • Value Estimation by Request
      3,467 SF

      3800 San Jacinto St

      OFFICE BUILDING
      3800 San Jacinto St, Dallas, TX 75204-5225
      View Details

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      0.41 Acres

      Live-Work Creative Studio Building

      Versatile creative production space with editing suites, private offices, and a 3-sided cyclorama wall plus private living quarters.
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      11,944 SF

      Two-Story Asset in Old East Dallas

      Redevelopment opportunity in a rapidly transitioning Dallas submarket.
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    • $1,500,000
      0.31 Acres

      Flex Space with Private Parking Court

      Multi-structure flex setup with a built-out studio space, two-story outbuilding, and expansive private parking for owner-users or live-work.
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    • $1,500,000
      0.31 Acres

      Live-Work and Flex Property

      Multi-structure setup with built-out flex space, a detached two-story outbuilding, and ample on-site parking for owner-users.
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      View Details
    • Contact for pricing
      253,981 SF

      Dallas Land Parcel For Sale

      Large commercial land parcel available in Dallas, Texas.
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      Class AA office space in Dallas' State Thomas Historic District.
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      101,789 SF

      Dallas Office Space Available

      Office building with 101,789 square feet available for rent.
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      5,802 SF

      Renovated Office Building Near Baylor

      Renovated office building with convenient access to amenities and transportation.
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      Discover many ways to work your way in Plano Shops at Legacy
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      Discover many ways to work your way in TX, Dallas - Uptown
      3232 Mckinney Ave, Dallas, TX 75204
      View Details
    • Contact for pricing
      10,191 SF

      Modern Office Space Available

      Office space with on-site amenities and convenient location.
      4040 N Central Expy, Dallas, TX 75204
      View Details
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    Dallas, TX 75204-2549
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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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