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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2821 Turtle Crk Blvd Dallas, TX 75219-4802

    • Parking lots & garages
    • 86,130 SF
    • 3.60 lot acres
    OFF-MARKET
    Value Estimations
    $800,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2544540
    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

    • Rosewood Mansion on Turtle Creek / Hotel / Bar
    • Encore / Audio Visual Consultant / Event Technology Service
    • The Mansion Bar / Bar
    • The Mansion Restaurant / New American Restaurant
    • Buchanan Co / Book Store

    Property Details for 2821 Turtle Crk Blvd

    Year built
    2017
    Construction
    FRAME
    Lot size
    3.60 lot acres
    Property size
    86,130 SF
    Zone code
    Z239
    Property type
    Parking lots & garages
    APN
    001027000A02B0000
    APU
    001027000A02B0000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $695,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $907,000
      Market price range: $310k - $908k

    • Alternative Use

      Use
      Estimation
      PARKING LOT
      $590,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.8073
    Latitude
    32.8043
    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
    $1,365,395
    $21,196,620
    $38,303,380
    $59,500,000
    -
    $21,196,620
    $38,303,380
    $59,500,000

    Comparable in this City

    • Value Estimation
      $855,000
      150,283 SF

      2215 Oak Lawn Ave, Unit G

      PARKING GARAGE, PARKING STRUCTURE • 150,283 SF
      2215 Oak Lawn Ave, Dallas, TX 75219
      View Details
    • Value Estimation
      $945,000
      302,471 SF

      2401 Victory Park Ln, Unit 1

      PARKING GARAGE, PARKING STRUCTURE • 302,471 SF
      2401 Victory Park Ln, Dallas, TX 75219-7645
      View Details
    • Value Estimation
      $790,000
      254,880 SF

      3333 Lee Pkwy

      PARKING GARAGE, PARKING STRUCTURE • 254,880 SF
      3333 Lee Pkwy, Dallas, TX 75219-5111
      View Details
    • Value Estimation
      $750,000
      438,060 SF

      2503 Victory Ave

      PARKING GARAGE, PARKING STRUCTURE • 438,060 SF
      2503 Victory Ave, Dallas, TX 75219
      View Details
    • Value Estimation
      $620,000
      5,328 SF

      4215 Herschel Ave

      PARKING GARAGE, PARKING STRUCTURE • 5,328 SF
      4215 Herschel Ave, Dallas, TX 75219-2306
      View Details
    • Value Estimation
      $895,000
      471,212 SF

      3102 Oak Lawn Ave

      PARKING GARAGE, PARKING STRUCTURE • 471,212 SF
      3102 Oak Lawn Ave, Dallas, TX 75219-6419
      View Details

    Similar Nearby for Sale

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      4,926 SF

      Freestanding Building Near I-635

      Freestanding building, formerly a restaurant, with freeway visibility.
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      Architectural Portfolio with Skyline Views

      One-acre urban compound with modern residence and historic commercial office.
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      Land in Maplewood Subdivision

      Unimproved land in trendy Maplewood, ideal for new developments.
      2439 Hawthorne Ave, Dallas, TX 75219
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    • New
      $650,000
      0.16 Acres

      Dallas Land with Development Permit

      Double lot with permit for 12-unit development in Dallas.
      2723 Hondo Ave, Dallas, TX 75219
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    • $170,000
      774 SF

      Turtle Creek High-Rise Condo

      Modern 1-bedroom condo in prime Turtle Creek location.
      3883 Turtle Creek Blvd, Dallas, TX 75219
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    • $575,000

      North Oak Lawn Home

      Prime location near shopping, restaurants, and nightlife.
      4315 Holland Ave, Dallas, TX 75219
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    Similar Nearby for Lease

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      25,581 SF

      Wycliff Shopping Center: Dallas Retail Space

      Prime Dallas retail space, 3,750 sq ft available.
      2525 Wycliff Ave, Dallas, TX 75219
      View Details
    • Contact for pricing
      3,550 SF

      Retail Space in Turtle Creek

      Retail space for lease in Turtle Creek/Oak Lawn area.
      2920-2924 Oak Lawn Ave, Dallas, TX 75219
      View Details
    • Contact for pricing
      2,644 SF

      Established Retail Center in Dallas

      Neighborhood retail center serving Highland Park and Park Cities communities.
      4212 Oak Lawn Ave, Dallas, TX 75219
      View Details
    • $35 SF/Yr
      3,176 SF

      Retail Space in High-Traffic Corridor

      Retail spaces available in a renovated, high-traffic Dallas location.
      3102-3201 Oak Lawn Ave, Dallas, TX 75219
      View Details
    • Contact for pricing
      48,695 SF

      Dallas Retail Pad - Oak Lawn Ave

      High-traffic retail pad, 38,220 SF available.
      2733 Oak Lawn Ave, Dallas, TX 75219
      View Details
    • $40 SF/Yr
      2,738 SF

      Dallas Oak Lawn Office Building

      2,738 SF Office/Retail, Fully Customizable
      3300 Douglas Ave, Dallas, TX 75219
      View Details
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    Dallas, TX 75219-4802
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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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