Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2838 Martin Luther King Jr Blvd Dallas, TX 75215-2319
    Back to Search
    Property profile & analytics

    2838 Martin Luther King Jr Blvd, Dallas, TX 75215-2319

    View on Map
    • Office buildings
    • 4,400 SF
    • 0.18 lot acres
    Off-Market
    Property ID
    US82-0804427
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office buildings

    Property Details for 2838 Martin Luther King Jr Blvd

    Year built
    1983
    Construction
    FRAME
    Lot size
    0.18 lot acres
    Zone code
    Z239
    Property type
    Office buildings
    APN
    150772000000
    APU
    150772000000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 19, 2024 — Dallas Black Chamber Of Commerce — Deed · related $100k · Crossfirst Bank
    Feb 21, 2019 — Dallas Black Chamber Of Cmrc — Deed · related $125k · Regions Bk
    Mar 25, 1999 — Dallas Black Chamber Of Commer Costanzo,dorothy M Grant Deed $350k · Bank One Texas NA
    — — Dallas Black Chamber Of Cmrc — Loan Modification · related $125k · Regions Bk
    — — Dallas Negro Chamber Of Commerce — Deed Of Trust · related $220k · Regions Bank
    — — Dallas Black Chamber Of Commerce — Deed Of Trust · related $119k · Regions Bank
    — — Dallas Black Chamber Of Commerce — Deed Of Trust · related $255k · Regions Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.767
    Latitude
    32.7698
    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
    $0.00
    $38,750
    $178,350
    $217,100
    -
    $38,750
    $178,350
    $217,100

    Comparable in this City

    • Value Estimation
      $4,875,000
      253,253 SF

      3701 Botham Jean Blvd

      OFFICE BUILDING
      3701 Botham Jean Blvd, Dallas, TX 75215-3687
      View Details
    • Value Estimation
      $850,000
      12,288 SF

      2530 Malcolm X Blvd

      OFFICE BUILDING
      2530 Malcolm X Blvd, Dallas, TX 75215-1642
      View Details
    • Value Estimation
      $1,240,000
      20,641 SF

      1400 Cockrell Ave

      OFFICE BUILDING
      1400 Cockrell Ave, Dallas, TX 75215
      View Details
    • Value Estimation by Request
      6,084 SF

      3116 Martin Luther King Jr Blvd

      OFFICE BUILDING
      3116 Martin Luther King Jr Blvd, Dallas, TX 75215-2414
      View Details
    • Value Estimation by Request
      2,933 SF

      2531 Martin Luther King Jr Blvd

      OFFICE BUILDING
      2531 Martin Luther King Jr Blvd, Dallas, TX 75215-2306
      View Details
    • Value Estimation
      $2,505,000
      60,000 SF

      1601 Botham Jean Blvd

      OFFICE BUILDING
      1601 Botham Jean Blvd, Dallas, TX 75215-1816
      View Details

    Similar Nearby for Sale

    • $5,900,000
      0.87 Acres

      Two-Story Live-Work Office Building

      Two-story building with first-floor living quarters and extensive office space, positioned with frontage on three major streets.
      1204 Powhattan St, Dallas, TX 75215
      View Details
    • $450,000
      2,590 SF

      Downtown Dallas Office Building

      Rehabbed Office, High-End Finishes, Loft Space
      2503 Martin Luther King Jr Blvd, Dallas, TX 75215
      View Details
    • Contact for pricing
      8,400 SF

      Development Opportunity in The Cedars

      Prime 8,400 SF lot in a high-growth urban corridor.
      2401 Hickory St, Dallas, TX 75215
      View Details
    • Contact for pricing
      1,394 SF

      Dallas Office/Medical Investment Opportunity

      1,394 SF building in Dallas for office or medical use.
      1708 Martin Luther King Jr Blvd, Dallas, TX 75215
      View Details
    • Contact for pricing
      4,000 SF

      Commercial Retail Land with Parking

      Commercial retail land with parking near US-175 redevelopment project.
      4118 Colonial Ave, Dallas, TX 75215
      View Details
    • Contact for pricing
      5,974 SF

      High-Traffic Retail Property For Sale

      Retail property in high-traffic area, multiple addresses included.
      3415 S Malcolm X Blvd, Dallas, TX 75215
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      7,605 SF

      Office Building with Expansion Potential

      7,605 SF office building on 0.90 acres for lease.
      2017 S Ervay St, Dallas, TX 75215
      View Details
    • $8,500 /Mo
      3,600 SF

      Medical-Ready Standalone Office

      Standalone medical-ready building with existing clinical infrastructure and flexible layout for urgent care, dental, or specialty uses.
      1619 Martin Luther King Jr Blvd, Dallas, TX 75215
      View Details
    • $7 SF/Yr
      37,897 SF

      Two-Story Office Building with Living Quarters

      Flexible two-story office setup with first-floor living quarters and potential for multiple businesses on a corner-facing footprint.
      1204 Powhattan St, Dallas, TX 75215
      View Details
    • Contact for pricing
      26,000 SF

      Large Mixed-Use Property For Rent

      Spacious mixed-use property with high visibility and multiple business opportunities.
      1204 Powhattan St, Dallas, TX 75215
      View Details
    • $5,000 /Mo
      9,888 SF

      Standalone Assembly & Event Space

      Open-concept standalone building suited for congregations, events, and creative or social programming with strong frontage.
      4500 Malcolm X Blvd, Dallas, TX 75215
      View Details
    • Contact for pricing
      1,669 SF

      Retail Space in Revitalized Cedars

      Retail space in Dallas' Cedars neighborhood, near downtown and I-30.
      1108-1120 S Akard St, Dallas, TX 75215
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2838 Martin Luther King Jr Blvd
    Dallas, TX 75215-2319
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2838 Martin Luther King Jr Blvd, Dallas, TX, 75215
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!