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Property profile & analytics

2865 Valley View Ln Dallas, TX 75234

  • Outlet malls
  • 27,820 SF
  • 1.71 lot acres
Value Estimation
$955,000
Last Sale
Nov 01, 2024
Location Intelligence
Property ID
US82-4617111
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

  • Outlet malls

Property Details for 2865 Valley View Ln

Year built
1974
Construction
TILT-UP CONCRETE
Lot size
1.71 lot acres
Property size
27,820 SF
Zone code
Z141
Property type
Outlet malls
APN
24114250010010000
APU
24114250010010000

Description

This exceptional investment opportunity presents a fee-simple, 29,036 square foot Big Lots convenience store and grocery store in Farmers Branch, Texas. Located at 2865 Valley View Ln, 75234, this property boasts a 20-year absolute NNN lease with a corporate guarantee from Big Lots, Inc. (NYSE: BIG), ensuring consistent income with a 2% annual rent increase. The property sits on a 73,811 square foot lot and currently enjoys 100% occupancy, generating a strong net operating income (NOI) of $177,234, representing a 6.25% cap rate. The asking price is $2,835,751 ($97.66/sq ft). The property is offered as a 1031 exchange opportunity and is free and clear of debt. The strong demographics within a five-mile radius (over 333,000 population, average household income exceeding $93,000) further enhance the investment's appeal. The large lot size presents potential for future value-add opportunities, such as pad development, subject to tenant approval. This is a rare chance to acquire a well-positioned, high-performing retail asset with significant long-term growth potential.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $960,000
  • CAP approach

    CAP return
    Estimation
    6%
    $970,000
    6.5%
    $1,120,000
    7%
    $1,130,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $1,060,000
    Geo Method
    $1,065,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $1,030,000
    Retail
    $1,095,000
    Mixed-Use
    $1,100,000
    Hospitality
    $1,010,000
    Educational
    $1,055,000
    Residential Income
    $925,000
    Energy
    $880,000
    Income-Based Land
    $995,000
    Food Service
    $850,000

Location Insight

  • Map
  • Local Demand
City
Farmers Branch
County
Dallas
State
Texas
Longitude
-96.8827
Latitude
32.9252
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
$28,321
$1,114,640
$235,360
$1,350,000
-
$1,114,640
$235,360
$1,350,000
More about this property
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