Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2874 Prichard Ln Dallas, TX 75227-6854

    • Apartment buildings
    • 64,704 SF
    • 2.84 lot acres
    OFF-MARKET
    Value Estimations
    $1,570,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3015232
    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

    • Unique Baskets and More / (Bike/Boat/Book/etc) Store

    Property Details for 2874 Prichard Ln

    Year built
    1973
    Construction
    FRAME
    Lot size
    2.84 lot acres
    Property size
    64,704 SF
    Zone code
    Z59
    Property type
    Apartment buildings
    APN
    513833700000
    APU
    513833700000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $2,565,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.6861
    Latitude
    32.7614
    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
    $111,945
    $185,760
    $4,692,500
    $4,878,260
    -
    $185,760
    $4,692,500
    $4,878,260

    Comparable in this City

    • Value Estimation
      $1,995,000
      79,032 SF

      9600 Military Pkwy

      APARTMENT HOUSE (5+ UNITS) • 79,032 SF
      9600 Military Pkwy, Dallas, TX 75227
      View Details
    • Value Estimation
      $3,330,000
      210,856 SF

      8200 Hoyle Ave

      APARTMENT HOUSE (5+ UNITS) • 210,856 SF
      8200 Hoyle Ave, Dallas, TX 75227
      View Details
    • Value Estimation
      $5,620,000
      199,372 SF

      9860 Scyene Rd

      APARTMENT HOUSE (5+ UNITS) • 199,372 SF
      9860 Scyene Rd, Dallas, TX 75227-1900
      View Details
    • Value Estimation
      $3,190,000
      133,420 SF

      2808 Saint Augustine Dr

      APARTMENT HOUSE (5+ UNITS) • 133,420 SF
      2808 Saint Augustine Dr, Dallas, TX 75227-7320
      View Details
    • Value Estimation
      $910,000
      17,436 SF

      2150 Pr Crk Rd

      APARTMENT HOUSE (5+ UNITS) • 17,436 SF
      2150 Pr Crk Rd, Dallas, TX 75227-8186
      View Details
    • Value Estimation
      $1,355,000
      46,867 SF

      2722 Buckner Blvd

      APARTMENT HOUSE (5+ UNITS) • 46,867 SF
      2722 Buckner Blvd, Dallas, TX 75227-6941
      View Details

    Similar Nearby for Sale

    • $592,000
      0.17 Acres

      Dallas Income-Producing Quadruplex For Sale

      Well-maintained Dallas quadruplex with strong rental demand and income potential.
      8005 Rothington Rd, Dallas, TX 75227
      View Details
    • $580,000
      0.21 Acres

      Dallas Quadruplex Income Property

      Four income-producing units in a high-demand Dallas rental area.
      8001 Rothington Rd, Dallas, TX 75227
      View Details
    • Contact for pricing
      17.53 Acres

      Dallas 17-Acre Commercial Land

      Prime Dallas location, mixed-use zoning.
      4700 Buckner Blvd, Dallas, TX 75227
      View Details
    • $95,000
      870 SF

      Charming Townhome with Open Layout

      Comfortable 1-bedroom townhome with convenient access to amenities.
      9459 Olde Village Ct, Dallas, TX 75227
      View Details
    • $149,500
      0.28 Acres

      Cleared Lot with City Utilities

      Cleared land with city utilities, located in Dallas, Texas.
      2419 Lolita Dr, Dallas, TX 75227
      View Details
    • $3,500,000
      11.50 Acres

      Dallas Land with Development Potential

      11.5 acres in Dallas, TX, with commercial and residential zoning.
      9107 Scyene Rd, Dallas, TX 75227
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      7,250 SF

      Carr Street Flex/Showroom Space

      7,250 SF flex space with showroom and outside storage.
      7924 Carr St, Dallas, TX 75227
      View Details
    • Contact for pricing
      16,305 SF

      Dallas Warehouse Space Available

      16,305 square foot warehouse space for rent in Dallas.
      4110 Cedar Lake Dr, Dallas, TX 75227
      View Details
    • Contact for pricing
      11,442 SF

      Dallas Warehouse Space Available Now

      Renovated warehouse space available for immediate occupancy in Dallas.
      8230-8238 Lovett Ave, Dallas, TX 75227
      View Details
    • $15 SF/Yr
      3,884 SF

      Office Space on Buckner Boulevard

      Office space with over 8 years remaining on the lease.
      4801 S Buckner Blvd, Dallas, TX 75227
      View Details
    • Contact for pricing
      3,900 SF

      Warehouse with Outdoor Storage

      3,900 SF warehouse with 8,000 SF outdoor storage.
      10350 Scyene Rd, Dallas, TX 75227
      View Details
    • Contact for pricing
      32,844 SF

      Buckner Blvd Retail Center

      Dallas Retail Space: 1,700-4,410 SF Available
      2902 Buckner Blvd, Dallas, TX 75227
      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.
    2874 Prichard Ln
    Dallas, TX 75227-6854
    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

    Google sign-in failed. Please try again or use another login method.