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

    2899 Forest Ln Dallas, TX 75234

    • Retail space
    • 12,920 SF
    • 1.37 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-5334014
    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

    • CVS Photo / (Bike/Boat/Book/etc) Store
    • CVS Pharmacy y más / Pharmacy
    • CVS / Pharmacy
    • LibertyX Bitcoin ATM / Atm
    • Coinhub Bitcoin ATM Teller / Atm

    Property Details for 2899 Forest Ln

    Year built
    2009
    Construction
    FRAME
    Lot size
    1.37 lot acres
    Property size
    12,920 SF
    Zone code
    Z150
    Property type
    Retail space
    APN
    006589000B0010000
    APU
    006589000B0010000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,129,000
      Market price range: $463k - $1.13M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $785,000
      Current use
      AUTO REPAIR, GARAGE
      $1,505,000
      Change: +93% Conversion: Difficult
      OFFICE BUILDING
      $1,025,000
      Change: +31% Conversion: Easy
      COMMERCIAL (GENERAL)
      $890,000
      Change: +14% Conversion: Easy
      MEDICAL BUILDING
      $875,000
      Change: +12% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.8822
    Latitude
    32.9098
    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
    $92,884
    $0.00
    $0.00
    $3,415,060
    -
    $0.00
    $0.00
    $3,415,060

    Comparable in this City

    • Value Estimation
      $935,000
      23,807 SF

      13600 Stemmons Fwy

      RETAIL STORES (PERSONAL SERVICES) • 23,807 SF
      13600 Stemmons Fwy, Farmers Branch, TX 75234-5764
      View Details
    • Value Estimation
      $875,000
      9,996 SF

      2702 Valwood Pkwy

      RETAIL STORES (PERSONAL SERVICES) • 9,996 SF
      2702 Valwood Pkwy, Farmers Branch, TX 75234-3530
      View Details
    • Value Estimation by Request
      7,104 SF

      2880 Frst Ln

      RETAIL STORES (PERSONAL SERVICES) • 7,104 SF
      2880 Frst Ln, Dallas, TX 75234-7502
      View Details
    • Value Estimation by Request
      2,200 SF

      2425 Vly Vw Ln

      RETAIL STORES (PERSONAL SERVICES) • 2,200 SF
      2425 Vly Vw Ln, Farmers Branch, TX 75234-5723
      View Details
    • Value Estimation by Request
      1,998 SF

      11801 Webb Chapel Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,998 SF
      11801 Webb Chapel Rd, Dallas, TX 75234-7721
      View Details
    • Value Estimation by Request
      1,296 SF

      2525 Vly Vw Ln

      RETAIL STORES (PERSONAL SERVICES) • 1,296 SF
      2525 Vly Vw Ln, Farmers Branch, TX 75234-6188
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      High Visibility Retail/Industrial Property

      3.36-acre property with high visibility and mixed-use potential.
      2605 Lyndon B Johnson Fwy, Dallas, TX 75234
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      50,844 SF

      Corners Shopping Center: Prime Retail Space

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      LBJ Freeway Mixed-Use Property

      Dallas, TX: 49,870 SF Mixed-Use Opportunity
      2605 Lbj Fwy, Dallas, TX 75234
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      11,200 SF

      Retail Property on Large Lot

      Retail property with 14 tenants on a 5.74 AC lot.
      2825 Valley View Ln, Dallas, TX 75234
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      Land Available on Stemmons Freeway

      Land for sale located on Stemmons Freeway in Farmers Branch.
      14020 N Stemmons Fwy, Farmers Branch, TX 75234
      View Details
    • $215,000
      0.22 Acres

      Vacant Lot in Farmers Branch

      Vacant lot in established area, ideal for residential development.
      13706 Heartside Pl, Farmers Branch, TX 75234
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      25,268 SF

      Dallas Retail Space Available

      Prime Dallas storefront, multiple units.
      11826 Harry Hines Blvd, Dallas, TX 75234
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      1,998 SF

      Retail Space at Josey Village

      Retail space with high visibility and traffic generating tenants.
      2909 Forest Ln, Dallas, TX 75234
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space on Belt Line

      Retail space with high visibility and multiple access points.
      3953-3965 Belt Line Rd, Dallas, TX 75234
      View Details
    • Contact for pricing
      2,190 SF

      Retail Space Near Valley View

      Retail space available with excellent visibility and convenient access.
      13150 Senlac Dr, Farmers Branch, TX 75234
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    • Contact for pricing
      10,000 SF

      High-Traffic Retail Space Available

      Retail space for lease in high-traffic Dallas location.
      11822-11830 Harry Hines Blvd, Dallas, TX 75234
      View Details
    • Contact for pricing
      7,667 SF

      Retail Space Available For Lease

      7,667 square feet of divisible retail space for rent.
      14030 Josey Ln, Farmers Branch, TX 75234
      View Details
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    2899 Forest Ln
    Dallas, TX 75234
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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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