Add Listing
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

    2901 Ervay St Dallas, TX 75215-3112

    • Gas stations
    • 6,586 SF
    • 0.28 lot acres
    OFF-MARKET
    Last Sale
    Feb 06, 2023
    Value Estimations
    $605,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-0151924
    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

    • Top & Bottom Body Shop / Auto Repair Shop

    Property Details for 2901 Ervay St

    Year built
    1953
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.28 lot acres
    Property size
    6,586 SF
    Zone code
    Z239
    Property type
    Gas stations
    APN
    141523000000
    APU
    141523000000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $607,000
      Market price range: $607k - $1.48M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $960,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.7784
    Latitude
    32.762
    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
    $1,949
    $0.00
    $0.00
    $99,620
    -
    $0.00
    $0.00
    $99,620

    Comparable in this City

    • Value Estimation by Request
      1,444 SF

      3000 Botham Jean Blvd

      SERVICE STATION (FULL SERVICE) • 1,444 SF
      3000 Botham Jean Blvd, Dallas, TX 75215-3252
      View Details
    • Value Estimation by Request
      4,000 SF

      2715 Parnell St

      SERVICE STATION (FULL SERVICE) • 4,000 SF
      2715 Parnell St, Dallas, TX 75215
      View Details
    • Value Estimation by Request
      2,167 SF

      2939 Ervay St

      SERVICE STATION (FULL SERVICE) • 2,167 SF
      2939 Ervay St, Dallas, TX 75215-3112
      View Details
    • Value Estimation by Request
      960 SF

      2717 Romine Ave

      SERVICE STATION (FULL SERVICE) • 960 SF
      2717 Romine Ave, Dallas, TX 75215-3858
      View Details
    • Value Estimation by Request
      1,700 SF

      2750 Coombs St

      SERVICE STATION (FULL SERVICE) • 1,700 SF
      2750 Coombs St, Dallas, TX 75215
      View Details
    • Value Estimation by Request
      1,320 SF

      1602 Martin Luther King Jr Blvd

      SERVICE STATION WITH FOOD MART • 1,320 SF
      1602 Martin Luther King Jr Blvd, Dallas, TX 75215-3209
      View Details

    Similar Nearby for Sale

    • $99,000
      0.09 Acres

      Cleared Corner Lot Near Downtown

      Cleared corner lot near downtown Dallas with utilities available.
      2419 Logan St, Dallas, TX 75215
      View Details
    • $600,000
      4,566 SF

      Hard Corner Lot in Dallas

      Vacant hard corner lot suitable for retail or auto repair.
      2712-2718 Romine Ave, Dallas, TX 75215
      View Details
    • $1,000,000
      0.45 Acres

      Corner Lot in Thriving Area

      Corner lot in West Dallas, close to many amenities.
      2751 Clarence St, Dallas, TX 75215
      View Details
    • $4,000,000
      26,530 SF

      Grand Plaza Shopping Center

      Dallas Retail Center: Value-Add Opportunity
      3101 Al Lipscomb Way, Dallas, TX 75215
      View Details
    • Contact for pricing
      7,500 SF

      Dallas Retail Land Opportunity

      7,500 SF Retail Land in Dallas, TX
      1201 Belleview St, Dallas, TX 75215
      View Details
    • Contact for pricing

      Commercial Retail Land with Parking

      Commercial retail land with parking, near major Dallas attractions.
      4118 Colonial Ave, Dallas, TX 75215
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,500 SF

      Retail Space in Emerging Area

      Retail space available in a rapidly growing Dallas entertainment district.
      1320 E Griffin St, Dallas, TX 75215
      View Details
    • Contact for pricing
      2,392 SF

      Retail Space with High Visibility

      Contemporary retail space for rent with flexible floor plans.
      3749 Julius Schepps Fwy, Dallas, TX 75215
      View Details
    • Contact for pricing
      2,844 SF

      Cedars Corner Retail Opportunity

      Dallas Retail Space: Two Suites Available
      1110 Akard St, Dallas, TX 75215
      View Details
    • Contact for pricing
      25,000 SF

      Prime Dallas Retail Space Available

      Historic Dallas retail, multi-use opportunity
      1601 Ervay St, Dallas, TX 75215
      View Details
    • Contact for pricing
      657 SF

      Retail Space on Malcolm X

      Corner retail space with high visibility and accessibility.
      4614 S Malcolm X Blvd, Dallas, TX 75215
      View Details
    • $1,600 /Mo

      Loft Condo with Skyline Views

      Stylish corner loft with wrap-around balcony and city views.
      1111 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.
    2901 Ervay St
    Dallas, TX 75215-3112
    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.
    Sign Up Successful!
    You now have access to more from Realmo!