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

    3020 South Blvd Dallas, TX 75215

    • Specialty properties
    • 4,890 SF
    • 0.18 lot acres
    For Sale
    View listing
    $750,000
    Last Sale
    Jun 24, 2022
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2334958
    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

    • Specialty properties

    Property Details for 3020 South Blvd

    Year built
    1931
    Construction
    FRAME
    Lot size
    0.18 lot acres
    Property size
    4,890 SF
    Zone code
    Z239
    Property type
    Specialty properties
    APN
    150581000000
    APU
    150581000000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $380,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $372,000
      Market price range: $122k - $373k

    • Alternative Use

      Use
      Estimation
      CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS
      $250,000
      Current use
      AUTO REPAIR, GARAGE
      $570,000
      Change: +126% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $415,000
      Change: +65% Conversion: Difficult
      MEDICAL BUILDING
      $330,000
      Change: +31% Conversion: Difficult
      OFFICE BUILDING
      $320,000
      Change: +27% Conversion: Difficult
      WAREHOUSE, STORAGE
      $250,000
      Change: -0% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.7663
    Latitude
    32.7723
    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
    $13,685
    $30,600
    $565,750
    $596,350
    -
    $30,600
    $565,750
    $596,350

    Comparable in this City

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      $280,000
      3,900 SF

      3606 Colonial Ave

      CHARITABLE ORGANIZATION • 3,900 SF
      3606 Colonial Ave, Dallas, TX 75215-3640
      View Details
    • Value Estimation
      $325,000
      4,950 SF

      2830 Ervay St

      FUNERAL HOME • 4,950 SF
      2830 Ervay St, Dallas, TX 75215-3109
      View Details
    • Value Estimation
      $305,000
      5,378 SF

      2703 Elsie Faye Heggins St

      FUNERAL HOME • 5,378 SF
      2703 Elsie Faye Heggins St, Dallas, TX 75215-4702
      View Details
    • Value Estimation
      $290,000
      2,020 SF

      2728 Parsons Ave

      CHARITABLE ORGANIZATION • 2,020 SF
      2728 Parsons Ave, Dallas, TX 75215-5521
      View Details
    • Value Estimation
      $265,000
      7,892 SF

      2201 Harwood St

      VETERINARY, ANIMAL HOSPITAL • 7,892 SF
      2201 Harwood St, Dallas, TX 75215-1324
      View Details
    • Value Estimation
      $320,000
      6,591 SF

      2422 Martin Luther King Jr Blvd

      FUNERAL HOME • 6,591 SF
      2422 Martin Luther King Jr Blvd, Dallas, TX 75215-2303
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Dallas Land: 3920 Avant

      Prime Dallas lot, 3476 sq ft.
      3920 Avant St, Dallas, TX 75215
      View Details
    • Contact for pricing
      6,656 SF

      Dallas Retail Investment Opportunity

      Prime Dallas retail space, 6,656 sq ft.
      1801 Good Latimer Expy, Dallas, TX 75215
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    • Contact for pricing
      12,724 SF

      Retail Property Near Fair Park

      Retail property over 90% leased, near Deep Ellum.
      4310 S Malcolm X Blvd, Dallas, TX 75215
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    • $4,900,000

      Industrial Land Near Downtown Dallas

      26.67 acres of industrial land with convenient highway access.
      8201 Julius Schepps Fwy, Dallas, TX 75215
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    • $75,000

      Dallas Infill Opportunity Land

      7,700± SF lot near Downtown Dallas for multi-unit project.
      1217 Coleman Ave, Dallas, TX 75215
      View Details
    • $30,000
      0.13 Acres

      Commercial Land in Fair Park

      Unimproved land available in Dallas's Fair Park area.
      5412 Railroad Ave, Dallas, TX 75215
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      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
    • $7 SF/Yr
      37,897 SF

      Prime Dallas Industrial Opportunity

      Large industrial lot near highways and convention center.
      1204 Powhattan St, Dallas, TX 75215
      View Details
    • $26 SF/Yr
      7,546 SF

      Office Space in Dallas, TX

      7,546 square feet of office space available for lease.
      2021 Cockrell Ave, 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
    • 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
      2,844 SF

      Cedars Corner Retail Opportunity

      Dallas Retail Space: Two Suites Available
      1110 Akard St, Dallas, TX 75215
      View Details
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    3020 South Blvd
    Dallas, TX 75215
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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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