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    Property profile & analytics

    306 Marsalis Ave Dallas, TX 75203

    • Grocery and convenience stores
    • 2,624 SF
    • 0.46 lot acres
    OFF-MARKET
    Value Estimations
    $395,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3939725
    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

    • Grocery and convenience stores

    Property Details for 306 Marsalis Ave

    Year built
    1986
    Construction
    TILT-UP CONCRETE
    Lot size
    0.46 lot acres
    Property size
    2,624 SF
    Zone code
    Z239
    Property type
    Grocery and convenience stores
    APN
    250987000000
    APU
    250987000000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $400,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $313,000
      Market price range: $243k - $391k

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.8152
    Latitude
    32.7515
    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
    $17,093
    $503,130
    $241,720
    $744,850
    -
    $503,130
    $241,720
    $744,850

    Comparable in this City

    • Value Estimation
      $290,000
      2,210 SF

      300 Marsalis Ave

      CONVENIENCE STORE • 2,210 SF
      300 Marsalis Ave, Dallas, TX 75203-2742
      View Details
    • Value Estimation
      $405,000
      2,037 SF

      309 Marsalis Ave

      CONVENIENCE STORE • 2,037 SF
      309 Marsalis Ave, Dallas, TX 75203-2741
      View Details
    • Value Estimation
      $360,000
      2,400 SF

      211 Beckley Ave

      CONVENIENCE STORE • 2,400 SF
      211 Beckley Ave, Dallas, TX 75203-2612
      View Details
    • Value Estimation
      $315,000
      1,625 SF

      829 Corinth St Rd

      CONVENIENCE STORE • 1,625 SF
      829 Corinth St Rd, Dallas, TX 75203-3608
      View Details
    • Value Estimation by Request
      19,314 SF

      300 Jefferson Blvd

      GROCERY, SUPERMARKET • 19,314 SF
      300 Jefferson Blvd, Dallas, TX 75203-2632
      View Details
    • Value Estimation
      $270,000
      2,161 SF

      424 R L Thornton Fwy

      CONVENIENCE STORE • 2,161 SF
      424 R L Thornton Fwy, Dallas, TX 75203-2468
      View Details

    Similar Nearby for Sale

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      Hard corner property with development opportunity and adjacent parcel.
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      2.15 Acres

      Dallas Retail Land Opportunity

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      40,424 SF

      Prime Dallas Retail Space

      40,424 SF Retail Shop in Dallas, TX
      108 Marsalis Ave, Dallas, TX 75203
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      0.28 Acres

      Dallas Retail Center - Prime Location

      High-traffic retail property, ideal for redevelopment.
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      Bishop Arts District Pad Site

      Prime 0.38-acre site in Dallas' vibrant Bishop Arts District.
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    Similar Nearby for Lease

    • Contact for pricing
      795 SF

      Move-in Ready Retail/Office Space

      Retail and creative office space available near Bishop Arts District.
      336-340 W Jefferson Blvd, Dallas, TX 75203
      View Details
    • Contact for pricing
      1,685 SF

      Retail Space in North Oak Cliff

      Retail space in booming North Oak Cliff market for lease.
      324 W Jefferson Blvd, Dallas, TX 75203
      View Details
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      3,204 SF

      Bishop Arts Retail Leasing Opportunity

      Highly visible retail spaces with patios and grease traps available.
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      View Details
    • Contact for pricing
      906 SF

      Retail Space Near Bishop Arts

      Retail space for lease in high-growth Dallas corridor.
      520 W Jefferson Blvd, Dallas, TX 75203
      View Details
    • $1,495 /Mo
      850 SF

      Retail and Office Space Available

      Small market spaces suitable for unique shops with restaurant anchor.
      369 W Jefferson Blvd, Dallas, TX 75203
      View Details
    • Contact for pricing
      1,223 SF

      Retail Space Near Bishop Arts

      Ground-floor retail space near Bishop Arts District and Dallas Streetcar.
      196-233 W Davis St, Dallas, TX 75203
      View Details

    Property Visit Statistics

    • Visits by month
      4.7k
    • Visitors by month
      3.8k
    • Avg Time on site
      8 min
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    306 Marsalis Ave
    Dallas, TX 75203
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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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