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    3068 Frst Ln Dallas, TX 75234-7788

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    3068 Frst Ln Dallas, TX 75234-7788

    View on Map
    • Super regional malls
    • 57,893 SF
    • 5.09 lot acres
    Off-Market
    Property ID
    US82-0698964
    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.
    Value Estimations
    $1,110,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hairstyles Unlimited / Hair Salon / Nail Salon
    • Lifesafer Ignition Interlock / Building Supply / General Contractor
    • GENERATION OF FAITH FOUNDATION / Church
    • Payless Auto Insurance / Insurance Agency
    • Logo Depot Printing y Mas / Marketing & Advertising / Advertising Agency

    Property Details for 3068 Frst Ln

    Year built
    1975
    Construction
    TILT-UP CONCRETE
    Lot size
    5.09 lot acres
    Property size
    57,893 SF
    Zone code
    Z239
    Property type
    Super regional malls
    Property subtype
    Shopping centers
    APN
    606992900000
    APU
    606992900000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $995,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,227,000
      Market price range: $1.23M - $3.12M

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.8736
    Latitude
    32.9089
    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
    $71,138
    $2,662,730
    $437,270
    $3,100,000
    -
    $2,662,730
    $437,270
    $3,100,000

    Comparable in this City

    • Value Estimation
      $2,590,000
      119,741 SF

      3624 Frst Ln

      REGIONAL SHOPPING CENTER, MALL • 119,741 SF
      3624 Frst Ln, Dallas, TX 75234
      View Details
    • Value Estimation
      $2,495,000
      66,671 SF

      3106 Frst Ln

      REGIONAL SHOPPING CENTER, MALL • 66,671 SF
      3106 Frst Ln, Dallas, TX 75234-7708
      View Details
    • Value Estimation
      $795,000
      42,808 SF

      2900 Vly Vw Ln

      REGIONAL SHOPPING CENTER, MALL • 42,808 SF
      2900 Vly Vw Ln, Farmers Branch, TX 75234
      View Details
    • Value Estimation
      $1,590,000
      60,143 SF

      2900 Vly Vw Ln

      REGIONAL SHOPPING CENTER, MALL • 60,143 SF
      2900 Vly Vw Ln, Farmers Branch, TX 75234
      View Details
    • Value Estimation
      $1,080,000
      50,844 SF

      2825 Vly Vw Ln

      REGIONAL SHOPPING CENTER, MALL • 50,844 SF
      2825 Vly Vw Ln, Farmers Branch, TX 75234-4955
      View Details
    • Value Estimation
      $565,000
      11,748 SF

      13091 Bee St

      SHOPPING CENTER, STRIP CENTER • 11,748 SF
      13091 Bee St, Farmers Branch, TX 75234-6558
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      50,844 SF

      Corners Shopping Center: Prime Retail Space

      Farmers Branch, TX Restaurant Retail Opportunity
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    • Contact for pricing
      3,354 SF

      Retail Space in Addison Town

      Retail space with high traffic and visibility in Dallas.
      3781 Belt Line Rd, Dallas, TX 75234
      View Details
    • Contact for pricing
      24,831 SF

      Retail, Office, Medical Space Available

      Located at the entrance of Dallas Medical Center.
      12004 Webb Chapel Rd, Farmers Branch, TX 75234
      View Details
    • 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
      View Details
    • $539,900
      Pending

      New Modern Townhome Ready Now

      Newly constructed 3-bedroom, 2.5-bath townhome with modern open concept.
      1832 Wittington Pl, Farmers Branch, TX 75234
      View Details

    Similar Nearby for Lease

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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

      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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    • Contact for pricing
      875 SF

      Retail Space on Josey Lane

      Retail space available on a hard corner with high visibility.
      2919 Forest Ln, Dallas, TX 75234
      View Details
    • 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
      5,121 SF

      Retail Hub on Belt Line

      Retail and office spaces available in prime Addison location.
      4021 Belt Line Rd, Dallas, TX 75234
      View Details
    • Contact for pricing
      12,900 SF

      Freestanding Class A Retail Building

      Class A retail building in a high-traffic Dallas location.
      2899 Forest Ln, Dallas, TX 75234
      View Details
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    Dallas, TX 75234-7788
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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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