Technical
Financial
Distress signals
Property profile

3223 Merrifield Ave Dallas, TX 75223

OFF-MARKET
Auto shops
Property ID
US82-1780527
3,300 SF 0.17 ac lot Built 1985
Individually Owned 19-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 3,330 square foot auto shop, located at 3223 Merrifield Ave in Dallas, Texas, presents a unique investment opportunity. The two-story building sits on an 8,645 square foot lot and boasts five lifts, a car inspection station, and ample workspace. The property includes well-appointed offices, a reception area, break room, and kitchen, ensuring comfort and efficiency for staff. Employee lockers and racks for auto parts are also provided. The second floor offers two bedrooms, a restroom, and a spacious office with panoramic views, ideal for management or additional storage. A significant advantage is the availability of a 7,260 square foot adjacent lot, perfect for future expansion. Strategically located off Highway 30 and Dolphin Road on a service road with highway frontage, this property benefits from exceptional visibility and high traffic volume. Texas Department of Transportation data indicates a daily traffic count of 163,540 vehicles on Highway 30. Currently leased at $5,500 per month plus utilities, the lease expires May 1, 2027, offering both immediate income and long-term potential. This turnkey operation is ready for a new owner to capitalize on its established success and prime location. The property's features and location make it an ideal investment for an experienced operator or a savvy investor seeking a strong return.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1985
Construction TILT-UP CONCRETE
Total area 3,300 SF
Lot 0.17 ac (7,305 SF)
Zoning code Z248
APN 225994000000
UPID US82-1780527

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Auto Repair Shop
  • Auto Repair Shop
  • Auto Repair Shop

Location

3223 Merrifield Ave Dallas, TX 75223-1925
Dallas metro Census 1202 DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$255k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$255k

Owner & transaction history

since 2007
2 recorded transactions
2007
Price N/A
2006
Price N/A

Zoning & alternative use

Z248 · Dallas, TX

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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