Sign Up Successful!
You now have access to more from Realmo!
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

    3350 Lombardy Ln Dallas, TX 75220-3366

    • Apartment buildings
    • 276,031 SF
    • 12.64 lot acres
    OFF-MARKET
    Last Sale
    Nov 24, 2021
    Value Estimations
    $3,940,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2667557
    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

    • Repair team dallas #mecanico mobil / Auto Repair Shop / Auto Parts Store

    Property Details for 3350 Lombardy Ln

    Year built
    1982
    Construction
    FRAME
    Lot size
    12.64 lot acres
    Property size
    276,031 SF
    Zone code
    Z164
    Property type
    Apartment buildings
    APN
    005776000801A0000
    APU
    005776000801A0000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $4,990,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.8668
    Latitude
    32.8651
    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
    $1,055,599
    $2,234,860
    $43,765,140
    $46,000,000
    -
    $2,234,860
    $43,765,140
    $46,000,000

    Comparable in this City

    • Value Estimation
      $905,000
      101,169 SF

      2631 Webb Chapel Ext

      APARTMENT HOUSE (5+ UNITS) • 101,169 SF
      2631 Webb Chapel Ext, Dallas, TX 75220-5857
      View Details
    • Value Estimation
      $4,795,000
      338,826 SF

      10106 Technology W Blvd

      APARTMENT HOUSE (5+ UNITS) • 338,826 SF
      10106 Technology W Blvd, Dallas, TX 75220-4352
      View Details
    • Value Estimation
      $680,000
      31,328 SF

      3109 Oradell Ln

      APARTMENT HOUSE (5+ UNITS) • 31,328 SF
      3109 Oradell Ln, Dallas, TX 75220-6084
      View Details
    • Value Estimation
      $755,000
      70,442 SF

      2833 Community Dr

      APARTMENT HOUSE (5+ UNITS) • 70,442 SF
      2833 Community Dr, Dallas, TX 75220-4758
      View Details
    • Value Estimation
      $1,075,000
      73,302 SF

      3303 Chapel Crk Dr

      APARTMENT HOUSE (5+ UNITS) • 73,302 SF
      3303 Chapel Crk Dr, Dallas, TX 75220-3293
      View Details
    • Value Estimation
      $2,120,000
      192,808 SF

      3130 Lombardy Ln

      APARTMENT HOUSE (5+ UNITS) • 192,808 SF
      3130 Lombardy Ln, Dallas, TX 75220-3311
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      41,914 SF

      Dallas Multifamily Investment Opportunity

      51-Unit Apartment Building, High Occupancy
      9873 Brockbank Dr, Dallas, TX 75220
      View Details
    • $474,900
      0.24 Acres

      Well-Maintained Dallas Duplex For Sale

      Spacious duplex with tenant and vacant unit, private garages.
      9914-9916 Brockbank Dr, Dallas, TX 75220
      View Details
    • $1,450,000
      2.68 Acres

      Prime Dallas Commercial Land

      2.68-acre lot, ideal central location.
      10900 Goodnight Ln, Dallas, TX 75220
      View Details
    • Contact for pricing
      38.76 Acres

      Dallas Industrial Land - 38 Acres

      Prime Dallas location, ideal for development or trailer parking.
      2118 California Crossing Rd, Dallas, TX 75220
      View Details
    • Contact for pricing

      Industrial Property for Sale

      Industrial property available for purchase.
      2535 Manana Dr, Dallas, TX 75220
      View Details
    • $1,999,000

      Industrial Property in Dallas, Texas

      Industrial property available for sale in Dallas, Texas.
      2615 Brenner Dr, Dallas, TX 75220
      View Details

    Similar Nearby for Lease

    • $1,650 /Mo
      1,037 SF

      Updated Condo Near Love Field

      Modern, updated two-story condo with gated access and fenced patio.
      9825 Park Lane Ct, Dallas, TX 75220
      View Details
    • Contact for pricing
      55,000 SF

      Dallas Flex Space - 30,000 SF

      Prime Dallas industrial space; immediate occupancy.
      2828 Nagle St, Dallas, TX 75220
      View Details
    • Contact for pricing
      13,570 SF

      Dallas Retail Space - Northwest Hwy

      Prime Dallas storefront, 1,000 sq ft available.
      2731 Northwest Hwy, Dallas, TX 75220
      View Details
    • Contact for pricing
      78 SF

      Warehouse with I-35 Frontage

      Rear load warehouse building with frontage on I-35.
      10671-10699 N Stemmons Fwy, Dallas, TX 75220
      View Details
    • $6 SF/Yr
      109 SF

      Shell Warehouse with Trailer Storage

      Class A shell warehouse with front and rear loading.
      9749 Clifford Dr, Dallas, TX 75220
      View Details
    • Contact for pricing
      7,250 SF

      Retail Space with I-35 Exposure

      Retail property available for lease or ground lease.
      10310 Lombardy Ln, Dallas, TX 75220
      View Details

    Property Visit Statistics

    • Visits by month
      1.9k
    • Visitors by month
      2.6k
    • Avg Time on site
      23 min
    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.
    3350 Lombardy Ln
    Dallas, TX 75220-3366
    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.