Add Listing
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

    3407 Mckinney Ave Dallas, TX 75204

    • Commercial real estate
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-0134236
    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

    • SFTD Limited / Food Processing Plant
    • 401EST / Nail Salon
    • Bowery Image LLC / Image Consultant
    • Baldwin Co / General Contractor

    Property Details for 3407 Mckinney Ave

    Property type
    Commercial real estate

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.7987065
    Latitude
    32.80533731

    Comparable in this City

    • Contact for pricing
      15,874 SF

      Uptown Dallas Executive Office Space

      Prime Uptown Dallas location, flexible suites available.
      2626 Howell St, Dallas, TX 75204
      View Details
    • Contact for pricing
      3,163 SF

      Ross Avenue Retail Opportunity

      Prime location in Old East Dallas with high visibility.
      3516 Ross Ave, Dallas, TX 75204
      View Details
    • Contact for pricing
      5,200 SF

      Uptown Dallas Restaurant Opportunity

      Rare standalone restaurant space in vibrant Uptown Dallas for rent.
      2621 Mckinney Ave, Dallas, TX 75204
      View Details
    • Contact for pricing
      2,538 SF

      Restaurant Opportunities in Uptown Dallas

      Prime restaurant spaces for lease in Dallas's vibrant Uptown district.
      2614 Mckinney Ave, Dallas, TX 75204
      View Details
    • Contact for pricing
      4,765 SF

      Ross Ave Drive-Thru Pad Site

      ±0.44-acre Dallas restaurant land, high visibility.
      0 Prairie Ave, Dallas, TX 75204
      View Details
    • Contact for pricing
      3,782 SF

      Remodeled Retail Space with Patio

      Upscale retail space in the heart of Uptown Dallas.
      2822 Mckinney Ave, Dallas, TX 75204
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      20,000 SF

      Prime Dallas Retail Space

      20,000 SF Retail Opportunity in Dallas
      1900-1912 Hall St, Dallas, TX 75204
      View Details
    • Contact for pricing
      3,032 SF

      East Dallas Retail Opportunity

      3,032 SF retail property in the heart of East Dallas.
      4312 Live Oak St, Dallas, TX 75204
      View Details
    • Contact for pricing
      6,656 SF

      Versatile Commercial Building Near Deep Ellum

      6,656 SF building near Deep Ellum, suitable for various uses.
      1801 S Good Latimer Expy, Dallas, TX 75204
      View Details
    • $3,095,000
      9,180 SF

      Dallas Townhome Building with Skyline Views

      Exclusive 5-unit townhome building in the heart of Dallas.
      2202 N Carroll Ave, Dallas, TX 75204
      View Details
    • New
      $1,799,991
      6,296 SF

      Income-Producing Contemporary Dallas Duplex

      Contemporary duplex in Dallas, ideal for income generation.
      2009/2011 N Prairie Ave, Dallas, TX 75204
      View Details
    • $1,995,000

      Premium Location Duplex Near Downtown

      Fully operational, licensed short term rental asset with high occupancy.
      4305 Roseland Ave, Dallas, TX 75204
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,163 SF

      Ross Avenue Retail Opportunity

      Prime location in Old East Dallas with high visibility.
      3516 Ross Ave, Dallas, TX 75204
      View Details
    • Contact for pricing
      15,874 SF

      Uptown Dallas Executive Office Space

      Prime Uptown Dallas location, flexible suites available.
      2626 Howell St, Dallas, TX 75204
      View Details
    • Contact for pricing
      1,956 SF

      Retail or Restaurant Space Available

      Retail or restaurant space with fenced parking in Dallas.
      707 Liberty St, Dallas, TX 75204
      View Details
    • Contact for pricing
      3,887 SF

      Restaurant Opportunities in Uptown Dallas

      Prime restaurant spaces for lease in Dallas' bustling Uptown.
      2602 Mckinney Ave, Dallas, TX 75204
      View Details
    • Contact for pricing
      4,765 SF

      Ross Ave Drive-Thru Pad Site

      ±0.44-acre Dallas restaurant land, high visibility.
      0 Prairie Ave, Dallas, TX 75204
      View Details
    • Contact for pricing
      2,538 SF

      Restaurant Opportunities in Uptown Dallas

      Prime restaurant spaces for lease in Dallas's vibrant Uptown district.
      2614 Mckinney Ave, Dallas, TX 75204
      View Details
    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.
    3407 Mckinney Ave
    Dallas, TX 75204
    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.
    Sign Up Successful!
    You now have access to more from Realmo!