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Property profile

3510 Ross Ave Dallas, TX 75204

Retail space
Property ID
US82-2715455
View Sample
7,148 SF 0.47 ac lot Built 1947
Entity Owned 6-yr Hold Absentee Owner ~ Est. High Equity

Property summary

AI-generated overview

This exceptional 2,549-square-foot commercial property at 3510 Ross Avenue in Dallas, Texas, presents a unique investment opportunity. Situated in a high-income, densely populated neighborhood, this single-tenant building offers versatile space ideal for a variety of uses, including retail, office, restaurant, medical, or dental practices. The property's prime location offers unparalleled access to a thriving urban environment. Just three blocks away lies the vibrant Arts District, the major Baylor Medical Center (a 1,025-bed facility employing over 6,100), and the heart of Downtown Dallas. The building benefits from prominent frontage along Ross Avenue, a highly desirable location. Furthermore, the property enjoys close proximity to over 1,000 newly constructed Class-A apartment units, ensuring a robust customer base and high foot traffic. This makes it an excellent choice for businesses seeking high visibility and accessibility within a dynamic and affluent community. The 75204 zip code further underscores the desirability and potential for strong returns on investment. This property offers a rare chance to establish a presence in one of Dallas's most sought-after commercial areas. The building's single-tenant configuration provides flexibility and control, making it an attractive option for both established businesses and new ventures.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1947
Construction TILT-UP CONCRETE
Total area 7,148 SF
Lot 0.47 ac (20,369 SF)
Zoning code Z239
APN 112213000000
UPID US82-2715455

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
  • Restaurant
  • Crypto Atm Atm
  • (Bike/Boat/Book/etc) Store
  • Restaurant
  • Restaurant

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$590k
CAP Approach CAP
by Request
Comparable Approach Comparable
$523k
Blend (final) Blend
$590k

Owner & transaction history

since 2019
7 recorded transactions
2019
Price N/A
2019
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

Z239 · Dallas, TX
Top alternative use upside
Auto repair, garage $835,000 +0.8%

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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