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Property profile & analytics
FOR SALE
Commercial real estate

3519 Miles St Dallas, TX 75209

3,449 SF 0.16 ac lot Built 1948
Individually Owned 20-yr Hold Absentee Owner Free & Clear
Property ID
US83-3962279
Property summary
AI-generated overview

This exceptional Dallas office building, totaling 3,500 square feet, presents a rare investment opportunity in the highly desirable Oak Lawn area. Situated on a 6,815 square foot lot at 3519 Miles St, Dallas, TX 75209, this property boasts two units within two single-story buildings constructed in 1948 and renovated in 2008 and 2010. The property benefits from a coveted location near the intersection of Lemmon Ave and Inwood Rd, a major business corridor with extremely low commercial vacancy. Its proximity to the Park Cities, Dallas Love Field Airport, and the Medical District ensures high visibility and access to a strong demographic. The area features high traffic counts, with approximately 38,190 vehicles daily on Lemmon Ave, and a population of approximately 157,076 within a 3-mile radius, boasting an average household income exceeding double the national average. Nearby amenities include Lowe's, Bank of America, Starbucks, CVS Pharmacy, and several luxury car dealerships. The property is zoned PD 193 and features convenient access to major thoroughfares, including the Dallas North Tollway. Adjacent to new housing developments, this infill location offers exceptional potential for growth and return on investment. The property's net rentable area is 3,500 square feet. This is a unique opportunity to acquire a well-located, income-producing asset in a thriving Dallas neighborhood.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1948
Construction FRAME
Total area 3,449 SF
Lot 0.16 ac (6,815 SF)
Zoning code Z239
APN 217306000000
UPID US83-3962279
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Mitchell & Mark PC Law Firm
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
3317 Ltd · 20 yrs held
3317 Ltd
since 2006
4 recorded transactions
2006
Price N/A
2006
Price N/A
2002
Price N/A
2000
Price N/A
Zoning & alternative use
Z239 · Dallas, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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