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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3601 Pioneer Rd Balch Springs, TX 75180-2471

    • Apartment buildings
    • 85,385 SF
    • 4.17 lot acres
    OFF-MARKET
    Last Sale
    May 27, 2022
    Value Estimations
    $1,230,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2835163
    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

    • Apartment buildings

    Property Details for 3601 Pioneer Rd

    Year built
    1984
    Construction
    FRAME
    Lot size
    4.17 lot acres
    Property size
    85,385 SF
    Zone code
    Z183
    Property type
    Apartment buildings
    APN
    12062500000240000
    APU
    12062500000240000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $955,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,503,000
      Market price range: $714k - $3.29M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $1,590,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Balch Springs
    County
    Dallas
    State
    Texas
    Longitude
    -96.6063
    Latitude
    32.7203
    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
    $186,589
    $726,680
    $6,923,320
    $7,650,000
    -
    $726,680
    $6,923,320
    $7,650,000

    Comparable in this City

    • Value Estimation
      $1,085,000
      37,016 SF

      12222 Quail Dr

      APARTMENT HOUSE (5+ UNITS) • 37,016 SF
      12222 Quail Dr, Balch Springs, TX 75180-2270
      View Details
    • Value Estimation
      $1,290,000
      85,760 SF

      12227 Quail Dr

      APARTMENT HOUSE (5+ UNITS) • 85,760 SF
      12227 Quail Dr, Balch Springs, TX 75180-2273
      View Details
    • Value Estimation
      $1,425,000
      150,207 SF

      11209 Ryliecrest Dr

      APARTMENT HOUSE (5+ UNITS) • 150,207 SF
      11209 Ryliecrest Dr, Balch Springs, TX 75180-3700
      View Details
    • Value Estimation
      $1,400,000
      112,444 SF

      3211 Hickory Tree Rd

      APARTMENT HOUSE (5+ UNITS) • 112,444 SF
      3211 Hickory Tree Rd, Balch Springs, TX 75180-1674
      View Details
    • Value Estimation
      $1,200,000
      117,428 SF

      12226 Quail Dr

      APARTMENT HOUSE (5+ UNITS) • 117,428 SF
      12226 Quail Dr, Balch Springs, TX 75180
      View Details
    • Value Estimation
      $1,430,000
      71,056 SF

      12721 Quail Dr

      APARTMENT HOUSE (5+ UNITS) • 71,056 SF
      12721 Quail Dr, Balch Springs, TX 75180-2377
      View Details

    Similar Nearby for Sale

    • $650,000

      9.68 Acre Tract with Creek

      9.68 acre tract featuring mature trees and creek.
      4105 Hickory Tree Rd, Balch Springs, TX 75180
      View Details
    • $125,000
      0.26 Acres

      Commercial Lot in Active Corridor

      Development-ready commercial lot in Balch Springs, 30 minutes from Dallas.
      2629 Dean St, Balch Springs, TX 75180
      View Details
    • $499,000
      2.69 Acres

      Commercial Land in Growing Area

      2.68-acre commercial land in southeast Dallas, suitable for development.
      2429 Hickory Tree Rd, Balch Springs, TX 75180
      View Details
    • $450,000
      0.23 Acres

      Versatile Warehouse Space Available

      10,000 sq ft warehouse with offices and amenities.
      11512 S Blossom Cir, Balch Springs, TX 75180
      View Details
    • $1,100,000
      7.45 Acres

      Balch Springs Commercial Development Opportunity

      7.453-acre commercial land parcel in Balch Springs, Texas.
      12001 Quail Dr, Balch Springs, TX 75180
      View Details
    • Contact for pricing
      25 SF

      Industrial Property on 4.83 Acres

      25,500 SF industrial property on 4.83 acres available for sale.
      1730 W Bruton Rd, Balch Springs, TX 75180
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,840 SF

      Retail Space Available For Lease

      Retail space available for lease in Balch Springs, Texas.
      12000 Lake June Rd, Balch Springs, TX 75180
      View Details
    • Contact for pricing

      Freeway Development Land For Rent

      60+ acre freeway development with great access.
      3850-4296 S Belt Line Rd, Balch Springs, TX 75180
      View Details
    • $9,000 /Mo
      83,635 SF

      Versatile Commercial Building in Balch Springs

      7,212 SF warehouse and office space with secure storage.
      5303 Buford Jett Ln, Balch Springs, TX 75180
      View Details
    • Contact for pricing
      1,040 SF

      Retail Space in Balch Springs

      Retail spaces available for lease in Balch Springs, Texas.
      12350 Lake June Rd, Balch Springs, TX 75180
      View Details
    • Contact for pricing

      Land For Rent Balch Springs

      Land available for rent in Balch Springs, Texas.
      11808 Lake June Rd, Balch Springs, TX 75180
      View Details
    • Contact for pricing
      2,000 SF

      Retail Space Near Walmart

      Endcap retail space with high visibility near major retailers.
      12209 Lake June Rd, Balch Springs, TX 75180
      View Details
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    3601 Pioneer Rd
    Balch Springs, TX 75180-2471
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    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
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