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

    3607 Oak Lawn Ave Dallas, TX 75219

    • Strip malls
    • 19,955 SF
    • 0.77 lot acres
    For Lease
    View listing
    Value Estimations
    $1,175,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-0411529
    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

    • Rachel Boram Park, M.D. / Physician
    • U.S. Dermatology Partners Dallas Uptown / Physician / Medical Clinic
    • Breck Thrash, MD / Physician / Medical Clinic
    • RENA DELL SALYER / Physician
    • Ja-Lynn Kuo / Physician

    Property Details for 3607 Oak Lawn Ave

    Year built
    1985
    Construction
    TILT-UP CONCRETE
    Lot size
    0.77 lot acres
    Property size
    19,955 SF
    Zone code
    Z239
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    160363000000
    APU
    160363000000

    Description

    This exceptional Dallas retail property, located at 3607 Oak Lawn Ave, offers 20,000 square feet of versatile space, ideal for medical tenants. The building features two available spaces: a first-floor unit totaling approximately 7,916 square feet, previously used as an emergency room, and a second-floor unit of approximately 922 usable square feet (1,105 rentable square feet), formerly a medical spa. The minimum divisible space is 922 square feet, with a maximum contiguous space of 7,916 square feet. Currently, 8,838 square feet are vacant. Situated at the northwest corner of Oak Lawn Ave and Bowser Ave, this location boasts excellent visibility and ample parking. Its prime location in the heart of Oak Lawn provides easy access to Uptown, the Design District, the City Center District, and the Medical District, ensuring high traffic and visibility. This property presents a unique opportunity for medical professionals seeking a well-positioned, adaptable space in a thriving Dallas neighborhood. The zip code is 75219. Contact us for pricing and further details.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $810,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,545,000
      Market price range: $667k - $2.41M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,565,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $1,795,000
      Change: +15% Conversion: Difficult
      MEDICAL BUILDING
      $1,355,000
      Change: -13% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.8048
    Latitude
    32.8132
    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
    $128,870
    $2,856,000
    $2,759,770
    $5,615,770
    -
    $2,856,000
    $2,759,770
    $5,615,770

    Comparable in this City

    • Value Estimation
      $1,290,000
      20,521 SF

      2425 Victory Park Ln

      SHOPPING CENTER, STRIP CENTER • 20,521 SF
      2425 Victory Park Ln, Dallas, TX 75219-7645
      View Details
    • Value Estimation by Request
      2,970 SF

      4001 Cedar Spgs Rd, Unit 2

      SHOPPING CENTER, STRIP CENTER • 2,970 SF
      4001 Cedar Spgs Rd, Dallas, TX 75219-3538
      View Details
    • Value Estimation by Request
      3,750 SF

      4022 Oak Lawn Ave

      SHOPPING CENTER, STRIP CENTER • 3,750 SF
      4022 Oak Lawn Ave, Dallas, TX 75219-3134
      View Details
    • Value Estimation by Request
      5,000 SF

      4416 Lemmon Ave

      SHOPPING CENTER, STRIP CENTER • 5,000 SF
      4416 Lemmon Ave, Dallas, TX 75219-2142
      View Details
    • Value Estimation
      $700,000
      4,680 SF

      4501 Maple Ave

      SHOPPING CENTER, STRIP CENTER • 4,680 SF
      4501 Maple Ave, Dallas, TX 75219-1830
      View Details
    • Value Estimation by Request
      1,227 SF

      3400 Oak Lawn Ave

      SHOPPING CENTER, STRIP CENTER • 1,227 SF
      3400 Oak Lawn Ave, Dallas, TX 75219-4214
      View Details

    Similar Nearby for Sale

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      Architectural Portfolio with Skyline Views

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      Turtle Creek High-Rise Condo

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    Similar Nearby for Lease

    • Contact for pricing
      48,695 SF

      Dallas Retail Pad - Oak Lawn Ave

      High-traffic retail pad, 38,220 SF available.
      2733 Oak Lawn Ave, Dallas, TX 75219
      View Details
    • Contact for pricing
      2,644 SF

      Established Retail Center in Dallas

      Neighborhood retail center serving Highland Park and Park Cities communities.
      4212 Oak Lawn Ave, Dallas, TX 75219
      View Details
    • Contact for pricing
      4,026 SF

      Retail Space in Timber Creek

      Retail space available in a large shopping center.
      6176 Retail Rd, Dallas, TX 75219
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      4,026 SF

      Retail Space in Timber Creek

      Retail space available in a large shopping center.
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      25,581 SF

      Wycliff Shopping Center: Dallas Retail Space

      Prime Dallas retail space, 3,750 sq ft available.
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      3,550 SF

      Retail Space in Turtle Creek

      Retail space for lease in Turtle Creek/Oak Lawn area.
      2920-2924 Oak Lawn Ave, Dallas, TX 75219
      View Details
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    Dallas, TX 75219
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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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