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    Property profile & analytics

    3616 Sunnyvale St Dallas, TX 75216

    • Car washes
    • 1,500 SF
    • 0.26 lot acres
    For Lease
    View listing
    $1.00 SF/Yr
    Last Sale
    Oct 26, 2021
    Value Estimations
    $230,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-1503215
    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

    • Osman Detail Shop / Car Detailing Service
    • Sunnyvale Auto Sales LLC / Auto Broker
    • New Wave Detail & Inspections / Car Inspection Station

    Property Details for 3616 Sunnyvale St

    Year built
    1965
    Construction
    TILT-UP CONCRETE
    Lot size
    0.26 lot acres
    Property size
    1,500 SF
    Zone code
    Z59
    Property type
    Car washes
    APN
    506473000000
    APU
    506473000000

    Description

    This exceptional investment opportunity presents a thriving car wash business located at 3616 Sunnyvale Street in Dallas, Texas. The property boasts a substantial 1,500 square feet of building space situated on a sizable 0.26-acre lot, providing ample room for operations and potential expansion. The current setup is ideal for continued success, offering a turnkey operation ready for a new owner to step in and manage. The asking price for this established business is $325,000, representing a strong return on investment in a high-traffic area of Dallas. The property's location offers excellent visibility and accessibility, ensuring a consistent flow of customers. Detailed financial records are available upon request, providing potential buyers with a comprehensive understanding of the business's performance and profitability. This is a rare chance to acquire a well-established, profitable car wash business in a desirable Dallas location. The property is zoned for commercial use and is in excellent condition, requiring minimal investment for immediate operation. Serious inquiries only. All information is deemed reliable but not guaranteed. Buyers are advised to conduct their own due diligence.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $230,000

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $175,000
      Current use
      COMMERCIAL (GENERAL)
      $325,000
      Change: +86% Conversion: Moderate
      OFFICE BUILDING
      $265,000
      Change: +50% Conversion: Difficult
      RETAIL STORES
      $185,000
      Change: +5% Conversion: Difficult
      WAREHOUSE, STORAGE
      $140,000
      Change: -19% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.7835
    Latitude
    32.7112
    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
    $1,978
    $55,690
    $30,520
    $86,210
    -
    $55,690
    $30,520
    $86,210

    Comparable in this City

    • Value Estimation
      $230,000
      1,584 SF

      1801 Ewing Ave

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      1801 Ewing Ave, Dallas, TX 75216-2013
      View Details
    • Value Estimation
      $275,000
      1,600 SF

      1538 Ewing Ave

      CAR WASH • 1,600 SF
      1538 Ewing Ave, Dallas, TX 75216-1512
      View Details
    • Value Estimation
      $195,000
      2,354 SF

      3018 Overton Rd

      CAR WASH • 2,354 SF
      3018 Overton Rd, Dallas, TX 75216-4756
      View Details
    • Value Estimation
      $295,000
      1,680 SF

      3803 Lancaster Rd

      CAR WASH • 1,680 SF
      3803 Lancaster Rd, Dallas, TX 75216-5632
      View Details
    • Value Estimation
      $285,000
      2,200 SF

      727 Ann Arbor Ave

      CAR WASH • 2,200 SF
      727 Ann Arbor Ave, Dallas, TX 75216-6702
      View Details
    • Value Estimation
      $230,000
      2,902 SF

      3110 Ledbetter Dr

      CAR WASH • 2,902 SF
      3110 Ledbetter Dr, Dallas, TX 75216-7728
      View Details

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    • $325,000
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      Dallas Car Wash - Prime Location

      Profitable Car Wash Business, 0.26 Acres
      3616 Sunnyvale St, Dallas, TX 75216
      View Details

    Similar Nearby for Lease

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      Retail space available across from VA North Texas Healthcare System.
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      Retail space available for lease in Dallas, Texas.
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      Retail & Office Spaces Available

      Retail and office spaces for lease near Downtown Dallas.
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      View Details
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    Dallas, TX 75216
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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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