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    3707 Lemmon Ave Dallas, TX 75219-4332
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    3707 Lemmon Ave Dallas, TX 75219-4332

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    • Retail space
    • 21,166 SF
    • 0.98 lot acres
    Off-Market
    Property ID
    US82-6427345
    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.
    Value Estimations
    $3,410,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Sub-Zero, Wolf, and Cove Showroom / Home Appliance Store / Hardware & Home Improvement

    Property Details for 3707 Lemmon Ave

    Year built
    1950
    Construction
    TILT-UP CONCRETE
    Lot size
    0.98 lot acres
    Property size
    21,166 SF
    Zone code
    Z239
    Property type
    Retail space
    APN
    001040000V10A0000
    APU
    001040000V10A0000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $3,818,000
      Market price range: $1.17M - $3.82M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $2,600,000
      Current use
      COMMERCIAL (GENERAL)
      $3,170,000
      Change: +22% Conversion: Easy
      RESTAURANT
      $3,095,000
      Change: +19% Conversion: Easy
      AUTO REPAIR, GARAGE
      $2,470,000
      Change: -5% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.8052
    Latitude
    32.811
    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
    $265,594
    $3,617,430
    $7,956,390
    $11,573,820
    -
    $3,617,430
    $7,956,390
    $11,573,820

    Comparable in this City

    • Value Estimation by Request
      2,429 SF

      4401 Lemmon Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,429 SF
      4401 Lemmon Ave, Dallas, TX 75219-2143
      View Details
    • Value Estimation
      $790,000
      11,070 SF

      3316 Oak Lawn Ave

      RETAIL STORES (PERSONAL SERVICES) • 11,070 SF
      3316 Oak Lawn Ave, Dallas, TX 75219-4212
      View Details
    • Value Estimation
      $1,525,000
      10,830 SF

      3905 Oak Lawn Ave

      RETAIL STORES (PERSONAL SERVICES) • 10,830 SF
      3905 Oak Lawn Ave, Dallas, TX 75219-4616
      View Details
    • Value Estimation
      $720,000
      8,400 SF

      4711 Maple Ave

      RETAIL STORES (PERSONAL SERVICES) • 8,400 SF
      4711 Maple Ave, Dallas, TX 75219-1004
      View Details
    • Value Estimation by Request
      3,750 SF

      4238 Maple Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,750 SF
      4238 Maple Ave, Dallas, TX 75219-2403
      View Details
    • Value Estimation
      $500,000
      7,400 SF

      3900 Oak Lawn Ave

      RETAIL STORES (PERSONAL SERVICES) • 7,400 SF
      3900 Oak Lawn Ave, Dallas, TX 75219-4606
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,176 SF

      Retail Space in High-Traffic Corridor

      Retail spaces available in a renovated, high-traffic Dallas location.
      3102-3201 Oak Lawn Ave, Dallas, TX 75219
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    • $2,550,000
      4,686 SF

      Retail Space in Dallas Medical District

      Retail space for rent in a prime Dallas location.
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      4,926 SF

      Freestanding Building Near I-635

      Freestanding building, formerly a restaurant, with freeway visibility.
      10601 New Church Rd, Dallas, TX 75219
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    • $13,000,000
      0.90 Acres

      Rare Architectural Portfolio on Acre

      One-acre urban compound with architectural prestige and unmatched versatility.
      3508 Gillespie St, Dallas, TX 75219
      View Details
    • $549,900
      0.17 Acres

      Cleared Lot in Prime Location

      Cleared lot suitable for duplex construction in a thriving location.
      2410 Vagas St, Dallas, TX 75219
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    • $369,000
      0.12 Acres

      Dallas Development Lot For Sale

      Premium development lot in prime Dallas location near key amenities.
      4610 Lake Ave, Dallas, TX 75219
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    Similar Nearby for Lease

    • Contact for pricing
      2,170 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
    • Contact for pricing
      1,164 SF

      Retail Space in Victory Park

      Retail space available in the vibrant Victory Park neighborhood.
      2440 Victory Park Ln, Dallas, TX 75219
      View Details
    • Contact for pricing
      1,500 SF

      Retail/Medical Space on Maple Ave

      Retail or medical space in prime medical district location.
      4732 Maple 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.
      6243 Retail Rd, Dallas, TX 75219
      View Details
    • Contact for pricing
      1,365 SF

      Retail Space in Oak Lawn

      1,365 SF retail space with grease trap and parking.
      2929 Oak Lawn Ave, Dallas, TX 75219
      View Details
    • Contact for pricing
      20,102 SF

      Retail Space in Victory Park

      Retail space available in the vibrant Victory Park neighborhood.
      2345 N Houston St, Dallas, TX 75219
      View Details

    Property Visit Statistics

    • Visits by month
      2.0k
    • Visitors by month
      1.6k
    • Avg Time on site
      16 min
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    Dallas, TX 75219-4332
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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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