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    3939 Frankford Rd Dallas, TX 75287
    Property profile & analytics

    3939 Frankford Rd Dallas, TX 75287

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    • Commercial real estate
    • 85,599 SF
    Off-Market
    Property ID
    US83-2048320
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • KeyMe Locksmiths / Locksmith / (Bike/Boat/Book/etc) Store
    • Kroger / Grocery & Convenience Store / Food Market
    • SNOWFOX Sushi / Take-out & Catering
    • KrogerDallas0587 / Electronics Vending Machine
    • higi / Physician

    Property Details for 3939 Frankford Rd

    Property size
    85,599 SF
    Property type
    Commercial real estate

    Description

    Midway Market, a thriving retail center in Dallas, Texas, offers exceptional opportunities for businesses seeking prime commercial space. Located at 3939 Frankford Rd, Dallas, TX 75287, this Kroger-anchored development boasts a total of 85,599 square feet of retail space. Currently, there are multiple spaces available, ranging from a minimum of 1,050 square feet to a maximum contiguous space of 3,000 square feet. A total of 9,844 square feet is currently vacant, presenting a unique chance to establish or expand your business in a high-traffic location. The property provides ample parking with 465 spaces available for customers and employees. This strategically positioned center sits at the intersection of Midway and Frankford Roads, ensuring high visibility and accessibility for your business. The property's multiple tenancy structure offers a diverse and vibrant shopping environment, attracting a wide range of customers. This is an excellent opportunity to secure a space in a well-established and successful retail center. Contact us today to learn more about the available spaces and lease terms.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Collin
    State
    Texas
    Longitude
    -96.8460808
    Latitude
    32.9984698

    Comparable in this City

    • Contact for pricing

      Retail Space Anchored by Kroger

      Retail space in a Kroger-anchored shopping center with ample parking.
      3915 Frankford Rd, Dallas, TX 75287
      View Details
    • Contact for pricing
      4,280 SF

      Freestanding Building with Drive-Thru

      Remodeled 4,280 SF building with drive-thru in high-traffic area.
      4567 Frankford Rd, Dallas, TX 75287
      View Details
    • Contact for pricing

      Retail Building for Lease

      4,100 SF retail building available for lease.
      17607 Midway Rd, Dallas, TX 75287
      View Details
    • Contact for pricing

      Retail Space in North Dallas

      Strip center with high visibility at a hard corner.
      19021 Midway Rd, Dallas, TX 75287
      View Details
    • Contact for pricing
      2,763 SF

      Retail Space on Frankford Road

      Retail space available for lease on Frankford Road.
      4727 Frankford Rd, Dallas, TX 75287
      View Details
    • Contact for pricing
      1,095 SF

      Mixed-Use Building in Far North Dallas

      Multi-tenant building suitable for office or retail in Dallas.
      4222 E Trinity Mills Rd, Dallas, TX 75287
      View Details

    Similar Nearby for Sale

    • $6,200,000
      10,964 SF

      Retail Strip Center with Fuel

      Retail strip center with corner fuel station in North Dallas.
      18611-18613 Marsh Ln, Dallas, TX 75287
      View Details
    • Contact for pricing

      Freestanding Daycare Building on Land

      8,000 SF daycare on 1.38 AC corner lot.
      19310 Midway Rd, Dallas, TX 75287
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space Anchored by Kroger

      Retail space in a Kroger-anchored shopping center with ample parking.
      3915 Frankford Rd, Dallas, TX 75287
      View Details
    • Contact for pricing
      4,280 SF

      Freestanding Building with Drive-Thru

      Remodeled 4,280 SF building with drive-thru in high-traffic area.
      4567 Frankford Rd, Dallas, TX 75287
      View Details
    • Contact for pricing

      Retail Building for Lease

      4,100 SF retail building available for lease.
      17607 Midway Rd, Dallas, TX 75287
      View Details
    • Contact for pricing

      Retail Space in North Dallas

      Strip center with high visibility at a hard corner.
      19021 Midway Rd, Dallas, TX 75287
      View Details
    • Contact for pricing
      2,763 SF

      Retail Space on Frankford Road

      Retail space available for lease on Frankford Road.
      4727 Frankford Rd, Dallas, TX 75287
      View Details
    • Contact for pricing
      1,095 SF

      Mixed-Use Building in Far North Dallas

      Multi-tenant building suitable for office or retail in Dallas.
      4222 E Trinity Mills Rd, Dallas, TX 75287
      View Details

    Property Visit Statistics

    • Visits by month
      74.4k
    • Visitors by month
      36.8k
    • Avg Time on site
      22 min
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    3939 Frankford Rd
    Dallas, TX 75287
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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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