Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    400 Lancaster Ave Dallas, TX 75203-1729

    • Commercial land
    • 0.15 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3616828
    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

    • Commercial land

    Property Details for 400 Lancaster Ave

    Lot size
    0.15 lot acres
    Zone code
    Z239
    Property type
    Commercial land
    APN
    250498000000
    APU
    250498000000

    Description

    This exceptional 13,250 square foot shopping center is ideally situated at 400 & 404 N. Lancaster Ave. in Dallas, Texas, zip code 75203. Located in the vibrant Bishop Arts District of North Oak Cliff, this property benefits from its proximity to over 60 boutiques, restaurants, bars, coffee shops, theaters, and art galleries, creating a thriving retail environment. Just five minutes from downtown Dallas, this location offers unparalleled access to a large customer base. The property's zoning is designated PD 468 WMU - 8. The Bishop Arts District is known for its unique, independently-owned businesses and its lively weekend atmosphere, attracting significant foot traffic and creating a vibrant community hub. This presents a compelling investment opportunity for those seeking a well-positioned retail property in one of Dallas's most desirable and rapidly growing neighborhoods. The property's size and location make it suitable for a variety of retail uses, offering significant potential for growth and return on investment. This is a rare chance to acquire a prime retail space in a highly sought-after area of Dallas. The address is 400 & 404 N. Lancaster Ave., Dallas County, Texas.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.8138
    Latitude
    32.753
    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
    $3,801
    $165,630
    $0.00
    $165,630
    -
    $165,630
    $0.00
    $165,630

    Comparable in this City

    • Value Estimation by Request
      3.49 Acres

      3443 Cedar Crst Blvd

      VACANT COMMERCIAL LAND • 3.49 Acres
      3443 Cedar Crst Blvd, Dallas, TX 75203-2109
      View Details
    • Value Estimation by Request
      0.74 Acres

      2636 Cedar Crst Blvd

      VACANT COMMERCIAL LAND • 0.74 Acres
      2636 Cedar Crst Blvd, Dallas, TX 75203-4155
      View Details
    • Value Estimation by Request
      0.39 Acres

      3214 Cedar Crst Blvd

      VACANT COMMERCIAL LAND • 0.39 Acres
      3214 Cedar Crst Blvd, Dallas, TX 75203-2106
      View Details
    • Value Estimation by Request
      0.29 Acres

      816 Millard St

      VACANT COMMERCIAL LAND • 0.29 Acres
      816 Millard St, Dallas, TX 75203-1530
      View Details
    • Value Estimation by Request
      0.07 Acres

      313 Pecan Dr

      VACANT COMMERCIAL LAND • 0.07 Acres
      313 Pecan Dr, Dallas, TX 75203
      View Details
    • Value Estimation by Request
      0.08 Acres

      323 Pecan Dr

      VACANT COMMERCIAL LAND • 0.08 Acres
      323 Pecan Dr, Dallas, TX 75203
      View Details

    Similar Nearby for Sale

    • $150,000

      Vacant Land Near Dallas Zoo

      Vacant lot near Dallas Zoo and proposed Southern Gateway project.
      1027 Church St, Dallas, TX 75203
      View Details
    • $65,000
      0.11 Acres

      Commercially Zoned Lot in Dallas

      High-visibility commercial land in revitalizing Southern Dallas near major traffic drivers.
      2223 Gallatin St, Dallas, TX 75203
      View Details
    • $120,000
      0.26 Acres

      Unimproved Land in Dallas, TX

      Large lot with easy access and new builds nearby.
      503 Tama St, Dallas, TX 75203
      View Details
    • $149,900
      0.20 Acres

      Dallas Land Opportunity

      Land in a rapidly developing Dallas neighborhood, utilities nearby.
      840 Cumberland St, Dallas, TX 75203
      View Details
    • $64,900
      0.19 Acres

      Dallas Land Ready For Development

      Five level lots in up-and-coming Dallas sector, ready for development.
      218 Cliff St, Dallas, TX 75203
      View Details
    • Contact for pricing

      Land Near Bishop Arts

      Commercial land for sale near Bishop Arts and Southern Gateway.
      225 E 12Th St, Dallas, TX 75203
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      16,472 SF

      Bishop Arts District Pad Site

      Prime Retail Land, 0.38 Acres
      423 Beckley Ave, Dallas, TX 75203
      View Details
    • Contact for pricing
      5,045 SF

      Medical Office in Bishop Arts

      Standalone medical office opportunity in Dallas' vibrant Bishop Arts District.
      129 W 9Th St, Dallas, TX 75203
      View Details
    • Contact for pricing
      906 SF

      Retail Space Near Bishop Arts

      Retail space for lease in high-growth Dallas corridor.
      520 W Jefferson Blvd, Dallas, TX 75203
      View Details
    • $1,200 /Mo
      11,774 SF

      Professional Office Suite in Dallas

      Turn-key office space with utilities included and convenient access.
      739 S R. L. Thornton, Dallas, TX 75203
      View Details
    • Contact for pricing
      1,223 SF

      Retail Space Near Bishop Arts

      Ground-floor retail space near Bishop Arts District and Dallas Streetcar.
      196-233 W Davis St, Dallas, TX 75203
      View Details
    • Contact for pricing
      795 SF

      Move-in Ready Retail/Office Space

      Retail and creative office space available near Bishop Arts District.
      336-340 W Jefferson Blvd, Dallas, TX 75203
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    400 Lancaster Ave
    Dallas, TX 75203-1729
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.