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

    4015 Lemmon Ave Dallas, TX 75219-3737

    • Strip malls
    • 8,338 SF
    • 0.61 lot acres
    OFF-MARKET
    Value Estimations
    $760,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-0622271
    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

    • ATI Physical Therapy / Medical Clinic
    • Rashmi Anandampillai / Physician
    • ABC Custom Shipping / Shipping Company / Freight Service

    Property Details for 4015 Lemmon Ave

    Year built
    1985
    Construction
    TILT-UP CONCRETE
    Lot size
    0.61 lot acres
    Property size
    8,338 SF
    Zone code
    Z239
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    148927000000
    APU
    148927000000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $510,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,008,000
      Market price range: $279k - $1.01M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $655,000
      Current use
      COMMERCIAL (GENERAL)
      $1,250,000
      Change: +91% Conversion: Easy
      RESTAURANT
      $1,220,000
      Change: +87% Conversion: Difficult
      RETAIL STORES
      $1,025,000
      Change: +57% Conversion: Easy
      AUTO REPAIR, GARAGE
      $970,000
      Change: +49% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $750,000
      Change: +15% Conversion: Difficult
      MEDICAL BUILDING
      $565,000
      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
    -96.8084
    Latitude
    32.8138
    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
    $88,349
    $2,262,280
    $1,587,720
    $3,850,000
    -
    $2,262,280
    $1,587,720
    $3,850,000

    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

    • Contact for pricing
      4,926 SF

      Freestanding Building Near I-635

      Freestanding building, formerly a restaurant, with freeway visibility.
      10601 New Church Rd, Dallas, TX 75219
      View Details
    • $299,000

      Turtle Creek High-Rise Condo

      High-rise condo in Turtle Creek with premier building amenities.
      3225 Turtle Creek Blvd, Dallas, TX 75219
      View Details
    • $379,000
      712 SF

      Condo with Dallas Views

      One-bedroom condo with amenities near Katy Trail and Turtle Creek.
      3225 Turtle Creek Blvd, Dallas, TX 75219
      View Details
    • Contact for pricing

      Land For Sale Dallas

      Land available for sale at 4021 N Hall St, Dallas, TX.
      4021 N Hall St, Dallas, TX 75219
      View Details
    • $170,000
      774 SF

      Turtle Creek High-Rise Condo

      Modern 1-bedroom condo in prime Turtle Creek location.
      3883 Turtle Creek Blvd, Dallas, TX 75219
      View Details
    • $575,000

      North Oak Lawn Home

      Prime location near shopping, restaurants, and nightlife.
      4315 Holland Ave, Dallas, TX 75219
      View Details

    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.
      6243 Retail Rd, 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
      View Details
    • Contact for pricing
      25,581 SF

      Wycliff Shopping Center: Dallas Retail Space

      Prime Dallas retail space, 3,750 sq ft available.
      2525 Wycliff Ave, Dallas, TX 75219
      View Details
    • Contact for pricing
      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
    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.
    4015 Lemmon Ave
    Dallas, TX 75219-3737
    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.