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    4015 Main St Dallas, TX 75226-1231
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    Property profile & analytics

    4015 Main St, Dallas, TX 75226-1231

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    • Office buildings
    • 10,000 SF
    • 0.18 lot acres
    Off-Market
    Last Sale Apr 13, 2020
    Property ID
    US82-3294044
    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
    $525,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • FedEx Drop Box / Postal Service / Courier Service
    • C. Kyle Pugh P.C. / Law Firm
    • DotExamDr / Association / Organization
    • David Finn / Law Firm

    Property Details for 4015 Main St

    Year built
    1940
    Construction
    TILT-UP CONCRETE
    Lot size
    0.18 lot acres
    Zone code
    Z115
    Property type
    Office buildings
    APN
    128638000000
    APU
    128638000000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 19, 2022 — Cunningham Swaim Real Estate LLC — Deed · related $366k · Dallas Capital Bank NA
    Apr 26, 2021 — Cunningham Swaim Real Estate LLC — Deed · related —
    Apr 13, 2020 — Cunningham Swaim R & E LLC Main Ferris Wheel LLC Grant Deed · related —
    Jan 25, 2019 — Main Ferris Wheel LLC Sandy Mccoroqodale Venders Lien —
    Apr 24, 2013 — Sandy Mccorquodale PC Chandler Real Estate INC Warranty Deed $400k · Compass Bank
    — — Chandler Real Estate INC — Deed Of Trust · related $300k · Southern Dallas Dev Corp
    — — Dallas Stage Right INC — Deed Of Trust · related $220k · Compass Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $345,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $704,000
      Market price range: $422k - $1.24M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $800,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $760,000
      Change: -5% Conversion: Difficult
      MEDICAL BUILDING
      $680,000
      Change: -15% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.7715
    Latitude
    32.7884
    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
    $25,496
    $157,500
    $953,550
    $1,111,050
    -
    $157,500
    $953,550
    $1,111,050

    Comparable in this City

    • Value Estimation
      $1,165,000
      23,726 SF

      4011 Commerce St

      OFFICE BUILDING
      4011 Commerce St, Dallas, TX 75226-1712
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    • Value Estimation
      $1,280,000
      26,000 SF

      3720 Canton St

      OFFICE BUILDING
      3720 Canton St, Dallas, TX 75226-3435
      View Details
    • Value Estimation by Request
      7,414 SF

      3004 Canton St

      OFFICE BUILDING
      3004 Canton St, Dallas, TX 75226-1605
      View Details
    • Value Estimation
      $685,000
      11,150 SF

      3800 Main St

      OFFICE BUILDING
      3800 Main St, Dallas, TX 75226-1292
      View Details
    • Value Estimation by Request
      5,900 SF

      2917 Canton St

      OFFICE BUILDING
      2917 Canton St, Dallas, TX 75226-1604
      View Details
    • Value Estimation by Request
      2,400 SF

      2919 Canton St

      OFFICE BUILDING
      2919 Canton St, Dallas, TX 75226-1604
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Office Building For Sale

      Office building available for purchase in Dallas, Texas.
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      6,656 SF

      Versatile Commercial Building Near Deep Ellum

      6,656 SF building near Deep Ellum, suitable for various uses.
      1801 S Good Latimer Expy, Dallas, TX 75226
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    • $599,000
      0.19 Acres

      Fully Renovated Duplex with Parking

      Renovated duplex with independent units, parking, and flexible live-or-work potential in a high-attention Dallas area.
      4216 E Side Ave, Dallas, TX 75226
      View Details
    • New
      $2,200,000
      0.15 Acres

      Retail Showroom with Full Storefronts

      Character-rich retail or creative space with exposed brick, wood-decked ceilings, full storefront windows, and loading access.
      3004 Commerce St, Dallas, TX 75226
      View Details
    • Contact for pricing
      12,369 SF

      Multifamily Development in Deep Ellum

      190-unit multifamily development with coworking space and downtown views.
      3009 Canton St, Dallas, TX 75226
      View Details
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      32,000 SF

      Refrigerated Distribution Warehouse with Docks

      Climate-controlled refrigerated rooms and multiple loading docks support produce, food service, and wholesale distribution operations.
      510 S Good Latimer Expy, Dallas, TX 75226
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      24,000 SF

      Office Building in Dallas, TX

      Office building offering 12,000 to 24,000 square feet for rent.
      2900 Canton St, Dallas, TX 75226
      View Details
    • $18 SF/Yr
      15,422 SF

      Dallas Office Space For Rent

      Office building with 15,422 square feet available for lease.
      3900 Willow St, Dallas, TX 75226
      View Details
    • Contact for pricing
      29,800 SF

      Proposed Office Development in Dallas

      Proposed 13-story office building with large floorplates in Deep Ellum.
      301 N Crowdus St, Dallas, TX 75226
      View Details
    • Contact for pricing
      5,013 SF

      Elm St Office Space Available

      Office space for lease in Dallas, Texas.
      2554 Elm St, Dallas, TX 75226
      View Details
    • Contact for pricing
      3,714 SF

      Deep Ellum Freestanding Building

      Retail, office, and showroom space in Deep Ellum.
      3209 Canton St, Dallas, TX 75226
      View Details
    • Contact for pricing

      Office Space with Shared Amenities

      Office space featuring shared conference rooms, coffee bar, and restaurants.
      3309 Elm St, Dallas, TX 75226
      View Details
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    4015 Main St
    Dallas, TX 75226-1231
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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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