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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4300 Parry Ave Dallas, TX 75223-2758

    • Retail space
    • 1,818 SF
    • 0.17 lot acres
    OFF-MARKET
    Value Estimations
    $350,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2232965
    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

    • Crab Baby / Restaurant
    • Parry Avenue Barbecue Company / Barbecue Restaurant

    Property Details for 4300 Parry Ave

    Year built
    1946
    Construction
    TILT-UP CONCRETE
    Lot size
    0.17 lot acres
    Property size
    1,818 SF
    Zone code
    Z46
    Property type
    Retail space
    APN
    146572000000
    APU
    146572000000

    Description

    This 0.5-acre commercial lot in Dallas, Texas (75223), zoned Commercial Services (CS), presents a unique redevelopment opportunity. The property includes two existing buildings totaling approximately 2,700 square feet, constructed in 1946 and 1961, connected by a carport. An additional 6,700 square feet of vacant land is situated across an alley, offering expansion potential. The site's 15,100 square feet of contiguous space is ideal for various commercial uses, including retail, restaurants, and office spaces, as permitted under the current zoning code. The property benefits from the ongoing revitalization of the Fair Park neighborhood, attracting significant multifamily development, and creating a strong demand for supporting retail and service businesses. This location offers excellent visibility and accessibility, making it an attractive investment for developers and entrepreneurs seeking to capitalize on the area's growth. The property's address is 4300 Parry Ave, Dallas, TX 75223. Further details on permitted uses and zoning regulations are available through the City of Dallas.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $280,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $490,000
      6.5%
      $450,000
      7%
      $420,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $339,000
      Market price range: $146k - $340k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $220,000
      Current use
      COMMERCIAL (GENERAL)
      $460,000
      Change: +109% Conversion: Easy
      AUTO REPAIR, GARAGE
      $210,000
      Change: -3% Conversion: Difficult
      WAREHOUSE, STORAGE
      $185,000
      Change: -15% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.7632
    Latitude
    32.7855
    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
    $10,136
    $76,000
    $365,710
    $441,710
    -
    $76,000
    $365,710
    $441,710

    Comparable in this City

    • Value Estimation
      $315,000
      1,250 SF

      820 Carroll Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,250 SF
      820 Carroll Ave, Dallas, TX 75223-2726
      View Details
    • Value Estimation
      $395,000
      1,728 SF

      4806 Dolphin Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,728 SF
      4806 Dolphin Rd, Dallas, TX 75223-3520
      View Details
    • Value Estimation by Request
      4,740 SF

      5438 Grand Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,740 SF
      5438 Grand Ave, Dallas, TX 75223-1915
      View Details
    • Value Estimation
      $295,000
      3,732 SF

      402 Fitzhugh Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,732 SF
      402 Fitzhugh Ave, Dallas, TX 75223-2118
      View Details
    • Value Estimation
      $245,000
      2,400 SF

      3533 Merrifield Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,400 SF
      3533 Merrifield Ave, Dallas, TX 75223-1917
      View Details
    • Value Estimation
      $245,000
      2,505 SF

      901 Peak St

      RETAIL STORES (PERSONAL SERVICES) • 2,505 SF
      901 Peak St, Dallas, TX 75223-2849
      View Details

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      Commercial Corner Lot Opportunity

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    Similar Nearby for Lease

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      5,148 SF

      Freestanding Building for Lease

      5,148 sqft freestanding building suitable for retail, bar, or medical.
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      Retail Space with I-30 Frontage

      Retail space with excellent visibility and easy highway access.
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      Henderson Avenue Retail Space Available

      Retail space available on Henderson Avenue in Dallas, Texas.
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      Retail Space in Knox/Henderson District

      Retail space with high visibility in a vibrant location.
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      East Dallas Retail/Restaurant Space

      Retail or restaurant space with high visibility in East Dallas.
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      Grand Avenue Retail Space

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      View Details
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    4300 Parry Ave
    Dallas, TX 75223-2758
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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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