4334 Lemmon Ave Dallas, TX 75219-2705
Property profile & analytics
4334 Lemmon Ave, Dallas, TX 75219-2705
- Turn key restaurants
- 7,399 SF
- 0.36 lot acres
Property ID
US82-0803174
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.
Location Intelligence
Current Use by Public Records
- Mia's Tex-Mex Restaurant / Restaurant
Property Details for 4334 Lemmon Ave
- Year built
- 1968
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.36 lot acres
- Zone code
- Z239
- Property type
- Turn key restaurants
- APN
- 001581000109A0000
- APU
- 001581000109A0000
Description
Exceptional opportunity to acquire a thriving 7,399 square foot Tex-Mex restaurant in Dallas, Texas. Located on Lemmon Avenue in the prestigious Oak Lawn neighborhood, this property boasts a 6.00% cap rate and is situated on a 0.36-acre lot. The building, renovated in 2020, includes a rare 6,615 square foot parking garage. The current tenant, a well-established Dallas staple operating since 1981, recently signed a 10-year double net lease (NN) with a significant rent escalation in year six and two 5-year renewal options. The lease extends through September 2030, ensuring long-term income stability. The property benefits from high visibility with an illuminated, two-sided pylon sign. The location offers exceptional demographics, with average household incomes exceeding $139,900, $152,800, and $142,500 within 1, 3, and 5-mile radii, respectively. The property is surrounded by numerous high-end retailers and is in close proximity to affluent neighborhoods such as Highland Park, Uptown, and University Park. The roof, replaced in 2022, carries a 30-year warranty. The asking price is $5,200,000. This is a rare opportunity to invest in a highly desirable, established business in a prime Dallas location. The property's strong tenant history, favorable lease terms, and exceptional location make it an attractive investment prospect. The total daytime population within a 5-mile radius exceeds 647,900 people.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $520,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $687,000
Market price range: $688k - $1.45M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $910,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Dallas
- County
- Dallas
- State
- Texas
- Longitude
- -96.8121
- Latitude
- 32.818
- 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
$52,994
$1,317,500
$991,820
$2,309,320
-
$1,317,500
$991,820
$2,309,320
