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

    4341 Lemmon Ave Dallas, TX 75219-2706

    • Drive through restaurants
    • 2,620 SF
    • 0.51 lot acres
    OFF-MARKET
    Value Estimations
    $275,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-1959117
    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

    • Taco Bell / Fast Food Restaurant / Takeout Restaurant

    Property Details for 4341 Lemmon Ave

    Year built
    1979
    Construction
    TILT-UP CONCRETE
    Lot size
    0.51 lot acres
    Property size
    2,620 SF
    Zone code
    Z239
    Property type
    Drive through restaurants
    APN
    197416000000
    APU
    197416000000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $275,000

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $385,000
      Current use
      COMMERCIAL (GENERAL)
      $390,000
      Change: +2% Conversion: Easy
      RETAIL STORES
      $320,000
      Change: -16% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.8127
    Latitude
    32.8175
    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
    $53,232
    $1,878,420
    $441,300
    $2,319,720
    -
    $1,878,420
    $441,300
    $2,319,720

    Comparable in this City

    • Value Estimation
      $450,000
      2,712 SF

      4018 Lemmon Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,712 SF
      4018 Lemmon Ave, Dallas, TX 75219-3736
      View Details
    • Value Estimation
      $575,000
      3,412 SF

      4439 Lemmon Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,412 SF
      4439 Lemmon Ave, Dallas, TX 75219-2143
      View Details
    • Value Estimation
      $485,000
      2,560 SF

      3923 Lemmon Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,560 SF
      3923 Lemmon Ave, Dallas, TX 75219-3735
      View Details
    • Value Estimation
      $475,000
      2,437 SF

      4023 Lemmon Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,437 SF
      4023 Lemmon Ave, Dallas, TX 75219-3737
      View Details
    • Value Estimation
      $340,000
      1,470 SF

      4001 Lemmon Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,470 SF
      4001 Lemmon Ave, Dallas, TX 75219-3737
      View Details
    • Value Estimation
      $430,000
      2,409 SF

      4303 Lemmon Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,409 SF
      4303 Lemmon Ave, Dallas, TX 75219-2706
      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.
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      0.90 Acres

      Architectural Portfolio with Skyline Views

      One-acre urban compound with modern residence and historic commercial office.
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    • $450,000
      0.17 Acres

      Land in Maplewood Subdivision

      Unimproved land in trendy Maplewood, ideal for new developments.
      2439 Hawthorne Ave, Dallas, TX 75219
      View Details
    • New
      $650,000
      0.16 Acres

      Dallas Land with Development Permit

      Double lot with permit for 12-unit development in Dallas.
      2723 Hondo Ave, Dallas, TX 75219
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    • $170,000
      774 SF

      Turtle Creek High-Rise Condo

      Modern 1-bedroom condo in prime Turtle Creek location.
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      North Oak Lawn Home

      Prime location near shopping, restaurants, and nightlife.
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    Similar Nearby for Lease

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      2,373 SF

      Restaurant Space with Drive-Thru

      Freestanding 2,373 SF restaurant space with drive-thru, updated in 2022.
      6216 Retail Rd, Dallas, TX 75219
      View Details
    • Contact for pricing
      1,365 SF

      Retail Space in Oak Lawn

      1,365 SF retail space with grease trap and parking.
      2929 Oak Lawn Ave, 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
      1,500 SF

      Dallas Medical District Bar

      1500 SF Bar, Prime Location, 20 Parking Spaces
      4734 Maple Ave, Dallas, TX 75219
      View Details
    • $38 SF/Yr
      19,545 SF

      Oak Lawn Retail Space Available

      Prime Dallas Retail: 2,170-2,650 SF
      2914 Oak Lawn Ave, Dallas, TX 75219
      View Details
    • Contact for pricing
      400,000 SF

      Victory Park Retail Spaces

      Dallas, TX: Prime Retail Opportunity
      Dallas Victory Park Ln & Nowitzki Way, Dallas, TX 75219
      View Details

    Property Visit Statistics

    • Visits by month
      1.6k
    • Visitors by month
      1.6k
    • Avg Time on site
      24 min
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    4341 Lemmon Ave
    Dallas, TX 75219-2706
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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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