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    Property profile & analytics

    4523 Lovers Ln Dallas, TX 75209-3131

    • Medical offices
    • 1,710 SF
    • 0.17 lot acres
    OFF-MARKET
    Value Estimations
    $350,000
    Show details
    Cap Rate Potential
    6.3%
    Medical offices
    Location Intelligence
    Property ID
    US82-3743578
    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

    • Weiner Richard H DPM / Podiatrist

    Property Details for 4523 Lovers Ln

    Year built
    1985
    Construction
    FRAME
    Lot size
    0.17 lot acres
    Property size
    1,710 SF
    Zone code
    Z239
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    425962000000
    APU
    425962000000

    Description

    This exceptional 1,710 square foot freestanding medical office building, constructed in 1985, presents a unique investment opportunity. Situated on a 0.17-acre lot, the single-story building offers a single tenancy, currently vacant, providing immediate occupancy for a new owner. The property boasts a prime location in a highly desirable neighborhood within the DFW area, surrounded by a strong demographic profile. Over 146,000 residents reside within a 3-mile radius, exhibiting an average household income exceeding $206,000. Its proximity to Love Field Airport, the 12th busiest airport globally, adds significant value and accessibility. The building's adaptable design makes it suitable for various uses, including small-scale retail or other boutique businesses. Property taxes are $4.39 per square foot. This is a true trophy site, offering significant potential for growth and return on investment in a thriving community. The building's single-story design and convenient location make it an attractive option for a variety of businesses seeking a high-visibility presence in a densely populated area. The property is ready for immediate occupancy and offers a rare opportunity to establish a presence in a highly sought-after location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $350,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $370,000
      6.5%
      $340,000
      7%
      $315,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.832
    Latitude
    32.8515
    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
    $7,613
    $450,000
    $50,000
    $500,000
    -
    $450,000
    $50,000
    $500,000

    Comparable in this City

    • Value Estimation
      $530,000
      9,342 SF

      4420 Lovers Ln

      MEDICAL BUILDING • 9,342 SF
      4420 Lovers Ln, Dallas, TX 75209-3130
      View Details
    • Value Estimation
      $420,000
      2,205 SF

      5730 Lovers Ln

      MEDICAL BUILDING • 2,205 SF
      5730 Lovers Ln, Dallas, TX 75209-5116
      View Details
    • Value Estimation
      $490,000
      4,925 SF

      5709 Lovers Ln

      MEDICAL BUILDING • 4,925 SF
      5709 Lovers Ln, Dallas, TX 75209-5115
      View Details
    • Value Estimation
      $1,020,000
      42,505 SF

      4315 Hopkins Ave

      HOMES (RETIRED, NURSING) • 42,505 SF
      4315 Hopkins Ave, Dallas, TX 75209-3026
      View Details
    • Value Estimation
      $875,000
      57,426 SF

      4300 Macarthur Ave

      OFFICE BUILDING • 57,426 SF
      4300 Macarthur Ave, Dallas, TX 75209-6524
      View Details
    • Value Estimation
      $595,000
      7,686 SF

      4448 Lovers Ln

      OFFICE BUILDING • 7,686 SF
      4448 Lovers Ln, Dallas, TX 75209-3130
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,500 SF

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      Dallas Office Building: Prime Location
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      Dallas Land Parcel For Sale

      Unimproved land in prime Dallas location, ready for construction.
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      Greenway Parks Land Opportunity

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      1,315 SF

      Retail Space Near Inwood Village

      Retail space in high-traffic location near boutiques and restaurants.
      4264 W Lovers Ln, Dallas, TX 75209
      View Details
    • Contact for pricing
      1,097 SF

      Retail Space on Lovers Lane

      Second generation retail space in high-traffic location.
      4268 W Lovers Ln, Dallas, TX 75209
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      1,790 SF

      Retail Space on Lovers Lane

      Second generation retail space in high-traffic location.
      4254 West Lovers Ln, Dallas, TX 75209
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    Similar Nearby for Lease

    • Contact for pricing
      1,710 SF

      Freestanding Building Near Love Field

      Second-generation building suitable for retail or medical office use.
      4523 W Lovers Ln, Dallas, TX 75209
      View Details
    • Contact for pricing
      2,000 SF

      Briarwood Neighborhood Office Space

      Office space in a highly desirable Briarwood location.
      4311 W Lovers Ln, Dallas, TX 75209
      View Details
    • Contact for pricing
      3,500 SF

      Office Building Near Highland Park

      3,500 SF office building in an infill location.
      3519 Miles St, Dallas, TX 75209
      View Details
    • $33 SF/Yr
      51,847 SF

      Highland Park West Executive Suites

      Upscale Dallas Office Space Available
      4300 Macarthur Ave, Dallas, TX 75209
      View Details
    • Contact for pricing
      6,812 SF

      Retail and Restaurant Space Available

      Prime retail and restaurant spaces in affluent Dallas location.
      5201 W Lovers Ln, Dallas, TX 75209
      View Details
    • Contact for pricing
      1,582 SF

      Retail Space Near Dallas Tollway

      Retail space with easy access to Dallas North Tollway.
      4500 Lovers Ln, Dallas, TX 75209
      View Details
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    Dallas, TX 75209-3131
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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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