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    Property profile & analytics

    4719 Collins Ave Dallas, TX 75210

    • Commercial real estate
    For Sale
    View listing
    $350,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4577534
    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

    • Mill City Teaching Farm / Association / Organization

    Property Details for 4719 Collins Ave

    Property type
    Commercial real estate

    Description

    This exceptional 43,560 square foot residential land parcel presents a unique development opportunity in the heart of Dallas, Texas. Located at 4719 Collins Ave, in the 75210 zip code, this property boasts a desirable location just one mile from Fair Park and two miles from the vibrant downtown Dallas area. The land is zoned for Planned Development, offering flexibility for various residential projects. Its significant size provides ample space for a substantial undertaking. The property's description highlights its beautiful, treed landscape, providing a tranquil setting within a well-established neighborhood. The city of Dallas has allocated significant funds for development, suggesting a supportive environment for this promising investment. This is an exceptional opportunity to acquire a large, well-situated residential lot with significant potential for future development in a thriving urban area. The asking price for this remarkable property is $350,000. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.741772638083
    Latitude
    32.776870199369

    Comparable in this City

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      Dallas Duplex with Adjacent Lot

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      Portfolio of Three Dallas Homes

      Three single-family homes in Dallas, generating $6,000 monthly rent.
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    • $65,000

      Commercial Lot in Dallas Heart

      Commercial lot in Dallas, excellent visibility, quick highway access.
      3934 Sidney St, Dallas, TX 75210
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    • $350,000
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      One Acre Corner Lot

      One acre lot in fast-growing Mill City neighborhood.
      4638 Collins Ave Collins Ave, Dallas, TX 75210
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    • $350,000
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      Dallas Land Parcel For Sale

      Unimproved land parcel available in Dallas, Texas.
      4719 Collins Ave, Dallas, TX 75210
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    • $159,000
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      Residential Land in Developing Area

      Multi-family lot near downtown, highways, and Fair Park.
      2006 Jb Jackson Jr Blvd, Dallas, TX 75210
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    Similar Nearby for Sale

    • $145,000
      0.11 Acres

      Dallas Duplex with Adjacent Lot

      Duplex with long-term tenants, plus adjacent lot for sale.
      4525 Canal St, Dallas, TX 75210
      View Details
    • $650,000
      0.74 Acres

      Portfolio of Three Dallas Homes

      Three single-family homes in Dallas, generating $6,000 monthly rent.
      4011 Carpenter Ave, Dallas, TX 75210
      View Details
    • $65,000

      Commercial Lot in Dallas Heart

      Commercial lot in Dallas, excellent visibility, quick highway access.
      3934 Sidney St, Dallas, TX 75210
      View Details
    • $350,000
      1.00 Acres

      One Acre Corner Lot

      One acre lot in fast-growing Mill City neighborhood.
      4638 Collins Ave Collins Ave, Dallas, TX 75210
      View Details
    • $350,000
      1.00 Acres

      Dallas Land Parcel For Sale

      Unimproved land parcel available in Dallas, Texas.
      4719 Collins Ave, Dallas, TX 75210
      View Details
    • $159,000
      0.15 Acres

      Residential Land in Developing Area

      Multi-family lot near downtown, highways, and Fair Park.
      2006 Jb Jackson Jr Blvd, Dallas, TX 75210
      View Details
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    4719 Collins Ave
    Dallas, TX 75210
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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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