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

    4850 Grand Ave Dallas, TX 75223-2950

    • Strip malls
    • 3,196 SF
    • 0.22 lot acres
    OFF-MARKET
    Value Estimations
    $335,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4523906
    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

    • Legal Solutions / Legal Services
    • Isabels candle shop botanica / Candle Store
    • Tauro's Beauty Salon / Beauty Salon

    Property Details for 4850 Grand Ave

    Year built
    1988
    Construction
    TILT-UP CONCRETE
    Lot size
    0.22 lot acres
    Property size
    3,196 SF
    Zone code
    Z46
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    0014600A0003A0000
    APU
    0014600A0003A0000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $335,000

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $235,000
      Current use
      RETAIL STORES
      $385,000
      Change: +64% Conversion: Easy
      AUTO REPAIR, GARAGE
      $375,000
      Change: +59% Conversion: Difficult
      WAREHOUSE, STORAGE
      $325,000
      Change: +39% Conversion: Difficult
      MEDICAL BUILDING
      $215,000
      Change: -8% Conversion: Difficult
      OFFICE BUILDING
      $210,000
      Change: -10% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.7538
    Latitude
    32.7874
    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
    2024
    $2,804
    $93,700
    $28,510
    $122,210
    -
    $93,700
    $28,510
    $122,210

    Comparable in this City

    • Value Estimation
      $335,000
      3,920 SF

      500 Fitzhugh Ave

      SHOPPING CENTER, STRIP CENTER • 3,920 SF
      500 Fitzhugh Ave, Dallas, TX 75223-2120
      View Details
    • Value Estimation
      $355,000
      3,350 SF

      5437 Grand Ave

      SHOPPING CENTER, STRIP CENTER • 3,350 SF
      5437 Grand Ave, Dallas, TX 75223-1914
      View Details
    • Value Estimation
      $395,000
      10,725 SF

      4842 Grand Ave

      SHOPPING CENTER, STRIP CENTER • 10,725 SF
      4842 Grand Ave, Dallas, TX 75223-2949
      View Details
    • Value Estimation
      $425,000
      11,235 SF

      5409 Grand Ave

      SHOPPING CENTER, STRIP CENTER • 11,235 SF
      5409 Grand Ave, Dallas, TX 75223-1914
      View Details
    • Value Estimation
      $755,000
      10,011 SF

      4619 R L Thornton Fwy

      SHOPPING CENTER, STRIP CENTER • 10,011 SF
      4619 R L Thornton Fwy, Dallas, TX 75223-2107
      View Details
    • Value Estimation
      $325,000
      2,492 SF

      3320 Samuell Blvd

      SHOPPING CENTER, STRIP CENTER • 2,492 SF
      3320 Samuell Blvd, Dallas, TX 75223-1709
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Retail Property on Grand Avenue

      Retail property available for sale on Grand Avenue, Dallas.
      5219 E Grand Ave, Dallas, TX 75223
      View Details
    • Contact for pricing
      14,590 SF

      Welding Studio, Showroom & Warehouse

      Welding studio, showroom, and warehouse on over 1/2 acre.
      4520-4528 Crosstown Expy, Dallas, TX 75223
      View Details
    • $145,000
      0.16 Acres

      Dallas Corner Lot Ready to Build

      Spacious corner lot in Dallas, ready for custom home construction.
      3300 Jerome St, Dallas, TX 75223
      View Details
    • $245,000
      0.17 Acres

      East Dallas Land Near Trail

      7,501 sqft lot near Santa Fe Trail in Dallas.
      5423 Terry St, Dallas, TX 75223
      View Details
    • Contact for pricing
      42,336 SF

      Dallas Warehouse - Multi-Tenant Opportunity

      42,336 SF Warehouse, Dallas, TX
      4839 Grand Ave, Dallas, TX 75223
      View Details
    • $150,000
      6,700 SF

      Commercial Corner Lot Opportunity

      High-traffic corner lot near Fair Park, ideal for development.
      900 Ann Ave, Dallas, TX 75223
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      8,500 SF

      Grand Avenue Retail Space

      8,500 SF Retail Opportunity
      5408 Grand Ave, Dallas, TX 75223
      View Details
    • $22 SF/Yr
      1,750 SF

      E. Grand Ave Retail Space

      Prime Dallas Retail/Office Opportunity
      5421 Grand Ave, Dallas, TX 75223
      View Details
    • Contact for pricing
      5,148 SF

      Freestanding Building for Lease

      5,148 sqft freestanding building suitable for retail, bar, or medical.
      5605 E Grand Ave, Dallas, TX 75223
      View Details
    • Contact for pricing
      3,330 SF

      Two-Story Auto Shop with Lifts

      Two-story auto shop with lifts, offices, and expansion potential.
      3202-3223 Merrifield Ave, Dallas, TX 75223
      View Details
    • Contact for pricing
      2,511 SF

      Retail Space with I-30 Frontage

      Retail space with excellent visibility and easy highway access.
      3403 Merrifield Ave, Dallas, TX 75223
      View Details
    • Contact for pricing
      1,212 SF

      Henderson Avenue Retail Space Available

      Retail space available on Henderson Avenue in Dallas, Texas.
      1900 N Henderson Ave, Dallas, TX 75223
      View Details
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    4850 Grand Ave
    Dallas, TX 75223-2950
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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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