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    Property profile & analytics

    505 Illinois Ave Dallas, TX 75224-1815

    • Super regional malls
    • 90,662 SF
    • 64.28 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Aug 02, 2023
    Location Intelligence
    Property ID
    US82-3397992
    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 / Taco Restaurant / Fast Food Restaurant

    Property Details for 505 Illinois Ave

    Year built
    1958
    Construction
    TILT-UP CONCRETE
    Lot size
    64.28 lot acres
    Property size
    90,662 SF
    Zone code
    Z248
    Property type
    Super regional malls
    APN
    005973000A01A0000
    APU
    005973000A01A0000

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.8334
    Latitude
    32.7233
    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
    $914,827
    $2,800,060
    $37,065,490
    $39,865,550
    -
    $2,800,060
    $37,065,490
    $39,865,550

    Comparable in this City

    • Value Estimation by Request
      53,906 SF

      1111 Ledbetter Dr

      REGIONAL SHOPPING CENTER, MALL • 53,906 SF
      1111 Ledbetter Dr, Dallas, TX 75224-4962
      View Details
    • Value Estimation by Request
      161,325 SF

      4515 Vlg Fair Dr

      REGIONAL SHOPPING CENTER, MALL • 161,325 SF
      4515 Vlg Fair Dr, Dallas, TX 75224-5115
      View Details
    • Value Estimation by Request
      25,408 SF

      2225 Ledbetter Dr

      REGIONAL SHOPPING CENTER, MALL • 25,408 SF
      2225 Ledbetter Dr, Dallas, TX 75224-4713
      View Details
    • Value Estimation
      $740,000
      43,106 SF

      4727 Vlg Fair Dr

      REGIONAL SHOPPING CENTER, MALL • 43,106 SF
      4727 Vlg Fair Dr, Dallas, TX 75224-5117
      View Details
    • Value Estimation
      $335,000
      1,800 SF

      2023 Beckley Ave

      SHOPPING CENTER, STRIP CENTER • 1,800 SF
      2023 Beckley Ave, Dallas, TX 75224-2209
      View Details
    • Value Estimation
      $325,000
      1,000 SF

      2305 Mtn Lk Rd

      SHOPPING CENTER, STRIP CENTER • 1,000 SF
      2305 Mtn Lk Rd, Dallas, TX 75224-1651
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      190,569 SF

      Prime Retail Location, Dallas, TX

      High-traffic retail property near major Dallas landmarks and public transit.
      4515 Village Fair Dr, Dallas, TX 75224
      View Details
    • $575,000
      0.27 Acres

      Multi-Tenant Office Suites For Sale

      Multi-tenant office suites with income potential in Dallas, Texas.
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    • $179,990
      0.17 Acres

      Commercial Land Near I-35E

      Vacant lot in high-traffic area, ideal for development.
      2118 S Beckley Ave, Dallas, TX 75224
      View Details
    • $1,595,000
      0.76 Acres

      Elmwood Masonic Lodge Building

      Masonic Lodge in Elmwood Redevelopment district, suitable for event center.
      1309 Newport Ave, Dallas, TX 75224
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    • Contact for pricing
      2.63 Acres

      Dallas Commercial Land - Beckley Ave

      2.63 Acres, I-35 Access, High Visibility
      1225 Beckley Ave, Dallas, TX 75224
      View Details
    • $1,750,000
      10,908 SF

      Dallas Office Building: Prime Location

      Historic Masonic Lodge, Event Space Potential
      1309 Newport Ave, Dallas, TX 75224
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,201 SF

      Retail Space on Hampton Road

      2,201 SF in-line retail space available for lease.
      2412-2464 S Hampton Rd, Dallas, TX 75224
      View Details
    • Contact for pricing
      900 SF

      Retail Space on South Hampton

      Retail space available in busy Dallas shopping center.
      2509-2519 S Hampton Rd, Dallas, TX 75224
      View Details
    • Contact for pricing
      2,148 SF

      Retail Space in Wynnewood Village

      Retail space available in redeveloped Dallas shopping center.
      2150 S Llewellyn Ave, Dallas, TX 75224
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    • Contact for pricing
      3,540 SF

      Retail Space in Wynnewood Village

      Retail space available in redeveloped Dallas shopping center.
      655 W Illinois Ave, Dallas, TX 75224
      View Details
    • Contact for pricing
      3,275 SF

      Retail Space in High-Traffic Center

      Retail space available in redeveloping, highly trafficked Dallas shopping center.
      655-930 W Illinois Ave, Dallas, TX 75224
      View Details
    • Contact for pricing
      2,355 SF

      Retail Space in High-Traffic Center

      Retail space in a highly trafficked Dallas shopping center.
      303 W Illinois Ave, Dallas, TX 75224
      View Details

    Property Visit Statistics

    • Visits by month
      7.0k
    • Visitors by month
      8.4k
    • Avg Time on site
      25 min
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    505 Illinois Ave
    Dallas, TX 75224-1815
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    Realmo Value Estimation

    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.

    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.

    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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