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    517 Jefferson Blvd Dallas, TX 75203-2731
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    517 Jefferson Blvd Dallas, TX 75203-2731

    View on Map
    • Retail space
    • 8,300 SF
    • 0.66 lot acres
    Off-Market
    Property ID
    US82-2514494
    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.
    Value Estimations
    $1,830,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Autobuses Ejecutivos / Bus Stop
    • Mariscos La Reyna #1 / Restaurant

    Property Details for 517 Jefferson Blvd

    Year built
    2001
    Construction
    STEEL FRAME
    Lot size
    0.66 lot acres
    Property size
    8,300 SF
    Zone code
    Z248
    Property type
    Retail space
    APN
    003091010806A0000
    APU
    003091010806A0000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,225,000
      6.5%
      $2,055,000
      7%
      $1,910,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,608,000
      Market price range: $485k - $1.70M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,250,000
      Current use
      COMMERCIAL (GENERAL)
      $1,480,000
      Change: +18% Conversion: Easy
      RESTAURANT
      $1,165,000
      Change: -7% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.8175
    Latitude
    32.7468
    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
    $16,688
    $717,230
    $10,000
    $727,230
    -
    $717,230
    $10,000
    $727,230

    Comparable in this City

    • Value Estimation by Request
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    • Value Estimation
      $3,250,000
      14,370 SF

      2919 Cedar Crst Blvd

      RETAIL STORES (PERSONAL SERVICES) • 14,370 SF
      2919 Cedar Crst Blvd, Dallas, TX 75203-4011
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    • Value Estimation
      $3,130,000
      13,833 SF

      1306 Beckley Ave

      RETAIL STORES (PERSONAL SERVICES) • 13,833 SF
      1306 Beckley Ave, Dallas, TX 75203-1206
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    • Value Estimation by Request
      450 SF

      1332 Morrell Ave

      RETAIL STORES (PERSONAL SERVICES) • 450 SF
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    • Value Estimation by Request
      1,500 SF

      304 Beckley Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,500 SF
      304 Beckley Ave, Dallas, TX 75203-2614
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    • Value Estimation
      $815,000
      3,614 SF

      1407 Zang Blvd

      RETAIL STORES (PERSONAL SERVICES) • 3,614 SF
      1407 Zang Blvd, Dallas, TX 75203-1230
      View Details

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      40,424 SF

      Retail Space Available in Dallas

      40,424 SF retail space available for sale.
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    • $2,300,000

      Retail Building in Oak Cliff

      Hard corner retail building with designated parking in Oak Cliff.
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      24,529 SF

      Hard Corner Retail Property

      Hard corner property with development opportunity and adjacent parcel.
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      Bishop Arts District Property

      Property in a vibrant, historic Dallas district.
      330 N Ewing Ave, Dallas, TX 75203
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      8,250 SF

      Jefferson & Marsalis Retail Center

      Retail center available for purchase in Dallas, Texas.
      610 E Jefferson Blvd, Dallas, TX 75203
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    Similar Nearby for Lease

    • Contact for pricing
      906 SF

      Retail Space Near Bishop Arts

      Retail space for lease in high-growth Dallas corridor.
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      Retail Space in North Oak Cliff

      Retail space in booming North Oak Cliff market for lease.
      324 W Jefferson Blvd, Dallas, TX 75203
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      795 SF

      Move-in Ready Retail/Office Space

      Retail and creative office space available near Bishop Arts District.
      336-340 W Jefferson Blvd, Dallas, TX 75203
      View Details
    • $1,495 /Mo
      3,210 SF

      Retail and Office Space Available

      Small market spaces suitable for unique shops with restaurant anchor.
      369 W Jefferson Blvd, Dallas, TX 75203
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    • Contact for pricing
      3,840 SF

      Freestanding Retail Building For Rent

      3,840 sqft freestanding retail building with ample parking.
      900 Morrell Ave, Dallas, TX 75203
      View Details
    • Contact for pricing
      1,685 SF

      Retail Space in North Oak Cliff

      Retail space for rent in a booming Dallas market.
      328-330 W Jefferson Blvd, Dallas, TX 75203
      View Details
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    517 Jefferson Blvd
    Dallas, TX 75203-2731
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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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