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Property profile & analytics
FOR LEASE
Commercial real estate
6060 S Stemmons Fwy, Hickory Creek, TX 75065
Entity Owned
11-yr Hold
Free & Clear
Property ID
US83-1928716
For Lease
1 / 2
$1,380,000
6060 S Stemmons Fwy, Hickory Creek, TX 75065
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Property summary
AI-generated overview
This exceptional retail opportunity is located at 6060 S Stemmons Fwy, Lake Dallas, TX 75065, within the Hickory Creek Center. The center, which underwent a complete renovation in 2019, boasts updated interior and exterior features, creating a modern and attractive shopping environment. This specific space offers 1,000 square feet of versatile retail space, ideal for a variety of businesses. The entire center comprises 11,294 square feet, with multiple tenancies. Currently, 4,164 square feet are available. The building was originally constructed in 1986 and enjoys a convenient location just north of the Hickory Creek arm of Lake Lewisville. Ample parking is provided, with a ratio of 4.95 spaces per 1,000 square feet. This space presents a fantastic chance to establish or expand your business in a thriving community. The minimum divisible space is 1,000 square feet, and the maximum contiguous space available is also 1,000 square feet. Don't miss this opportunity to secure a prime retail location in a revitalized center.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1995
Construction
STEEL FRAME
Total area
10,660 SF
Lot
1.87 ac (81,457 SF)
APN
R702059
UPID
US83-1928716
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Walcott mechanical Production Facility Industrial Manufacturer
-
Roma Italian Restaurant Restaurant
-
NXTLVL Marine Dallas (Bike/Boat/Book/etc) Store
-
Southwest RV Rentals Campground & RV Park
-
Inground Pools of Paradise General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.49M
Blend (final)
Blend
$1.38M
Owner & transaction history
Drake & Hen LLC · 11 yrs held
Drake & Hen LLC
since 2014
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.3M
+76.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Hickory Creek submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hickory Creek submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,290,000
Current use
OFFICE BUILDING
$2,280,000
Change: +77% · Conversion: Easy
Blend value · Realmo final
$1.38M
Range $1.24M – $1.52M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$129 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$2,708
Tax year 2023
Assessed value
$1,666,507
Assessed 2024
Previous assessed
$1,686,200
-1.2% YoY
Effective rate
0.16%
On assessed value
Assessed land
$488,743
Assessed improvement
$1,177,764
Land market value
$488,743
Improvement market value
$1,177,764
Total market value
$1,666,507
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Lease
Year built
1995
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Bathrooms
2
Total area
10,660 SF
Lot
1.87 ac (81,457 SF)
APN
R702059
UPID
US83-1928716
Jurisdiction
DENTON
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.3M
OFFICE BUILDING
Est. value
$2.3M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1995
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Bathrooms
2
Lot
1.87 ac
Current owner
From public records · entity-resolved
Drake & Hen LLC
Entity
Free & Clear · 11 yrs held
Mailing address
126 WILD OAK LN, LAKE DALLAS, TX 75065-3118
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 30, 2024
—
Duke Retail Properties LLC
—
Deed
related
$1,000,000 · Drake & Hen LLC
Aug 13, 2014
—
Drake & Hen LLC
La Playa Estates 12 LLC
Grant Deed
—
Mar 5, 2013
—
Tri-core Leasing LLC
Xtrem Iron Hickory Creek LLC
Grant Deed
—
Aug 18, 2011
—
Xtreme Iron Hickory Creek LLC
Owner Name Unavailable
Grant Deed
related
$895,500 · Cason Hm Lns
Nov 17, 2008
—
Pbl Real Estate Hldgs LLC
Owner Name Unavailable
Grant Deed
related
—
Feb 1, 2007
—
R Arledge Properties LLC
Bolton,jerrel
Trustees Deed
$21,000,000 · Palm Beach Multi-strategy Fund
Nov 2, 2006
—
Bolton,jerrel
Marine Quest-investments
Grant Deed
$3,055,000 · F&m Bk/wv
May 12, 2005
—
Marine Quest-executive
—
Trustees Deed
related
$200,000 · Plainscapital Bk
Apr 5, 2004
—
Marine Quest-investments
W W Investments LLP
Grant Deed
related
—
Sep 1, 2000
—
W-w Investments LLP
Williamson,richard
Grant Deed
$980,000 · Gateway National Bank
—
—
W-w Investments LLP
—
Deed Of Trust
related
$543,000 · Frost National Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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