Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6326 Prospect Ave Dallas, TX 75214-3936

    • Office buildings
    • 850 SF
    • 0.03 lot acres
    OFF-MARKET
    Last Sale
    Jun 21, 2023
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3128865
    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

    • Allegro Properties / Property Management Company
    • John Allegro Realtors / Real Estate Agency
    • Allegro Realtors Inc / Real Estate Agency

    Property Details for 6326 Prospect Ave

    Year built
    1950
    Construction
    TILT-UP CONCRETE
    Lot size
    0.03 lot acres
    Property size
    850 SF
    Zone code
    Z239
    Property type
    Office buildings
    APN
    207265000000
    APU
    207265000000

    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
    -96.7537
    Latitude
    32.8149
    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
    $2,614
    $25,620
    $88,280
    $113,900
    -
    $25,620
    $88,280
    $113,900

    Comparable in this City

    • Value Estimation
      $1,125,000
      37,016 SF

      6220 Gaston Ave

      OFFICE BUILDING • 37,016 SF
      6220 Gaston Ave, Dallas, TX 75214-4345
      View Details
    • Value Estimation
      $695,000
      6,286 SF

      6130 La Vis Dr

      OFFICE BUILDING • 6,286 SF
      6130 La Vis Dr, Dallas, TX 75214-4354
      View Details
    • Value Estimation
      $635,000
      6,286 SF

      6130 La Vis Dr Ste, Unit 100

      OFFICE BUILDING • 6,286 SF
      6130 La Vis Dr Ste, Dallas, TX 75214-4354
      View Details
    • Value Estimation
      $965,000
      24,192 SF

      6162 Mockingbird Ln

      OFFICE BUILDING • 24,192 SF
      6162 Mockingbird Ln, Dallas, TX 75214-2697
      View Details
    • Value Estimation
      $735,000
      15,400 SF

      6500 Mockingbird Ln

      OFFICE BUILDING • 15,400 SF
      6500 Mockingbird Ln, Dallas, TX 75214-2497
      View Details
    • Value Estimation by Request
      7,440 SF

      100 Fulton St

      OFFICE BUILDING • 7,440 SF
      100 Fulton St, Dallas, TX 75214-4824
      View Details

    Similar Nearby for Sale

    • $725,000
      0.19 Acres

      Updated Duplex in Lakewood

      Fully updated duplex near shopping, dining, and White Rock Lake.
      6569 Ascot Ln, Dallas, TX 75214
      View Details
    • $265,000

      Updated Condo in Lakewood

      Updated condo with new appliances, flooring, and private balcony.
      7151 Gaston Ave, Dallas, TX 75214
      View Details
    • $895,000
      0.29 Acres

      East Dallas Duplex Investment Opportunity

      Full duplex in East Dallas, ideal for investors or multi-generational living.
      6105 Rincon Way, Dallas, TX 75214
      View Details
    • $415,000
      0.17 Acres

      Residential Land Near Downtown Dallas

      Unimproved land suitable for townhomes or apartments near downtown Dallas.
      4913 E Side Ave, Dallas, TX 75214
      View Details
    • Contact for pricing

      Multifamily Site in East Dallas

      21,706 SF property zoned for multifamily development.
      4927 Gaston Ave, Dallas, TX 75214
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      10,100 SF

      Lakewood Tower Office Suites

      Dallas Office Space: 524 - 10,100 SF Available
      6301 Gaston Ave, Dallas, TX 75214, Dallas, TX 75214
      View Details
    • Contact for pricing
      2,238 SF

      Retail or Medical Space Available

      2,238 SF retail or medical space for lease.
      5004 Columbia Ave, Dallas, TX 75214
      View Details
    • $19 SF/Yr
      30,720 SF

      Abrams Center Office Suites

      Single-story medical/office space available.
      5510 Abrams Rd, Dallas, TX 75214
      View Details
    • Contact for pricing
      10,160 SF

      Lakewood Retail & Restaurant Space

      Prime Lakewood location, 4 suites available
      7530 Grand Ave, Dallas, TX 75214
      View Details
    • $3,200 /Mo

      East Dallas Condo with Garage

      Modern 2-bed, 2.5-bath condo in gated community, convenient location.
      312 N Henderson Ave, Dallas, TX 75214
      View Details
    • Contact for pricing
      75,000 SF

      Lakewood Retail Center Opportunity

      Dallas County Retail Space Available
      2014 Skillman St, Dallas, TX 75214
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    6326 Prospect Ave
    Dallas, TX 75214-3936
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.