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    Property profile & analytics

    6343 Lk June Rd Dallas, TX 75217

    • Grocery and convenience stores
    • 13,610 SF
    • 1.53 lot acres
    OFF-MARKET
    Last Sale
    Jul 15, 2020
    Value Estimations
    $650,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-5238797
    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

    • RockItCoin Bitcoin ATM / Atm
    • Total by Verizon / Cell Phone Store / Telecommunications Service Provider
    • Juany's Kocina / Restaurant
    • Primo Water Refill / Bottled Water Supplier
    • Amazon Locker - Chaim / Mailing Service / E-Commerce Service

    Property Details for 6343 Lk June Rd

    Year built
    2018
    Construction
    TILT-UP CONCRETE
    Lot size
    1.53 lot acres
    Property size
    13,610 SF
    Property type
    Grocery and convenience stores
    APN
    006235000D0030000
    APU
    006235000D0030000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $650,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.711
    Latitude
    32.7348
    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
    $59,664
    $167,050
    $2,432,950
    $2,600,000
    -
    $167,050
    $2,432,950
    $2,600,000

    Comparable in this City

    • Value Estimation
      $815,000
      46,902 SF

      10325 Lk June Rd Ste, Unit 400

      GROCERY, SUPERMARKET • 46,902 SF
      10325 Lk June Rd Ste, Dallas, TX 75217-5333
      View Details
    • Value Estimation
      $485,000
      10,996 SF

      180 Murdock Rd

      CONVENIENCE STORE • 10,996 SF
      180 Murdock Rd, Dallas, TX 75217-6728
      View Details
    • Value Estimation
      $295,000
      2,680 SF

      300 Saint Augustine Dr

      CONVENIENCE STORE • 2,680 SF
      300 Saint Augustine Dr, Dallas, TX 75217-7403
      View Details
    • Value Estimation
      $305,000
      2,564 SF

      733 Buckner Blvd

      CONVENIENCE STORE • 2,564 SF
      733 Buckner Blvd, Dallas, TX 75217-4516
      View Details
    • Value Estimation
      $225,000
      2,798 SF

      10201 C F Hawn Fwy

      CONVENIENCE STORE • 2,798 SF
      10201 C F Hawn Fwy, Dallas, TX 75217-8079
      View Details
    • Value Estimation
      $775,000
      36,351 SF

      7932 Great Trinity Frst Way

      GROCERY, SUPERMARKET • 36,351 SF
      7932 Great Trinity Frst Way, Dallas, TX 75217-6609
      View Details

    Similar Nearby for Sale

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      5,491 SF

      New 7-Eleven on Buckner Blvd

      New construction 7-Eleven on Buckner Blvd in Dallas, TX.
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    • $3,350,000
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      Redevelopment Opportunity in Dallas, TX

      High-traffic location with redevelopment potential in Dallas-Fort Worth Metroplex.
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    • $1,201,655
      9,180 SF

      Dallas Retail Investment Opportunity

      9,180 SF retail property in Dallas, TX for sale.
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    • $230,000
      0.08 Acres

      Versatile Commercial Property in Dallas

      Prime location suitable for restaurant or warehouse with parking.
      6131 Lake June Pl, Dallas, TX 75217
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    • $510,000
      0.55 Acres

      Dallas Auto Shop and Repair

      Auto shop and repair facility with potential for commercial ventures.
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      Mechanic Shop/Warehouse Opportunity in Dallas

      Commercial lot suitable for mechanic shop, warehouse, or development.
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    Similar Nearby for Lease

    • Contact for pricing
      1,250 SF

      Retail Spaces Available for Lease

      Redeveloped retail spaces with flexible layouts, available March 2025.
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      View Details
    • Contact for pricing
      1,500 SF

      Retail Space in Garland Center

      Family Dollar anchored retail space available for lease.
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    • Contact for pricing
      1,650 SF

      Retail Space on Buckner Blvd

      Retail space available for lease at a high-traffic intersection.
      1230 S Buckner Blvd, Dallas, TX 75217
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    • Contact for pricing
      5,122 SF

      Redeveloped Retail Center Space

      Retail center anchored by El Rio Grande and dd’s Discounts.
      10325 Lake June Rd, Dallas, TX 75217
      View Details
    • Contact for pricing
      226,434 SF

      Pleasant Grove Retail Center Investment

      High-traffic Dallas retail space available.
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    • Contact for pricing
      3,874 SF

      Casa Linda Plaza Retail Space

      Historic Dallas shopping center with retail and dining options.
      1200 N Buckner Blvd, Dallas, TX 75217
      View Details
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    Dallas, TX 75217
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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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