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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6350 Keller Spgs Rd Dallas, TX 75248-2162

    • Apartment buildings
    • 202,071 SF
    • 12.28 lot acres
    OFF-MARKET
    Value Estimations
    $630,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4804801
    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

    • Apartment buildings

    Property Details for 6350 Keller Spgs Rd

    Year built
    1980
    Construction
    FRAME
    Lot size
    12.28 lot acres
    Property size
    202,071 SF
    Zone code
    Z163
    Property type
    Apartment buildings
    APN
    799593000000
    APU
    799593000000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $560,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $705,000
      Market price range: $552k - $1.23M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $845,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.8
    Latitude
    32.9779
    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
    $621,768
    $2,246,820
    $23,403,180
    $25,650,000
    -
    $2,246,820
    $23,403,180
    $25,650,000

    Comparable in this City

    • Value Estimation
      $1,055,000
      390,728 SF

      5353 Keller Spgs Rd

      APARTMENT HOUSE (5+ UNITS) • 390,728 SF
      5353 Keller Spgs Rd, Dallas, TX 75248-2778
      View Details
    • Value Estimation by Request
      74,892 SF

      15702 El Estado Dr

      APARTMENT HOUSE (5+ UNITS) • 74,892 SF
      15702 El Estado Dr, Dallas, TX 75248
      View Details
    • Value Estimation
      $1,395,000
      364,311 SF

      5519 Arapaho Rd

      APARTMENT HOUSE (5+ UNITS) • 364,311 SF
      5519 Arapaho Rd, Dallas, TX 75248-3479
      View Details
    • Value Estimation
      $760,000
      153,492 SF

      5940 Arapaho Rd

      APARTMENT HOUSE (5+ UNITS) • 153,492 SF
      5940 Arapaho Rd, Dallas, TX 75248-3674
      View Details
    • Value Estimation
      $980,000
      371,836 SF

      15411 Preston Rd

      APARTMENT HOUSE (5+ UNITS) • 371,836 SF
      15411 Preston Rd, Dallas, TX 75248-4857
      View Details
    • Value Estimation by Request
      46,876 SF

      15610 El Estado Dr

      APARTMENT HOUSE (5+ UNITS) • 46,876 SF
      15610 El Estado Dr, Dallas, TX 75248
      View Details

    Similar Nearby for Sale

    • $349,900
      1,685 SF

      Bonaventure Condominium with Resort Amenities

      Charming 2-bed, 2-bath condo with resort-style amenities and west-facing views.
      5200 Keller Springs Rd, Dallas, TX 75248
      View Details
    • $225,000
      1,137 SF

      Light-Filled Corner Unit in Dallas

      Charming 2-bedroom condo with updates and community amenities.
      5335 Bent Tree Forest Dr, Dallas, TX 75248
      View Details
    • $648,500
      0.22 Acres

      Updated Duplex in Prime Location

      Spacious, updated duplex in Dallas with income potential.
      15825 El Estado Dr, Dallas, TX 75248
      View Details
    • Contact for pricing
      61,356 SF

      Stabilized Office Building For Sale

      Stabilized office building with strong tenants and long-term occupancy.
      16980 Dallas Pkwy, Dallas, TX 75248
      View Details
    • $4,400,000
      0.92 Acres

      Prime Land in Glen Abbey

      0.92-acre lot in gated Dallas community, backs to White Rock Creek.
      54 Braewood Pl, Dallas, TX 75248
      View Details
    • Contact for pricing
      34,520 SF

      Dallas Office Building For Sale

      Office building with 34,520 square feet of space.
      16250 Knoll Trail Dr, Dallas, TX 75248
      View Details

    Similar Nearby for Lease

    • $2,800 /Mo
      2,141 SF

      Spacious Condo with Utilities Included

      Comfortable condo in Dallas with utilities included in rent.
      15901 Archwood Ln, Dallas, TX 75248
      View Details
    • $1,500 /Mo

      Inviting Condo in North Dallas

      Comfortable one-bedroom condo with pool, near Addison Circle.
      5300 Keller Springs Rd, Dallas, TX 75248
      View Details
    • Contact for pricing
      4,543 SF

      Class A Office Space

      Ten-story office building in Addison Circle with on-site amenities.
      15601 Dallas Pkwy, Dallas, TX 75248
      View Details
    • Contact for pricing
      1,923 SF

      Retail Space in Power Center

      Retail space available in a high-traffic Dallas power center.
      16731 Coit Rd, Dallas, TX 75248
      View Details
    • Contact for pricing
      2,200 SF

      2,200 SF Drive-Thru End Cap

      2,200 SF drive-thru end cap available for lease.
      5181 Keller Springs Rd, Dallas, TX 75248
      View Details
    • Contact for pricing
      140,053 SF

      Dallas Retail Center: Prime Location

      140,053 SF Shopping Center, Dallas, TX
      7989 Belt Line Rd, Dallas, TX 75248
      View Details
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    6350 Keller Spgs Rd
    Dallas, TX 75248-2162
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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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