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    Property profile & analytics

    6410 Lemmon Ave Dallas, TX 75209-5722

    • Grocery and convenience stores
    • 2,605 SF
    • 1.26 lot acres
    OFF-MARKET
    Value Estimations
    $470,000
    Show details
    Cap Rate Potential
    9.7%
    Grocery and convenience stores
    Location Intelligence
    Property ID
    US83-4260189
    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

    • Murphy USA / Gas Station / Convenience Store

    Property Details for 6410 Lemmon Ave

    Year built
    2020
    Construction
    TILT-UP CONCRETE
    Lot size
    1.26 lot acres
    Property size
    2,605 SF
    Zone code
    Z59
    Property type
    Grocery and convenience stores
    APN
    005696000A0010000
    APU
    005696000A0010000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $460,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $750,000
      6.5%
      $690,000
      7%
      $640,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $387,000
      Market price range: $241k - $388k

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.8308
    Latitude
    32.8362
    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
    $72,286
    $2,332,660
    $817,340
    $3,150,000
    -
    $2,332,660
    $817,340
    $3,150,000

    Comparable in this City

    • Value Estimation by Request
      3,124 SF

      4415 Mockingbird Ln

      CONVENIENCE STORE • 3,124 SF
      4415 Mockingbird Ln, Dallas, TX 75209-5203
      View Details
    • Value Estimation
      $450,000
      2,450 SF

      5125 Lovers Ln

      CONVENIENCE STORE • 2,450 SF
      5125 Lovers Ln, Dallas, TX 75209
      View Details
    • Value Estimation
      $1,050,000
      42,203 SF

      7117 Inwood Rd

      GROCERY, SUPERMARKET • 42,203 SF
      7117 Inwood Rd, Dallas, TX 75209-4803
      View Details
    • Value Estimation
      $400,000
      5,124 SF

      5601 Lemmon Ave

      CONVENIENCE STORE • 5,124 SF
      5601 Lemmon Ave, Dallas, TX 75209-6225
      View Details
    • Value Estimation
      $435,000
      3,002 SF

      5151 Lemmon Ave

      CONVENIENCE STORE • 3,002 SF
      5151 Lemmon Ave, Dallas, TX 75209-6422
      View Details
    • Value Estimation
      $800,000
      18,525 SF

      3738 Haggar Way

      SHOW ROOM, WAREHOUSE • 18,525 SF
      3738 Haggar Way, Dallas, TX 75209-5738
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,315 SF

      Retail Space Near Inwood Village

      Retail space in high-traffic location near boutiques and restaurants.
      4264 W Lovers Ln, Dallas, TX 75209
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    • Contact for pricing
      1,790 SF

      Retail Space on Lovers Lane

      Second generation retail space in high-traffic location.
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      Retail Space on Lovers Lane

      Second generation retail space in high-traffic location.
      4268 W Lovers Ln, Dallas, TX 75209
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      1,687 SF

      Retail Space Near Inwood Village

      Retail space on Lovers Lane near Inwood Village.
      4258 W Lovers Ln, Dallas, TX 75209
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    • $365,000
      0.14 Acres

      Land in Transitioning Dallas Neighborhood

      Land in Dallas near Love Field with new construction potential.
      6629 Victoria Ave, Dallas, TX 75209
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    • New
      $675,000
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      Updated duplex in Dallas, near Park Cities and Inwood Village.
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    Similar Nearby for Lease

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      1,582 SF

      Retail Space Near Dallas Tollway

      Retail space with easy access to Dallas North Tollway.
      4500 Lovers Ln, Dallas, TX 75209
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      1,710 SF

      Freestanding Building Near Love Field

      Second-generation building suitable for retail or medical office use.
      4523 W Lovers Ln, Dallas, TX 75209
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      6,812 SF

      Retail and Restaurant Space Available

      Prime retail and restaurant spaces in affluent Dallas location.
      5201 W Lovers Ln, Dallas, TX 75209
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    • Contact for pricing
      4,400 SF

      Retail Space on Lemmon Avenue

      4,400 sqft retail space in a busy Dallas location.
      5454 Lemmon Ave, Dallas, TX 75209
      View Details
    • Contact for pricing
      2,125 SF

      Retail Space Available For Rent

      Retail space available for rent in Dallas, Texas.
      5509 W Lovers Ln, Dallas, TX 75209
      View Details
    • Contact for pricing
      1,580 SF

      Retail Space on Lovers Lane

      Second-generation salon space available now on Lovers Lane.
      4724 W Lovers Ln, Dallas, TX 75209
      View Details

    Property Visit Statistics

    • Visits by month
      40.4k
    • Visitors by month
      23.4k
    • Avg Time on site
      9 min
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    6410 Lemmon Ave
    Dallas, TX 75209-5722
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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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