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

    6600 Lyndon B Johnson Fwy Dallas, TX 75240-6514

    • Parking lots & garages
    • 153,377 SF
    • 7.23 lot acres
    OFF-MARKET
    Value Estimations
    $930,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-4197331
    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

    • STOVALL & ASSOCIATES / Law Firm
    • Kirby's Steakhouse / Corporate Office / Business Park
    • Latin America Happy Hour / Business Networking Company
    • Pam Newton, MS, LCDC / Counselor
    • Self Unbound / Alternative Medicine Practice

    Property Details for 6600 Lyndon B Johnson Fwy

    Year built
    1980
    Construction
    FRAME
    Lot size
    7.23 lot acres
    Property size
    153,377 SF
    Zone code
    Z200
    Property type
    Parking lots & garages
    APN
    733271000000
    APU
    733271000000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $685,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,178,000
      Market price range: $479k - $2.87M

    • Alternative Use

      Use
      Estimation
      PARKING LOT
      $1,315,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.7913
    Latitude
    32.9232
    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
    $381,253
    $6,297,380
    $10,316,540
    $16,613,920
    -
    $6,297,380
    $10,316,540
    $16,613,920

    Comparable in this City

    • Value Estimation
      $1,740,000
      356,691 SF

      14001 Dallas Pkwy

      PARKING GARAGE, PARKING STRUCTURE • 356,691 SF
      14001 Dallas Pkwy, Dallas, TX 75240-4346
      View Details
    • Value Estimation
      $1,210,000
      308,520 SF

      5501 Lyndon B Johnson Fwy

      PARKING GARAGE, PARKING STRUCTURE • 308,520 SF
      5501 Lyndon B Johnson Fwy, Dallas, TX 75240-6225
      View Details
    • Value Estimation by Request
      18,090 SF

      14080 Dallas Pkwy

      PARKING GARAGE, PARKING STRUCTURE • 18,090 SF
      14080 Dallas Pkwy, Dallas, TX 75240-4310
      View Details
    • Value Estimation
      $885,000
      151,632 SF

      5301 Alpha Rd, Unit 200

      PARKING GARAGE, PARKING STRUCTURE • 151,632 SF
      5301 Alpha Rd, Dallas, TX 75240-4359
      View Details
    • Value Estimation by Request
      127,908 SF

      5525 Lyndon B Johnson Fwy

      PARKING GARAGE, PARKING STRUCTURE • 127,908 SF
      5525 Lyndon B Johnson Fwy, Dallas, TX 75240-6241
      View Details
    • Value Estimation
      $1,380,000
      696,385 SF

      13741 Noel Rd

      PARKING GARAGE, PARKING STRUCTURE • 696,385 SF
      13741 Noel Rd, Dallas, TX 75240
      View Details

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      Prime Dallas Executive Office Building

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      Prime Land in Galleria Area

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      Prime Land Near Galleria Mall

      1.12 acres suitable for office development near Galleria Mall.
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    Similar Nearby for Lease

    • $25 SF/Yr
      1,534 SF

      Retail Space Near Dallas Midtown

      1,534 SF end cap anchored by Target.
      5631 Lyndon B Johnson Fwy, Dallas, TX 75240
      View Details
    • Contact for pricing
      3,590 SF

      Retail Space Near Galleria

      Retail space for rent in mixed-use development, North Dallas.
      13675 Noel Rd, Dallas, TX 75240
      View Details
    • Contact for pricing
      4,809 SF

      Retail Space at Alpha & Montfort

      Retail space available at a prominent corner location.
      13519-13549 Montfort Dr, Dallas, TX 75240
      View Details
    • Contact for pricing
      12,515 SF

      Retail Space Near Galleria

      Retail space in mixed-use development, centrally located in North Dallas.
      5225 Alpha Rd, Dallas, TX 75240
      View Details
    • Contact for pricing
      4,108 SF

      Retail Building Near Major Thoroughfares

      4,108 SF building ideal for daycare, office, or church.
      13408 Kit Ln, Dallas, TX 75240
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    • Contact for pricing
      2,117 SF

      Retail and Office Space Available

      Retail and office space for lease with apartments on property.
      5301 Alpha Rd, Dallas, TX 75240
      View Details
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    Dallas, TX 75240-6514
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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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