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

    6616 Enw Hwy Dallas, TX 75231-8012

    • Gas stations
    • 7,250 SF
    • 0.90 lot acres
    OFF-MARKET
    Value Estimations
    $925,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-0543701
    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

    • Gas stations

    Property Details for 6616 Enw Hwy

    Year built
    1994
    Construction
    TILT-UP CONCRETE
    Lot size
    0.90 lot acres
    Property size
    7,250 SF
    Zone code
    Z59
    Property type
    Gas stations
    APN
    398162700000
    APU
    398162700000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      SERVICE STATION (FULL SERVICE)
      $940,000
      Current use
      RESTAURANT
      $1,020,000
      Change: +8% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $845,000
      Change: -10% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.7462
    Latitude
    32.8553
    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
    $25,897
    $393,140
    $735,370
    $1,128,510
    -
    $393,140
    $735,370
    $1,128,510

    Comparable in this City

    • Value Estimation
      $585,000
      4,752 SF

      6629 Enw Hwy

      SERVICE STATION (FULL SERVICE) • 4,752 SF
      6629 Enw Hwy, Dallas, TX 75231-8011
      View Details
    • Value Estimation by Request
      2,400 SF

      6606 Enw Hwy

      SERVICE STATION (FULL SERVICE) • 2,400 SF
      6606 Enw Hwy, Dallas, TX 75231-8012
      View Details
    • Value Estimation by Request
      2,090 SF

      10233 Central Expy

      SERVICE STATION (FULL SERVICE) • 2,090 SF
      10233 Central Expy, Dallas, TX 75231-3401
      View Details
    • Value Estimation by Request
      1,930 SF

      8209 Park Ln

      SERVICE STATION WITH FOOD MART • 1,930 SF
      8209 Park Ln, Dallas, TX 75231-6022
      View Details
    • Value Estimation by Request
      1,624 SF

      10950 Central Expy

      SERVICE STATION WITH FOOD MART • 1,624 SF
      10950 Central Expy, Dallas, TX 75231-1006
      View Details
    • Value Estimation by Request
      396 SF

      6857 Greenville Ave

      SERVICE STATION (FULL SERVICE) • 396 SF
      6857 Greenville Ave, Dallas, TX 75231-6403
      View Details

    Similar Nearby for Sale

    • $5,214,815
      3,886 SF

      Dallas Car Wash Investment Opportunity

      NNN leased car wash with long-term tenant in Dallas.
      6559 E Northwest Hwy, Dallas, TX 75231
      View Details
    • $3,500,000
      12,949 SF

      Greenville Ave Retail Opportunity

      Iconic Dallas bar/nightclub, redevelopment potential
      6826 Greenville Ave, Dallas, TX 75231
      View Details
    • Contact for pricing

      Prime Dallas Commercial Land

      33,890 SF lot, ideal location
      6000 Pineland Dr, Dallas, TX 75231
      View Details
    • $2,150,000
      6,940 SF

      Executive Office Building, Dallas

      Prime Dallas location, 6,940 SF, 12 parking spaces.
      5447 Glen Lakes Dr, Dallas, TX 75231
      View Details
    • $128,000
      775 SF

      Updated Condo with Balcony View

      Clean, updated condo near Dallas restaurants, entertainment, and highways.
      7431 Holly Hill Dr, Dallas, TX 75231
      View Details
    • $259,000
      861 SF

      Dallas Condo with Remodeled Interior

      Two-bedroom condo in Dallas, featuring remodeled interiors and community amenities.
      8601 Park Lane Ct, Dallas, TX 75231
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,398 SF

      Lake Highlands Retail Center

      Prime Dallas location, 2,398 sq ft, single tenant.
      7100 Wildcat Way, Dallas, TX 75231
      View Details
    • Contact for pricing
      3,844 SF

      Greenville Ave Drive-Thru Property

      Prime Dallas location, ±3,844 SF, drive-thru ready.
      6850 Greenville Ave, Dallas, TX 75231
      View Details
    • $19 SF/Yr
      262,799 SF

      Dallas Executive Office Space

      Class A Office Suites, Ample Parking
      10440 Us 75-Central Expy, Dallas, TX 75231
      View Details
    • $1,050 /Mo

      Retail/Office Space For Rent

      Retail and office spaces available for rent in Dallas, TX.
      10440 N Central Expy, Dallas, TX 75231
      View Details
    • $11 SF/Yr
      3,556 SF

      Retail Space in Dallas, TX

      Retail space available in Meadow Central Market.
      10453 N Central Expy, Dallas, TX 75231
      View Details
    • Contact for pricing
      6,000 SF

      Retail Space in Dallas Neighborhood

      Retail spaces available in densely populated Dallas neighborhood near hospital.
      8224 Park Ln, Dallas, TX 75231
      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.
    6616 Enw Hwy
    Dallas, TX 75231-8012
    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.