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    7007 Lk June Rd Dallas, TX 75217-1327
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    Property profile & analytics

    7007 Lk June Rd, Dallas, TX 75217-1327

    View on Map
    • Grocery and convenience stores
    • 18,886 SF
    • 2.12 lot acres
    Off-Market
    Last Sale Oct 2, 2024
    Property ID
    US83-3841338
    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.
    Value Estimations
    $1,000,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Librería católica san Judas Tadeo / Religious Bookstore
    • Boost Mobile / Mobile Phone Store / Electronics & Wireless Store
    • Western Union / Bank / Credit Union
    • Malone's Cost Plus #2 / Grocery & Convenience Store / Food Market
    • Primo Water Refill / Big Box & Wholesale Store

    Property Details for 7007 Lk June Rd

    Year built
    1969
    Construction
    TILT-UP CONCRETE
    Lot size
    2.12 lot acres
    Zone code
    Z59
    Property type
    Grocery and convenience stores
    APN
    545174000000
    APU
    545174000000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 2, 2024 — Malones Food Stores LLC Dj Lakejune INC Venders Lien $2M · Dj Laicejune INC
    Jun 26, 2023 — Dj Lakejune INC — Deed · related $850k · Global One Bancshares INC
    Oct 18, 2017 — Dj Lakejune INC Malones Food Stores LLC Warranty Deed $910k · Bank Of Hope
    Jan 31, 2007 — Malones Food Stores Ltd Malone,ronnie & Jane Quit Claim Deed · related $1.5M · Inwood National Bank
    — — Malones Food Stores LLC — Deed Of Trust · related $890k · Inwood National Bank
    — — Malones Food Stores LLC — Deed Of Trust · related $3M · Inwood Nat'l Bk
    — — Malones Food Stores LLC — Deed Of Trust · related $1.5M · Inwood National Bank
    — — Malones Food Stores LLC — Deed Of Trust · related $3.6M · Grocers Supply Co INC

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $635,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,361,000
      Market price range: $977k - $2.79M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,590,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.7017
    Latitude
    32.7349
    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
    2024
    $26,046
    $230,580
    $904,420
    $1,135,000
    -
    $230,580
    $904,420
    $1,135,000

    Comparable in this City

    • Value Estimation
      $1,125,000
      13,610 SF

      6343 Lk June Rd

      CONVENIENCE STORE
      6343 Lk June Rd, Dallas, TX 75217
      View Details
    • Value Estimation by Request
      2,649 SF

      136 Masters Dr

      CONVENIENCE STORE
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    • Value Estimation
      $545,000
      5,600 SF

      440 Buckner Blvd

      CONVENIENCE STORE
      440 Buckner Blvd, Dallas, TX 75217-6501
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    • Value Estimation
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      4,440 SF

      9531 C F Hawn Fwy

      CONVENIENCE STORE
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    • Value Estimation by Request
      2,744 SF

      527 Saint Augustine Dr

      CONVENIENCE STORE
      527 Saint Augustine Dr, Dallas, TX 75217-4110
      View Details
    • Value Estimation
      $730,000
      18,549 SF

      9020 Lk June Rd

      GROCERY, SUPERMARKET
      9020 Lk June Rd, Dallas, TX 75217
      View Details

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      Auto Shop on San Marino

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    • $485,000
      0.55 Acres

      Three-Bay Auto Repair Facility

      A turnkey auto shop with offices on an accessible site, awaiting new owner utility reconnection and potential access improvements.
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    • $166,500

      Land Available in Dallas, Texas

      Land for sale in Dallas County.
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    Similar Nearby for Lease

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      8,000 SF

      Retail Space in Garland Center

      Family Dollar anchored retail space available for lease.
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      1,250 SF

      Retail Spaces Available for Lease

      Redeveloped retail spaces with flexible layouts, available March 2025.
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      1,950 SF

      Retail Space in Dallas Center

      Retail space available in well-recognized shopping center.
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      1,650 SF

      Retail Space on Buckner Blvd

      Retail space available for lease at a high-traffic intersection.
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    • Contact for pricing
      2,800 SF

      Retail Space in Established Center

      Retail space available in high-traffic Dallas shopping center.
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      View Details
    • Contact for pricing
      2,720 SF

      Retail Space on Buckner Boulevard

      Retail space available for lease on Buckner Boulevard.
      1825 South Buckner Blvd, Dallas, TX 75217
      View Details
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    Dallas, TX 75217-1327
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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.

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