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    7015 Snider Plz Dallas, TX 75205-5635
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    Property profile & analytics

    7015 Snider Plz Dallas, TX 75205-5635

    View on Map
    • Office buildings
    • 12,690 SF
    • 0.46 lot acres
    Off-Market
    Property ID
    US82-1508595
    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
    $1,025,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lindley Arthur Interiors / Interior Design / Home Decor Store
    • Concord Capital Partners / Consultant
    • Jason B Cope DDS, PhD / Dental Office
    • Cope - Clear Orthodontics Dallas TX | Kids & Adults Orthodontics / Dental Office
    • Trek Bicycle Dallas Park Cities / (Bike/Boat/Book/etc) Store

    Property Details for 7015 Snider Plz

    Year built
    1957
    Construction
    FRAME
    Lot size
    0.46 lot acres
    Property size
    12,690 SF
    Zone code
    Z97
    Property type
    Office buildings
    APN
    60023500050070000
    APU
    60023500050070000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,020,000
      Current use
      AUTO REPAIR, GARAGE
      $1,480,000
      Change: +45% Conversion: Difficult
      RETAIL STORES
      $1,230,000
      Change: +20% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $1,145,000
      Change: +12% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $995,000
      Change: -3% Conversion: Easy
      MEDICAL BUILDING
      $860,000
      Change: -16% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.7883
    Latitude
    32.8506
    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
    $127,237
    $4,536,000
    $3,064,000
    $7,600,000
    -
    $4,536,000
    $3,064,000
    $7,600,000

    Comparable in this City

    • Value Estimation
      $980,000
      13,936 SF

      6201 Hillcrest Ave

      OFFICE BUILDING • 13,936 SF
      6201 Hillcrest Ave, Dallas, TX 75205-2200
      View Details
    • Value Estimation
      $6,390,000
      181,931 SF

      3100 Monticello Ave

      OFFICE BUILDING • 181,931 SF
      3100 Monticello Ave, Dallas, TX 75205-3442
      View Details
    • Value Estimation
      $5,325,000
      71,564 SF

      3027 Dyer Ct

      OFFICE BUILDING • 71,564 SF
      3027 Dyer Ct, Dallas, TX 75205
      View Details
    • Value Estimation by Request
      5,963 SF

      5206 Mckinney Ave

      OFFICE BUILDING • 5,963 SF
      5206 Mckinney Ave, Dallas, TX 75205-3480
      View Details
    • Value Estimation by Request
      1,254 SF

      5011 Central Expy

      OFFICE BUILDING • 1,254 SF
      5011 Central Expy, Dallas, TX 75205-3422
      View Details
    • Value Estimation
      $2,595,000
      90,294 SF

      4245 Central Expy

      OFFICE BUILDING • 90,294 SF
      4245 Central Expy, Dallas, TX 75205-4581
      View Details

    Similar Nearby for Sale

    • $1,895,000
      0.16 Acres

      Renovated Duplex in Highland Park

      1930s duplex with modern updates in top-rated school district.
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      View Details
    • $1,499,000
      0.16 Acres

      University Park Building Site

      Building site in the heart of University Park.
      4415 Druid Ln, University Park, TX 75205
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      Mckinney Avenue Development Opportunity

      30,000 square feet of land on Mckinney Avenue.
      4400 Mckinney Ave, Dallas, TX 75205
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    • New
      $2,600,000
      0.19 Acres

      University Park Duplex Near Amenities

      Duplex in prime location near park and Snider Plaza.
      3527 Westminster Ave, University Park, TX 75205
      View Details
    • $2,000,000
      0.16 Acres

      Updated Duplex Near Highland Park

      Updated 1930s duplex in the heart of University Park.
      4128 Emerson Ave, University Park, TX 75205
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    • New
      $1,250,000
      0.11 Acres

      University Park Duplex Near SMU

      Duplex in desirable location near SMU, Snider Plaza, and schools.
      3629 Granada Ave, University Park, TX 75205
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    Similar Nearby for Lease

    • Contact for pricing
      271,786 SF

      Office Building in Dallas, TX

      Office building available for rent in Dallas, Texas.
      4544 Mckinney Ave, Dallas, TX 75205
      View Details
    • Contact for pricing
      4,022 SF

      Freestanding Building in Knox District

      4,022 SF freestanding building in a desirable Dallas location.
      4617 N Central Expy, Dallas, TX 75205
      View Details
    • Contact for pricing
      6,500 SF

      Central Expressway Office Space Available

      Up to 6,500 SF full floor office space for lease.
      4403 N Central Expy, Dallas, TX 75205
      View Details
    • Contact for pricing

      Office Spaces Available for Rent

      Office spaces ranging from 1,729 to 2,852 SqFt available.
      7001 Preston Rd, Dallas, TX 75205
      View Details
    • Contact for pricing
      1,874 SF

      Renovated Office Space For Rent

      Office space with renovated interiors and convenient location for rent.
      4245 N Central Expy, Dallas, TX 75205
      View Details
    • Contact for pricing
      8,000 SF

      Dallas Office Space Available

      8,000 SF office space for lease in Dallas, TX.
      4411 N Central Expy, Dallas, TX 75205
      View Details

    Property Visit Statistics

    • Visits by month
      2.4k
    • Visitors by month
      2.2k
    • Avg Time on site
      22 min
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    Dallas, TX 75205-5635
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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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