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    Property profile & analytics

    707 Riverfront Blvd Dallas, TX 75207

    • Car washes
    • 1,118 SF
    • 0.60 lot acres
    For Lease
    View listing
    Last Sale
    Jul 29, 2020
    Value Estimations
    $515,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3143482
    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

    • Quik-Way Food Mart / Convenience Store / Gas Station

    Property Details for 707 Riverfront Blvd

    Year built
    1978
    Construction
    TILT-UP CONCRETE
    Lot size
    0.60 lot acres
    Property size
    1,118 SF
    Zone code
    Z239
    Property type
    Car washes
    APN
    633571500000
    APU
    633571500000

    Description

    This exceptional 26,138-square-foot retail pad presents a remarkable opportunity in Dallas's thriving Design District. Located at the highly visible hard corner of Riverfront Boulevard and Continental Avenue, this property boasts unparalleled access to major thoroughfares, including I-35 and Woodall Rodgers Freeway, ensuring maximum exposure to a large and diverse customer base. The 0.6-acre lot provides ample space for development, catering to a variety of retail concepts. The Design District itself is experiencing significant growth, with numerous multifamily, office, and retail projects currently underway, creating a dynamic and expanding market. This single-tenant property in Dallas County, Texas, offers a unique chance to establish a prominent presence in one of Dallas's most sought-after commercial areas. The zip code is 75207. The property's strategic location at the entrance to the Design District guarantees high traffic volume and exceptional brand visibility. This is an ideal location for businesses seeking to capitalize on the area's burgeoning growth and strong consumer demand. The property is classified as commercial retail. This is a rare opportunity to secure a prime retail space in a rapidly developing and highly desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $515,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.8158
    Latitude
    32.7833
    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
    $26,246
    $913,220
    $230,490
    $1,143,710
    -
    $913,220
    $230,490
    $1,143,710

    Comparable in this City

    • Value Estimation
      $675,000
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      2760 Irving Blvd

      CAR WASH • 2,184 SF
      2760 Irving Blvd, Dallas, TX 75207-2312
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    • Value Estimation
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      1950 Stemmons Fwy

      PARKING GARAGE, PARKING STRUCTURE • 325,601 SF
      1950 Stemmons Fwy, Dallas, TX 75207-3134
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    • Value Estimation
      $1,325,000
      74,568 SF

      2425 Irving Blvd

      SERVICE STATION (FULL SERVICE) • 74,568 SF
      2425 Irving Blvd, Dallas, TX 75207-6003
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    • Value Estimation by Request
      5,300 SF

      526 Riverfront Blvd

      SERVICE STATION (FULL SERVICE) • 5,300 SF
      526 Riverfront Blvd, Dallas, TX 75207-4502
      View Details
    • Value Estimation
      $340,000
      2,000 SF

      220 Riverfront Blvd

      SERVICE STATION (FULL SERVICE) • 2,000 SF
      220 Riverfront Blvd, Dallas, TX 75207
      View Details
    • Value Estimation
      $850,000
      112,500 SF

      2525 Market Ctr Blvd

      PARKING GARAGE, PARKING STRUCTURE • 112,500 SF
      2525 Market Ctr Blvd, Dallas, TX 75207
      View Details

    Similar Nearby for Sale

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    • $2,790,000
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      Dallas Mixed-Use Investment Opportunity

      Prime Dallas location, 8,906 sq ft, city & park views.
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    • $4,802,525
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      Retail Building For Sale

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    Similar Nearby for Lease

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      26,138 SF

      Dallas Design District Retail Pad

      Prime Retail Space, High Visibility, 26,138 SF
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      View Details
    • Contact for pricing
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      Versatile Dallas space, multiple uses, ample parking.
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      Restaurant Space with Drive-Thru

      2,220 SF restaurant space with drive-thru in unique design district.
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    • $18 SF/Yr
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      Retail Space in Dallas, TX

      Retail space available for lease in Dallas, Texas.
      1202 Dragon St, Dallas, TX 75207
      View Details
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    Dallas, TX 75207
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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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