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

    708 Cedar St Cedar Hill, TX 75104-4606

    • Strip malls
    • 1,120 SF
    • 0.05 lot acres
    OFF-MARKET
    Value Estimations
    $325,000
    Show details
    Cap Rate Potential
    5.8%
    Strip malls
    Location Intelligence
    Property ID
    US82-0542810
    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

    • Strip malls

    Property Details for 708 Cedar St

    Year built
    1967
    Construction
    TILT-UP CONCRETE
    Lot size
    0.05 lot acres
    Property size
    1,120 SF
    Zone code
    Z217
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    160215000003R0000
    APU
    160215000003R0000

    Description

    This exceptional 517-square-foot commercial space is ideally situated in the heart of Cedar Hill's downtown square at 708 Cedar St, zip code 75104, Dallas County, Texas. Currently configured as a single-tenant space, this property offers versatile potential for either retail or traditional office use. The space may require tenant improvements to meet specific needs, and depending on lease terms, tenant improvement allowances are negotiable. This presents a unique opportunity to customize the space to perfectly suit your business requirements. The building enjoys a prime location directly across from the vibrant Jim Lakes Downtown Cedar Hill Project, ensuring high visibility and foot traffic. The surrounding area boasts a thriving mix of retail establishments, restaurants, and other office spaces, creating a dynamic and convenient environment for your business. This property is ready for immediate occupancy and offers a chance to establish a presence in a rapidly growing and desirable Texas community. The property is classified as Retail and Office, with a Traditional Office subtype.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $340,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $335,000
      6.5%
      $310,000
      7%
      $285,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Hill
    County
    Dallas
    State
    Texas
    Longitude
    -96.9575
    Latitude
    32.5885
    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
    $4,087
    $17,880
    $157,960
    $175,840
    -
    $17,880
    $157,960
    $175,840

    Comparable in this City

    • Value Estimation
      $745,000
      15,000 SF

      538 Belt Line Rd

      SHOPPING CENTER, STRIP CENTER • 15,000 SF
      538 Belt Line Rd, Cedar Hill, TX 75104-2209
      View Details
    • Value Estimation
      $340,000
      512 SF

      706 Cedar St

      SHOPPING CENTER, STRIP CENTER • 512 SF
      706 Cedar St, Cedar Hill, TX 75104-4606
      View Details
    • Value Estimation
      $1,200,000
      32,880 SF

      213 Hwy 67

      SHOPPING CENTER, STRIP CENTER • 32,880 SF
      213 Hwy 67, Cedar Hill, TX 75104-2168
      View Details
    • Value Estimation
      $990,000
      29,276 SF

      420 Hwy 67

      SHOPPING CENTER, STRIP CENTER • 29,276 SF
      420 Hwy 67, Cedar Hill, TX 75104-2140
      View Details
    • Value Estimation
      $535,000
      8,940 SF

      949 J Elmer Weaver Fwy

      SHOPPING CENTER, STRIP CENTER • 8,940 SF
      949 J Elmer Weaver Fwy, Cedar Hill, TX 75104
      View Details
    • Value Estimation
      $340,000
      8,550 SF

      301 Hwy 67

      SHOPPING CENTER, STRIP CENTER • 8,550 SF
      301 Hwy 67, Cedar Hill, TX 75104
      View Details

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      Prime Commercial Acreage in Cedar Hill

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      Prime Land in Cedar Hill

      1.812 acres for retail or office use in Cedar Hill.
      500 W Fm 1382, Cedar Hill, TX 75104
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    Similar Nearby for Lease

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      Prime Retail Space in Cedar Hill

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      Cedar Hill Retail Center Investment

      High-traffic retail space available in Dallas County.
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      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in Cedar Hill

      Retail space available within a power center anchored by Target.
      420 E Pleasant Run Rd, Cedar Hill, TX 75104
      View Details
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    Cedar Hill, TX 75104-4606
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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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