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

    7224 Harry Hines Blvd Dallas, TX 75235-4012

    • Warehouses
    • 6,000 SF
    • 0.35 lot acres
    OFF-MARKET
    Last Sale
    Aug 28, 2020
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3767644
    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

    • carsudrive / Used Car Dealer / Car Dealer
    • ClwWarehousing / Warehouse

    Property Details for 7224 Harry Hines Blvd

    Year built
    1954
    Construction
    TILT-UP CONCRETE
    Lot size
    0.35 lot acres
    Property size
    6,000 SF
    Zone code
    Z46
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    214207000000
    APU
    214207000000

    Description

    This exceptional value-add industrial property, located at 7218-7224 Harry Hines Blvd in Dallas, Texas, presents a compelling investment opportunity. Comprising 13,280 square feet across two single-story buildings on a 0.68-acre lot, this property offers a unique blend of functionality and location. Built in 1954, the property is zoned for industrial use and features a mix of office and warehouse space in each unit. One unit is currently vacant, while the other is under a short-term lease expiring October 31, 2025. The property boasts convenient access to major transportation arteries, including I-35, Hwy 183, Hwy 114, and the Dallas North Tollway, ensuring seamless connectivity throughout the Dallas-Fort Worth Metroplex. Its prime location is approximately one mile from Dallas Love Field Airport (DAL) and five miles from Downtown Dallas. Unit 7218 includes ramped drive-in access, while unit 7224 offers both ramped drive-in and dock-high access. The asking price is $2,390,400, translating to $180 per square foot. This property is ideal for both owner-occupiers and investors seeking a value-add opportunity in a highly desirable Dallas location. The property's features include one dock-high door and is classified as Class C. The Dallas County property has APN 00000214207000000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.8562
    Latitude
    32.8282
    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
    $5,849
    $0.00
    $0.00
    $492,480
    -
    $0.00
    $0.00
    $492,480

    Comparable in this City

    • Value Estimation
      $1,345,000
      30,560 SF

      1550 Hinton St

      MINI-WAREHOUSE, STORAGE • 30,560 SF
      1550 Hinton St, Dallas, TX 75235-5102
      View Details
    • Value Estimation
      $850,000
      66,960 SF

      1608 Plantation Rd

      MINI-WAREHOUSE, STORAGE • 66,960 SF
      1608 Plantation Rd, Dallas, TX 75235-5003
      View Details
    • Value Estimation
      $740,000
      101,454 SF

      4641 Production Dr

      MINI-WAREHOUSE, STORAGE • 101,454 SF
      4641 Production Dr, Dallas, TX 75235-8027
      View Details
    • Value Estimation
      $505,000
      3,719 SF

      5503 Redfield St

      MINI-WAREHOUSE, STORAGE • 3,719 SF
      5503 Redfield St, Dallas, TX 75235
      View Details
    • Value Estimation
      $860,000
      30,351 SF

      5601 Redfield St

      MINI-WAREHOUSE, STORAGE • 30,351 SF
      5601 Redfield St, Dallas, TX 75235-7311
      View Details
    • Value Estimation
      $1,170,000
      45,653 SF

      3281 Mnr Way

      MINI-WAREHOUSE, STORAGE • 45,653 SF
      3281 Mnr Way, Dallas, TX 75235-5909
      View Details

    Similar Nearby for Sale

    • $1,399,999
      6,582 SF

      Dallas Industrial Investment Opportunity

      Prime Dallas location, 6,582 SF flex space.
      2616 Mockingbird Ln, Dallas, TX 75235
      View Details
    • Contact for pricing

      Dallas Industrial Pad Site

      ±0.63 Acres, Prime Infill Location
      1459 Prudential Dr, Dallas, TX 75235
      View Details
    • Contact for pricing
      5,600 SF

      Industrial Land For Sale

      Industrial land with good access and secure site.
      2053 Empire Central, Dallas, TX 75235
      View Details
    • $215,000
      1,072 SF

      Updated Condo Near Downtown Dallas

      Renovated condo with new features, close to downtown Dallas.
      5047 N Hall St, Dallas, TX 75235
      View Details
    • Contact for pricing

      Land Available on Denton Dr

      33,411 sq ft land parcel for sale.
      5520 Denton Drive Cut Off, Dallas, TX 75235
      View Details
    • $1,900,000

      Dallas Specialty Property for Sale

      Specialty property available for purchase in Dallas, Texas.
      2711 Kimsey Dr, Dallas, TX 75235
      View Details

    Similar Nearby for Lease

    • $19 SF/Yr
      12,900 SF

      Inwood Auto/Shop Space for Lease

      ±9,463 SF divisible shop space in Dallas.
      3317 Inwood Rd, Dallas, TX 75235
      View Details
    • $17 SF/Yr
      46,914 SF

      Mockingbird Ln Business Park Suite 207

      Prime Dallas office space, high visibility.
      1625 Mockingbird Ln, Dallas, TX 75235
      View Details
    • $17 SF/Yr
      13,400 SF

      Empire Central Industrial Property

      13,400 SF Warehouse, 1.8 Acres
      1915 Empire Central Dr, Dallas, TX 75235
      View Details
    • Contact for pricing
      30,625 SF

      Dallas Warehouse Space Available

      Prime Dallas warehouse, 7,208 sq ft.
      1533-1555 Prudential Dr, Dallas, TX 75235
      View Details
    • Contact for pricing
      39,600 SF

      Dallas Warehouse Space Available

      39,600 SF warehouse space for lease in Dallas.
      1611 Hinton St, Dallas, TX 75235
      View Details
    • $17 SF/Yr
      46,914 SF

      Mockingbird Lane Business Park

      Modern Office, Retail & Flex Space
      1625 Mockingbird Ln, Dallas, TX 75235
      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.
    7224 Harry Hines Blvd
    Dallas, TX 75235-4012
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.