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    7501 Chesterfield Dr Dallas, TX 75237-3492

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    7501 Chesterfield Dr Dallas, TX 75237-3492

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    • Apartment buildings
    • 242,898 SF
    • 11.13 lot acres
    Off-Market
    Property ID
    US82-0228184
    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
    $790,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Dream Boii Musik Group LLC / Recording Studio
    • Machandra's Baked Goods / Bakery / Take-out & Catering
    • Mandalay Palms Apartments - Shore Side / Apartment Complex
    • On Boss-ish / Clothing Store

    Property Details for 7501 Chesterfield Dr

    Year built
    1985
    Construction
    FRAME
    Lot size
    11.13 lot acres
    Property size
    242,898 SF
    Zone code
    Z163
    Property type
    Apartment buildings
    APN
    0069300A0002A0000
    APU
    0069300A0002A0000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $635,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $947,000
      Market price range: $649k - $1.38M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $1,015,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.8707
    Latitude
    32.6559
    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
    $546,234
    $1,454,990
    $22,348,340
    $23,803,330
    -
    $1,454,990
    $22,348,340
    $23,803,330

    Comparable in this City

    • Value Estimation
      $850,000
      312,180 SF

      7351 Chaucer Pl

      APARTMENT HOUSE (5+ UNITS) • 312,180 SF
      7351 Chaucer Pl, Dallas, TX 75237-3101
      View Details
    • Value Estimation by Request
      66,800 SF

      7515 Chaucer Pl

      APARTMENT HOUSE (5+ UNITS) • 66,800 SF
      7515 Chaucer Pl, Dallas, TX 75237-3525
      View Details
    • Value Estimation by Request
      20,810 SF

      3913 Gannon Ln

      APARTMENT HOUSE (5+ UNITS) • 20,810 SF
      3913 Gannon Ln, Dallas, TX 75237-4293
      View Details
    • Value Estimation
      $635,000
      187,432 SF

      7676 Westmoreland Rd

      APARTMENT HOUSE (5+ UNITS) • 187,432 SF
      7676 Westmoreland Rd, Dallas, TX 75237-3315
      View Details
    • Value Estimation
      $655,000
      214,992 SF

      8410 Westmoreland Rd

      APARTMENT HOUSE (5+ UNITS) • 214,992 SF
      8410 Westmoreland Rd, Dallas, TX 75237-3807
      View Details
    • Value Estimation
      $1,315,000
      374,400 SF

      7202 Westmoreland Rd

      APARTMENT HOUSE (5+ UNITS) • 374,400 SF
      7202 Westmoreland Rd, Dallas, TX 75237-2906
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Multifamily Property With 62 Units

      Multifamily property featuring 62 units, ideal for residential income.
      7515 Chaucer Pl, Dallas, TX 75237
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      Dallas Land For Sale

      Land for sale in Dallas, near S Cockrell Hill.
      4350 Gannon Ln, Dallas, TX 75237
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      Dallas Land Near Interstate 20

      1.99-acre commercial land with access to major routes.
      8718 Stoneview Dr, Dallas, TX 75237
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      20,400 SF

      Retail Center in Dallas, Texas

      Value-add retail center with high visibility in Dallas, Texas.
      3906 W Camp Wisdom Rd, Dallas, TX 75237
      View Details
    • Contact for pricing

      Land Near Interstate 20

      Land at the corner of Westmoreland Rd and Investor Dr.
      7233 S Westmoreland Rd, Dallas, TX 75237
      View Details
    • $3,010,000

      Mixed-Use Land IH-20 & US-67

      13 acres of mixed-use land with high traffic exposure.
      7500 Cliff Creek Crossing Dr, Dallas, TX 75237
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      36,698 SF

      Office Space Available For Rent

      Office space available for rent in Dallas, Texas.
      3662 West Camp Wisdom Rd, Dallas, TX 75237
      View Details
    • Contact for pricing
      1,000 SF

      Retail Space Near Redbird Mall

      Retail space for lease near IH-20 & SH-67.
      3643-3659 W Camp Wisdom Rd, Dallas, TX 75237
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space For Lease

      In-line retail space available for lease with ample parking.
      3203 W Camp Wisdom Rd, Dallas, TX 75237
      View Details
    • $20 SF/Yr
      6,025 SF

      Retail Building in Dallas, TX

      6,025 SF retail building for sale in Dallas, TX.
      2738 W Wheatland Rd, Dallas, TX 75237
      View Details
    • Contact for pricing
      980 SF

      Retail Space with Barber Chairs

      Open concept retail space with barber chairs for rent.
      7010 American Way, Dallas, TX 75237
      View Details
    • Contact for pricing

      Shilling Way Warehouse Space Available

      25,970 SF warehouse space with office and dock doors.
      4311 Shilling Way, Dallas, TX 75237
      View Details
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    Dallas, TX 75237-3492
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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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    7501 Chesterfield Dr, Dallas, TX, 75237

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