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

    7570 Skillman St Dallas, TX 75231-8332

    • Apartment buildings
    • 32,065 SF
    • 1.62 lot acres
    OFF-MARKET
    Value Estimations
    $665,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3024796
    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

    • Apartment buildings

    Property Details for 7570 Skillman St

    Year built
    1986
    Construction
    FRAME
    Lot size
    1.62 lot acres
    Property size
    32,065 SF
    Zone code
    Z163
    Property type
    Apartment buildings
    APN
    0081360A000020000
    APU
    0081360A000020000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $865,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $462,000
      Market price range: $111k - $593k

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.7331
    Latitude
    32.8854
    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
    $124,990
    $847,900
    $4,308,350
    $5,156,250
    -
    $847,900
    $4,308,350
    $5,156,250

    Comparable in this City

    • Value Estimation
      $915,000
      137,832 SF

      6161 Pineland Dr

      APARTMENT HOUSE (5+ UNITS) • 137,832 SF
      6161 Pineland Dr, Dallas, TX 75231-8204
      View Details
    • Value Estimation
      $1,435,000
      183,756 SF

      5759 Pineland Dr

      APARTMENT HOUSE (5+ UNITS) • 183,756 SF
      5759 Pineland Dr, Dallas, TX 75231-5373
      View Details
    • Value Estimation
      $600,000
      69,674 SF

      5918 Ridgecrest Rd

      APARTMENT HOUSE (5+ UNITS) • 69,674 SF
      5918 Ridgecrest Rd, Dallas, TX 75231
      View Details
    • Value Estimation
      $820,000
      93,427 SF

      6050 Ridgecrest Rd

      APARTMENT HOUSE (5+ UNITS) • 93,427 SF
      6050 Ridgecrest Rd, Dallas, TX 75231-6793
      View Details
    • Value Estimation by Request
      11,696 SF

      6431 Ridgecrest Rd

      APARTMENT HOUSE (5+ UNITS) • 11,696 SF
      6431 Ridgecrest Rd, Dallas, TX 75231-6900
      View Details
    • Value Estimation
      $3,950,000
      376,497 SF

      8213 Mdw Rd

      APARTMENT HOUSE (5+ UNITS) • 376,497 SF
      8213 Mdw Rd, Dallas, TX 75231-3796
      View Details

    Similar Nearby for Sale

    • $259,000
      861 SF

      Dallas Condo with Remodeled Interior

      Two-bedroom condo in Dallas, featuring remodeled interiors and community amenities.
      8601 Park Lane Ct, Dallas, TX 75231
      View Details
    • $128,000
      775 SF

      Updated Condo with Balcony View

      Clean, updated condo near Dallas restaurants, entertainment, and highways.
      7431 Holly Hill Dr, Dallas, TX 75231
      View Details
    • $649,000
      0.23 Acres

      Updated Duplex in Dallas, TX

      Well-maintained duplex with updates, close to amenities and transportation.
      7415-7417 Walling Ln, Dallas, TX 75231
      View Details
    • $145,000
      663 SF

      Updated Condo with Garage

      Updated condo with garage, balcony, and greenbelt view in Dallas.
      7340 Skillman St, Dallas, TX 75231
      View Details
    • $199,000
      876 SF

      Updated Condo in Lake Highlands

      Updated 1 bed, 1.5 bath condo in Dallas.
      9910 Royal Ln, Dallas, TX 75231
      View Details
    • Contact for pricing
      35,000 SF

      Calloway's Nursery Dallas Investment Opportunity

      New construction Calloway's Nursery on 1.73 acres in Dallas.
      7600 Greenville Ave, Dallas, TX 75231
      View Details

    Similar Nearby for Lease

    • $4,199 /Mo

      Luxurious Preston Hollow Unit

      Upscale 2 bed, 2.5 bath unit with den in Dallas.
      8066 Park Lane Ct, Dallas, TX 75231
      View Details
    • $1,690 /Mo
      1,087 SF

      Updated Condo Near Downtown Dallas

      Updated one-bedroom condo with new features, close to downtown Dallas.
      6738 Eastridge Dr, Dallas, TX 75231
      View Details
    • $19 SF/Yr
      128,161 SF

      Greenville Ave Medical Office Space

      Dallas medical office building, 16 suites available.
      7515 Greenville Ave, Dallas, TX 75231
      View Details
    • Contact for pricing
      192,185 SF

      Meadow Central Executive Suites

      Dallas Office Space: 510-8,256 SF
      10260 Central Expy, Dallas, TX 75231
      View Details
    • Contact for pricing
      2,398 SF

      Lake Highlands Retail Center

      Prime Dallas location, 2,398 sq ft, single tenant.
      7100 Wildcat Way, Dallas, TX 75231
      View Details
    • $32 SF/Yr
      224 SF

      Dallas Office Space For Lease

      Move-in ready office suites with downtown and lake views.
      6510 Abrams Rd, Dallas, TX 75231
      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.
    7570 Skillman St
    Dallas, TX 75231-8332
    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.