801 W Palestine St Hutchins, TX 75141
Property Lookup
Property profile & analytics
801 W Palestine St Hutchins, TX 75141
- Strip malls
- 4,736 SF
- 0.53 lot acres
Property ID
US82-0524552
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.
Location Intelligence
Current Use by Public Records
- Trinity Tires and Wheels / (Bike/Boat/Book/etc) Store / Auto Parts Store
- Hutchins Liquor / (Bike/Boat/Book/etc) Store / Wine and Liquor Store
- Grillo's Bar-B-Que / Restaurant
- Bites N Smilez snow cone shop / Restaurant
- Cute Bites / Bakery / Specialty Food Shop
Property Details for 801 W Palestine St
- Year built
- 1963
- Construction
- FRAME
- Lot size
- 0.53 lot acres
- Property size
- 4,736 SF
- Zone code
- Z137
- Property type
- Strip malls
- Property subtype
- Shopping centers
- APN
- 30009500060090200
- APU
- 30009500060090200
Description
This exceptional retail property at 801 W Palestine St in Hutchins, Texas, presents a compelling investment opportunity. The 6,150 square foot building, completely renovated in 2024, boasts a strong 100% occupancy rate across three tenants operating as a convenience store, QSR/fast food, and restaurant. The property generates a substantial net operating income (NOI) of $150,000, resulting in an attractive 7.00% capitalization rate. Priced at $2,142,000 ($348.29/sq ft), this NNN-leased property offers a diversified tenant mix and significant upside potential. Located in a rapidly growing area of Hutchins, the property benefits from its proximity to major highways (I-45 and I-20), a new Amazon fulfillment center, and the under-construction Southaven residential development (700+ new homes). The area also features a balanced mix of industrial and residential zones, and is served by the Dallas Independent School District. Furthermore, the property's strategic location within the Dallas-Fort Worth Metroplex, approximately 10 miles south of downtown Dallas, and the presence of a new City Hall under construction nearby, contribute to its long-term value and growth prospects. Built in 1968, this property offers a rare combination of established income and significant future growth potential within a thriving community. The property is situated in Dallas County, Texas, zip code 75141.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Hutchins
- County
- Dallas
- State
- Texas
- Longitude
- -96.7225
- Latitude
- 32.6443
- 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
$14,230
$80,500
$569,500
$650,000
-
$80,500
$569,500
$650,000
