Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    8040 Frst Ln Dallas, TX 75243-3819
    Back to Search
    Property profile & analytics

    8040 Frst Ln, Dallas, TX 75243-3819

    View on Map
    • Car washes
    • 4,945 SF
    • 1.15 lot acres
    Off-Market
    Property ID
    US82-0109762
    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
    $705,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • E-Z Shine Car Wash & Detail / Car Wash

    Property Details for 8040 Frst Ln

    Year built
    2002
    Construction
    TILT-UP CONCRETE
    Lot size
    1.15 lot acres
    Property type
    Car washes
    APN
    007319000A0060000
    APU
    007319000A0060000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 22, 2017 — Bright Brigade Car Spa LLC Jung Oh INC Venders Lien $2.2M · Commonwealth Bank
    Dec 28, 2005 — Jung Oh INC Flagship Forest Car Wash Ptrs Grant Deed $2M · Business Loan Center INC
    Jun 28, 2002 — Flagship Forest Car Wash Partn F,flagship II Car Wash Partners Quit Claim Deed · related —
    Dec 14, 2001 — Flagship Car Wash Partners LP Oasis Car Wash INC Grant Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $535,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $875,000
      Market price range: $356k - $875k

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.7666
    Latitude
    32.9087
    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
    $33,196
    $1,000,920
    $368,510
    $1,369,430
    -
    $1,000,920
    $368,510
    $1,369,430

    Comparable in this City

    • Value Estimation by Request
      1,280 SF

      13010 Abrams Rd

      CAR WASH
      13010 Abrams Rd, Dallas, TX 75243-2134
      View Details
    • Value Estimation by Request
      3,100 SF

      12219 Plano Rd

      CAR WASH
      12219 Plano Rd, Dallas, TX 75243-9145
      View Details
    • Value Estimation
      $515,000
      3,279 SF

      12251 Plano Rd

      CAR WASH
      12251 Plano Rd, Dallas, TX 75243-5301
      View Details
    • Value Estimation by Request
      2,464 SF

      9686 Walnut St

      CAR WASH
      9686 Walnut St, Dallas, TX 75243-2325
      View Details
    • Value Estimation by Request
      2,540 SF

      9631 Skillman St

      CAR WASH
      9631 Skillman St, Dallas, TX 75243
      View Details
    • Value Estimation
      $2,550,000
      53,705 SF

      11510 Frst Central Dr

      VEHICLE SALES, RENTALS
      11510 Frst Central Dr, Dallas, TX 75243
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,148 SF

      Convenience Center with Fuel Station

      Two-tenant convenience center with fuel station in Northeast Dallas.
      9230 Skillman St, Dallas, TX 75243
      View Details
    • Contact for pricing
      7,920 SF

      Two-Unit Building with Office/Warehouse

      Two-unit building featuring office and warehouse spaces, mechanic shop tenant.
      13550 Vargon St, Dallas, TX 75243
      View Details
    • Contact for pricing
      142,784 SF

      Prime Dallas Corridor Retail Property

      Infill site with redevelopment potential and stabilized income stream.
      13929-13949 N Central Expy, Dallas, TX 75243
      View Details
    • Contact for pricing
      264,495 SF

      Dallas Office Building For Sale

      Value-add office investment in North Dallas with retail space.
      12225 Greenville Ave, Dallas, TX 75243
      View Details
    • Contact for pricing
      241,758 SF

      Prime Mixed-Use Development Opportunity

      High-density mixed-use development site with excellent thoroughfare access.
      12224 N Central Expy, Dallas, TX 75243
      View Details
    • Contact for pricing
      15,286 SF

      Church Campus Ready for Expansion

      Well-maintained church campus with expansion potential in Dallas, Texas.
      8568 Stults Rd, Dallas, TX 75243
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,000 SF

      Retail Space Near I-635E

      Retail space available near I-635E with high consumer spending.
      9210 Skillman St, Dallas, TX 75243
      View Details
    • Contact for pricing
      500 SF

      Retail Space on Forest Lane

      500 SF retail suite available in Dallas, Texas.
      9150 Forest Ln, Dallas, TX 75243
      View Details
    • Contact for pricing
      6,870 SF

      Grocery Anchored Retail Center

      Premier shopping center in high-growth Dallas neighborhood.
      8602 Skillman St, Dallas, TX 75243
      View Details
    • Contact for pricing
      1,015 SF

      Retail Space in Asian Plaza

      Retail space available for lease in Dallas' Asian Plaza.
      9780 Walnut St, Dallas, TX 75243
      View Details
    • Contact for pricing
      720 SF

      Retail Space in High-Traffic Area

      Retail property at a busy intersection near residential areas.
      13340 Audelia Rd, Dallas, TX 75243
      View Details
    • Contact for pricing
      14,949 SF

      Former Retail Space Available

      Available retail space, previously occupied by CVS.
      9390 Forest Ln, Dallas, TX 75243
      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.
    8040 Frst Ln
    Dallas, TX 75243-3819
    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

    Thank You for Inquiry
    8040 Frst Ln, Dallas, TX, 75243
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!