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    8220 Spg Vly Rd Dallas, TX 75240-3831
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    Property profile & analytics

    8220 Spg Vly Rd, Dallas, TX 75240-3831

    View on Map
    • Retail space
    • 7,440 SF
    • 0.84 lot acres
    Off-Market
    Property ID
    US83-3949647
    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
    $565,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • La Picosa / Restaurant
    • Aqua Wash / (Bike/Boat/Book/etc) Store
    • Western Union / Bank / Credit Union
    • Orlandi Valuta / Bank / Credit Union
    • Coin Laundry Lavanderia / (Bike/Boat/Book/etc) Store

    Property Details for 8220 Spg Vly Rd

    Year built
    1998
    Construction
    TILT-UP CONCRETE
    Lot size
    0.84 lot acres
    Zone code
    Z59
    Property type
    Retail space
    APN
    007759000112B0000
    APU
    007759000112B0000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 12, 2019 — Nayebcorp INC — Deed · related $20.1M · Simmons Bk
    Jun 20, 2013 — Nayebcorp INC — Deed Of Trust · related $12.5M · Southwest Bank
    May 23, 2003 — Nayebcorp INC Lishin Enterprises INC Grant Deed $840k · Commerce Bank Texas
    — — Nayebcorp INC — Deed Of Trust · related $20.1M · Simmons Bk

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $565,000
      Market price range: $198k - $609k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $440,000
      Current use
      AUTO REPAIR, GARAGE
      $870,000
      Change: +98% Conversion: Difficult
      MEDICAL BUILDING
      $505,000
      Change: +15% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.7637
    Latitude
    32.9394
    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
    $36,552
    $0.00
    $0.00
    $1,594,050
    -
    $0.00
    $0.00
    $1,594,050

    Comparable in this City

    • Value Estimation
      $1,330,000
      20,914 SF

      13920 Dallas Pkwy

      RETAIL STORES (PERSONAL SERVICES)
      13920 Dallas Pkwy, Dallas, TX 75240-4338
      View Details
    • Value Estimation by Request
      4,785 SF

      6049 Lyndon B Johnson Fwy

      RETAIL STORES (PERSONAL SERVICES)
      6049 Lyndon B Johnson Fwy, Dallas, TX 75240-6103
      View Details
    • Value Estimation
      $585,000
      9,802 SF

      13420 Preston Rd

      RETAIL STORES (PERSONAL SERVICES)
      13420 Preston Rd, Dallas, TX 75240-5210
      View Details
    • Value Estimation
      $785,000
      12,764 SF

      13033 Coit Rd

      RETAIL STORES (PERSONAL SERVICES)
      13033 Coit Rd, Dallas, TX 75240-5723
      View Details
    • Value Estimation
      $920,000
      15,160 SF

      13022 Preston Rd

      RETAIL STORES (PERSONAL SERVICES)
      13022 Preston Rd, Dallas, TX 75240-5202
      View Details
    • Value Estimation by Request
      6,036 SF

      13149 Preston Rd

      RETAIL STORES (PERSONAL SERVICES)
      13149 Preston Rd, Dallas, TX 75240-5203
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      9,677 SF

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      Office building with 9,677 square feet available for sale/lease.
      13647 Montfort Dr, Dallas, TX 75240
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    • $555,000
      0.26 Acres

      Corner Lot Duplex Investment

      Updated full-duplex on a corner lot in Richardson ISD with one unit leased through December 2026.
      13351 Kit Ln, Dallas, TX 75240
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      1 SF

      Prime Land Near Dallas Galleria

      1.23 AC land with access to major thoroughfares.
      5840 Alpha Rd, Dallas, TX 75240
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    • Contact for pricing

      Prime Land Near Galleria Mall

      1.12 acres suitable for office development near Galleria Mall.
      13621 Montfort Dr, Dallas, TX 75240
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      Hard Corner Pad Site Available

      Land for ground lease with high visibility and easy access.
      13958 Dallas Pkwy, Dallas, TX 75240
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    Similar Nearby for Lease

    • Contact for pricing
      12,515 SF

      Retail Space Near Galleria

      Retail space in mixed-use development, centrally located in North Dallas.
      5225 Alpha Rd, Dallas, TX 75240
      View Details
    • Contact for pricing
      4,108 SF

      Retail Building Near Major Thoroughfares

      4,108 SF building ideal for daycare, office, or church.
      13408 Kit Ln, Dallas, TX 75240
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    • Contact for pricing
      1,135 SF

      Retail Space at Alpha & Montfort

      Retail space available at a prominent corner location.
      13519-13549 Montfort Dr, Dallas, TX 75240
      View Details
    • Contact for pricing
      2,117 SF

      Retail and Office Space Available

      Retail and office space for lease with apartments on property.
      5301 Alpha Rd, Dallas, TX 75240
      View Details
    • Contact for pricing
      12,062 SF

      Retail Space Available For Lease

      Former 99 Cent Only building available for lease in Dallas.
      13444 Preston Rd, Dallas, TX 75240
      View Details
    • Contact for pricing
      1,872 SF

      Freestanding Retail Space Available

      9,802 SF freestanding retail space, anchored by 99 Cents Only & ALDI.
      13536 Preston Rd, Dallas, TX 75240
      View Details
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    Dallas, TX 75240-3831
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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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