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Property profile & analytics
OFF-MARKET
Estimated value
$895,000
Grocery and convenience stores
8620 Lk June Rd Dallas, TX 75217-2325
Entity Owned
12-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-9428658
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2016
Construction
STEEL FRAME
Total area
10,659 SF
Lot
2.7 ac (117,743 SF)
Zoning code
Z163
APN
006658000002A0000
UPID
US82-9428658
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Fox Fuels Gas Station
-
ATM (ATM Link, Inc.) Atm
-
CELL FIX Mobile Phone Store Electronics & Wireless Store
-
Envios Yessie Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$540k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.25M
Blend (final)
Blend
$895k
Owner & transaction history
Sikka Investments LLC · 12 yrs held
Sikka Investments LLC
since 2014
7 recorded transactions
Zoning & alternative use
Z163 · Dallas, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.3M
+223.7%
Retail stores
$1.0M
+150.1%
Warehouse, storage
$900,000
+117.1%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Dallas submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Dallas submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$540,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,340,000
Change: +224% · Conversion: Difficult
RETAIL STORES
$1,035,000
Change: +150% · Conversion: Easy
WAREHOUSE, STORAGE
$900,000
Change: +117% · Conversion: Difficult
MEDICAL BUILDING
$725,000
Change: +75% · Conversion: Difficult
OFFICE BUILDING
$705,000
Change: +71% · Conversion: Moderate
Blend value · Realmo final
$895k
Range $806k – $985k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$84 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$46,378
Tax year 2023
Assessed value
$2,021,000
Assessed 2023
Previous assessed
$2,021,000
+0.0% YoY
Effective rate
2.29%
On assessed value
Assessed land
$144,820
Assessed improvement
$1,876,180
Land market value
$144,820
Improvement market value
$1,876,180
Total market value
$2,021,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2016
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
10,659 SF
Lot
2.7 ac (117,743 SF)
Zoning code
Z163
APN
006658000002A0000
UPID
US82-9428658
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z163 · Dallas, TX
Zoning Z163 · permitted uses
Z163 · Dallas, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Dallas. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$1.3M
RETAIL STORES
Est. value
$1.0M
WAREHOUSE, STORAGE
Est. value
$900,000
MEDICAL BUILDING
Est. value
$725,000
OFFICE BUILDING
Est. value
$705,000
AUTO REPAIR, GARAGE
RETAIL STORES
WAREHOUSE, STORAGE
MEDICAL BUILDING
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2016
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
2.7 ac
Current owner
From public records · entity-resolved
Sikka Investments LLC
Entity
Free & Clear · 12 yrs held
Mailing address
125 S WACKER DR STE #1220, CHICAGO, IL 60606-4430
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 26, 2017
—
Sikka Investments LLC
—
Loan Modification
related
$3,520,927 · Golden Bk
Feb 3, 2014
—
Sikka Investments LLC
Texas Republic Bk NA
Grant Deed
related
—
Jun 7, 2011
—
Texas Republic Bk NA
Norman,david R
Trustees Deed
related
—
Mar 19, 2009
—
Lake June Land LLC
Brantley,lynn B
Warranty Deed
$235,750 · Texas Republic Bk NA
—
—
Sikka Investments LLC
—
Loan Modification
related
$2,599,000 · Golden Bk
—
—
Sikka Investments LLC
—
Loan Modification
related
$282,000 · Golden Bk
—
—
Sikka Investments LLC
—
Loan Modification
related
$872,000 · Golden Bk
—
—
Lake June Land LLC
—
Loan Modification
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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