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Property profile & analytics
OFF-MARKET
Estimated value
$1,340,000
Grocery and convenience stores
8698 Skillman St Dallas, TX 75243-8265
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US82-5161643
Property summary
AI-generated overview
Lake Highlands Village, located at 8698 Skillman St, Dallas, TX 75243, offers a prime retail opportunity in a thriving Dallas County neighborhood. This 171,068 square foot center, built in 1982 and renovated in 2019, boasts a diverse tenant mix including Tom Thumb, Starbucks, PNC Bank, Zato Sushi, Workout Anytime, CiCi's Pizza, and McDonald's. The property is ideally situated near Lake Highlands High School, benefiting from significant daily commuter traffic and the strong draw of its convenient location. Currently, there are 19 spaces available, ranging from 602 to 7,620 contiguous square feet, with a total of 47,240 square feet currently vacant. The center serves the affluent Lake Highlands trade area, a neighborhood experiencing tremendous growth and high demand. This grocery-anchored center presents a unique opportunity for businesses seeking exposure in a desirable and high-traffic location. The minimum divisible space is 602 square feet, making it suitable for a variety of retail concepts. This property offers a strong investment opportunity within a rapidly developing area of Dallas.
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1981
Construction
TILT-UP CONCRETE
Total area
48,037 SF
Lot
4.01 ac (174,676 SF)
Zoning code
Z59
APN
008103000002D0000
UPID
US82-5161643
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
-
Tom Thumb Pharmacy Pharmacy
-
Tom Thumb Grocery & Convenience Store Food Market
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
Wells Fargo ATM Atm
-
Starbucks Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$820k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.86M
Blend (final)
Blend
$1.34M
Owner & transaction history
Jahco Royal Skillman LLC · 19 yrs held
Jahco Royal Skillman LLC
since 2007
2 recorded transactions
Zoning & alternative use
Z59 · Dallas, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$820,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.34M
Range $1.21M – $1.47M · ±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
$28 / 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
$123,442
Tax year 2023
Assessed value
$5,092,400
Assessed 2023
Previous assessed
$5,092,400
+0.0% YoY
Effective rate
2.42%
On assessed value
Assessed land
$2,096,110
Assessed improvement
$2,996,290
Land market value
$2,096,110
Improvement market value
$2,996,290
Total market value
$5,092,400
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
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1981
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
48,037 SF
Lot
4.01 ac (174,676 SF)
Zoning code
Z59
APN
008103000002D0000
UPID
US82-5161643
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z59 · Dallas, TX
Zoning Z59 · permitted uses
Z59 · 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.
Building & site characteristics
From public records
Year built
1981
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
4.01 ac
Current owner
From public records · entity-resolved
Jahco Royal Skillman LLC
Entity
Mailing address
1717 MAIN ST STE #2600, DALLAS, TX 75201-7310
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 19, 2017
—
Jahco Royal Skillman LLC
—
Grant Deed
related
$10,300,000 · Miscellaneous Ins Co
Jan 9, 2007
—
Jahco Royal Skillman LLC
Owner Name Unavailable
Grant Deed
related
$12,020,000 · J P Morgan Chase Bank
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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