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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    8702 Polk St Dallas, TX 75232-5112

    • Grocery and convenience stores
    • 6,240 SF
    • 1.25 lot acres
    OFF-MARKET
    Value Estimations
    $570,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2375735
    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.

    Current Use by Public Records

    • Tiger Mart / Convenience Store
    • Coinsource Bitcoin ATM / Atm
    • Smoothie Factory / Juice Shop / Cafe
    • Subway / Restaurant / Caterer
    • Exxon / Gas Station

    Property Details for 8702 Polk St

    Year built
    2005
    Construction
    TILT-UP CONCRETE
    Lot size
    1.25 lot acres
    Property size
    6,240 SF
    Zone code
    Z248
    Property type
    Grocery and convenience stores
    APN
    007578000A01A0000
    APU
    007578000A01A0000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $560,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $578,000
      Market price range: $578k - $929k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $440,000
      Current use
      COMMERCIAL (GENERAL)
      $905,000
      Change: +105% Conversion: Easy
      RESTAURANT
      $875,000
      Change: +99% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $730,000
      Change: +65% Conversion: Difficult
      RETAIL STORES
      $655,000
      Change: +48% Conversion: Easy
      MEDICAL BUILDING
      $425,000
      Change: -4% Conversion: Difficult
      OFFICE BUILDING
      $415,000
      Change: -6% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.8394
    Latitude
    32.6438
    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
    $30,649
    $1,087,260
    $248,340
    $1,335,600
    -
    $1,087,260
    $248,340
    $1,335,600

    Comparable in this City

    • Value Estimation
      $970,000
      54,166 SF

      1201 Cp Wisdom Rd

      GROCERY, SUPERMARKET • 54,166 SF
      1201 Cp Wisdom Rd, Dallas, TX 75232-3405
      View Details
    • Value Estimation
      $490,000
      7,156 SF

      8800 Polk St

      CONVENIENCE STORE • 7,156 SF
      8800 Polk St, Dallas, TX 75232-5128
      View Details
    • Value Estimation
      $620,000
      5,124 SF

      8207 Hampton Rd

      CONVENIENCE STORE • 5,124 SF
      8207 Hampton Rd, Dallas, TX 75232-5123
      View Details
    • Value Estimation
      $570,000
      6,400 SF

      8770 Polk St

      CONVENIENCE STORE • 6,400 SF
      8770 Polk St, Dallas, TX 75232-5112
      View Details
    • Value Estimation
      $430,000
      5,042 SF

      8661 Hampton Rd

      CONVENIENCE STORE • 5,042 SF
      8661 Hampton Rd, Dallas, TX 75232-5132
      View Details
    • Value Estimation
      $370,000
      3,276 SF

      5950 R L Thornton Fwy

      CONVENIENCE STORE • 3,276 SF
      5950 R L Thornton Fwy, Dallas, TX 75232-2100
      View Details

    Similar Nearby for Sale

    • $5,275,000
      2,724 SF

      Retail Property in Dallas, Texas

      Retail property available for sale in Dallas, Texas.
      8150 South Hampton Rd, Dallas, TX 75232
      View Details
    • $900,000
      5,801 SF

      Retail Investment Opportunity, Dallas, TX

      High-traffic location, fully leased, established businesses, immediate income.
      9415 S R L Thornton Fwy, Dallas, TX 75232
      View Details
    • $2,007,373
      3.29 Acres

      Dallas Commercial Land - $2M+

      Prime 3.29-acre development site in South Dallas.
      2252 Wheatland Rd, Dallas, TX 75232
      View Details
    • Contact for pricing

      Pad Site on Hampton Road

      Pad site with high visibility and easy access.
      8520 S Hampton Rd, Dallas, TX 75232
      View Details
    • Contact for pricing
      0.44 Acres

      Dallas Pad Site - High Traffic Area

      0.44-acre commercial lot, prime Dallas location.
      8520 Hampton Rd, Dallas, TX 75232
      View Details
    • Contact for pricing

      Dallas Commercial Land - 45k SF

      Prime Dallas location, ±45,000 SF commercial land.
      8602 Polk St, Dallas, TX 75232
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      9,080 SF

      Prime Retail Space, S. Polk St

      Dallas retail spaces, 588-8492 sq ft
      8108 Polk St, Dallas, TX 75232
      View Details
    • Contact for pricing

      9.741 Acres Commercial Land Available

      Commercial land available between Carter High School & Raising Cane’s.
      2205 W Wheatland Rd, Dallas, TX 75232
      View Details
    • Contact for pricing
      199,800 SF

      Industrial Space Available For Lease

      Industrial space available for lease with 199,800 square feet.
      2303 Beckleymeade Ave, Dallas, TX 75232
      View Details
    • $17 SF/Yr
      1,789 SF

      Office Space with Freeway Visibility

      Office space for rent with ample parking and freeway access.
      8344 E R L Thornton Fwy, Dallas, TX 75232
      View Details
    • Contact for pricing
      234,900 SF

      Industrial Space Available For Lease

      234,900 SF industrial space available for lease.
      2335 Beckleymeade Ave, Dallas, TX 75232
      View Details
    • Contact for pricing

      Prime Commercial Parcel For Rent

      42,641 SF parcel near major retailers and thoroughfares.
      2305 W Wheatland Rd, Dallas, TX 75232
      View Details

    Property Visit Statistics

    • Visits by month
      24.8k
    • Visitors by month
      14.8k
    • Avg Time on site
      6 min
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    8702 Polk St
    Dallas, TX 75232-5112
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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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