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    8703 E R L Thornton Fwy Dallas, TX 75228
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    8703 E R L Thornton Fwy, Dallas, TX 75228

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    • Hotels
    • 57,795 SF
    • 2.05 lot acres
    For Sale
    $9,600,000
    View Listing →
    Dallas Hotel Near Transportation Hubs For Sale
    $9,600,000
    59,535 SF

    Dallas Hotel Near Transportation Hubs

    Strategically located hotel with easy access to Dallas attractions.

    8703 E R L Thornton Fwy, Dallas, TX 75228
    View Listing
    Property ID
    US82-3602261
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • cotton bowl / Gym & Fitness Center
    • Holiday Inn Express & Suites Dallas East - Fair Park, an IHG Hotel / Hotel & Motel

    Property Details for 8703 E R L Thornton Fwy

    Year built
    2008
    Construction
    FRAME
    Lot size
    2.05 lot acres
    Zone code
    Z248
    Property type
    Hotels
    APN
    008474000F0020000
    APU
    008474000F0020000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $670,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $947,000
      Market price range: $494k - $2.25M

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $1,230,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.6941
    Latitude
    32.7964
    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
    $105,560
    $894,290
    $3,705,710
    $4,600,000
    -
    $894,290
    $3,705,710
    $4,600,000

    Comparable in this City

    • Value Estimation
      $1,125,000
      53,356 SF

      8605 R L Thornton Fwy

      HOTEL
      8605 R L Thornton Fwy, Dallas, TX 75228-7175
      View Details
    • Value Estimation by Request
      14,316 SF

      12425 Enw Hwy

      HOTEL
      12425 Enw Hwy, Dallas, TX 75228-8005
      View Details
    • Value Estimation
      $1,030,000
      51,880 SF

      8687 R L Thornton Fwy

      HOTEL
      8687 R L Thornton Fwy, Dallas, TX 75228-7175
      View Details
    • Value Estimation
      $540,000
      12,432 SF

      8640 R L Thornton Fwy

      HOTEL
      8640 R L Thornton Fwy, Dallas, TX 75228-7112
      View Details
    • Value Estimation
      $715,000
      32,448 SF

      8108 R L Thornton Fwy

      MOTEL
      8108 R L Thornton Fwy, Dallas, TX 75228-7004
      View Details
    • Value Estimation
      $800,000
      7,787 SF

      9001 R L Thornton Fwy

      MOTEL
      9001 R L Thornton Fwy, Dallas, TX 75228-6120
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      59,535 SF

      Dallas Hotel Near Transportation Hubs

      Strategically located hotel with easy access to Dallas attractions.
      8703 E R L Thornton Fwy, Dallas, TX 75228
      View Details
    • Contact for pricing
      2,700 SF

      Established Machine Shop Business For Sale

      Established machine shop business with tools and inventory for sale.
      3320 Dilido Rd, Dallas, TX 75228
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    • $475,000
      0.24 Acres

      Dallas Duplex in Growing Area

      Incredible duplex in a rapidly growing Dallas location.
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      0.21 Acres

      Dallas Investment Property - Turnkey

      Turnkey investment property in Dallas with high cash flow potential.
      2129 Province Ln, Dallas, TX 75228
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      Vacant Land For Sale

      Vacant land available for sale.
      1820 El Capitan Dr, Dallas, TX 75228
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      37,281 SF

      Dallas Strip Center Value-Add Opportunity

      37,281 SF strip center in Dallas, Texas for sale.
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    Similar Nearby for Lease

    • Contact for pricing
      900 SF

      Retail Space in Dallas Center

      Retail space for lease in Dallas with top national retailers.
      8024-8074 Ferguson Rd, Dallas, TX 75228
      View Details
    • Contact for pricing

      Retail Space Available For Lease

      Retail space available for lease, ranging from 2000-8000 square feet.
      8300 La Prada Dr, Dallas, TX 75228
      View Details
    • Contact for pricing

      Dilido Road Land Opportunity

      Land available for lease on Dilido Road in Dallas.
      3700 Dilido Rd, Dallas, TX 75228
      View Details
    • Contact for pricing

      Commercial Space for Lease

      Commercial property available for lease in Dallas, Texas.
      3700 Dilido Rd, Dallas, TX 75228
      View Details
    • Contact for pricing

      Casa View Shopping Center Space

      Redeveloped shopping center in East Dallas with infrastructure improvements.
      2331 Gus Thomasson Rd, Dallas, TX 75228
      View Details
    • Contact for pricing
      23,830 SF

      Dallas Warehouse Space Available

      Available warehouse space in Dallas, Texas, totaling 17,439 square feet.
      12626-12684 International Pkwy, Dallas, TX 75228
      View Details

    Property Visit Statistics

    • Visits by month
      8.7k
    • Visitors by month
      2.8k
    • Avg Time on site
      442 min
    View Listing
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    Dallas, TX 75228
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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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