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Property profile & analytics
OFF-MARKET
Estimated value
$720,000
Strip malls
9660 Audelia Rd Dallas, TX 75238-2668
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-5021623
Property summary
AI-generated overview
Lakeridge Village, located at 9660 Audelia Rd, Dallas, TX 75238 in Dallas County, offers exceptional retail space in a revitalized center. This multi-tenant property boasts a total of 90,476 square feet, with two available suites ranging from a minimum of 1,800 square feet to a maximum contiguous space of 3,704 square feet. Currently, 5,504 square feet are vacant. The property underwent renovations in 2019, enhancing its appeal and functionality. Ample parking is available, with a ratio of 4.9 spaces per 1000 square feet. The property is ideally suited for a variety of retail uses, focusing on quality dining, boutique fitness, quick-service restaurants, and neighborhood services. Lakeridge Village is poised to become a vibrant hub within the Lake Highlands community, offering a prime location for businesses seeking to establish a presence in this thriving area of East Dallas. The property's updated architecture and landscaping create a welcoming atmosphere for customers and employees alike. This is a unique opportunity to secure retail space in a beautifully renovated center with a rich history and bright future.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1984
Construction
TILT-UP CONCRETE
Total area
7,139 SF
Lot
1.49 ac (65,122 SF)
Zoning code
Z59
APN
0075270T000210000
UPID
US82-5021623
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
-
Preferred Lithographics Advertising Agency Marketing & Advertising
-
Lakeridge Village Shopping Center Shopping Center & Mall
-
Sharkey's Cuts for Kids - Dallas Hair Salon
-
Premier Martial Arts Lake Highlands Training Center Sports School
-
We Are The Missfits (Bike/Boat/Book/etc) Store Arcade & Gaming Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$615k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$826k
Blend (final)
Blend
$720k
Owner & transaction history
Nadg Of Shop Lakeridge LP · 9 yrs held
Nadg Of Shop Lakeridge LP
since 2017
4 recorded transactions
Zoning & alternative use
Z59 · Dallas, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.0M
+103.2%
Restaurant
$1.0M
+98.9%
Auto repair, garage
$835,000
+65.0%
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
$615,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$505,000
Current use
OFFICE BUILDING
$1,025,000
Change: +103% · Conversion: Moderate
RESTAURANT
$1,005,000
Change: +99% · Conversion: Difficult
AUTO REPAIR, GARAGE
$835,000
Change: +65% · Conversion: Difficult
RETAIL STORES
$595,000
Change: +18% · Conversion: Easy
MEDICAL BUILDING
$485,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$720k
Range $648k – $792k · ±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
$101 / 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
$63,025
Tax year 2023
Assessed value
$2,600,000
Assessed 2023
Previous assessed
$2,600,000
+0.0% YoY
Effective rate
2.42%
On assessed value
Assessed land
$520,980
Assessed improvement
$2,079,020
Land market value
$520,980
Improvement market value
$2,079,020
Total market value
$2,600,000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1984
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Buildings
4
Stories
1
Total area
7,139 SF
Lot
1.49 ac (65,122 SF)
Zoning code
Z59
APN
0075270T000210000
UPID
US82-5021623
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.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$505,000
OFFICE BUILDING
Est. value
$1.0M
RESTAURANT
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$835,000
RETAIL STORES
Est. value
$595,000
MEDICAL BUILDING
Est. value
$485,000
NEIGHBORHOOD: SHOPPING CENTER Current
OFFICE BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL 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
1984
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
4
Lot
1.49 ac
Current owner
From public records · entity-resolved
Nadg Of Shop Lakeridge LP
Entity
Mailing address
1221 MAIN ST STE #1000, COLUMBIA, SC 29201-3255
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 13, 2018
—
Nadg Of Shop Lakeridge LP
—
Trustees Deed
related
$19,405,532 · Independent Bk
Mar 1, 2017
—
Nadg Of Shop Lakeridge LP
Wy Heritage Grove LLC
Grant Deed
$14,423,792 · Legacy Bk/tx
Jun 28, 2016
—
W Y Heritage Grove LLC
Nai Hui Wang
Warranty Deed
$3,945,043 · East West Bank
Dec 8, 2005
—
Nai H Wang
Lakeridge Shopping Center
Grant Deed
$4,631,250 · East West 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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