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

    9660 Audelia Rd Dallas, TX 75238

    • Strip malls
    • 7,139 SF
    • 1.49 lot acres
    For Lease
    View listing
    Value Estimations
    $720,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-5021623
    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

    • Preferred Lithographics / Marketing Agency
    • Lakeridge Village Shopping Center / Shopping Mall
    • Sharkey's Cuts for Kids - Dallas / Hair Salon
    • Premier Martial Arts Lake Highlands / Jujitsu School / Karate School
    • We Are The Missfits / Toy Store

    Property Details for 9660 Audelia Rd

    Year built
    1984
    Construction
    TILT-UP CONCRETE
    Lot size
    1.49 lot acres
    Property size
    7,139 SF
    Zone code
    Z59
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    0075270T000210000
    APU
    0075270T000210000

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $615,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $825,000
      Market price range: $244k - $826k

    • 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

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.7171
    Latitude
    32.8782
    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
    $63,025
    $520,980
    $2,079,020
    $2,600,000
    -
    $520,980
    $2,079,020
    $2,600,000

    Comparable in this City

    • Value Estimation by Request
      8,992 SF

      10531 Enw Hwy

      SHOPPING CENTER, STRIP CENTER • 8,992 SF
      10531 Enw Hwy, Dallas, TX 75238-4800
      View Details
    • Value Estimation by Request
      14,938 SF

      10729 Audelia Rd

      SHOPPING CENTER, STRIP CENTER • 14,938 SF
      10729 Audelia Rd, Dallas, TX 75238-1002
      View Details
    • Value Estimation
      $730,000
      19,015 SF

      9661 Audelia Rd

      SHOPPING CENTER, STRIP CENTER • 19,015 SF
      9661 Audelia Rd, Dallas, TX 75238-2676
      View Details
    • Value Estimation
      $600,000
      10,000 SF

      13015 Jupiter Rd

      SHOPPING CENTER, STRIP CENTER • 10,000 SF
      13015 Jupiter Rd, Dallas, TX 75238-3201
      View Details
    • Value Estimation
      $625,000
      11,569 SF

      9644 Plano Rd

      SHOPPING CENTER, STRIP CENTER • 11,569 SF
      9644 Plano Rd, Dallas, TX 75238-2923
      View Details
    • Value Estimation
      $685,000
      16,250 SF

      10212 Enw Hwy

      SHOPPING CENTER, STRIP CENTER • 16,250 SF
      10212 Enw Hwy, Dallas, TX 75238-4408
      View Details

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      Updated Duplex in Dallas

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    • New
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      Renovated Duplex in Dallas, TX

      Fully renovated duplex with modern finishes, open layouts, and private yards.
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    • Contact for pricing
      21,624 SF

      Office Buildings For Sale

      Two office buildings totaling 21,624 square feet in Dallas.
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      View Details

    Similar Nearby for Lease

    • Contact for pricing

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      Retail spaces available in well-located Dallas shopping center.
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      Retail Space in Highland Oaks

      Retail space for lease in Dallas, Texas.
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      Retail Space with High Visibility

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      Retail Space in Northlake Center

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      Retail Space in Northlake Center

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      View Details
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    9660 Audelia Rd
    Dallas, TX 75238
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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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