901 Jefferson BlvdDallas, TX 75208

Property Details for 901 Jefferson Blvd

Year built

1916

Construction

TILT-UP CONCRETE

Lot size

0.30 AC

Property size (Sq ft)

21,320 SF

Zone code

Z239

Property type

Strip malls

Property subtype

Neighborhood centers

APN

259456000000

APU

259456000000

Description

This exceptional mixed-use property, located at 901 W Jefferson Blvd in Dallas, Texas (zip code 75208), presents a compelling investment opportunity. The 21,320 square foot building (per Dallas Central Appraisal District) boasts a prime location at the hard corner of Tyler and Jefferson in North Oak Cliff, adjacent to the Bishop Arts District and within the Jefferson Special Purpose District (PD 316). A short seven-minute drive to downtown Dallas adds to its desirability. The property comprises four ground-floor retail spaces and multiple residential units on the second floor, ranging from 1,800 to 3,000 square feet. Currently, all units are occupied, with most leases expiring within a year, and none containing renewal options. Importantly, all current rents are below market value, presenting immediate potential for increased revenue. Adding significant value, two adjacent lots (11,099 square feet of land with a 1,331 square foot building, per DCAD) are included in the sale. The Jefferson Building itself features unique, old-world architectural details and two recently updated storefronts. This portfolio offers a prospective investor multiple avenues for value enhancement, making it an attractive and promising investment.

• CAP approach

  CAP return

  Valuation

  6%

  $5,345,218

  6.5%

  $4,934,048

  7%

  $4,581,616

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,862,397

  Geo Method

  $16,085,147

• Alternative Use

  Use

  Valuation

  Residential

  $4,162,054

  Hospitality

  $3,812,419

  Educational

  $3,171,888

  Medical

  $3,280,974

  Retail

  $4,934,048

Location Insight

City

Dallas

County

Dallas

State

Texas

Latitude

32.7434

Longitude

-96.8379

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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