901 Jefferson BlvdDallas, TX 75208

  • Retail properties
  • 21,320 SF
For Sale

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
Retail properties
Property subtype
Strip malls
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
901 Jefferson Blvd, Dallas, Texas

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

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
$15,949
$390,000
$305,000
$695,000
-
$390,000
$305,000
$695,000

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