3827 Lancaster RdDallas, TX 75216

Property Details for 3827 Lancaster Rd

Year built

1945

Construction

FRAME

Lot size

0.44 AC

Property size (Sq ft)

1,372 SF

Zone code

Z59

Property type

Retail space

APN

303745000000

APU

303745000000

Description

This Dallas, Texas shopping center presents a compelling value-add investment opportunity. The 4,156 square foot, single-story building sits on a prime .45-acre lot and boasts 100% occupancy with four tenants under three-year leases. The property, renovated in 2023, features a new roof and offers a current net operating income (NOI) of $96,000, translating to an 8.81% capitalization rate. Pro forma NOI is projected at $128,888, resulting in a pro forma cap rate of 11.82%. The asking price is $1,090,000, or $262.27 per square foot. The property is zoned for retail use and is located at 3827 S Lancaster Rd, Dallas, TX 75216. Owner financing is available to qualified buyers with a 30% down payment. All information should be independently verified.

• CAP approach

  CAP return

  Valuation

  6%

  $266,497

  6.5%

  $245,997

  7%

  $228,426

• Comparable approach

  Method

  Valuation

  Relative Method

  $155,695

  Geo Method

  $427,194

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $478,338

  Mixed-Use / Specialty

  $245,678

  Hospitality / Lodging

  $180,972

  Office

  $244,800

  Institutional / Educational

  $255,606

  Residential Income

  $299,058

  Multifamily

  $355,582

  Automotive / Energy

  $219,090

  Parking / Income-Based Land

  $75,054.40

  Restaurant / Food Service

  $128,969

  Healthcare / Senior Housing

  $251,366

Location Insight

City

Dallas

County

Dallas

State

Texas

Latitude

32.7018

Longitude

-96.798

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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