4478 Marsalis AveDallas, TX 75216

Property Details for 4478 Marsalis Ave

Year built

1957

Construction

TILT-UP CONCRETE

Lot size

4.96 AC

Property size (Sq ft)

28,550 SF

Zone code

Z298

Property type

Strip malls

Property subtype

Neighborhood centers

APN

482674000100

APU

482674000100

Description

This 93,351 square foot, multi-tenant retail shopping center presents a compelling value-add investment opportunity in Dallas, Texas. Located at 4478 S. Marsalis Ave, this fee-simple property boasts a 4.96-acre lot and comprises four single-story buildings, totaling 20 units. The center features a mix of tenants, including a Family Dollar, and offers significant upside potential through strategic property management and capital improvements. Built in 1954 with renovations completed in 2019-2020 (two units), the property includes 58,693 net rentable square feet and currently operates at 80% occupancy. The asking price is $2,700,000, representing a pro-forma cap rate of 9.76% and a pro-forma NOI of $263,434. The property benefits from excellent access to Interstate 35 and is conveniently located just twelve minutes from Downtown Dallas. Key features include a substantial asphalt parking lot, concrete and brick masonry construction with tilt walls and slab foundations, individual HVAC systems, and sub-metered utilities (electricity and water). Several month-to-month leases exist at below-market rates, presenting an immediate opportunity to increase revenue. The permitted zoning is commercial, and the APN is 00000482674000100. This established neighborhood center offers a strong foundation for growth and significant returns.

• CAP approach

  CAP return

  Valuation

  6%

  $5,545,550

  6.5%

  $5,118,970

  7%

  $4,753,330

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,239,860

  Geo Method

  $8,889,490

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $9,953,760

  Mixed-Use / Specialty

  $5,112,320

  Hospitality / Lodging

  $3,765,860

  Office

  $5,094,040

  Institutional / Educational

  $5,318,910

  Residential Income

  $6,223,120

  Multifamily

  $7,399,330

  Automotive / Energy

  $4,559,060

  Parking / Income-Based Land

  $1,561,810

  Restaurant / Food Service

  $2,683,730

  Healthcare / Senior Housing

  $5,230,690

Location Insight

City

Dallas

County

Dallas

State

Texas

Latitude

32.6905

Longitude

-96.8137

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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