Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    7115 Greenville Ave Dallas, TX 75231

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    High-visibility medical office space near Texas Health Dallas Hospital.

    Property size:
    10,556 SF
    Lot size:
    3.69 Acres

    Property Features for 7115 Greenville Ave

    General Information

    Size
    10,556 SF
    Lot size
    3.69 Acres

    We can help!

    Listing Contact
    Ethan Garner
    Ethan Garner
    Source: Moodyscre

    Listing Agent: Ethan Garner

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Medical Office Space For Rent

    This property offers easy access and drive-up parking, suitable for patients. It features a high-visibility location with high traffic. The property is adjacent to the Texas Health Dallas Hospital Campus. Parking is available at a ratio of 5.43 spaces per 1,000 square feet. The property offers 10,556 square feet of space and is suitable for medical offices and general office use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Barry H. Buchanan, ... Dental Office Sinus & Respiratory Disease ... Medical Clinic Patrick H. Pownell, ... Physician Texas Orthopaedic Associates: ... Physician Scott Paschal, MD Physician

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Petco Vaccination Clinic, CHEW Animal Clinic, Tracey's k9 rescue, boarding and daycare LLC, Tenecom Center

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Collin
    State
    Texas
    Longitude
    -96.762085
    Latitude
    32.876865

    Nearby Similar for Lease

    • $800 /Mo
      3,746 SF

      East Dallas Historic Office Space

      Office space in historic East Dallas building, immediate occupancy.
      4310 Gaston Ave, Dallas, TX 75246
      View Details
    • $3,482 /Mo
      99,491 SF

      North Dallas Industrial Flex Space

      Move-in ready flex space in North Dallas with office and warehouse.
      13551 N Method St, Dallas, TX 75243
      View Details
    • $3,000 /Mo
      55,757 SF

      Retail Space in Gas Station

      Retail space for lease inside a busy Dallas gas station.
      3924 W Red Bird Ln, Dallas, TX 75237
      View Details
    • $4,250 /Mo
      10,454 SF

      Historic Swiss Avenue Office Loft

      Renovated office space in historic building near Baylor Scott & White.
      3106 Swiss Ave, Dallas, TX 75204
      View Details
    • $1,950 /Mo
      185,522 SF

      Iconic Preston Tower Office Space

      Upscale office space in the heart of Park Cities.
      6211 W Northwest Hwy, Dallas, TX 75225
      View Details
    • $950 /Mo
      185,522 SF

      Iconic Preston Tower Office Space

      Upscale office space in the heart of Park Cities.
      6211 W Northwest Hwy, Dallas, TX 75225
      View Details
    • $2,500 /Mo
      6,665 SF

      Luxury Flex Space in Dallas

      Refined flex space ideal for boutique offices or creative studios.
      1739 Marfa Ave, Dallas, TX 75216
      View Details
    • $1,500 /Mo
      6,011 SF

      Retail & Office Space Available

      Retail and office space for lease near Downtown Dallas.
      3818 S Lancaster Rd, Dallas, TX 75216
      View Details
    • $1,750 /Mo
      185,522 SF

      Updated Salon Unit in Dallas

      Salon unit with utilities included in iconic Preston Tower.
      6211 W Northwest Hwy, Dallas, TX 75225
      View Details
    • $5,067 /Mo
      14,985 SF

      Office Space in Dallas, TX

      Office space available for lease in Dallas, Texas.
      2605 Thomas Ave, Dallas, TX 75204
      View Details
    • $5,000 /Mo
      46,174 SF

      Versatile Commercial Space on Riverfront

      Flexible commercial building with high visibility on Riverfront Blvd.
      134 Pittsburg St, Dallas, TX 75207
      View Details
    • $6,750 /Mo
      22,128 SF

      Dallas Warehouse with Security Features

      Warehouse space with security, storage, and convenient highway access.
      13534 Floyd Cir, Dallas, TX 75243
      View Details

    FAQs

    What type of property is this?
    Medical office - High-visibility medical office space near Texas Health Dallas Hospital.
    Where is this medical office located?
    The property is located at 7115 Greenville Ave Dallas, TX.
    What are key features of this property?
    This property features: - Adjacent to Texas Health Dallas Hospital Campus; - High-visibility, high traffic location; - Easy access and drive-up parking for patients
    (214) 438-6515 Call to check price and availability
    Request Owner's contact information
    7115 Greenville Ave Dallas, TX 75231
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7115 Greenville Ave
    Dallas, TX 75231
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    7115 Greenville Ave Dallas, TX 75231
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Ethan Garner
    Ethan Garner
    (214) 438-6515 (214) 265-0880
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!