Multi-Tenant Retail
5301 ALPHA RD, Dallas, TX 75240
For Sale
Contact for pricing
The center has a diverse roster of national and local retailers and is 92% leased.
Property Size91,091 SF
Lot Size6.32 Acres
Price / SF$195.04
Days on Market37
Property Features for 5301 ALPHA RD
General Information
Standard status
Size
Lot size
Property subtype
Occupancy
Additional Details
Highway Access
Tenant in Place
Building Details
Tenancy
Listing Agency:
DUWEST
Listed By:
Will Walters · License TX #596941
(214) 675-3665
Source:
Crexi
Added: Oct 7
Changed: Nov 10
Last Checked: Nov 12 at 4:17AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of DUWEST
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Investment Insights
Based on property information with market context.
Village on the Green is a ground-floor retail center comprising 91,091 square feet on 6.32 acres. The property is 92% leased, with national and local businesses represented among its tenants. Existing leases include contractual rent growth.
The center is one-half mile from the announced Dallas Mavericks arena and entertainment district. Access is available to LBJ Freeway and the Dallas North Tollway, which carry reported traffic volumes of 302,000+ VPD and 160,000+ VPD, respectively.
The center is one-half mile from the announced Dallas Mavericks arena and entertainment district. Access is available to LBJ Freeway and the Dallas North Tollway, which carry reported traffic volumes of 302,000+ VPD and 160,000+ VPD, respectively.
Key Highlights
- 91,091‑square‑foot ground‑floor retail center on 6.32 acres
- 92% leased to a mix of national and local operators
- Existing leases include contractual rent growth
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,465,695
Cap Rate
8.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$29,313,900
$29.3M
Cap Rate 7%
$20,938,500
$20.9M
Cap Rate 9%
$16,285,500
$16.3M
Market Conditions
NOI Build-Up for 91,091 SF
Gross rent
$2.20M $24.12/SF
− Vacancy
−$103.3K −$1.13/SF
EGI
$2.09M $22.99/SF
− OpEx
−$628.2K −$6.90/SF
NOI
$1.47M $16.09/SF
Area
Dallas, TX
Vacancy
4.70%
Lease Rate
$24.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$29,313,900
Cap Rate 7%
$20,938,500
Cap Rate 9%
$16,285,500
Alternative Uses
Best Use
Retail
$20.94M
$18.32M – $24.43M
NOI $1,465,695 @ 7.0% cap · market cap 8.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$109.30M
$95.64M – $127.52M
NOI $7,651,119 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
92%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
4,404
Businesses Nearby
416k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 55%
Superstores 19%
Dining 11%
Shops & Services 9%
Macy's
Apparel
83,963 visits/mo
0.2 miles
Target
Superstores
77,729 visits/mo
0.4 miles
Nordstrom
Apparel
74,756 visits/mo
0.1 miles
DICK'S Sporting Goods
Apparel
33,440 visits/mo
0.3 miles
Nordstrom Rack
Apparel
23,650 visits/mo
0.4 miles
Demographics for 75240, TX
25,839
Population
12,014
Households
2.2
Avg Household Size
33
Median Age
34%
College-Educated
74%
High-School Grad
3.8 sq mi
ZIP Area
6,800
Density / Sq Mi
$56,056
Median Household Income
$32,171
Median Earnings
$1,333
Median Rent
$326,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Shopping centers in Dallas
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
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- Galleria Dallas — 13350 dallas pkwy, dallas, tx 75240
- Galleria Loading Dock — 13155 Noel Rd, Dallas, TX 75240
Frequently Asked Questions
What type of property is this?
Shopping center - The center has a diverse roster of national and local retailers and is 92% leased.
Where is this shopping center located?
The property is located at 5301 ALPHA RD Dallas, TX.
What is the asking price?
The asking price for this property is $17,766,000.
What are key features of this property?
This property features: 91,091‑square‑foot ground‑floor retail center on 6.32 acres; 92% leased to a mix of national and local operators; Existing leases include contractual rent growth
