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    Dallas Victory Park Ln & Nowitzki Way Dallas, TX 75219

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    Dallas, TX: Prime Retail Opportunity

    Lot size:
    400,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    400
    This Class A retail property in Dallas's vibrant Victory Park offers 400,000 square feet of gross leasable area (GLA), presenting a unique investment opportunity. Located at Victory Park Lane & Nowitzki Way, Dallas, TX 75219, this multi-tenant building boasts 14 available spaces, ranging from a minimum of 1,164 square feet to a maximum contiguous space of 20,102 square feet. Currently, 58,676 square feet are vacant, providing significant potential for new tenants. The property benefits from its strategic location within a thriving neighborhood, surrounded by a dense population and a large daytime workforce. With over 30,000 residents within a one-mile radius and nearly 150,000 daytime employees nearby, this location offers exceptional foot traffic and visibility. Victory Park itself is experiencing a surge in creativity and innovation, establishing a distinct identity within the Uptown neighborhood. The area offers a diverse range of amenities, including entertainment venues, restaurants, and access to the Katy Trail, creating a dynamic and attractive environment for businesses and consumers alike. This property presents a compelling opportunity to establish a presence in a high-growth, high-demand retail district in Dallas County. The property is situated in a prime location, offering excellent access to major transportation routes and a wide range of nearby attractions. This is an exceptional opportunity to secure retail space in one of Dallas's most dynamic and sought-after neighborhoods.

    Property Features for Dallas Victory Park Ln & Nowitzki Way

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    400,000 SF
    Class
    A

    Unit(s) available at that property

    Space
    Unit R30
    Size
    1,894 SF
    Space
    Unit 90
    Size
    1,164 SF
    Space
    Unit V105
    Size
    2,002 SF
    Space
    Unit 10
    Size
    3,444 SF
    Space
    Unit 90
    Size
    4,520 SF
    Space
    Unit F40
    Size
    3,463 SF
    Space
    Unit G60
    Size
    2,761 SF
    Space
    Unit G30
    Size
    2,432 SF
    Space
    Unit H30
    Size
    2,541 SF
    Space
    Unit H40
    Size
    4,791 SF
    Space
    Unit H50
    Size
    3,753 SF
    Space
    Unit H70
    Size
    4,612 SF
    Space
    Unit H60
    Size
    1,197 SF
    Space
    Unit F20
    Size
    20,102 SF

    HighLights

    • Class A retail property in Dallas's Victory Park with 400,000 square feet of GLA.
    • Multi‑tenant building at Victory Park Lane & Nowitzki Way, Dallas, TX 75219, with 14 available spaces (1,164 - 20,102 sq ft).
    • 58,676 square feet of vacant space available.
    • Prime location in Victory Park with high foot traffic and visibility; over 30,000 residents within one mile and nearly 150,000 daytime employees nearby.
    • Excellent access to major transportation routes and nearby amenities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.8094555
    Latitude
    32.7889955

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    FAQs

    What type of property is this?
    Retail property - Dallas, TX: Prime Retail Opportunity
    Where is this retail property located?
    The property is located at Dallas Victory Park Ln & Nowitzki Way Dallas, TX.
    What are key features of this property?
    This property features: Class A retail property in Dallas's Victory Park with 400,000 square feet of GLA.; Multi-tenant building at Victory Park Lane & Nowitzki Way, Dallas, TX 75219, with 14 available spaces (1,164 - 20,102 sq ft).; 58,676 square feet of vacant space available.
    Request Owner's contact information
    Dallas Victory Park Ln & Nowitzki Way Dallas, TX 75219
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    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.

    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
    Dallas Victory Park Ln & Nowitzki Way Dallas, TX 75219
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