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    7033 Greenville Ave Dallas, TX 75231

    Sponsored
    For Lease
    Contact for pricing

    Prime Dallas retail space, 7,000 sq ft available.

    Lot size:
    20,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    400
    This exceptional opportunity presents 7,000 square feet of vacant retail space within the established Hollyview Shopping Center, located at 7033 Greenville Avenue in Dallas, Texas, zip code 75231. The center offers a diverse mix of retail and office tenants, creating a vibrant and thriving commercial environment. This specific space offers flexibility, with a maximum contiguous area of 7,000 square feet, ideal for a variety of businesses. The total building size is 20,000 square feet, indicating a well-established and successful shopping center. The property is situated in a high-traffic area of Dallas, providing excellent visibility and accessibility for potential customers. The available space is suitable for a single large tenant or could be subdivided to accommodate multiple smaller businesses. This is a rare opportunity to secure a prominent location in a well-regarded Dallas shopping center. The property's location offers convenient access to major transportation routes and a strong customer base. The space is currently vacant and ready for immediate occupancy, allowing for quick setup and commencement of operations. Interested parties should inquire for further details and to discuss leasing options. The property is classified as both retail and office, offering versatility in potential uses.

    Property Features for 7033 Greenville Ave

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    20,000 SF

    Unit(s) available at that property

    Space
    Available Space 2
    Size
    4,400 SF

    HighLights

    • 7,000 square feet of retail or restaurant space available.
    • High‑traffic location with excellent visibility.
    • Ample parking available for customers and employees.
    • Modern, updated interior finishes.
    • Flexible lease terms available to suit your needs.
    Property Profile Location Intelligence

    Current Use by Public Records

    Roma's Pizza & Italian ... Italian Restaurant Dr. Mohammad Chowdhury Dentist Dr. Warunsiri Arrechea Dentist Warunsiri P Arrechea Dentist Daily Smiles Dental-Dallas Dentist

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.763156
    Latitude
    32.8742265

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    FAQs

    What type of property is this?
    Lifestyle center - Prime Dallas retail space, 7,000 sq ft available.
    Where is this lifestyle center located?
    The property is located at 7033 Greenville Ave Dallas, TX.
    What are key features of this property?
    This property features: 7,000 square feet of retail or restaurant space available.; High-traffic location with excellent visibility.; Ample parking available for customers and employees.
    Request Owner's contact information
    7033 Greenville Ave Dallas, TX 75231
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    Dallas, TX 75231
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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
    7033 Greenville Ave Dallas, TX 75231
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