Greenville Avenue Retail Redevelopment
For Sale
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6826 Greenville Ave, Dallas, TX 75231
Prime retail property with redevelopment potential on Greenville Avenue.
Property Size12,949 SF
Lot Size0.80 Acres
Price / SF$386.13
Days on Market727
Property Features for 6826 Greenville Ave
General Information
Standard status
Active
Size
12,949 SF
Lot size
0.80 Acres
Property subtype
Retail
Zoning
MU-3
Lease Type
NNN
Site & Location
Neighborhood
Vickery Meadows
Listing Agency:
Structure Commercial
Listed By:
Troy Morgan, CCIM · License #TX 543987
(214) 466-1543
Source:
Crexi
Added: Oct 29, 2024
Changed: Oct 13
Last Checked: Oct 24 at 6:04PM
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 Structure Commercial
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail property is located on Greenville Avenue in Dallas, TX. The site includes 12,949 square feet of building area on 0.8 acres. The property benefits from a high-traffic location with 23,148 vehicles per day recorded in 2022 on Greenville Avenue. It is surrounded by national retailers, including Costco, Whole Foods, and HomeGoods. The property features ingress and egress, substantial parking, and adjacent Oncor land. An existing billboard provides advertising potential. The location offers access to I-75, Park Lane, and Northwest Highway. This property is suitable for immediate use and future development.
Key Highlights
- Prime redevelopment potential on Greenville Avenue.
- High‑traffic location with 23,148 VPD (2022).
- Excellent ingress and egress with substantial parking, including adjacent Oncor land.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$208,355
Cap Rate
4.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,167,100
$4.2M
Cap Rate 7%
$2,976,500
$3.0M
Cap Rate 9%
$2,315,056
$2.3M
Market Conditions
NOI Build-Up for 12,949 SF
Gross rent
$312.3K $24.12/SF
− Vacancy
−$14.7K −$1.13/SF
EGI
$297.7K $22.99/SF
− OpEx
−$89.3K −$6.90/SF
NOI
$208.4K $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%
$4,167,100
Cap Rate 7%
$2,976,500
Cap Rate 9%
$2,315,056
Alternative Uses
Best Use
Retail
$2.98M
$2.60M – $3.47M
NOI $208,355 @ 7.0% cap · market cap 4.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$15.54M
$13.60M – $18.13M
NOI $1,087,641 @ 7.0% cap · market cap 21.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,839
Businesses Nearby
944k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 51%
Dining 20%
Shops & Services 16%
Electronics 7%
Macy's
Apparel
178,412 visits/mo
0.4 miles
Dillard's
Apparel
102,662 visits/mo
0.4 miles
T.J. Maxx
Apparel
67,531 visits/mo
0.3 miles
Half Price Books
Shops & Services
55,824 visits/mo
0.3 miles
Best Buy
Electronics
51,396 visits/mo
0.4 miles
Demographics for 75231, TX
40,754
Population
21,412
Households
1.9
Avg Household Size
32
Median Age
39%
College-Educated
82%
High-School Grad
5.5 sq mi
ZIP Area
7,410
Density / Sq Mi
$54,884
Median Household Income
$40,100
Median Earnings
$1,220
Median Rent
$466,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Prime retail property with redevelopment potential on Greenville Avenue.
Where is this retail space located?
The property is located at 6826 Greenville Ave Dallas, TX.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: Prime redevelopment potential on Greenville Avenue.; High‑traffic location with **23,148 VPD (2022)**.; Excellent ingress and egress with substantial parking, including adjacent Oncor land.
