Greenville Avenue Retail Redevelopment
6826 Greenville Ave Dallas, TX 75231
6826 Greenville Ave, Dallas, TX, 75231
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For Sale
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Prime retail property with redevelopment potential on Greenville Avenue.
Property Size12,949 SF
Lot Size0.80 Acres
Price / SF$386.13
Days on Market632
Property Features for 6826 Greenville Ave
General Information
- Standard status
- Active
- Size
- 12,949 SF
- Lot size
- 0.80 Acres
- Property subtype
- Retail
Listing agency
Structure Commercial
(817) 714-8395
Listed by
Troy Morgan, CCIM · License #TX 543987
Source
Crexi
Added: Oct 29, 2024 Updated: Jul 6 at 8:02AM Checked: Jul 22 at 6:20AM
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
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.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $312.3k | $24.12 |
| − Vacancy | −$14.7k | −$1.13 |
| EGI | $297.7k | $22.99 |
| − OpEx | −$89.3k | −$6.90 |
| NOI | $208.4k | $16.09 |
12,949 SF · lease $24.12/SF/yr · vacancy 4.70% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
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.
