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    3012 Inwood Rd Dallas, TX 75235

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    For Lease
    Contact for pricing

    High-visibility retail space, Dallas.

    Lot size:
    5,952 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    402
    This exceptional 5,952 square foot retail strip center is ideally situated at 3012 Inwood Road, Dallas, TX 75235, near the intersection of Inwood Road and Cedar Springs Road. Built in 1979, the single-story building features six suites, with a total of 38 parking spaces. Currently, 919 square feet of retail space is available, offering a fantastic opportunity for a new tenant. The property sits on a 0.54-acre lot and is zoned PD 193 - Oak Lawn Special Purpose District (APN: 00000332149000000). The property enjoys high visibility due to its prime location, offering excellent exposure to significant traffic. Its convenient location provides easy access to Love Field, the Park Cities, and the Medical District. Existing co-tenants include a donut shop, Cricket Wireless, Metro by T-Mobile, and a vape shop, creating a diverse and established tenant mix. The property offers ample parking and excellent signage opportunities, ensuring maximum visibility for your business. The maximum contiguous space available is 919 square feet. This is a rare opportunity to secure a well-located retail space in a thriving Dallas neighborhood.

    Property Features for 3012 Inwood Rd

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,952 SF

    Building Details

    Year Built
    1979
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Suite D
    Size
    919 SF
    Space
    Suite C
    Size
    919 SF

    We can help!

    Listing Contact
    Fabio Felix
    Fabio Felix

    Learn more

    HighLights

    • Excellent location at Inwood & Cedar Springs Roads intersection in Dallas, TX.
    • Minutes from Love Field, Park Cities, and the Medical District.
    • High visibility with over 35,000 vehicles per day on Inwood Road.
    • Strong tenant mix including a donut shop, Cricket Wireless, Metro by T‑Mobile, and a vape shop.
    • Ample parking and excellent signage opportunities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Calema Insurance Agency Insurance Agency Pro Cleaners Dry Cleaner Cricket Wireless Authorized ... Cell Phone Store Pulaski's Donuts Donut Shop VAPE LIFE DALLAS Smoke Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -96.831518
    Latitude
    32.8249649

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    FAQs

    What type of property is this?
    Office space - High-visibility retail space, Dallas.
    Where is this office space located?
    The property is located at 3012 Inwood Rd Dallas, TX.
    What are key features of this property?
    This property features: Excellent location at Inwood & Cedar Springs Roads intersection in Dallas, TX.; Minutes from Love Field, Park Cities, and the Medical District.; High visibility with over 35,000 vehicles per day on Inwood Road.
    Request Owner's contact information
    3012 Inwood Rd Dallas, TX 75235
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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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    3012 Inwood Rd Dallas, TX 75235
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    We can help!
    Listing Contact
    Fabio Felix
    Fabio Felix
    Real Estate License ID: TX 802044
    Learn more
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