Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Space in Premier Center Title is generated by Realmo AI

    14902 Preston Rd, Dallas, TX 75254

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Retail leasing available in North Dallas shopping center.

    Type:Retail
    Added:
    Aug 20, 2018
    Days on Market:
    2844
    Last Refresh:
    May 19 at 8:48 pm

    Property Features for 14902 Preston Rd

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Building Details

    Year Built
    1977

    Spaces For Lease

    at 14902 Preston Rd Contact us

    We can help!

    Listing Contact
    Merrel Moore
    Merrel Moore

    Listing agent Merrel Moore License #TX 288513

    Listing office Henry S. Miller Dallas / Fort Worth

    Listing date Aug 20, 2018

    Source Crexi

    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 Henry S. Miller Dallas / Fort Worth

    HighLights

    • Premier shopping center location at the intersection of Preston Rd. and Belt Line Rd. in North Dallas.
    • Strong demographics with average household incomes exceeding $100,000 within a 3‑mile radius.
    • Anchor tenants include Trader Joe’s, Hobby Lobby, and Urban Air Trampoline Park.
    • Retail leasing opportunities available.
    • Located on Preston Road, a major north‑south thoroughfare.
    • Built in 1977.

    Overview

    The Market at Pepper Square is a shopping center located at the intersection of Preston Road and Belt Line Road in North Dallas. The area has demographics with average household incomes exceeding $100,000 within a 3-mile radius. Preston Road is a major north-south thoroughfare from Downtown Dallas to Frisco. Retail leasing is available where anchor tenants include Trader Joe’s, Hobby Lobby and Urban Air Trampoline Park.
    Location Intelligence

    Current Use by Public Records

    Gold Barbara Family Counselor Artex Interiors Furniture & Home Goods Jim Montgomery Swim ... Swimming School Genius Property Advisors Real Estate Agency Sign Language Communication Social Service Agency

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • Pepper Square — 14856 Preston Rd, Dallas, TX 75254
    • Coinstar Kiosk | Bitcoin ATM — Safeway, 14999 Preston Rd, Dallas, TX 75240
    • Preston Alexis Village — SWC Preston Rd &, Alexis Dr, Dallas, TX 75254
    • Dr's Carleo — 15123 Prestonwood Blvd #140, Dallas, TX 75248
    • Preston Beltline — 14949 Preston Rd, Dallas, TX 75254

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Collin
    State
    Texas
    Longitude
    -96.8022165
    Latitude
    32.9520691

    Nearby Similar for Lease

    • $4,250/Mo
      1,080 SF

      Historic Office/Retail Space in Dallas

      Unique 1940s building with loft-like environment for office or retail.
      3106 Swiss Avenue, Dallas, TX 75204
      View Details
    • $4,000/Mo
      3,000 SF

      Versatile Dallas Warehouse and Office

      3,000 SF commercial space with warehouse and office.
      11127 Shady Trail, Dallas, TX 75229
      View Details
    • $1,500/Mo
      2,800 SF

      Versatile Commercial Space in Dallas

      Adaptable commercial space suitable for various business operations.
      4737 Village Fair Drive, Dallas, TX 75224
      View Details
    • $800/Mo
      960 SF

      Retail/Office Space in Dallas, TX

      960 SF retail or office space for lease in Dallas.
      4737 Village Fair Drive, Dallas, TX 75224
      View Details
    • $7,500/Mo
      30,000 SF

      Riverfront Blvd Flexible Commercial Space

      Versatile commercial building with high visibility on Riverfront Blvd.
      134 Pittsburg Street, Dallas, TX 75207
      View Details
    • $6,200/Mo
      3,944 SF

      Versatile Office-Warehouse in Trinity Groves

      Prime commercial space in a dynamic Dallas growth corridor.
      914 W Commerce Street, Dallas, TX 75208
      View Details
    • $37 SF/Yr
      2,230 SF

      Renovated Commercial Space in Dallas

      Renovated, fully furnished commercial space in the heart of Dallas.
      1380 River Bend Drive, Dallas, TX 75247
      View Details
    • $20 SF/Yr
      6,300 SF

      Deep Ellum Renovated Commercial Space

      Prime Dallas location suitable for office, retail, or restaurant.
      3100 Commerce Street, Dallas, TX 75226
      View Details
    • $800/Mo
      166 SF

      East Dallas Historic Office Space

      Office space in historic East Dallas building, immediate occupancy.
      4310 Gaston Avenue, Dallas, TX 75246
      View Details
    • $4,250/Mo
      1,100 SF

      Historic Swiss Avenue Office Loft

      Renovated office space in historic building near Baylor Scott & White.
      3106 Swiss Avenue, Dallas, TX 75204
      View Details
    • $1,151/Mo

      Fully Furnished Private Office Workspace

      Move-in ready offices with onsite support, shared conference access, and utilities included for streamlined day-to-day operations.
      2626 Cole Avenue, Dallas, TX 75204
      View Details
    • $3,501/Mo

      Fully Furnished Private Office Suites

      Turnkey private offices with receptionist support, utilities, janitorial, conference access, and on-site fitness.
      2626 Cole Avenue, Dallas, TX 75204
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail leasing available in North Dallas shopping center.
    Where is this shopping center located?
    The property is located at 14902 Preston Rd Dallas, TX.
    What are key features of this property?
    This property features: Premier shopping center location at the intersection of Preston Rd. and Belt Line Rd. in North Dallas.; Strong demographics with average household incomes exceeding $100,000 within a 3‑mile radius.; Anchor tenants include Trader Joe’s, Hobby Lobby, and Urban Air Trampoline Park.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Merrel Moore
    Merrel Moore
    Real Estate License ID: TX 288513
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    14902 Preston Rd, Dallas, TX 75254
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!