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    8303 Douglas Ave Dallas, TX 75225
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    8303 Douglas Ave Dallas, TX 75225

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    • Retail properties & Spaces
    • 3,954 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • PNC Bank / Bank / Loan Service

    Property Details for 8303 Douglas Ave

    Property size
    3,954 SF
    Property type
    Retail properties & Spaces

    Description

    This exceptional 3,954-square-foot retail space presents a unique opportunity in the vibrant Preston Center area of Dallas, Texas. Previously a bank, the property boasts a highly desirable drive-thru feature, conveniently accessible from both Douglas Avenue and Luther Lane. Located in Dallas County, with a 75225 zip code, this single-tenant building offers immediate occupancy with its entirely vacant space. The property's strategic location within Preston Center ensures high visibility and accessibility to a dense population base and significant foot traffic. The existing structure is ready for immediate renovation and customization to suit a variety of retail uses, making it an ideal investment for entrepreneurs and established businesses alike. Its convenient drive-thru lane adds significant operational advantages, particularly for businesses requiring quick and efficient customer service. This property represents a rare chance to acquire a well-situated, fully vacant retail space with a built-in drive-thru in one of Dallas's most sought-after commercial districts. The building's size and layout offer flexibility for various retail concepts, making it a compelling investment opportunity. The address is 8303 Douglas Ave, Dallas, TX.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.8089
    Latitude
    32.8639

    Comparable in this City

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      400 Northpark Ctr

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    • Value Estimation
      $6,695,000
      250,000 SF

      7901 Wnw Hwy

      DEPARTMENT STORE • 250,000 SF
      7901 Wnw Hwy, Dallas, TX 75225
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    • Value Estimation
      $5,655,000
      202,905 SF

      7901 Wnw Hwy

      DEPARTMENT STORE • 202,905 SF
      7901 Wnw Hwy, Dallas, TX 75225
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    • Value Estimation by Request
      1,008 SF

      4333 Lovers Ln

      Retail properties & Spaces • 1,008 SF
      4333 Lovers Ln, Dallas, TX 75225
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    • Value Estimation
      $855,000
      139,128 SF

      8501 Hillcrest Ave

      PARKING GARAGE, PARKING STRUCTURE • 139,128 SF
      8501 Hillcrest Ave, Dallas, TX 75225-4205
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    • Value Estimation
      $575,000
      14,400 SF

      8220 Westchester Dr

      SHOPPING CENTER, STRIP CENTER • 14,400 SF
      8220 Westchester Dr, Dallas, TX 75225-6119
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,248 SF

      Retail Space on Lovers Lane

      Retail space in high-traffic location near Inwood Village.
      4250 West Lovers Lane Cir, Dallas, TX 75225
      View Details
    • New
      $2,500,000
      0.43 Acres

      Preston Hollow Land Opportunity

      Generous lot in sought-after neighborhood with renovation or new build potential.
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    Similar Nearby for Lease

    • $1,750 /Mo
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      Retail Space in Park Cities

      Retail space available in high-income Park Cities area.
      8413-8417 Preston Rd, Dallas, TX 75225
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      2,162 SF

      Retail Space on Luther Lane

      Retail space available for lease in Dallas, Texas.
      6110-6114 Luther Ln, Dallas, TX 75225
      View Details
    • Contact for pricing
      2,732 SF

      Retail Space in Mixed-Use Center

      Retail space with high foot traffic in a mixed-use center.
      6100-6108 Luther Ln, Dallas, TX 75225
      View Details
    • Contact for pricing
      3,832 SF

      Retail Space in Preston Center

      Retail property in high-traffic Preston Center location available for lease.
      8317-8335 Westchester Dr, Dallas, TX 75225
      View Details
    • Contact for pricing

      Retail Space on Lovers Lane

      High-traffic retail location near Highland Park and University Park.
      4414 Lovers Lane Cir, Dallas, TX 75225
      View Details
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    8303 Douglas Ave
    Dallas, TX 75225
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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
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