Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Preston Rd. & Frst Ln Dallas, TX 75230
    Property profile & analytics

    Preston Rd. & Frst Ln Dallas, TX 75230

    View on Map
    • Retail properties & Spaces
    • 171,143 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 0 Preston Rd. & Frst Ln

    Property size
    171,143 SF
    Property type
    Retail properties & Spaces

    Description

    Preston Forest Village, located at the prominent intersection of Preston Road and Forest Lane in Dallas, Texas (zip code 75230), offers a prime retail opportunity. This established commercial property boasts a total of 171,143 square feet, encompassing two suites. Currently, 5,124 square feet of retail space is available for lease, divisible into units ranging from a minimum of 900 square feet to a maximum contiguous space of 4,224 square feet. This flexibility allows for a variety of tenant needs and business models. The property is conveniently situated in Dallas County and provides ample parking for customers and employees with a total of 923 parking spaces. The property's location at a high-traffic intersection ensures excellent visibility and accessibility for businesses seeking a strong presence in the Dallas market. This is an exceptional opportunity for businesses seeking a well-established retail location with significant foot traffic and convenient parking in a thriving Dallas neighborhood. The property is classified as retail commercial space with multiple tenancies.

    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
    -96.8051
    Latitude
    32.9079

    Comparable in this City

    • Value Estimation by Request
      1,540 SF

      6021 Frst Ln

      COMMERCIAL (GENERAL) • 1,540 SF
      6021 Frst Ln, Dallas, TX 75230
      View Details
    • Value Estimation
      $2,430,000
      53,541 SF

      10720 Preston Rd

      REGIONAL SHOPPING CENTER, MALL • 53,541 SF
      10720 Preston Rd, Dallas, TX 75230-3864
      View Details
    • Value Estimation
      $1,270,000
      38,760 SF

      12835 Preston Rd

      SHOPPING CENTER, STRIP CENTER • 38,760 SF
      12835 Preston Rd, Dallas, TX 75230-1277
      View Details
    • Value Estimation
      $7,025,000
      48,515 SF

      11920 Preston Rd

      GROCERY, SUPERMARKET • 48,515 SF
      11920 Preston Rd, Dallas, TX 75230-2711
      View Details
    • Value Estimation by Request
      2,006 SF

      11800 Preston Rd

      FINANCIAL BUILDING • 2,006 SF
      11800 Preston Rd, Dallas, TX 75230-2709
      View Details
    • Value Estimation by Request
      4,500 SF

      6065 Frst Ln

      SHOPPING CENTER, STRIP CENTER • 4,500 SF
      6065 Frst Ln, Dallas, TX 75230-2703
      View Details

    Similar Nearby for Sale

    • $4,295,000

      Land For Sale Dallas, TX

      Land available for purchase in Dallas, Texas.
      7320 Northaven Rd, Dallas, TX 75230
      View Details
    • New
      $1,399,000
      0.43 Acres

      Prime Dallas Land Opportunity

      Spacious corner lot in North Dallas ready for redevelopment.
      6006 Boca Raton Dr, Dallas, TX 75230
      View Details
    • $800,000
      2,955 SF

      Dallas Duplex: Investor Opportunity

      Turnkey duplex in North Dallas, leased through September 2026.
      12608 Breckenridge Dr, Dallas, TX 75230
      View Details
    • $855,000
      0.36 Acres

      Preston Hollow Land Opportunity

      Prime 0.36 acre lot in prestigious Preston Hollow neighborhood.
      6302 Walnut Hill Ln, Dallas, TX 75230
      View Details
    • $855,000

      Land Available in Dallas, Texas

      Land for sale in Dallas County.
      6302 Walnut Hill Ln, Dallas, TX 75230
      View Details
    • $925,000
      0.23 Acres

      Crest Meadows Duplex Near Preston Hollow

      Single-story duplex in Crest Meadows, near Preston Hollow Village.
      7334-7336 Woodthrush Dr, Dallas, TX 75230
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in High-Traffic Area

      Retail space available in a sought-after Dallas location.
      12817 Preston Rd, Dallas, TX 75230
      View Details
    • Contact for pricing

      Premier Retail Destination in Dallas

      Neighborhood retail center at a bustling Dallas intersection.
      11730 Preston Rd, Dallas, TX 75230
      View Details
    • Contact for pricing
      1,093 SF

      Retail and Restaurant Spaces Available

      Mixed-use development with retail, restaurant, and fitness spaces for lease.
      7859 Walnut Hill Ln, Dallas, TX 75230
      View Details
    • Contact for pricing
      1,514 SF

      Retail Space in Dallas, TX

      Retail space available for lease in Dallas, Texas.
      7863 Walnut Hill Ln, Dallas, TX 75230
      View Details
    • Contact for pricing
      2,227 SF

      Dallas Retail Space For Rent

      Retail space in a renovated Dallas shopping center.
      6025 Royal Ln, Dallas, TX 75230
      View Details
    • Contact for pricing
      12,062 SF

      Retail Space Available For Lease

      Former 99 Cent Only building available for lease in Dallas.
      13444 Preston Rd, Dallas, TX 75230
      View Details
    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.
    Preston Rd. & Frst Ln
    Dallas, TX 75230
    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
    Preston Rd. & Frst Ln, Dallas, TX, 75230
    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!