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    14902 Preston Rd Dallas, TX 75254
    Property profile & analytics

    14902 Preston Rd Dallas, TX 75254

    View on Map
    • Neighborhood centers
    • 280,452 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

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

    Property Details for 14902 Preston Rd

    Year built
    1977
    Property size
    280,452 SF
    Property type
    Neighborhood centers
    Property subtype
    Lifestyle centers

    Description

    The Market at Pepper Square, located at 14902 Preston Rd, Dallas, TX 75254, offers exceptional retail leasing opportunities. This 280,452 square foot power center, shopping center, and strip center boasts a prime location at the intersection of Preston Road and Belt Line Road in the North Dallas submarket. Built in 1977 and renovated in 2017, the property currently has 65,997 square feet of vacant space available, divisible into units ranging from 557 to 37,130 contiguous square feet. The center benefits from strong demographics, with average household incomes exceeding $100,000 within a 3-mile radius. Preston Road, a major north-south thoroughfare, provides excellent visibility and accessibility. The Market at Pepper Square is anchored by established tenants including Trader Joe's, Hobby Lobby, and Urban Air Trampoline Park, creating a vibrant and attractive retail environment. This property presents a unique opportunity for businesses seeking high-traffic exposure in a thriving North Dallas location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Collin
    State
    Texas
    Longitude
    -96.8023
    Latitude
    32.952

    Comparable in this City

    • Value Estimation
      $585,000
      4,056 SF

      14715 Coit Rd

      SHOPPING CENTER, STRIP CENTER • 4,056 SF
      14715 Coit Rd, Dallas, TX 75254
      View Details
    • Value Estimation by Request
      4,580 SF

      5000 Belt Line Rd

      SHOPPING CENTER, STRIP CENTER • 4,580 SF
      5000 Belt Line Rd, Dallas, TX 75254-6789
      View Details
    • Value Estimation
      $940,000
      36,523 SF

      5225 Belt Line Rd

      SHOPPING CENTER, STRIP CENTER • 36,523 SF
      5225 Belt Line Rd, Dallas, TX 75254-1462
      View Details
    • Value Estimation by Request
      10,074 SF

      14891 Preston Rd

      SHOPPING CENTER, STRIP CENTER • 10,074 SF
      14891 Preston Rd, Dallas, TX 75254-7817
      View Details
    • Value Estimation
      $690,000
      31,253 SF

      4800 Belt Line Rd

      SHOPPING CENTER, STRIP CENTER • 31,253 SF
      4800 Belt Line Rd, Dallas, TX 75254-7541
      View Details
    • Value Estimation
      $775,000
      21,340 SF

      5907 Belt Line Rd

      SHOPPING CENTER, STRIP CENTER • 21,340 SF
      5907 Belt Line Rd, Dallas, TX 75254-7703
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
      7,020 SF

      Retail Space in Dallas Center

      Retail space available in a dynamic Dallas retail hub.
      5225 Belt Line Rd, Dallas, TX 75254
      View Details
    • Contact for pricing
      10,000 SF

      Retail Space on Belt Line

      New construction retail and restaurant space in Dallas, TX.
      5400 Belt Line Rd, Dallas, TX 75254
      View Details
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      20,388 SF

      Retail Building on Belt Line

      20,388 SF retail building divisible to 8,000 SF.
      4400 Belt Line Rd, Dallas, TX 75254
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    • Contact for pricing
      1,750 SF

      Retail Space on Belt Line

      Retail space with high visibility and foot traffic.
      5920 Belt Line Rd, Dallas, TX 75254
      View Details
    • Contact for pricing
      17,085 SF

      Freestanding Restaurant Building For Lease

      Second-generation restaurant building fronting Belt Line near Dallas North Tollway.
      5003 Belt Line Rd, Dallas, TX 75254
      View Details
    • Contact for pricing
      6,882 SF

      Restaurant Space Available For Lease

      6,882 SF restaurant space available for lease.
      4855 Belt Line Rd, Dallas, TX 75254
      View Details
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    Dallas, TX 75254
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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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