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    17062 Preston Rd Dallas, TX 75248
    Property profile & analytics

    17062 Preston Rd Dallas, TX 75248

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    • Retail properties & Spaces
    • 5,551 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Deluxe Nails & Spa / Hair Salon / Nail Salon
    • Petfolk Veterinary & Urgent Care - North Dallas / Veterinary Clinic
    • Deli News N.Y. Style Deli Restaurant / Restaurant
    • petbar Boutique - Preston Trail / Pet Grooming Service
    • Zadow Lynn DDS / Dental Office

    Property Details for 17062 Preston Rd

    Property size
    5,551 SF
    Property type
    Retail properties & Spaces

    Description

    This exceptional retail opportunity is located at 17062 Preston Rd, Dallas, Texas, 75248, in Dallas County. The property, part of a repositioning project at The Shops at Preston Trail, offers a total of 5,551 square feet across two suites, currently fully vacant. Individual suites range from a minimum of 2,049 square feet to a maximum contiguous space of 3,502 square feet, providing flexibility for various retail concepts. The property benefits from a prime location at the southeast corner of Preston Rd and Campbell, an intersection boasting 70,000 vehicles per day. This high-traffic area is surrounded by affluent neighborhoods and highly-rated schools, making it an ideal location for businesses targeting a discerning clientele. The Shops at Preston Trail is undergoing a revitalization, aiming to create a more community-focused tenant mix with tasteful upgrades. The property's proximity to Preston Trail Golf Club, Bent Tree Country Club, and the Clubs of Prestonwood further enhances its appeal and accessibility. This is a rare chance to establish a presence in a thriving, upscale Dallas community undergoing significant improvements. The property is ready for immediate occupancy.

    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
    -96.8032
    Latitude
    32.9826

    Comparable in this City

    • Value Estimation by Request
      124,176 SF

      7617 Campbell Rd

      Neighborhood centers • 124,176 SF
      7617 Campbell Rd, Dallas, TX 75248
      View Details
    • Value Estimation
      $2,165,000
      16,260 SF

      7114 Campbell Rd

      SHOPPING CENTER, STRIP CENTER • 16,260 SF
      7114 Campbell Rd, Dallas, TX 75248-1574
      View Details
    • Value Estimation
      $7,960,000
      59,708 SF

      7529 Campbell Rd

      REGIONAL SHOPPING CENTER, MALL • 59,708 SF
      7529 Campbell Rd, Dallas, TX 75248-1701
      View Details
    • Value Estimation
      $6,810,000
      216,281 SF

      15220 Montfort Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 216,281 SF
      15220 Montfort Rd, Dallas, TX 75248-6401
      View Details
    • Value Estimation
      $5,110,000
      37,270 SF

      16623 Coit Rd

      REGIONAL SHOPPING CENTER, MALL • 37,270 SF
      16623 Coit Rd, Dallas, TX 75248-2367
      View Details
    • Value Estimation by Request
      1,717 SF

      15205 Montfort Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,717 SF
      15205 Montfort Rd, Dallas, TX 75248-6457
      View Details

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    Similar Nearby for Lease

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      2,200 SF

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      Retail space available in a high-traffic Dallas power center.
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      Dallas Retail Space For Rent

      Retail space in Bent Tree submarket with convenient highway access.
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      Renovated End Cap Restaurant Space

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      Retail Space in Dallas Center

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      Preston Road Retail/Office Space

      Second-generation suite with office finish-out and dedicated parking.
      16000 Preston Rd, Dallas, TX 75248
      View Details
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    Dallas, TX 75248
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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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