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    1515 Buckner Blvd Dallas, TX 75217

    • Lifestyle centers
    • 226,434 SF
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Brident Dental & Orthodontics / Teeth Whitening Service / Dental Implants Periodontist
    • Park Chad C DDS / Dentist
    • Nwokorie Christian U DDS / Dentist
    • Buckner Barber School / Barber Shop
    • Pleasant Grove Shopping Center / Shopping Mall

    Property Details for 1515 Buckner Blvd

    Property size
    226,434 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    This thriving 226,434 square foot regional shopping center, located at 1515 S Buckner Blvd in Dallas, Texas (zip code 75217), presents a unique investment opportunity. Anchored by a high-volume El Rancho Supermarket, the center benefits from significant vehicular and foot traffic, contributing to consistently high occupancy rates. The property, situated in the heart of the Pleasant Grove community within Dallas County, offers multiple tenancy options. Currently, there are two available spaces, with a minimum divisible space of 1,950 square feet and a maximum contiguous space of 4,200 square feet. A total of 8,950 square feet is currently vacant, providing immediate opportunities for expansion or new tenant acquisition. This property is ideal for businesses seeking high visibility and access to a dense consumer base. The property's size and location make it an attractive investment for both established businesses and new ventures looking to capitalize on the strong retail environment in this established Dallas neighborhood. The center's strong anchor tenant and consistent occupancy history demonstrate its enduring appeal and potential for future growth. Serious inquiries are encouraged to explore this exceptional retail investment opportunity.

    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
    -96.6849
    Latitude
    32.7383

    Comparable in this City

    • Value Estimation
      $395,000
      12,440 SF

      2029 Buckner Blvd

      SHOPPING CENTER, STRIP CENTER • 12,440 SF
      2029 Buckner Blvd, Dallas, TX 75217
      View Details
    • Value Estimation by Request
      10,002 SF

      10155 Lk June Rd

      SHOPPING CENTER, STRIP CENTER • 10,002 SF
      10155 Lk June Rd, Dallas, TX 75217-3001
      View Details
    • Value Estimation
      $755,000
      20,498 SF

      8407 Lk June Rd

      SHOPPING CENTER, STRIP CENTER • 20,498 SF
      8407 Lk June Rd, Dallas, TX 75217
      View Details
    • Value Estimation
      $340,000
      3,040 SF

      9179 Bruton Rd

      SHOPPING CENTER, STRIP CENTER • 3,040 SF
      9179 Bruton Rd, Dallas, TX 75217
      View Details
    • Value Estimation
      $410,000
      9,000 SF

      1734 Buckner Blvd

      SHOPPING CENTER, STRIP CENTER • 9,000 SF
      1734 Buckner Blvd, Dallas, TX 75217-1875
      View Details
    • Value Estimation
      $335,000
      10,720 SF

      1328 Jim Miller Rd

      SHOPPING CENTER, STRIP CENTER • 10,720 SF
      1328 Jim Miller Rd, Dallas, TX 75217-1365
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
      226,434 SF

      Pleasant Grove Retail Center Investment

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      Retail Space on Buckner Blvd

      Retail space available for lease at a high-traffic intersection.
      1230 S Buckner Blvd, Dallas, TX 75217
      View Details
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    Dallas, TX 75217
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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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