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    2731 Northwest Hwy Dallas, TX 75220
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    2731 Northwest Hwy Dallas, TX 75220

    View on Map
    • Neighborhood centers
    • 13,570 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Texas Dentistry for Kids / Dental Office
    • Texas Orthodontics / Dental Office
    • Metro by T-Mobile / Mobile Phone Store / Electronics & Wireless Store
    • Palmer Pharmacy Plus / Pharmacy
    • Luces Hair Salon / Hair Salon / Nail Salon

    Property Details for 2731 Northwest Hwy

    Property size
    13,570 SF
    Property type
    Neighborhood centers
    Property subtype
    Retail properties & Spaces

    Description

    Northwest Kendale Plaza offers a fantastic retail opportunity in the heart of Dallas, Texas. This single-building strip center, located at 2731 W. Northwest Hwy, zip code 75220, boasts a total of 13,570 square feet. Currently, there is one available storefront space totaling 1,000 square feet, perfect for a variety of retail businesses. The minimum divisible space is 1,000 square feet, and the maximum contiguous space available is also 1,000 square feet. This property is situated in Dallas County and provides excellent visibility and accessibility for customers. The property's location on Northwest Highway ensures high traffic volume and exposure to a large potential customer base. This is an exceptional opportunity for businesses seeking a well-located, readily available retail space in a thriving Dallas neighborhood. The property is categorized as a storefront and strip center, offering a convenient and attractive retail environment. Serious inquiries are encouraged to explore this prime retail space and its potential. The property is ready for immediate occupancy. Contact us today to schedule a viewing.

    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
    -96.8744
    Latitude
    32.8589

    Comparable in this City

    • Value Estimation
      $915,000
      25,540 SF

      2750 Wnw Hwy

      SHOPPING CENTER, STRIP CENTER • 25,540 SF
      2750 Wnw Hwy, Dallas, TX 75220-4772
      View Details
    • Value Estimation by Request
      6,075 SF

      2040 Wnw Hwy

      SHOPPING CENTER, STRIP CENTER • 6,075 SF
      2040 Wnw Hwy, Dallas, TX 75220-2316
      View Details
    • Value Estimation by Request
      10,400 SF

      2829 Webb Chapel Ext

      SHOPPING CENTER, STRIP CENTER • 10,400 SF
      2829 Webb Chapel Ext, Dallas, TX 75220-6221
      View Details
    • Value Estimation
      $640,000
      11,130 SF

      9655 Webb Chapel Rd

      SHOPPING CENTER, STRIP CENTER • 11,130 SF
      9655 Webb Chapel Rd, Dallas, TX 75220-4901
      View Details
    • Value Estimation by Request
      7,380 SF

      9530 Overlake Dr

      SHOPPING CENTER, STRIP CENTER • 7,380 SF
      9530 Overlake Dr, Dallas, TX 75220-5950
      View Details
    • Value Estimation by Request
      4,000 SF

      2960 Wnw Hwy

      SHOPPING CENTER, STRIP CENTER • 4,000 SF
      2960 Wnw Hwy, Dallas, TX 75220-6218
      View Details

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      25,841 SF

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      25,841 SF freestanding building on 2.3 AC land for lease.
      2373 Stemmons Trl, Dallas, TX 75220
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      0.21 Acres

      Commercial Opportunity Near Harry Hines

      Versatile property near major highways with immediate income potential.
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      6,294 SF

      Retail Property in Dallas, Texas

      Retail property with 6,294 square feet of space.
      2403 Community Dr, Dallas, TX 75220
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    • $2,390,000
      500 SF

      Retail Property on Northwest Highway

      Retail property available for sale on Northwest Highway.
      2018-2020 W Northwest Hwy, Dallas, TX 75220
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    Similar Nearby for Lease

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      2,026 SF

      Retail Space in Dallas Center

      Retail space available in a high-traffic Dallas shopping center.
      2904-2950 W Northwest Hwy, Dallas, TX 75220
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      1,620 SF

      Retail Space Near Love Field

      Two-story retail center near apartments, Harry Hines, and I-35E.
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      Retail Space with I-35 Exposure

      Retail property available for lease or ground lease.
      10310 Lombardy Ln, Dallas, TX 75220
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      1,842 SF

      Freestanding Retail or Restaurant Space

      Retail or restaurant opportunity in a high-traffic Dallas location.
      3237 W Northwest Hwy, Dallas, TX 75220
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      22,000 SF

      Showroom/Retail Space in Dallas

      6,000 SF showroom/retail space in prime Dallas location.
      10679 Harry Hines Blvd, Dallas, TX 75220
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    • Contact for pricing
      1,300 SF

      Retail Space Near Love Field

      Retail space available near Dallas Love Field Airport.
      3440-3474 Webb Chapel Ext, Dallas, TX 75220
      View Details
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    Dallas, TX 75220
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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.

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    2731 Northwest Hwy, Dallas, TX, 75220
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