Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5045 Willis Ave Dallas, TX 75206
    Back to Search
    Property profile & analytics

    5045 Willis Ave Dallas, TX 75206

    View on Map
    • Retail properties & Spaces
    • 1,518 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Bev Heil & Associates / Interior Design / Home Decor Store

    Property Details for 5045 Willis Ave

    Property size
    1,518 SF
    Property type
    Retail properties & Spaces

    Description

    This exceptional 1,518-square-foot retail space at 5045 Willis Ave in Dallas, Texas (zip code 75206), offers a fantastic opportunity for businesses seeking a vibrant location. Located in Dallas County, this single-tenant property boasts a freshly updated interior, including a brand-new HVAC system and a completely renovated restroom, ensuring full compliance with all City codes, including ADA requirements. The modern exterior features upgraded windows and a stylish façade, creating an attractive storefront. Tenants have the unique advantage of customizing interior finishes to perfectly align with their brand identity. The property's prime location within a highly walkable area near Henderson Avenue and the Knox Street District provides unparalleled access to a thriving community of high-end retailers, restaurants, and nightlife. The surrounding area is densely populated, with over 150 apartment complexes within a one-mile radius, guaranteeing a consistent flow of potential customers. This is an exceptional opportunity to establish or expand your business in a dynamic and desirable neighborhood. The property is fully vacant and 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
    -96.7853
    Latitude
    32.8204

    Comparable in this City

    • Value Estimation by Request
      15,290 SF

      5300 Mockingbird Ln

      Retail properties & Spaces • 15,290 SF
      5300 Mockingbird Ln, Dallas, TX 75206
      View Details
    • Value Estimation by Request
      1,015 SF

      2400 Henderson Ave

      Retail properties & Spaces • 1,015 SF
      2400 Henderson Ave, Dallas, TX 75206
      View Details
    • Value Estimation by Request
      7,610 SF

      6050 Central Expy

      Retail properties & Spaces • 7,610 SF
      6050 Central Expy, Dallas, TX 75206
      View Details
    • Value Estimation by Request
      8,914 SF

      4909 Ross Ave

      Lifestyle centers • 8,914 SF
      4909 Ross Ave, Dallas, TX 75206
      View Details
    • Value Estimation by Request

      3016 Greenville Ave

      Lifestyle centers
      3016 Greenville Ave, Dallas, TX 75206
      View Details
    • Value Estimation by Request
      9,952 SF

      5602-5606 Mockingbird Ln

      Retail properties & Spaces • 9,952 SF
      5602-5606 Mockingbird Ln, Dallas, TX 75206
      View Details

    Similar Nearby for Sale

    • $750,000
      3,300 SF

      Restaurant Business with Apartment For Sale

      Restaurant business with apartment and equipment for sale in Dallas.
      5014 Ross Ave, Dallas, TX 75206
      View Details
    • Contact for pricing
      3,222 SF

      Bryan Street Retail Opportunity

      Retail property in walkable area with planned residential development.
      4908 Bryan St, Dallas, TX 75206
      View Details
    • Contact for pricing
      3,840 SF

      Retail Space in Knox/Henderson District

      Retail space with high visibility in a vibrant area.
      3001 N Henderson Ave, Dallas, TX 75206
      View Details
    • Contact for pricing
      3,222 SF

      Retail Space on Bryan Street

      3,222 SF retail space available for sale.
      4908 Bryan St, Dallas, TX 75206
      View Details
    • Contact for pricing
      2,600 SF

      Retail Space on Henderson Avenue

      2,600 SF retail space available for sale.
      1718 N Henderson Ave, Dallas, TX 75206
      View Details
    • $439,000
      0.14 Acres

      Residential Lots in Prime Dallas

      Residential lots in a prime Dallas location near SMU.
      5470 Ellsworth Ave, Dallas, TX 75206
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Mixed-Use Development in Midtown Dallas

      Mixed-use development with shopping, dining, entertainment, residences, and offices.
      5307 E Mockingbird Ln, Dallas, TX 75206
      View Details
    • Contact for pricing
      3,720 SF

      Restaurant Space Near SMU

      3,720 SF retail space near Southern Methodist University.
      5609 Smu Blvd, Dallas, TX 75206
      View Details
    • Contact for pricing
      2,800 SF

      Greenville Avenue Commissary Kitchen Space

      Second-generation commissary kitchen space with high visibility and access.
      2937 Greenville Ave, Dallas, TX 75206
      View Details
    • Contact for pricing
      8,062 SF

      Restaurant Space on Greenville Avenue

      Second-generation restaurant space with patio on Lowest Greenville Ave.
      1520 Greenville Ave, Dallas, TX 75206
      View Details
    • Contact for pricing

      Retail Space Available For Lease

      Retail space available for lease at 5740 Prospect Ave.
      5740 Prospect Ave, Dallas, TX 75206
      View Details
    • Contact for pricing

      Retail Space in Knox-Henderson District

      Infill retail opportunity in the sought-after Knox-Henderson district.
      2802 N Henderson Ave, Dallas, TX 75206
      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.
    5045 Willis Ave
    Dallas, TX 75206
    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
    5045 Willis Ave, Dallas, TX, 75206
    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!