Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    6818-6826 Greenville Ave Dallas, TX 75231
    Property profile & analytics

    6818-6826 Greenville Ave, Dallas, TX 75231

    View on Map
    • Specialty properties
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Specialty properties

    Property Details for 6818-6826 Greenville Ave

    Property type
    Specialty properties
    Property subtype
    Bars & Pubs

    Description

    This exceptional 12,949-square-foot special purpose property located at 6818-6826 Greenville Avenue in Dallas, Texas, presents a unique investment or leasing opportunity. Situated on a 0.8-acre lot in a high-traffic area of Dallas, this single-tenant property boasts prime visibility and accessibility. The property benefits from its location near major retailers such as Costco, Whole Foods, and Ulta, ensuring consistent foot traffic. Convenient ingress and egress are further enhanced by additional adjacent parking leased separately through ONCOR. The property also features a prominent billboard, maximizing its marketing potential. This location offers redevelopment possibilities and is easily accessible from major highways, making it ideal for businesses seeking to reach a broad customer base. The property's zoning allows for a nightclub or bar use. The zip code is 75231.

    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
    -96.766
    Latitude
    32.8699

    Comparable in this City

    • Value Estimation by Request
      7,949 SF

      6826 Greenville Ave

      NIGHTCLUB (COCKTAIL LOUNGE)
      6826 Greenville Ave, Dallas, TX 75231-6404
      View Details
    • Value Estimation
      $720,000
      18,655 SF

      6532 Enw Hwy

      NIGHTCLUB (COCKTAIL LOUNGE)
      6532 Enw Hwy, Dallas, TX 75231-8010
      View Details
    • Value Estimation by Request
      1,490 SF

      6537 Enw Hwy

      DRIVE-THRU RESTAURANT, FAST FOOD
      6537 Enw Hwy, Dallas, TX 75231-8009
      View Details
    • Value Estimation by Request
      1,512 SF

      6918 Greenville Ave

      RESTAURANT
      6918 Greenville Ave, Dallas, TX 75231-5904
      View Details
    • Value Estimation by Request
      1,472 SF

      7071 Greenville Ave

      DRIVE-THRU RESTAURANT, FAST FOOD
      7071 Greenville Ave, Dallas, TX 75231-5116
      View Details
    • Value Estimation by Request
      2,568 SF

      6216 Retail Rd

      DRIVE-THRU RESTAURANT, FAST FOOD
      6216 Retail Rd, Dallas, TX 75231-7825
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      12,949 SF

      Iconic Greenville Avenue Location

      12,949 SF property on 0.8 AC for lease.
      6818 Greenville Ave, Dallas, TX 75231
      View Details
    • Contact for pricing

      Commercial Property in Dallas, Texas

      Commercial property available for sale in Dallas, Texas.
      10830 NORTH Central Expy, Dallas, TX 75231
      View Details
    • Contact for pricing
      3,886 SF

      Dallas Car Wash Investment Opportunity

      NNN leased car wash with long-term tenant in Dallas.
      6559 E Northwest Hwy, Dallas, TX 75231
      View Details
    • Contact for pricing
      35,000 SF

      Calloway's Nursery Dallas Investment Opportunity

      New construction Calloway's Nursery on 1.73 acres in Dallas.
      7600 Greenville Ave, Dallas, TX 75231
      View Details
    • Contact for pricing
      12,949 SF

      Greenville Avenue Retail Redevelopment Opportunity

      Prime retail property with redevelopment potential on Greenville Avenue.
      6826 Greenville Ave, Dallas, TX 75231
      View Details
    • Contact for pricing

      Multifamily Community in Dallas, Texas

      64-unit multifamily community built in 1986 in Dallas, Texas.
      7610 Skillman St, Dallas, TX 75231
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,373 SF

      Restaurant Space with Drive-Thru

      Freestanding 2,373 SF restaurant space with drive-thru, updated in 2022.
      6216 Retail Rd, Dallas, TX 75231
      View Details
    • Contact for pricing

      Lake Highlands Retail Space Available

      Urban infill shopping destination in the heart of Lake Highlands.
      7100 Wildcat Way, Dallas, TX 75231
      View Details
    • Contact for pricing
      4,026 SF

      Retail Space in Timber Creek

      Retail space available in a large shopping center.
      6243 Retail Rd, Dallas, TX 75231
      View Details
    • Contact for pricing
      21,582 SF

      Freestanding Retail Building on Expressway

      21,582 SF retail building with pylon signage available for rent.
      10838 N Central Expy, Dallas, TX 75231
      View Details
    • Contact for pricing
      3,239 SF

      Retail/Medical Space For Lease

      In-line retail/medical spaces available in high-traffic Dallas location.
      10910 N Central Expy, Dallas, TX 75231
      View Details
    • Contact for pricing
      14,100 SF

      Retail Space at The Hill

      Retail space available for lease at The Hill in Dallas.
      8041 Walnut Hill Ln, Dallas, TX 75231
      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.
    6818-6826 Greenville Ave
    Dallas, TX 75231
    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
    6818-6826 Greenville Ave, Dallas, TX, 75231
    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!