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    and Ferndale Nec Hwy Dallas, TX 75238
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    and Ferndale Nec Hwy Dallas, TX 75238

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    • Lifestyle centers
    • 103,879 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for and Ferndale Nec Hwy

    Property size
    103,879 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    Northlake Shopping Center, located at the northeast corner of Northwest Highway and Ferndale in Dallas, Texas (zip code 75238), offers a prime retail opportunity in Dallas County. This established shopping center boasts a total of 103,879 square feet of retail space. Currently, there are 23,511 square feet of vacant space available, offering flexible options for prospective tenants. Units range in size from a minimum of 1,052 square feet to a maximum contiguous space of 10,000 square feet, catering to a variety of business needs. The property's strategic location at a major intersection provides excellent visibility and accessibility for customers. The multiple tenancy structure allows for a diverse mix of businesses, creating a vibrant and attractive shopping destination. This is an exceptional opportunity to establish or expand your retail presence in a thriving Dallas market. The property is classified as a retail shopping center. Interested parties should inquire about available spaces and lease terms.

    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
    -96.7095
    Latitude
    32.8656

    Comparable in this City

    • Value Estimation by Request
      8,992 SF

      10531 Enw Hwy

      SHOPPING CENTER, STRIP CENTER • 8,992 SF
      10531 Enw Hwy, Dallas, TX 75238-4800
      View Details
    • Value Estimation by Request
      14,938 SF

      10729 Audelia Rd

      SHOPPING CENTER, STRIP CENTER • 14,938 SF
      10729 Audelia Rd, Dallas, TX 75238-1002
      View Details
    • Value Estimation
      $530,000
      9,430 SF

      11306 Lyndon B Johnson Fwy

      SHOPPING CENTER, STRIP CENTER • 9,430 SF
      11306 Lyndon B Johnson Fwy, Dallas, TX 75238-3133
      View Details
    • Value Estimation
      $525,000
      7,632 SF

      8550 Plano Rd

      SHOPPING CENTER, STRIP CENTER • 7,632 SF
      8550 Plano Rd, Dallas, TX 75238-4822
      View Details
    • Value Estimation
      $720,000
      7,139 SF

      9660 Audelia Rd

      SHOPPING CENTER, STRIP CENTER • 7,139 SF
      9660 Audelia Rd, Dallas, TX 75238-2668
      View Details
    • Value Estimation by Request
      3,798 SF

      11090 Est Ln

      SHOPPING CENTER, STRIP CENTER • 3,798 SF
      11090 Est Ln, Dallas, TX 75238
      View Details

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    Similar Nearby for Lease

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      1,799 SF

      Retail Space in Northlake Center

      1,799 SF retail space in well-leased shopping center.
      10233 E Northwest Hwy, Dallas, TX 75238
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      1,156 SF

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      1,200 SF

      Retail Center Near LBJ Freeway

      14,710 SF retail center with easy freeway access.
      10729 Audelia Rd, Dallas, TX 75238
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      1,841 SF

      Retail Space with High Visibility

      Single-story retail space with excellent visibility and convenient location.
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      4,000 SF

      Retail Space in Northlake Center

      Retail space available in well-located, highly visible shopping center.
      8530 Ferndale Rd, Dallas, TX 75238
      View Details
    • Contact for pricing
      1,226 SF

      Retail Space in Dallas, TX

      1226 sq ft retail space available for rent.
      9660 Audelia Rd, Dallas, TX 75238
      View Details
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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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