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    7033 Greenville Ave Dallas, TX 75231

    • Strip malls
    • 6,148 SF
    • 0.90 lot acres
    For Lease
    View listing
    Value Estimations
    $545,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-3901599
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Roma's Pizza & Italian Restaurant / Bar / Caterer
    • Dr. Mohammad Chowdhury / Dentist
    • Dr. Warunsiri Arrechea / Dentist
    • Warunsiri P Arrechea / Dentist
    • Daily Smiles Dental-Dallas / Dentist / Dental Implants Periodontist

    Property Details for 7033 Greenville Ave

    Year built
    1980
    Construction
    TILT-UP CONCRETE
    Lot size
    0.90 lot acres
    Property size
    6,148 SF
    Zone code
    Z151
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    519800090040000
    APU
    519800090040000

    Description

    This exceptional opportunity presents 7,000 square feet of vacant retail space within the established Hollyview Shopping Center, located at 7033 Greenville Avenue in Dallas, Texas, zip code 75231. The center offers a diverse mix of retail and office tenants, creating a vibrant and thriving commercial environment. This specific space offers flexibility, with a maximum contiguous area of 7,000 square feet, ideal for a variety of businesses. The total building size is 20,000 square feet, indicating a well-established and successful shopping center. The property is situated in a high-traffic area of Dallas, providing excellent visibility and accessibility for potential customers. The available space is suitable for a single large tenant or could be subdivided to accommodate multiple smaller businesses. This is a rare opportunity to secure a prominent location in a well-regarded Dallas shopping center. The property's location offers convenient access to major transportation routes and a strong customer base. The space is currently vacant and ready for immediate occupancy, allowing for quick setup and commencement of operations. Interested parties should inquire for further details and to discuss leasing options. The property is classified as both retail and office, offering versatility in potential uses.

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.7635
    Latitude
    32.8744
    CBSA code
    19100
    CBSA name
    DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $17,069
    $548,860
    $194,970
    $743,830
    -
    $548,860
    $194,970
    $743,830

    Comparable in this City

    • Value Estimation by Request
      24,389 SF

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      6176 Retail Rd

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      8240 Abrams Rd

      SHOPPING CENTER, STRIP CENTER • 13,555 SF
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      11,220 SF

      10207 Central Expy

      SHOPPING CENTER, STRIP CENTER • 11,220 SF
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    • Value Estimation by Request
      14,755 SF

      7035 Greenville Ave

      SHOPPING CENTER, STRIP CENTER • 14,755 SF
      7035 Greenville Ave, Dallas, TX 75231-5115
      View Details
    • Value Estimation
      $390,000
      2,360 SF

      6102 Skillman St

      SHOPPING CENTER, STRIP CENTER • 2,360 SF
      6102 Skillman St, Dallas, TX 75231-7811
      View Details

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    7033 Greenville Ave
    Dallas, TX 75231
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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.

    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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