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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    11261 Harry Hines Blvd Dallas, TX 75229-7951

    • Retail space
    • 9,924 SF
    • 1.48 lot acres
    OFF-MARKET
    Value Estimations
    $935,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-5250358
    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

    • Unicraft Plus Inc / Wholesale Florist
    • NTX POWER SPORTS / Atv Dealer / Motorcycle Shop
    • NTX CAR / Car Dealer
    • Discount LED Lights and Signs / Lighting Store / Light Bulb Supplier
    • Barkati Auto Sales / Car Dealer

    Property Details for 11261 Harry Hines Blvd

    Year built
    1973
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.48 lot acres
    Property size
    9,924 SF
    Zone code
    Z239
    Property type
    Retail space
    APN
    006525000175B0000
    APU
    006525000175B0000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $934,000
      Market price range: $395k - $1.18M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $845,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $1,525,000
      Change: +80% Conversion: Moderate
      RESTAURANT
      $1,395,000
      Change: +65% Conversion: Easy
      COMMERCIAL (GENERAL)
      $1,180,000
      Change: +40% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,155,000
      Change: +37% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $785,000
      Change: -7% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.8912
    Latitude
    32.8918
    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
    $43,750
    $0.00
    $0.00
    $1,399,110
    -
    $0.00
    $0.00
    $1,399,110

    Comparable in this City

    • Value Estimation
      $1,105,000
      17,856 SF

      11140 Harry Hines Blvd

      RETAIL STORES (PERSONAL SERVICES) • 17,856 SF
      11140 Harry Hines Blvd, Dallas, TX 75229-4603
      View Details
    • Value Estimation
      $1,325,000
      9,800 SF

      11333 Harry Hines Blvd

      RETAIL STORES (PERSONAL SERVICES) • 9,800 SF
      11333 Harry Hines Blvd, Dallas, TX 75229-3410
      View Details
    • Value Estimation by Request
      1,936 SF

      2454 Royal Ln

      RETAIL STORES (PERSONAL SERVICES) • 1,936 SF
      2454 Royal Ln, Dallas, TX 75229-3438
      View Details
    • Value Estimation by Request
      5,400 SF

      2580 Walnut Hl Ln

      RETAIL STORES (PERSONAL SERVICES) • 5,400 SF
      2580 Walnut Hl Ln, Dallas, TX 75229-5609
      View Details
    • Value Estimation by Request
      3,500 SF

      2685 Walnut Hl Ln

      RETAIL STORES (PERSONAL SERVICES) • 3,500 SF
      2685 Walnut Hl Ln, Dallas, TX 75229-5615
      View Details
    • Value Estimation by Request
      2,000 SF

      11360 Emerald St

      RETAIL STORES (PERSONAL SERVICES) • 2,000 SF
      11360 Emerald St, Dallas, TX 75229-2045
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      33,436 SF

      Dual Flex Buildings For Sale

      Flex buildings with unmatched visibility, ideal for distribution or showroom.
      11670 Harry Hines Blvd, Dallas, TX 75229
      View Details
    • Contact for pricing
      14,103 SF

      Retail/Flex Building on Harry Hines

      14,103 SF retail/flex building with showroom and warehouse space.
      11605 Harry Hines Blvd, Dallas, TX 75229
      View Details
    • Contact for pricing

      Gas Station with Restaurant Space

      Gas station with restaurant, tanks, pumps, and equipment included.
      2630 Walnut Hill Ln, Dallas, TX 75229
      View Details
    • $4,485,920
      19,504 SF

      Auto Service Property For Sale

      Auto service property featuring 20 drive-in doors and 2 dock doors.
      11565 Reeder Rd, Dallas, TX 75229
      View Details
    • Contact for pricing
      71,000 SF

      Dallas Retail Property For Sale

      71,000 square foot retail property in Dallas, Texas.
      11412-11430 Reeder Rd, Dallas, TX 75229
      View Details
    • Contact for pricing
      7,400 SF

      7,400 SF Retail Building

      7,400 SF retail building with fenced outside storage.
      2625 Royal Ln, Dallas, TX 75229
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,227 SF

      Retail Space with Ample Parking

      End-cap retail space available for rent with ample parking.
      2900 Walnut Hill Ln, Dallas, TX 75229
      View Details
    • Contact for pricing
      1,525 SF

      Retail Space Near DART Station

      Retail space available near Walnut Hill/Denton DART station.
      2820-2888 Walnut Hill Ln, Dallas, TX 75229
      View Details
    • Contact for pricing
      6,035 SF

      Retail/Office Space on Walnut Hill

      6,035 SF retail/office space in high-traffic Dallas area.
      2950 Walnut Hill Ln, Dallas, TX 75229
      View Details
    • Contact for pricing
      3,500 SF

      Retail Space in Dallas, TX

      Retail spaces available in an anchored neighborhood center.
      3720 Walnut Hill Ln, Dallas, TX 75229
      View Details
    • Contact for pricing
      5,400 SF

      Retail Space on Harry Hines

      Open concept retail space with frontage on Harry Hines Blvd.
      11029 Harry Hines Blvd, Dallas, TX 75229
      View Details
    • Contact for pricing
      16,000 SF

      Retail Space on Harry Hines

      Retail property with frontage on Harry Hines Boulevard.
      11634 Harry Hines Blvd, Dallas, TX 75229
      View Details
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    Dallas, TX 75229-7951
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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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