Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    11617 Central Expy Dallas, TX 75243-3800

    • Strip malls
    • 28,400 SF
    • 2.04 lot acres
    OFF-MARKET
    Value Estimations
    $895,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-0804422
    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

    • Dr. Heather Webb, MD / Physician
    • Dr. William M. Hamilton, MD / Physician
    • Dr. Jean C. Wang, MD / Physician
    • Dr. Michael J. Opatowsky, MD / Physician
    • Dr. Steven C. Gilbert, MD / Physician

    Property Details for 11617 Central Expy

    Year built
    1979
    Construction
    TILT-UP CONCRETE
    Lot size
    2.04 lot acres
    Property size
    28,400 SF
    Zone code
    Z149
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    767508100000
    APU
    767508100000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $650,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,142,000
      Market price range: $635k - $1.14M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $855,000
      Current use
      OFFICE BUILDING
      $1,450,000
      Change: +69% Conversion: Moderate
      RETAIL STORES
      $1,430,000
      Change: +67% Conversion: Easy
      COMMERCIAL (GENERAL)
      $1,325,000
      Change: +55% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $1,125,000
      Change: +32% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.7714
    Latitude
    32.9086
    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
    $134,777
    $2,666,370
    $2,893,630
    $5,560,000
    -
    $2,666,370
    $2,893,630
    $5,560,000

    Comparable in this City

    • Value Estimation
      $1,090,000
      44,360 SF

      9759 Frst Ln

      SHOPPING CENTER, STRIP CENTER • 44,360 SF
      9759 Frst Ln, Dallas, TX 75243-7775
      View Details
    • Value Estimation
      $1,055,000
      56,124 SF

      9205 Skillman St

      SHOPPING CENTER, STRIP CENTER • 56,124 SF
      9205 Skillman St, Dallas, TX 75243-9031
      View Details
    • Value Estimation
      $920,000
      37,733 SF

      12101 Greenville Ave

      SHOPPING CENTER, STRIP CENTER • 37,733 SF
      12101 Greenville Ave, Dallas, TX 75243-0583
      View Details
    • Value Estimation
      $630,000
      16,960 SF

      9751 Walnut St

      SHOPPING CENTER, STRIP CENTER • 16,960 SF
      9751 Walnut St, Dallas, TX 75243-2397
      View Details
    • Value Estimation
      $585,000
      17,600 SF

      9770 Frst Ln

      SHOPPING CENTER, STRIP CENTER • 17,600 SF
      9770 Frst Ln, Dallas, TX 75243-5702
      View Details
    • Value Estimation
      $605,000
      22,326 SF

      11835 Greenville Ave

      SHOPPING CENTER, STRIP CENTER • 22,326 SF
      11835 Greenville Ave, Dallas, TX 75243-3501
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      142,784 SF

      Prime Dallas Corridor Retail Property

      Infill site with redevelopment potential and stabilized income stream.
      13929-13949 N Central Expy, Dallas, TX 75243
      View Details
    • Contact for pricing
      4,148 SF

      Two-Tenant Convenience Center Fuel Station

      Two-tenant convenience center with fuel station in Northeast Dallas.
      9230 Skillman St, Dallas, TX 75243
      View Details
    • $2,375,000
      0.48 Acres

      Dallas Warehouse with Leased Unit

      Two-unit building with office and warehouse space, one unit leased.
      13550 Vargon St, Dallas, TX 75243
      View Details
    • Contact for pricing
      4.92 Acres

      Prime Dallas County Land

      Exceptional Commercial Land, 4.92 Acres
      0 Nec Lbj Fwy I-635 & Greenville Ave, Balch Springs, TX 75243
      View Details
    • $185,000

      Remodeled Condo with Modern Amenities

      Exquisitely remodeled 2-bedroom, 2-bath condo with high-end finishes.
      12484 Abrams Rd, Dallas, TX 75243
      View Details
    • Contact for pricing
      2.84 Acres

      Dallas Commercial Land - 2.84 Acres

      Prime Dallas development site, mixed-use zoning.
      11520 Central Expy, Dallas, TX 75243
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,494 SF

      Retail Space Near Walmart Supercenter

      Retail space available in Dallas, near a Walmart Supercenter.
      9310 Forest Ln, Dallas, TX 75243
      View Details
    • Contact for pricing
      500 SF

      Retail Space in High-Traffic Area

      Retail property at a busy intersection near residential areas.
      13340 Audelia Rd, Dallas, TX 75243
      View Details
    • $10 SF/Yr
      60,446 SF

      Dallas Flex Space: Park Forest Business Center

      Versatile Dallas warehouse & retail space available.
      10500 Plano Rd, Dallas, TX 75243
      View Details
    • Contact for pricing
      3,044 SF

      Retail Space in Lake Highlands

      Grocery-anchored retail center in Dallas's affluent Lake Highlands area.
      9090 Skillman St, Dallas, TX 75243
      View Details
    • $18 SF/Yr
      47,550 SF

      Retail Space in Asian Plaza

      Retail space available within the Asian Plaza shopping center.
      9780 Walnut St, Dallas, TX 75243
      View Details
    • Contact for pricing
      6,870 SF

      Grocery Anchored Retail Center

      Premier shopping center in high-growth Dallas neighborhood.
      8602 Skillman St, Dallas, TX 75243
      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.
    11617 Central Expy
    Dallas, TX 75243-3800
    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

    Google sign-in failed. Please try again or use another login method.