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

    12817 Preston Rd Dallas, TX 75230

    • Strip malls
    • 24,392 SF
    • 5.79 lot acres
    For Lease
    View listing
    Value Estimations
    $1,355,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-1411415
    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

    • Acura Key Programming / Auto Repair Shop
    • Shaheryar Khan / Chiropractor
    • Hollie World / Hair Salon / Barber Shop
    • Rena Levi Skincare / Skin Care Clinic / Facial Spa
    • May Nails Spa / Nail Salon

    Property Details for 12817 Preston Rd

    Year built
    1975
    Construction
    TILT-UP CONCRETE
    Lot size
    5.79 lot acres
    Property size
    24,392 SF
    Zone code
    Z248
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    731062000000
    APU
    731062000000

    Description

    This exceptional retail property, located at 12817 Preston Rd in Dallas, Texas (zip code 75230), offers a total of 13,943 square feet of vacant space, ideally situated within Dallas County. The property is currently available for lease as a whole or in divisible units ranging from a minimum of 1,678 square feet to a maximum contiguous space of 8,700 square feet, providing flexibility for various business needs. Its prime location on Preston Road, inside the 635 loop, places it within one of the most desirable retail corridors in the Dallas-Fort Worth area. This strategic positioning benefits from the ongoing development of Dallas Midtown, ensuring a consistently elevated tenant mix and strong potential for growth. The property's multiple tenancy allows for diverse business opportunities and a vibrant commercial environment. The address is easily accessible and benefits from high visibility and traffic flow, making it an attractive location for businesses seeking a prominent presence in a thriving area. This is a rare opportunity to secure a significant retail space in a rapidly developing and highly sought-after location. The property's size and flexibility make it suitable for a wide range of retail concepts. Contact us today to learn more about leasing opportunities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,165,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,541,000
      Market price range: $639k - $1.71M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,105,000
      Current use
      MEDICAL BUILDING
      $1,655,000
      Change: +49% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $1,240,000
      Change: +12% Conversion: Difficult
      WAREHOUSE, STORAGE
      $970,000
      Change: -12% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.8051
    Latitude
    32.9235
    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
    $310,278
    $3,785,400
    $9,735,610
    $13,521,010
    -
    $3,785,400
    $9,735,610
    $13,521,010

    Comparable in this City

    • Value Estimation
      $1,270,000
      38,760 SF

      12835 Preston Rd

      SHOPPING CENTER, STRIP CENTER • 38,760 SF
      12835 Preston Rd, Dallas, TX 75230-1277
      View Details
    • Value Estimation by Request
      4,500 SF

      6065 Frst Ln

      SHOPPING CENTER, STRIP CENTER • 4,500 SF
      6065 Frst Ln, Dallas, TX 75230-2703
      View Details
    • Value Estimation by Request
      4,840 SF

      11810 Preston Rd

      SHOPPING CENTER, STRIP CENTER • 4,840 SF
      11810 Preston Rd, Dallas, TX 75230-2795
      View Details
    • Value Estimation
      $715,000
      11,766 SF

      12532 Nuestra Dr

      SHOPPING CENTER, STRIP CENTER • 11,766 SF
      12532 Nuestra Dr, Dallas, TX 75230-1718
      View Details
    • Value Estimation by Request
      10,185 SF

      10749 Preston Rd

      SHOPPING CENTER, STRIP CENTER • 10,185 SF
      10749 Preston Rd, Dallas, TX 75230-3806
      View Details
    • Value Estimation
      $2,705,000
      62,497 SF

      11661 Preston Rd

      SHOPPING CENTER, STRIP CENTER • 62,497 SF
      11661 Preston Rd, Dallas, TX 75230-2745
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
      87,790 SF

      Central Forest Shopping Center

      High-traffic Dallas retail center
      11613 Central Expy, Dallas, TX 75230
      View Details
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      Dallas Retail Space For Rent

      Retail space in a renovated Dallas shopping center.
      6025 Royal Ln, Dallas, TX 75230
      View Details
    • $24 SF/Yr
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      Retail and Restaurant Spaces Available

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      Retail space available for lease in Dallas, Texas.
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      12,062 SF

      Retail Space Available For Lease

      Former 99 Cent Only building available for lease in Dallas.
      13444 Preston Rd, Dallas, TX 75230
      View Details
    • Contact for pricing
      171,143 SF

      Preston Forest Village Retail Space

      Dallas retail space, multiple suites available
      0 Preston Rd. & Frst Ln, Dallas, TX 75230
      View Details
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    12817 Preston Rd
    Dallas, TX 75230
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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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