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    Property profile & analytics

    12969 Preston Rd Dallas, TX 75230-1421

    • Grocery and convenience stores
    • 3,120 SF
    • 0.51 lot acres
    OFF-MARKET
    Value Estimations
    $455,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-0401145
    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

    • Shell / Convenience Store / Atm

    Property Details for 12969 Preston Rd

    Year built
    1981
    Construction
    STEEL FRAME
    Lot size
    0.51 lot acres
    Property size
    3,120 SF
    Zone code
    Z248
    Property type
    Grocery and convenience stores
    APN
    731047000000
    APU
    731047000000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $460,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $348,000
      Market price range: $289k - $464k

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.8041
    Latitude
    32.9248
    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
    $19,047
    $669,330
    $160,670
    $830,000
    -
    $669,330
    $160,670
    $830,000

    Comparable in this City

    • Value Estimation
      $1,365,000
      48,515 SF

      11920 Preston Rd

      GROCERY, SUPERMARKET • 48,515 SF
      11920 Preston Rd, Dallas, TX 75230-2711
      View Details
    • Value Estimation
      $360,000
      2,585 SF

      11803 Preston Rd

      CONVENIENCE STORE • 2,585 SF
      11803 Preston Rd, Dallas, TX 75230-2708
      View Details
    • Value Estimation
      $455,000
      2,016 SF

      7950 Frst Ln

      CONVENIENCE STORE • 2,016 SF
      7950 Frst Ln, Dallas, TX 75230-2426
      View Details
    • Value Estimation
      $430,000
      2,006 SF

      11800 Preston Rd

      FINANCIAL BUILDING • 2,006 SF
      11800 Preston Rd, Dallas, TX 75230-2709
      View Details
    • Value Estimation
      $545,000
      4,300 SF

      10763 Preston Rd

      FINANCIAL BUILDING • 4,300 SF
      10763 Preston Rd, Dallas, TX 75230-3806
      View Details
    • Value Estimation
      $475,000
      3,529 SF

      11611 Preston Rd, Unit ED

      FINANCIAL BUILDING • 3,529 SF
      11611 Preston Rd, Dallas, TX 75230-2704
      View Details

    Similar Nearby for Sale

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      0.53 Acres

      Dallas Land Ready to Build

      Shovel-ready land with mature trees, plans, and permits.
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      Updated Condo with Prime Location

      Charming 2-bed, 2-bath condo with modern updates and great amenities.
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      1,087 SF

      Updated Condo in Prime Location

      Inviting condo with updated features in a convenient Dallas location.
      7824 Meadow Park Dr, Dallas, TX 75230
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    • $800,000
      0.13 Acres

      Dallas Duplex Investment Opportunity

      Turnkey duplex in North Dallas, leased through September 2026.
      12608 Breckenridge Dr, Dallas, TX 75230
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    • $2,250,000
      0.93 Acres

      Preston Hollow Land Opportunity

      Cleared lot in prime Dallas location ready for development.
      6639 Willow Ln, Dallas, TX 75230
      View Details
    • $700,000
      0.37 Acres

      Residential Land in North Dallas

      Land with mature trees, renovate or build dream home.
      6865 Greenwich Ln, Dallas, TX 75230
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    Similar Nearby for Lease

    • Contact for pricing
      1,514 SF

      Retail Space in Dallas, TX

      Retail space available for lease in Dallas, Texas.
      7863 Walnut Hill Ln, Dallas, TX 75230
      View Details
    • Contact for pricing
      1,678 SF

      Retail Space on Preston Road

      Retail space for lease in a sought-after Dallas corridor.
      12835 Preston Rd, Dallas, TX 75230
      View Details
    • Contact for pricing
      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
      102,706 SF

      Preston Oaks Retail Space Available

      Dallas storefront, 3,901 sq ft.
      10720 Preston Rd, Dallas, TX 75230
      View Details
    • Contact for pricing
      1,451 SF

      Retail Space at Preston Road

      Retail space with high visibility and accessibility in Dallas, TX.
      14999 Preston Rd, Dallas, TX 75230
      View Details
    • Contact for pricing
      2,000 SF

      Retail Space Available For Rent

      2000 square feet retail space available for rent.
      9850 Walnut Hill Cir, Dallas, TX 75230
      View Details

    Property Visit Statistics

    • Visits by month
      17.7k
    • Visitors by month
      14.0k
    • Avg Time on site
      10 min
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    12969 Preston Rd
    Dallas, TX 75230-1421
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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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