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

    1406 Greenville Ave Dallas, TX 75206-7703

    • Strip malls
    • 4,560 SF
    • 0.50 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-0409321
    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

    • Highland Food Store / Grocery & Convenience Store / Food Market
    • Sunoco / Grocery & Convenience Store

    Property Details for 1406 Greenville Ave

    Year built
    1979
    Construction
    TILT-UP CONCRETE
    Lot size
    0.50 lot acres
    Property size
    4,560 SF
    Zone code
    Z239
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    120316000100
    APU
    120316000100

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.7698
    Latitude
    32.8077
    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
    $28,253
    $1,083,550
    $147,650
    $1,231,200
    -
    $1,083,550
    $147,650
    $1,231,200

    Comparable in this City

    • Value Estimation by Request
      5,900 SF

      5858 Greenville Ave

      SHOPPING CENTER, STRIP CENTER • 5,900 SF
      5858 Greenville Ave, Dallas, TX 75206-2917
      View Details
    • Value Estimation
      $1,130,000
      17,338 SF

      6103 Greenville Ave

      SHOPPING CENTER, STRIP CENTER • 17,338 SF
      6103 Greenville Ave, Dallas, TX 75206-1910
      View Details
    • Value Estimation
      $595,000
      9,188 SF

      3519 Greenville Ave

      SHOPPING CENTER, STRIP CENTER • 9,188 SF
      3519 Greenville Ave, Dallas, TX 75206-5629
      View Details
    • Value Estimation
      $1,290,000
      18,595 SF

      2323 Henderson Ave

      SHOPPING CENTER, STRIP CENTER • 18,595 SF
      2323 Henderson Ave, Dallas, TX 75206-8378
      View Details
    • Value Estimation
      $550,000
      7,980 SF

      2923 Henderson Ave

      SHOPPING CENTER, STRIP CENTER • 7,980 SF
      2923 Henderson Ave, Dallas, TX 75206-6402
      View Details
    • Value Estimation by Request
      7,350 SF

      6110 Greenville Ave

      SHOPPING CENTER, STRIP CENTER • 7,350 SF
      6110 Greenville Ave, Dallas, TX 75206-1937
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,600 SF

      Henderson Ave Retail Space

      Dallas Retail Opportunity: 2,600 SF
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      3,222 SF

      Bryan Street Retail Opportunity

      Retail property in walkable area with planned residential development.
      4908 Bryan St, Dallas, TX 75206
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      7,250.00 Acres

      Henderson Ave Retail Opportunity

      Dallas Retail Land, 2376 SF
      2336 Henderson Ave, Dallas, TX 75206
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    • $1,150,000
      1,920 SF

      Retail Space Near SMU For Sale

      Retail space for sale near SMU and high-income neighborhoods.
      5630 E Mockingbird Ln, Dallas, TX 75206
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      3,222 SF

      Dallas Storefront - High Growth Area

      Prime Retail Space, 3,222 SF, Two-Story
      4908 Bryan St, Dallas, TX 75206
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    • $750,000
      3,300 SF

      Restaurant Business with Apartment For Sale

      Restaurant business with apartment and equipment for sale in Dallas.
      5014 Ross Ave, Dallas, TX 75206
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    Similar Nearby for Lease

    • Contact for pricing
      1,320 SF

      Retail Space Near I-75

      1,320 SF retail space near I-75 and Lovers Lane.
      5135-5323 Greenville Ave, Dallas, TX 75206
      View Details
    • $30 SF/Yr
      8,914 SF

      Ross Ave Retail Center Investment

      Prime Dallas retail space, newly renovated.
      4909 Ross Ave, Dallas, TX 75206
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space in Dallas Center

      Retail space available in Fiesta-anchored shopping center near Downtown Dallas.
      5334 Ross Ave, Dallas, TX 75206
      View Details
    • Contact for pricing
      2,000 SF

      Retail Space in Greenville Avenue

      Starbucks-anchored retail center in a prime Dallas location.
      6101-6123 Greenville Ave, Dallas, TX 75206
      View Details
    • Contact for pricing
      3,069 SF

      Retail and Restaurant Space Available

      Retail and restaurant spaces for lease in Lakewood district.
      1904-1926 Skillman St, Dallas, TX 75206
      View Details
    • Contact for pricing
      10,293 SF

      Vibrant Dallas Retail and Entertainment

      Premier shopping, dining, and entertainment in thriving midtown Dallas.
      5321 E Mockingbird Ln, Dallas, TX 75206
      View Details

    Property Visit Statistics

    • Visits by month
      2.9k
    • Visitors by month
      3.7k
    • Avg Time on site
      17 min
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    1406 Greenville Ave
    Dallas, TX 75206-7703
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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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