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

    15340 Dallas Pkwy Dallas, TX 75248-4636

    • Strip malls
    • 26,716 SF
    • 3.15 lot acres
    OFF-MARKET
    Value Estimations
    $3,720,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2847124
    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

    • Gariani Menswear / Clothing & Fashion Store
    • Zio Al's Pizza & Pasta / Restaurant
    • Ava Sophia Salon Suites and Spa / Hair Salon / Nail Salon
    • MB Trending Hair Studio / Hair Salon / Nail Salon
    • Dallas Nails / Nail Salon

    Property Details for 15340 Dallas Pkwy

    Year built
    1979
    Construction
    TILT-UP CONCRETE
    Lot size
    3.15 lot acres
    Property size
    26,716 SF
    Zone code
    Z59
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    818580200000
    APU
    818580200000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $3,077,000
      Market price range: $911k - $3.09M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $3,990,000
      COMMERCIAL (GENERAL)
      $3,765,000
      RESTAURANT
      $3,755,000
      AUTO REPAIR, GARAGE
      $3,115,000
      RETAIL STORES
      $2,795,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.8204
    Latitude
    32.9582
    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
    $174,403
    $3,428,180
    $4,171,820
    $7,600,000
    -
    $3,428,180
    $4,171,820
    $7,600,000

    Comparable in this City

    • Value Estimation
      $945,000
      11,400 SF

      15250 Dallas Pkwy

      SHOPPING CENTER, STRIP CENTER • 11,400 SF
      15250 Dallas Pkwy, Dallas, TX 75248-4615
      View Details
    • Value Estimation
      $860,000
      12,116 SF

      5181 Keller Spgs Rd

      SHOPPING CENTER, STRIP CENTER • 12,116 SF
      5181 Keller Spgs Rd, Dallas, TX 75248-2688
      View Details
    • Value Estimation
      $1,725,000
      41,764 SF

      15203 Knl Trl Dr

      SHOPPING CENTER, STRIP CENTER • 41,764 SF
      15203 Knl Trl Dr, Dallas, TX 75248-3482
      View Details
    • Value Estimation by Request
      5,700 SF

      15615 Coit Rd

      SHOPPING CENTER, STRIP CENTER • 5,700 SF
      15615 Coit Rd, Dallas, TX 75248-4475
      View Details
    • Value Estimation
      $2,165,000
      16,260 SF

      7114 Campbell Rd

      SHOPPING CENTER, STRIP CENTER • 16,260 SF
      7114 Campbell Rd, Dallas, TX 75248-1574
      View Details
    • Value Estimation
      $1,085,000
      17,314 SF

      15212 Montfort Rd

      SHOPPING CENTER, STRIP CENTER • 17,314 SF
      15212 Montfort Rd, Dallas, TX 75248-6456
      View Details

    Similar Nearby for Sale

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      Updated Duplex in Prime Location

      Spacious, updated duplex in Dallas with income potential.
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      Prime Land in Glen Abbey

      0.92-acre lot in gated Dallas community, backs to White Rock Creek.
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      61,356 SF

      Stabilized Office Building For Sale

      Stabilized office building with strong tenants and long-term occupancy.
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    • $225,000
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      Light-Filled Corner Unit in Dallas

      Charming 2-bedroom condo with updates and community amenities.
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      Dallas Office Building For Sale

      Office building with 34,520 square feet of space.
      16250 Knoll Trail Dr, Dallas, TX 75248
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    Similar Nearby for Lease

    • Contact for pricing
      1,923 SF

      Retail Space in Power Center

      Retail space available in a high-traffic Dallas power center.
      16731 Coit Rd, Dallas, TX 75248
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space in Far North Dallas

      Repositioned retail space in the heart of Far North Dallas.
      6090 Campbell Rd, Dallas, TX 75248
      View Details
    • Contact for pricing
      1,125 SF

      Retail Space in Power Center

      Retail space available in a high-traffic Dallas power center.
      16623-16641 Coit Rd, Dallas, TX 75248
      View Details
    • Contact for pricing
      140,053 SF

      Dallas Retail Center: Prime Location

      140,053 SF Shopping Center, Dallas, TX
      7989 Belt Line Rd, Dallas, TX 75248
      View Details
    • Contact for pricing
      11,356 SF

      Hillcrest Village Retail Spaces

      Dallas Retail Center: Two Spaces Available
      6959 Arapaho Rd, Dallas, TX 75248
      View Details
    • Contact for pricing
      1,517 SF

      Renovated End Cap Restaurant Space

      Prominent restaurant space in renovated retail center near UTD.
      7517-7651 Campbell Rd, Dallas, TX 75248
      View Details

    Property Visit Statistics

    • Visits by month
      16.1k
    • Visitors by month
      8.7k
    • Avg Time on site
      12 min
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    Dallas, TX 75248-4636
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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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