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Property profile & analytics
OFF-MARKET
Estimated value
$8,735,000
Commercial real estate
17370 Preston Rd Dallas, TX 75252-5998
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US82-2894243
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1982
Total area
89,511 SF
Lot
8.61 ac (375,269 SF)
Zoning code
RT
APN
R-0650-010-0020-1
UPID
US82-2894243
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Premium Title Lending Loan Service
-
Corporate Aircraft Catering Take-out & Catering Catering Service
-
Cafe de France Restaurant
-
Art & Frame Outlet (Bike/Boat/Book/etc) Store Home Decor Store
-
ATM (Comerica Bank) Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.18M
Blend (final)
Blend
$8.74M
Owner & transaction history
Hopkins Preston Trail Plaza LP · 12 yrs held
Hopkins Preston Trail Plaza LP
since 2014
3 recorded transactions
Zoning & alternative use
RT · Dallas, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$12.6M
+83.9%
Auto repair, garage
$10.4M
+52.5%
Retail stores
$9.4M
+36.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Dallas submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Dallas submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$6,845,000
Current use
RESTAURANT
$12,585,000
Change: +84% · Conversion: Difficult
AUTO REPAIR, GARAGE
$10,440,000
Change: +53% · Conversion: Difficult
RETAIL STORES
$9,365,000
Change: +37% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$6,330,000
Change: -8% · Conversion: Difficult
MEDICAL BUILDING
$6,070,000
Change: -11% · Conversion: Easy
Blend value · Realmo final
$8.74M
Range $7.86M – $9.61M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$98 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$289,115
Tax year 2022
Assessed value
$15,000,000
Assessed 2023
Previous assessed
$15,000,000
+0.0% YoY
Effective rate
1.93%
On assessed value
Assessed land
$6,567,208
Assessed improvement
$8,432,792
Land market value
$6,567,208
Improvement market value
$8,432,792
Total market value
$15,000,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1982
Heating
NONE
Stories
1
Units
5
Total area
89,511 SF
Lot
8.61 ac (375,269 SF)
Zoning code
RT
APN
R-0650-010-0020-1
UPID
US82-2894243
Jurisdiction
COLLIN
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
RT · Dallas, TX
Zoning RT · permitted uses
RT · Dallas, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Dallas. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$6.8M
RESTAURANT
Est. value
$12.6M
AUTO REPAIR, GARAGE
Est. value
$10.4M
RETAIL STORES
Est. value
$9.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.3M
MEDICAL BUILDING
Est. value
$6.1M
COMMERCIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1982
Heating
NONE
Stories
1
Units
5
Lot
8.61 ac
Current owner
From public records · entity-resolved
Hopkins Preston Trail Plaza LP
Entity
Mailing address
7995 LYNDON B JOHNSON FWY STE #250, DALLAS, TX 75251-1249
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 1, 2024
—
Hopkins Preston Trail Plaza LP
—
Deed
related
$6,350,000 · Standard Insurance Co
Apr 24, 2014
—
Hopkins Preston Trail Plaza LP
Preston Trail Plaza Ltd
Quit Claim Deed
related
$7,050,000 · Morgan Stanley Mtg Cap Holding
—
—
Preston Trail Plaza Ltd
—
Deed Of Trust
related
$6,500,000 · Meridian Bank Tx
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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