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

    17602 Preston Rd Dallas, TX 75252-5734

    • Commercial real estate
    • 3,383 SF
    • 0.99 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3705944
    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

    • NELSON'S Seafood, Steaks and Cocktails / Restaurant

    Property Details for 17602 Preston Rd

    Year built
    1995
    Lot size
    0.99 lot acres
    Property size
    3,383 SF
    Zone code
    RT
    Property type
    Commercial real estate
    APN
    R-0400-000-001A-1
    APU
    R0400000001A1

    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
    Collin
    State
    Texas
    Longitude
    -96.8003
    Latitude
    32.9915
    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
    2022
    $28,947
    $1,079,199
    $301,163
    $1,380,362
    -
    $1,079,199
    $301,163
    $1,380,362

    Comparable in this City

    • Value Estimation by Request
      0.16 Acres

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      $1,310,000
      10,430 SF

      7990 President George Bush Tpke

      COMMERCIAL (GENERAL) • 10,430 SF
      7990 President George Bush Tpke, Dallas, TX 75252-6826
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    • Value Estimation
      $12,645,000
      114,328 SF

      8900 President George Bush Tpke

      COMMERCIAL (GENERAL) • 114,328 SF
      8900 President George Bush Tpke, Dallas, TX 75252-6891
      View Details
    • Value Estimation
      $4,225,000
      37,202 SF

      18101 Preston Rd

      COMMERCIAL (GENERAL) • 37,202 SF
      18101 Preston Rd, Dallas, TX 75252-6602
      View Details
    • Value Estimation
      $3,250,000
      134,791 SF

      19210 Preston Rd

      COMMERCIAL (GENERAL) • 134,791 SF
      19210 Preston Rd, Dallas, TX 75252-8581
      View Details
    • Value Estimation
      $2,430,000
      92,893 SF

      18224 Preston Rd

      COMMERCIAL (GENERAL) • 92,893 SF
      18224 Preston Rd, Dallas, TX 75252-5412
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      15,400 SF

      Plano Retail Redevelopment Opportunity

      High-traffic Dallas location, 15,400 SF, two buildings.
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    • $282,600
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      Dallas Land Backing to Creek

      Rare lot in North Dallas backing to creek and trees.
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      Office Building For Sale

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      Turnkey Restaurant in Prime Location

      Fully equipped restaurant ready for immediate operation in Dallas, TX.
      18101 Preston Rd, Dallas, TX 75252
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    • $439,000
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      Updated Townhouse in North Dallas

      Spacious 4-bedroom townhouse with updated features and convenient location.
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      15,400 SF

      High-Traffic Location Automotive Property

      Two buildings with high visibility and many potential uses.
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    Similar Nearby for Lease

    • $24 SF/Yr
      1,555 SF

      Retail Space on Preston Road

      High-visibility retail space in a dense, growing commercial area.
      19009 Preston Rd, Dallas, TX 75252
      View Details
    • Contact for pricing
      93,000 SF

      Retail Space in Affluent Dallas

      Open-air retail center in prime Dallas location for lease.
      18224 Preston Rd, Dallas, TX 75252
      View Details
    • $18 SF/Yr
      29,969 SF

      Preston Road Office and Retail

      Office and retail suites available on Preston Road in Dallas.
      17290 Preston Rd, Dallas, TX 75252
      View Details
    • Contact for pricing
      42,000 SF

      Dallas Retail Center Space Available

      High-traffic retail space in Richardson, TX
      401 President Bush Fwy, Dallas, TX 75252
      View Details
    • Contact for pricing
      30,446 SF

      Preston & Mapleshade Plaza Retail

      Dallas Retail Plaza: 5,700 SF Available
      0 Preston Rd, Dallas, TX 75252
      View Details
    • Contact for pricing
      1,446 SF

      Retail Space in Affluent Dallas

      Retail space in a high-traffic, open-air shopping center.
      18208 Preston Rd, Dallas, TX 75252
      View Details

    Property Visit Statistics

    • Visits by month
      2.3k
    • Visitors by month
      1.7k
    • Avg Time on site
      12 min
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    17602 Preston Rd
    Dallas, TX 75252-5734
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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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