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    18101 Preston Rd Dallas, TX 75252-6602
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    Property profile & analytics

    18101 Preston Rd, Dallas, TX 75252-6602

    View on Map
    • Commercial real estate
    • 37,202 SF
    • 4.12 lot acres
    Off-Market
    Property ID
    US82-5323532
    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.
    Value Estimations
    $4,225,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Sheets Hookah Lounge & Cigar Bar / Bar & Pub / (Bike/Boat/Book/etc) Store
    • Stephanie Hein / Physician
    • Orangetheory Fitness / Gym & Fitness Center
    • Dr. Joseph Burkett / Physician
    • Planet U Fitness / Gym & Fitness Center

    Property Details for 18101 Preston Rd

    Year built
    1995
    Lot size
    4.12 lot acres
    Zone code
    PD-222
    Property type
    Commercial real estate
    APN
    R-1733-002-05A1-1
    APU
    R173300205A11

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 9, 2018 — Frankford Square LLC Preston Exchange Property LLC Grant Deed $8.7M · Golden Bk
    Jun 11, 2015 — Preston Exchange Property LLC Lbcmt 2007-c3 Complex 18101 Ll Grant Deed $4.6M · Happy Sts Bk
    May 7, 2013 — Lbcmt 2007-c3 Complex 18101 Ll Nicholson Benjamin K Trustees Deed · related —
    Dec 30, 2011 — Agf Preston II Ltd — Deed Of Trust · related $21.1M · Plains Capital Bank
    Nov 3, 2011 — Agf Preston II Ltd Preston North Land LLC Quit Claim Deed · related —
    — — Frankford Shopping Cen Preston — Deed Of Trust · related $8.8M · Lehman Brothers Bank Fsb

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $4,480,000
      Market price range: $1.54M - $4.48M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $2,845,000
      Current use
      RESTAURANT
      $5,230,000
      Change: +84% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $4,340,000
      Change: +53% Conversion: Difficult
      RETAIL STORES
      $3,895,000
      Change: +37% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $2,630,000
      Change: -8% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Collin
    State
    Texas
    Longitude
    -96.7987
    Latitude
    32.9991
    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
    $223,529
    $3,137,627
    $6,788,146
    $9,925,773
    -
    $3,137,627
    $6,788,146
    $9,925,773

    Comparable in this City

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      $2,815,000
      74,103 SF

      17613 Coit Rd

      COMMERCIAL (GENERAL)
      17613 Coit Rd, Dallas, TX 75252-6405
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    • Value Estimation
      $565,000
      3,539 SF

      18120 Coit Rd

      COMMERCIAL (GENERAL)
      18120 Coit Rd, Dallas, TX 75252-6412
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    • Value Estimation
      $1,575,000
      12,432 SF

      19059 Preston Rd

      COMMERCIAL (GENERAL)
      19059 Preston Rd, Dallas, TX 75252-2444
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    • Value Estimation
      $520,000
      4,829 SF

      17879 Preston Rd

      COMMERCIAL (GENERAL)
      17879 Preston Rd, Dallas, TX 75252-5737
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    • Value Estimation
      $1,055,000
      30,000 SF

      17817 Davenport Rd

      COMMERCIAL (GENERAL)
      17817 Davenport Rd, Dallas, TX 75252-5871
      View Details
    • Value Estimation by Request
      3,787 SF

      6432 Mapleshade Ln

      COMMERCIAL (GENERAL)
      6432 Mapleshade Ln, Dallas, TX 75252-2431
      View Details

    Similar Nearby for Sale

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      Office building in Quorum/Bent Tree submarket available for purchase.
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      Established Car Wash Investment Opportunity

      Profitable car wash in thriving Dallas location with redevelopment potential.
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      1,740 SF

      Dallas Retail NNN Investment Opportunity

      Fee simple absolute NNN lease with corporate tenant in Dallas.
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      6,631 SF

      Renovated Office Space For Lease

      Office space available in Dallas, Texas with recent renovations.
      17210 Campbell Rd, Dallas, TX 75252
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    • $1,300,000
      0.84 Acres

      Turnkey Self-Service Car Wash

      Family-owned self-service car wash offers proven operating history and strong visibility from major Dallas thoroughfares.
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    Similar Nearby for Lease

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      Office Space with Gated Parking

      Office space with ample parking in a gated, fenced property.
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      Flexible Office Space Available

      Executive suites for rent in a convenient Dallas location.
      17330 Preston Rd, Dallas, TX 75252
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      1,521 SF

      Retail Space in Preston Trail

      Retail space available in a 90,000 SF shopping center.
      17370 Preston Rd, Addison, TX 75252
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      Flexible Suites For Lease

      Commercial building with flexible suites suitable for office/showroom/warehouse users.
      17811 Davenport Rd, Dallas, TX 75252
      View Details
    • Contact for pricing

      Office Space For Rent

      Office spaces available, ranging from 150 to 4,000 SqFt.
      17776 Preston Rd, Dallas, TX 75252
      View Details
    • Contact for pricing
      1,500 SF

      Preston Road Office and Retail

      Office and retail spaces available on Preston Road in Dallas.
      17290 Preston Rd, Dallas, TX 75252
      View Details

    Property Visit Statistics

    • Visits by month
      2.9k
    • Visitors by month
      2.7k
    • Avg Time on site
      23 min
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    Dallas, TX 75252-6602
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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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