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    1811 Greenville Ave Dallas, TX 75206-0100
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    Property profile & analytics

    1811 Greenville Ave, Dallas, TX 75206-0100

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    • Apartment buildings
    • 119,721 SF
    • 3.15 lot acres
    Off-Market
    Property ID
    US82-0743176
    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
    $4,765,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Alex Gonzalez Hair Studio / Hair Salon
    • Hair By Nicole Sanchez / Hair Salon / Nail Salon
    • Starfire Healing / Alternative Medicine Practice / Spa & Massage Center
    • Blinq Esthetics, LLC / Hair Salon / Nail Salon
    • Healthy Hair Couture / Hair Salon / Nail Salon

    Property Details for 1811 Greenville Ave

    Year built
    2005
    Construction
    FRAME
    Lot size
    3.15 lot acres
    Zone code
    Z239
    Property type
    Apartment buildings
    APN
    00C09900000000001
    APU
    00C09900000000001

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 29, 2016 — Greenway-greenville Ptrs LP — Deed · related $2M · Wells Fargo Bk
    Nov 5, 2015 — Egw Greenville Investment LP Wrpv Xi Vue Gv Dallas LP Grant Deed $14.6M · Pnc Bk
    Nov 22, 2011 — Wrpv Xi Vue Gv Dallas LP Lrrp Greenville LLC Grant Deed $9.3M · Cwcapital LLC
    Mar 25, 2009 — Lrrp Greenville LLC Long Ridge Residl Portfolio L Grant Deed $6.1M · Cbre Melody & Co

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $7,415,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $7,710,000
      Change: +4% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.7713
    Latitude
    32.8127
    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
    $559,927
    $6,093,920
    $18,306,080
    $24,400,000
    -
    $6,093,920
    $18,306,080
    $24,400,000

    Comparable in this City

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      18,874 SF

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      269,704 SF

      6060 Vlg Bnd Dr

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      221,470 SF

      6041 Vlg Bnd Dr

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      6041 Vlg Bnd Dr, Dallas, TX 75206-3600
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    • Value Estimation
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      379,935 SF

      8603 Southwestern Blvd

      APARTMENT HOUSE (5+ UNITS)
      8603 Southwestern Blvd, Dallas, TX 75206-2605
      View Details
    • Value Estimation
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      302,553 SF

      8749 Southwestern Blvd

      APARTMENT HOUSE (5+ UNITS)
      8749 Southwestern Blvd, Dallas, TX 75206-2702
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    • Value Estimation
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      20,930 SF

      5421 Bryan St

      APARTMENT HOUSE (5+ UNITS)
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      Renovated Multifamily Community in Dallas

      36-unit multifamily property in East Dallas, fully renovated in 2018.
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    • New
      $775,000
      0.18 Acres

      Duplex With Two 2BR Units

      Spacious duplex with two 2-bedroom, 1-bath homes, original hardwood character, and natural light—well suited for income-focused buyers.
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    • $2,150,000
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      Four-Unit Condominium Building

      New four-unit residential build with attached two-car garages, rooftop terraces, and fenced yards for flexible ownership strategies.
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      6,025 SF

      Mediterranean Duplex Income Property

      Well-appointed duplex with multiple living spaces and balconies, currently operated as a furnished short-term rental for strong income potential.
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    Similar Nearby for Lease

    • $3,001 /Mo
      139,305 SF

      Fully Furnished Private Office Space

      Move-in ready private offices with receptionist, utilities, janitorial, and shared conference room access.
      6060 N Central Expy, Dallas, TX 75206
      View Details
    • Contact for pricing
      3,700 SF

      Retail/Restaurant Space on Greenville Avenue

      Retail or restaurant space in Dallas's vibrant Lowest Greenville.
      1928 Greenville Ave, Dallas, TX 75206
      View Details
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      4,285 SF

      Henderson Avenue Retail Space Available

      Prime retail spaces on Henderson Avenue, Dallas.
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      3,500 SF

      Retail Space on Greenville Avenue

      In-line retail space available for rent in Dallas, TX.
      5500 Greenville Ave, Dallas, TX 75206
      View Details
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      1,073 SF

      Office Space on Central Expressway

      Office space for lease with prominent visibility and modern amenities.
      4300 N Central Expy, Dallas, TX 75206
      View Details
    • Contact for pricing
      1,035 SF

      Retail Space on Henderson Avenue

      Retail space available in Dallas' pedestrian-friendly Henderson Avenue district.
      2323 N Henderson Ave, Dallas, TX 75206
      View Details

    Property Visit Statistics

    • Visits by month
      12.6k
    • Visitors by month
      6.8k
    • Avg Time on site
      31 min
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    Dallas, TX 75206-0100
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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.

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    1811 Greenville Ave, Dallas, TX, 75206
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