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Property profile & analytics
FOR LEASE
Commercial real estate
19009 Preston Rd Dallas, TX 75252
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US82-0634577
For Lease
1 / 2
$24 SF/Yr
19009 Preston Rd, Dallas, TX 75252
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1994
Total area
53,620 SF
Lot
4.25 ac (185,304 SF)
APN
R-2995-018-0580-1
UPID
US82-0634577
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
-
La Lavandou Restaurant
-
Time for Me Massage Spa & Massage Center
-
Bounce Back Cafe Cafe & Coffee Shop
-
Lizard's Ink Tattoo and Piercing Tattoo & Piercing Shop
-
Vetsavers Pet Hospital Veterinary Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.55M
Blend (final)
Blend
$5.37M
Owner & transaction history
Preston Lloyd Baceline LLC · 4 yrs held
Preston Lloyd Baceline LLC
since 2021
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$7.5M
+83.9%
Auto repair, garage
$6.3M
+52.5%
Retail stores
$5.6M
+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)
$4,100,000
Current use
RESTAURANT
$7,540,000
Change: +84% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,255,000
Change: +53% · Conversion: Difficult
RETAIL STORES
$5,610,000
Change: +37% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$3,790,000
Change: -8% · Conversion: Difficult
MEDICAL BUILDING
$3,640,000
Change: -11% · Conversion: Easy
Blend value · Realmo final
$5.37M
Range $4.83M – $5.90M · ±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
$100 / 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
$208,680
Tax year 2022
Assessed value
$9,500,000
Assessed 2023
Previous assessed
$9,319,338
+1.9% YoY
Effective rate
2.20%
On assessed value
Assessed land
$3,335,472
Assessed improvement
$6,164,528
Land market value
$3,335,472
Improvement market value
$6,164,528
Total market value
$9,500,000
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
For Lease
Year built
1994
Heating
NONE
Stories
1
Total area
53,620 SF
Lot
4.25 ac (185,304 SF)
APN
R-2995-018-0580-1
UPID
US82-0634577
Jurisdiction
COLLIN
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$4.1M
RESTAURANT
Est. value
$7.5M
AUTO REPAIR, GARAGE
Est. value
$6.3M
RETAIL STORES
Est. value
$5.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.8M
MEDICAL BUILDING
Est. value
$3.6M
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
1994
Heating
NONE
Stories
1
Lot
4.25 ac
Current owner
From public records · entity-resolved
Preston Lloyd Baceline LLC
Entity
Mailing address
511 N BROADWAY, DENVER, CO 80203-3405
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2021
—
Preston Lloyd Baceline LLC
Preston Lloyd Shopping Ctr Dallas T
Intrafamily Transfer
related
—
Mar 17, 2020
—
Jenova Realty LLC
One-ten Capital Texas INC
Warranty Deed
related
—
Nov 23, 2011
—
Preston Lloyd Shopping Center
Preston Shopping Center Dallas
Quit Claim Deed
related
$6,500,000 · Ubs Real Estate Securities INC
Oct 26, 2001
—
Preston Shopping Center Dallas
Scherer,adolph
Grant Deed
$7,700,000 · Lehman Brothers Bank Fsb
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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