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

    3508 Greenville Ave Dallas, TX 75206-5637

    • Office buildings
    • 7,400 SF
    • 0.25 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4513925
    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

    • New West Inspection Services Inc / Home Inspector
    • Jay Smith Architect / Architect
    • Mandell Building / Corporate Office
    • Dallas Massage Therapist / Alternative Medicine Practice
    • Bo Mar Oil & Gas Inc / Corporate Office

    Property Details for 3508 Greenville Ave

    Year built
    1957
    Construction
    TILT-UP CONCRETE
    Lot size
    0.25 lot acres
    Property size
    7,400 SF
    Zone code
    Z59
    Property type
    Office buildings
    APN
    238168000000
    APU
    238168000000

    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
    Dallas
    State
    Texas
    Longitude
    -96.7697
    Latitude
    32.8304
    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
    $19,424
    $385,460
    $460,990
    $846,450
    -
    $385,460
    $460,990
    $846,450

    Comparable in this City

    • Value Estimation
      $21,705,000
      408,320 SF

      4849 Greenville Ave

      OFFICE BUILDING • 408,320 SF
      4849 Greenville Ave, Dallas, TX 75206-4130
      View Details
    • Value Estimation
      $2,460,000
      59,508 SF

      4600 Greenville Ave

      OFFICE BUILDING • 59,508 SF
      4600 Greenville Ave, Dallas, TX 75206-5062
      View Details
    • Value Estimation
      $3,170,000
      20,329 SF

      1651 Matilda St

      OFFICE BUILDING • 20,329 SF
      1651 Matilda St, Dallas, TX 75206-8880
      View Details
    • Value Estimation
      $18,260,000
      287,694 SF

      8080 Central Expy

      OFFICE BUILDING • 287,694 SF
      8080 Central Expy, Dallas, TX 75206-1838
      View Details
    • Value Estimation
      $8,175,000
      239,328 SF

      6060 Central Expy

      OFFICE BUILDING • 239,328 SF
      6060 Central Expy, Dallas, TX 75206-5209
      View Details
    • Value Estimation
      $1,755,000
      31,861 SF

      4300 Central Expy

      OFFICE BUILDING • 31,861 SF
      4300 Central Expy, Dallas, TX 75206-6532
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      Prime Retail Space, 3,222 SF, Two-Story
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      Residential lots in prime Dallas location near SMU and Greenville.
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      Modern Corner Townhome in Knox-Henderson

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      Restaurant Business with Apartment For Sale

      Restaurant business with apartment and equipment for sale in Dallas.
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    • New
      $1,499,992
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      Income-Producing Mediterranean Style Dallas Duplex

      Dallas duplex perfect for Airbnb, generating revenue in sought-after area.
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    • New
      $399,000
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      Residential lots in Dallas's newest Intown Community, M Street Village.
      3850 Pony Expy Ct, Dallas, TX 75206
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    Similar Nearby for Lease

    • Contact for pricing
      40,129 SF

      Class A Office Near DART

      Class A office building with DART access and ample amenities.
      5307 East Mockingbird Ln, Dallas, TX 75206
      View Details
    • $25 SF/Yr
      2,750 SF

      Historic Office Building with Character

      Historic office building near Greenville Ave with childcare services.
      1651 Matilda St, Dallas, TX 75206
      View Details
    • Contact for pricing
      2,500 SF

      Prime Dallas Office Space Near SMU

      Class A Office Suites, 75-2,500 sq ft
      6060 Central Expy, Dallas, TX 75206
      View Details
    • Contact for pricing
      4,624 SF

      Urban-Amenitized Campus Office Space

      Modern office space with extensive amenities and convenient location.
      5646 Milton St, Dallas, TX 75206
      View Details
    • $14 SF/Yr
      950 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
    • $3,001 /Mo
      139,305 SF

      Furnished Office Space in Dallas

      Fully-furnished office space with amenities in Dallas, Texas for rent.
      6060 N Central Expy, Dallas, TX 75206
      View Details

    Property Visit Statistics

    • Visits by month
      7.9k
    • Visitors by month
      6.6k
    • Avg Time on site
      7 min
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    3508 Greenville Ave
    Dallas, TX 75206-5637
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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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