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    5111 Greenville Ave Dallas, TX 75206
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    Property profile & analytics

    5111 Greenville Ave Dallas, TX 75206

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    • Strip malls
    • 20,092 SF
    • 3.50 lot acres
    For Lease
    $1,030,000
    View Listing →
    Retail Space on Greenville Avenue For Lease
    $1,030,000
    4,500 SF

    Retail Space on Greenville Avenue

    Retail space available for lease on Greenville Avenue.

    5111 Greenville Ave, Dallas, TX
    View Listing
    Property ID
    US82-2760298
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Beautique Nail Lounge / Nail Salon
    • Lynxx International / Travel Agency
    • ArmsOfHope Drop Box Only / Charitable Organization
    • CVS Pharmacy / Pharmacy
    • Office Depot / (Bike/Boat/Book/etc) Store

    Property Details for 5111 Greenville Ave

    Year built
    1997
    Construction
    TILT-UP CONCRETE
    Lot size
    3.50 lot acres
    Property size
    20,092 SF
    Zone code
    Z151
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    366439000000
    APU
    366439000000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,295,000
      Current use
      MEDICAL BUILDING
      $1,365,000
      Change: +5% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $1,245,000
      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
    -96.7707
    Latitude
    32.8496
    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
    $160,925
    $4,402,700
    $2,609,960
    $7,012,660
    -
    $4,402,700
    $2,609,960
    $7,012,660

    Comparable in this City

    • Value Estimation
      $775,000
      17,831 SF

      1811 Greenville Ave, Unit 1

      SHOPPING CENTER, STRIP CENTER • 17,831 SF
      1811 Greenville Ave, Dallas, TX 75206-0100
      View Details
    • Value Estimation
      $745,000
      15,680 SF

      2008 Greenville Ave

      SHOPPING CENTER, STRIP CENTER • 15,680 SF
      2008 Greenville Ave, Dallas, TX 75206-7124
      View Details
    • Value Estimation
      $550,000
      12,665 SF

      2100 Greenville Ave

      SHOPPING CENTER, STRIP CENTER • 12,665 SF
      2100 Greenville Ave, Dallas, TX 75206-7126
      View Details
    • Value Estimation
      $580,000
      13,542 SF

      1931 Greenville Ave

      SHOPPING CENTER, STRIP CENTER • 13,542 SF
      1931 Greenville Ave, Dallas, TX 75206-7438
      View Details
    • Value Estimation
      $690,000
      13,500 SF

      1919 Greenville Ave

      SHOPPING CENTER, STRIP CENTER • 13,500 SF
      1919 Greenville Ave, Dallas, TX 75206-7438
      View Details
    • Value Estimation
      $550,000
      7,414 SF

      5800 Greenville Ave

      SHOPPING CENTER, STRIP CENTER • 7,414 SF
      5800 Greenville Ave, Dallas, TX 75206-2917
      View Details

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      Retail space with high visibility in a vibrant area.
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      Restaurant Business with Apartment For Sale

      Restaurant business with apartment and equipment for sale in Dallas.
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      3,222 SF

      Retail Space on Bryan Street

      3,222 SF retail space available for sale.
      4908 Bryan St, Dallas, TX 75206
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      2,600 SF

      Retail Space on Henderson Avenue

      2,600 SF retail space available for sale.
      1718 N Henderson Ave, Dallas, TX 75206
      View Details
    • $439,000
      0.14 Acres

      Residential Lots in Prime Dallas

      Residential lots in a prime Dallas location near SMU.
      5470 Ellsworth Ave, Dallas, TX 75206
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    Similar Nearby for Lease

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      1,320 SF

      Retail Space Near I-75

      1,320 SF retail space near I-75 and Lovers Lane.
      5135-5323 Greenville Ave, Dallas, TX 75206
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      1,400 SF

      Retail Space in Dallas Center

      Retail space available in Fiesta-anchored shopping center near Downtown Dallas.
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      1,195 SF

      Remodeled Retail Space on Ross

      Renovated retail space in gentrifying Dallas corridor with ample parking.
      4901-4909 Ross Ave, Dallas, TX 75206
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      1,200 SF

      Retail Space in Greenville Avenue

      Starbucks-anchored retail center in a prime Dallas location.
      6101-6123 Greenville Ave, Dallas, TX 75206
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      2,827 SF

      Retail and Restaurant Space Available

      Retail and restaurant spaces for lease in Lakewood district.
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    • Contact for pricing
      6,151 SF

      Vibrant Retail Space in Dallas

      Premier shopping, dining, and entertainment in thriving midtown Dallas.
      5319 E Mockingbird Ln, Dallas, TX 75206
      View Details
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    Dallas, TX 75206
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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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