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

    5203 Alpha Rd Dallas, TX 75240-1126

    • Super regional malls
    • 63,165 SF
    • 7.49 lot acres
    OFF-MARKET
    Value Estimations
    $2,280,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4968084
    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

    • Renee' Esthetics LLC / Waxing Hair Removal Service
    • Armentablends Barber / Barber Shop
    • Onyx Nail Bar Galleria / Beautician / Beauty Salon
    • Nicole Merritt Hair / Hair Salon
    • Urban Medical Aesthetics / Medical Spa

    Property Details for 5203 Alpha Rd

    Year built
    1999
    Construction
    TILT-UP CONCRETE
    Lot size
    7.49 lot acres
    Property size
    63,165 SF
    Property type
    Super regional malls
    APN
    00C485000000RET00
    APU
    00C485000000RET00

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $2,660,000
      Current use
      RETAIL STORES
      $3,715,000
      Change: +40% Conversion: Easy
      WAREHOUSE, STORAGE
      $2,510,000
      Change: -6% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $2,500,000
      Change: -6% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.8221
    Latitude
    32.933
    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
    $562,221
    $5,710,090
    $18,789,910
    $24,500,000
    -
    $5,710,090
    $18,789,910
    $24,500,000

    Comparable in this City

    • Value Estimation
      $13,660,000
      461,304 SF

      13350 Dallas Pkwy

      REGIONAL SHOPPING CENTER, MALL • 461,304 SF
      13350 Dallas Pkwy, Dallas, TX 75240-6670
      View Details
    • Value Estimation
      $9,545,000
      691,366 SF

      13131 Preston Rd

      REGIONAL SHOPPING CENTER, MALL • 691,366 SF
      13131 Preston Rd, Dallas, TX 75240-5203
      View Details
    • Value Estimation
      $3,955,000
      118,522 SF

      13710 Dallas Pkwy

      REGIONAL SHOPPING CENTER, MALL • 118,522 SF
      13710 Dallas Pkwy, Dallas, TX 75240-4343
      View Details
    • Value Estimation
      $1,750,000
      36,154 SF

      13330 Preston Rd

      REGIONAL SHOPPING CENTER, MALL • 36,154 SF
      13330 Preston Rd, Dallas, TX 75240-5208
      View Details
    • Value Estimation by Request
      17,087 SF

      13021 Coit Rd

      SHOPPING CENTER, STRIP CENTER • 17,087 SF
      13021 Coit Rd, Dallas, TX 75240-5789
      View Details
    • Value Estimation
      $1,130,000
      43,430 SF

      14060 Dallas Pkwy

      SHOPPING CENTER, STRIP CENTER • 43,430 SF
      14060 Dallas Pkwy, Dallas, TX 75240-4349
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,820 SF

      Prime Dallas Car Wash Opportunity

      High-traffic location, excellent income potential.
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      Updated Condo in Gated Community

      Updated 3-bed, 2.5-bath condo in North Dallas, move-in ready.
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      Hard Corner Pad Site Available

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      9,677 SF

      Prime Dallas Executive Office Building

      9,677 SF Vacant Office Space - For Sale
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      Prime Land in Galleria Area

      1.23 AC land with access to major thoroughfares.
      5840 Alpha Rd, Dallas, TX 75240
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      Renovated Property with Modern Finishes

      Renovated property featuring modern kitchen, updated bathroom, and neutral palette.
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    Similar Nearby for Lease

    • $25 SF/Yr
      1,534 SF

      Retail Space Near Dallas Midtown

      1,534 SF end cap anchored by Target.
      5631 Lyndon B Johnson Fwy, Dallas, TX 75240
      View Details
    • Contact for pricing
      2,316 SF

      Retail Space Near Galleria Mall

      Retail space available across from Galleria Mall in Dallas.
      13710-13838 Dallas Pkwy, Dallas, TX 75240
      View Details
    • Contact for pricing
      6,710 SF

      Retail Space Near Dallas Midtown

      Retail space in neighborhood shopping center with frontage on Preston Rd.
      13370-13394 Preston Rd, Dallas, TX 75240
      View Details
    • Contact for pricing
      1,872 SF

      Freestanding Retail Space Available

      9,802 SF freestanding retail space, anchored by 99 Cents Only & ALDI.
      13536 Preston Rd, Dallas, TX 75240
      View Details
    • Contact for pricing
      12,515 SF

      Retail Space Near Galleria

      Retail space in mixed-use development, centrally located in North Dallas.
      5225 Alpha Rd, Dallas, TX 75240
      View Details
    • Contact for pricing
      4,108 SF

      Retail Building Near Major Thoroughfares

      4,108 SF building ideal for daycare, office, or church.
      13408 Kit Ln, Dallas, TX 75240
      View Details
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    5203 Alpha Rd
    Dallas, TX 75240-1126
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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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