Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5609 Alpha Rd Dallas, TX 75240-4501

    • Strip malls
    • 6,035 SF
    • 0.42 lot acres
    OFF-MARKET
    Value Estimations
    $340,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3675741
    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

    • Texas Taco Company / Mexican Restaurant
    • Western Union / Money Transfer Service
    • ATM (ATM Link, Inc.) / Atm

    Property Details for 5609 Alpha Rd

    Year built
    1970
    Construction
    TILT-UP CONCRETE
    Lot size
    0.42 lot acres
    Property size
    6,035 SF
    Zone code
    Z239
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    663009000000
    APU
    663009000000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $340,000

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $255,000
      Current use
      MEDICAL BUILDING
      $410,000
      Change: +61% Conversion: Difficult
      RETAIL STORES
      $355,000
      Change: +40% Conversion: Easy
      WAREHOUSE, STORAGE
      $240,000
      Change: -6% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $240,000
      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
    -96.8109
    Latitude
    32.9332
    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
    $14,126
    $364,580
    $250,990
    $615,570
    -
    $364,580
    $250,990
    $615,570

    Comparable in this City

    • Value Estimation
      $495,000
      5,838 SF

      5549 Lyndon B Johnson Fwy

      SHOPPING CENTER, STRIP CENTER • 5,838 SF
      5549 Lyndon B Johnson Fwy, Dallas, TX 75240-6208
      View Details
    • Value Estimation
      $600,000
      12,400 SF

      13536 Preston Rd

      SHOPPING CENTER, STRIP CENTER • 12,400 SF
      13536 Preston Rd, Dallas, TX 75240-5247
      View Details
    • Value Estimation
      $330,000
      6,200 SF

      14019 Coit Rd, Unit REV

      SHOPPING CENTER, STRIP CENTER • 6,200 SF
      14019 Coit Rd, Dallas, TX 75240-3705
      View Details
    • Value Estimation
      $615,000
      7,975 SF

      5623 Alpha Rd

      SHOPPING CENTER, STRIP CENTER • 7,975 SF
      5623 Alpha Rd, Dallas, TX 75240-4501
      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 by Request
      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.
      5444 Alpha Rd, Dallas, TX 75240
      View Details
    • $269,900

      Updated Condo in Gated Community

      Updated 3-bed, 2.5-bath condo in North Dallas, move-in ready.
      13336 Patito Pl, Dallas, TX 75240
      View Details
    • Contact for pricing

      Hard Corner Pad Site Available

      Land for ground lease with high visibility and easy access.
      13958 Dallas Pkwy, Dallas, TX 75240
      View Details
    • Contact for pricing
      9,677 SF

      Prime Dallas Executive Office Building

      9,677 SF Vacant Office Space - For Sale
      13647 Montfort Dr, Dallas, TX 75240
      View Details
    • Contact for pricing

      Prime Land in Galleria Area

      1.23 AC land with access to major thoroughfares.
      5840 Alpha Rd, Dallas, TX 75240
      View Details
    • Contact for pricing

      Prime Land Near Galleria Mall

      1.12 acres suitable for office development near Galleria Mall.
      13621 Montfort Dr, Dallas, TX 75240
      View Details

    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
      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
      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
      2,216 SF

      Retail Space in Dallas, TX

      Retail space anchored by 99 Cents Only & ALDI.
      13534 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
      4,809 SF

      Retail Space at Alpha & Montfort

      Retail space available at a prominent corner location.
      13519-13549 Montfort Dr, Dallas, TX 75240
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5609 Alpha Rd
    Dallas, TX 75240-4501
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.