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

    5757 Alpha Rd Dallas, TX 75240

    • Office buildings
    • 167,572 SF
    • 3.97 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-9855410
    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

    • Qatalys Inc / Software Company
    • VIPS Dental / Dental Clinic
    • Lab Grown Diamonds Dallas / Diamond Dealer / Jeweler
    • Northwood Towers / Commercial Real Estate Agency / Real Estate Agent
    • Simkin CPA LLC / Accountant

    Property Details for 5757 Alpha Rd

    Year built
    1979
    Construction
    FRAME
    Lot size
    3.97 lot acres
    Property size
    167,572 SF
    Zone code
    Z239
    Property type
    Office buildings
    APN
    731090000000
    APU
    731090000000

    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
    -96.809
    Latitude
    32.9334
    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
    $209,972
    $3,457,800
    $5,692,200
    $9,150,000
    -
    $3,457,800
    $5,692,200
    $9,150,000

    Comparable in this City

    • Value Estimation
      $2,510,000
      85,620 SF

      13800 Montfort Dr

      OFFICE BUILDING • 85,620 SF
      13800 Montfort Dr, Dallas, TX 75240-4348
      View Details
    • Value Estimation
      $1,860,000
      108,740 SF

      5710 Lyndon B Johnson Fwy

      OFFICE BUILDING • 108,740 SF
      5710 Lyndon B Johnson Fwy, Dallas, TX 75240-6324
      View Details
    • Value Estimation by Request
      2,706 SF

      6320 Lyndon B Johnson Fwy, Unit 1

      OFFICE BUILDING • 2,706 SF
      6320 Lyndon B Johnson Fwy, Dallas, TX 75240-6472
      View Details
    • Value Estimation
      $11,510,000
      394,853 SF

      13737 Noel Rd

      OFFICE BUILDING • 394,853 SF
      13737 Noel Rd, Dallas, TX 75240-1331
      View Details
    • Value Estimation
      $14,220,000
      493,925 SF

      13355 Noel Rd

      OFFICE BUILDING • 493,925 SF
      13355 Noel Rd, Dallas, TX 75240-6602
      View Details
    • Value Estimation
      $3,710,000
      140,609 SF

      13601 Preston Rd

      OFFICE BUILDING • 140,609 SF
      13601 Preston Rd, Dallas, TX 75240-4911
      View Details

    Similar Nearby for Sale

    • 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
    • $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
      3,820 SF

      Prime Dallas Car Wash Opportunity

      High-traffic location, excellent income potential.
      5444 Alpha Rd, 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
    • 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

    Similar Nearby for Lease

    • Contact for pricing
      2,297 SF

      Cityview Office Tower For Rent

      Four-story office building near Galleria Dallas with Midtown views.
      5339 Alpha Rd, Dallas, TX 75240
      View Details
    • Contact for pricing
      7,572 SF

      Office Space in Northwood Tower

      Office space available for lease in Dallas, Texas.
      5757 Alpha Rd, Dallas, TX 75240
      View Details
    • Contact for pricing
      9,677 SF

      Freestanding Office Building in Dallas

      9,677 SF single-tenant office building in North Dallas for lease.
      13647 Montfort Dr, Dallas, TX 75240
      View Details
    • $18 SF/Yr
      18,160 SF

      Dallas Medical Office Building

      18,160 SF Medical Office Space Available
      8202 Spring Valley Rd, Dallas, TX 75240
      View Details
    • Contact for pricing
      2,500 SF

      Dallas Galleria Office Suites

      Premium Office Space in Dallas, TX
      13155 Noel Rd, Dallas, TX 75240
      View Details
    • $16 SF/Yr
      128,790 SF

      Midtown Dallas Executive Suites

      Prime Dallas office space, flexible layouts.
      5720 Lbj Fwy, 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.
    5757 Alpha Rd
    Dallas, TX 75240
    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.