Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    6821 Preston Rd Dallas, TX 75205-1135

    • Retail space
    • 6,966 SF
    • 0.36 lot acres
    OFF-MARKET
    Last Sale
    Jul 22, 2024
    Value Estimations
    $545,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-0697889
    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

    • de Boulle Diamond & Jewelry - Patek Philippe Authorized Dealer / Jewelry Store / Jeweler
    • Holland & Holland / Gun Shop
    • WOW! Birds Marketing LLC / Website Designer / Advertising Agency

    Property Details for 6821 Preston Rd

    Year built
    1940
    Construction
    TILT-UP CONCRETE
    Lot size
    0.36 lot acres
    Property size
    6,966 SF
    Zone code
    Z97
    Property type
    Retail space
    APN
    60166500030120000
    APU
    60166500030120000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $520,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $840,000
      Market price range: $326k - $1.03M

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.8046
    Latitude
    32.849
    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
    $65,081
    $1,705,000
    $2,182,350
    $3,887,350
    -
    $1,705,000
    $2,182,350
    $3,887,350

    Comparable in this City

    • Value Estimation
      $580,000
      4,690 SF

      3111 Monticello Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,690 SF
      3111 Monticello Ave, Dallas, TX 75205-3454
      View Details
    • Value Estimation
      $350,000
      1,875 SF

      3205 Knox St

      RETAIL STORES (PERSONAL SERVICES) • 1,875 SF
      3205 Knox St, Dallas, TX 75205-4031
      View Details
    • Value Estimation
      $455,000
      3,752 SF

      3010 Knox St

      RETAIL STORES (PERSONAL SERVICES) • 3,752 SF
      3010 Knox St, Dallas, TX 75205-4028
      View Details
    • Value Estimation
      $475,000
      9,720 SF

      4501 Travis St

      RETAIL STORES (PERSONAL SERVICES) • 9,720 SF
      4501 Travis St, Dallas, TX 75205-4126
      View Details
    • Value Estimation
      $430,000
      2,444 SF

      3404 Rankin St

      RETAIL STORES (PERSONAL SERVICES) • 2,444 SF
      3404 Rankin St, Dallas, TX 75205-1329
      View Details
    • Value Estimation
      $480,000
      4,700 SF

      4516 Mckinney Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,700 SF
      4516 Mckinney Ave, Dallas, TX 75205-4214
      View Details

    Similar Nearby for Sale

    • $2,125,000

      Stately Duplex in University Park

      Duplex with newer HVAC, windows, roof, and hardwood floors.
      4437 University Blvd, Dallas, TX 75205
      View Details
    • $15,000,000
      0.72 Acres

      Highland Park Unimproved Land

      Expansive lot in coveted Highland Park location.
      4700 Lakeside Dr, Dallas, TX 75205
      View Details
    • $2,000,000
      0.16 Acres

      Updated Duplex Near Highland Park

      Updated duplex in University Park, near Highland Park High School.
      4128 Emerson Ave, Dallas, TX 75205
      View Details
    • $8,950,000

      Mckinney Avenue Development Opportunity

      30,000 square feet of land on Mckinney Avenue.
      4400 Mckinney Ave, Dallas, TX 75205
      View Details
    • $2,600,000
      0.19 Acres

      University Park Duplex Near Amenities

      Duplex in prime location near park and Snider Plaza.
      3527 Westminster Ave, Dallas, TX 75205
      View Details
    • Contact for pricing

      Development Site on McKinney Avenue

      Land available for development along McKinney Avenue in Dallas, TX.
      5220 Mckinney Ave, Dallas, TX 75205
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,300 SF

      Restaurant Space Near SMU

      1,300 SF restaurant space available near SMU and Park Cities.
      6501 Hillcrest Ave, Dallas, TX 75205
      View Details
    • Contact for pricing
      1,828 SF

      Retail Space in Hilltop Plaza

      Former nail salon in mixed-use project near SMU campus.
      6565 Hillcrest Ave, Dallas, TX 75205
      View Details
    • Contact for pricing
      3,500 SF

      Retail Endcap on Preston Road

      7,000 SF retail space available for lease on Preston Road.
      6901-6925 Preston Rd, Dallas, TX 75205
      View Details
    • Contact for pricing
      4,000 SF

      Freestanding Building on Knox Street

      Freestanding retail building with high traffic counts available for rent.
      3010 Knox St, Dallas, TX 75205
      View Details
    • Contact for pricing
      1,702 SF

      Prime Retail Space on Knox

      Retail space available in the heart of Knox Street.
      3107-3119 Knox St, Dallas, TX 75205
      View Details
    • Contact for pricing
      2,400 SF

      Retail Space in Snider Plaza

      2,400 sqft retail space in prime Snider Plaza location.
      6701 Snider Plz, Dallas, TX 75205
      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.
    6821 Preston Rd
    Dallas, TX 75205-1135
    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.