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

    8848 Greenville Ave Dallas, TX 75243-7143

    • Office buildings
    • 7,000 SF
    • 0.41 lot acres
    OFF-MARKET
    Value Estimations
    $505,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-0334179
    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

    • Weston Legal, PLLC / Law Firm / Financial Advisor
    • Hutchinson Construction / General Contractor / Construction Company
    • Liberty Demolition / Corporate Office
    • RE/MAX: Linda Marie Johnson / Real Estate Agency

    Property Details for 8848 Greenville Ave

    Year built
    1981
    Construction
    FRAME
    Lot size
    0.41 lot acres
    Property size
    7,000 SF
    Zone code
    Z200
    Property type
    Office buildings
    APN
    0081430F000010000
    APU
    0081430F000010000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $465,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $545,000
      Market price range: $108k - $546k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $355,000
      Current use
      AUTO REPAIR, GARAGE
      $815,000
      Change: +129% Conversion: Difficult
      MEDICAL BUILDING
      $475,000
      Change: +33% Conversion: Easy
      RETAIL STORES
      $355,000
      Change: -1% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $325,000
      Change: -8% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.7505
    Latitude
    32.8975
    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
    $70,297
    $90,370
    $2,809,630
    $2,900,000
    -
    $90,370
    $2,809,630
    $2,900,000

    Comparable in this City

    • Value Estimation by Request
      4,190 SF

      8828 Greenville Ave

      OFFICE BUILDING • 4,190 SF
      8828 Greenville Ave, Dallas, TX 75243-7143
      View Details
    • Value Estimation
      $785,000
      12,070 SF

      9550 Frst Ln

      OFFICE BUILDING • 12,070 SF
      9550 Frst Ln, Dallas, TX 75243-5905
      View Details
    • Value Estimation
      $1,060,000
      51,450 SF

      11615 Frst Central Dr

      OFFICE BUILDING • 51,450 SF
      11615 Frst Central Dr, Dallas, TX 75243-3921
      View Details
    • Value Estimation
      $2,080,000
      124,788 SF

      12160 Abrams Rd

      OFFICE BUILDING • 124,788 SF
      12160 Abrams Rd, Dallas, TX 75243-4547
      View Details
    • Value Estimation by Request
      2,500 SF

      8604 Greenville Ave Ste, Unit 100

      OFFICE BUILDING • 2,500 SF
      8604 Greenville Ave Ste, Dallas, TX 75243-7148
      View Details
    • Value Estimation by Request
      2,999 SF

      8604 Greenville Ave Ste, Unit 103

      OFFICE BUILDING • 2,999 SF
      8604 Greenville Ave Ste, Dallas, TX 75243-7148
      View Details

    Similar Nearby for Sale

    • $1,818,600
      6,062 SF

      Dallas Office Investment Opportunity

      Prime Dallas office space in a high-demand area.
      8604 Greenville Ave, Dallas, TX 75243
      View Details
    • $2,375,000
      0.48 Acres

      Dallas Warehouse with Leased Unit

      Two-unit building with office and warehouse space, one unit leased.
      13550 Vargon St, Dallas, TX 75243
      View Details
    • Contact for pricing
      4.92 Acres

      Prime Dallas County Land

      Exceptional Commercial Land, 4.92 Acres
      0 Nec Lbj Fwy I-635 & Greenville Ave, Balch Springs, TX 75243
      View Details
    • $185,000

      Remodeled Condo with Modern Amenities

      Exquisitely remodeled 2-bedroom, 2-bath condo with high-end finishes.
      12484 Abrams Rd, Dallas, TX 75243
      View Details
    • Contact for pricing
      4,148 SF

      Two-Tenant Convenience Center Fuel Station

      Two-tenant convenience center with fuel station in Northeast Dallas.
      9230 Skillman St, Dallas, TX 75243
      View Details
    • Contact for pricing
      2.84 Acres

      Dallas Commercial Land - 2.84 Acres

      Prime Dallas development site, mixed-use zoning.
      11520 Central Expy, Dallas, TX 75243
      View Details

    Similar Nearby for Lease

    • $9 SF/Yr
      46,347 SF

      Office Building for Sublease

      Office building available for sublease in Dallas, Texas.
      9330 Amberton Pkwy, Dallas, TX 75243
      View Details
    • Contact for pricing
      20,891 SF

      Office Space in Coit Central

      Office space available for lease in Dallas, Texas.
      12001 N Central Expy, Dallas, TX 75243
      View Details
    • $17 SF/Yr
      22,331 SF

      Lake Highlands Office Space Available

      Dallas Executive Suites, Coworking & More
      9330 Lbj Fwy, Dallas, TX 75243
      View Details
    • Contact for pricing
      4,321 SF

      Medical/Office Space For Lease

      High-volume medical/office space with ample parking and patient-friendly access.
      12606 Greenville Ave, Dallas, TX 75243
      View Details
    • Contact for pricing
      134,542 SF

      Dallas Flex Space For Lease

      1,800 SF Flex Space in Dallas
      11857 Judd Ct, Dallas, TX 75243
      View Details
    • Contact for pricing
      3,400 SF

      Retail/Medical Space on Greenville Avenue

      Second generation dentist space with great visibility and access.
      12101 Greenville Ave, Dallas, TX 75243
      View Details
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    8848 Greenville Ave
    Dallas, TX 75243-7143
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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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