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    2308 Michigan Court Dalworthington Gardens, TX 76016

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    Claim this Listing
    For Sale
    $650,000

    Office - Dalworthington Gardens, TX

    Type:Office
    Lot size:
    0.24 Acres
    Added:
    Mar 16, 2026
    Days on Market:
    26
    Last Refresh:
    Apr 10 at 4:06 pm

    Property Features for 2308 Michigan Court

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Parking features
    Parking Lot, Paved or Surfaced
    Standard status
    Active
    APN
    07839685
    Lot size
    0.24 Acres

    Utilities

    Heating system
    Electric (Heating)
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    2001
    Flooring type
    Carpet, Hardwood, Tile
    Building materials
    Brick
    Roof type
    Composition
    Architectural style
    Other

    We can help!

    Listing Contact
    Gail Burdine
    Gail Burdine

    Listing agent Gail Burdine License #0614435

    Listing office ARC Realty DFW 2317 Roosevelt Dr, Suite A, Arlington, TX

    Listing date Mar 16, 2026

    MLS# 21200931 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Well-Maintained Office Building in DWG

    Located on a quiet street in Dalworthington Gardens, Texas, this well-maintained office building offers a professional setting conveniently close to major commercial corridors, restaurants, and retail. The property is in excellent condition and features an attractive mix of hardwood flooring and carpet. The flexible layout includes five private office spaces and two conference areas. A full kitchen provides added convenience for staff and clients. A laundry room and one full bathroom upstairs, along with a half bathroom downstairs, and abundant storage areas add functionality. Nine parking spaces convey with the building ownership, with one being shared ownership. The lot size is 0.239 acres. Perfect for a professional firm, boutique business, or owner or user looking for a move-in ready workspace, this property combines quiet surroundings, quality finishes, and a convenient location near the heart of the area’s commercial activity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Map

    City
    Dalworthington Gardens
    County
    Tarrant
    State
    Texas
    Longitude
    -97.1868
    Latitude
    32.6878

    Nearby Similar for Sale

    • $185,000

      Dalworthington Gardens Office For Sale

      Office space with lobby, kitchenette, and bathroom in Texas.
      2313 Roosevelt Drive, Dalworthington Gardens, TX 76016
      View Details
    • $450,000

      Dalworthington Gardens Duplex For Sale

      Investor-friendly duplex with vacant unit, house hack opportunity!
      2200 Seville Court, Dalworthington Gardens, TX 76013
      View Details

    FAQs

    What type of property is this?
    Office building - Professional office building in a convenient location with quality finishes.
    Where is this office building located?
    The property is located at 2308 Michigan Court Dalworthington Gardens, TX.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: Move‑in ready office building in a desirable location close to commercial areas.; Flexible layout with five private offices and two conference areas.; Nine dedicated parking spaces.
    (817) 609-4115
    We can help!
    Listing Contact
    Gail Burdine
    Gail Burdine
    Real Estate License ID: 0614435
    Learn More
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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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