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    Versatile Commercial Condo in Carrollton Title is generated by Realmo AI

    2840 Keller Springs Road, Carrollton, TX 75006

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    For Sale
    $625,000

    Office - Carrollton, TX

    Type:Office
    Property size:
    2,340 SF
    Lot size:
    4.18 Acres
    Price / SF:
    $267/SF
    Added:
    Mar 18, 2026
    Days on Market:
    60
    Last Refresh:
    May 16 at 3:06 pm

    Property Features for 2840 Keller Springs Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Parking features
    Parking Lot
    Standard status
    Active
    APN
    14050000110110200
    Size
    2,340 SF
    Lot size
    4.18 Acres

    Utilities

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

    Building Details

    Year built
    2004
    Flooring type
    Carpet
    Building materials
    Aluminum Siding, Brick
    Roof type
    Composition
    Architectural style
    Other

    We can help!

    Listing Contact
    Natalie Soto
    Natalie Soto

    Listing agent Natalie Soto License #0664296

    Listing office VIP Realty 3010 LBJ Fwy, Ste 1200, Dallas, TX

    Listing date Mar 18, 2026

    MLS# 21212417 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.

    HighLights

    • Prime commercial condo in a high‑traffic, highly visible location.
    • Expansive 2,340 SF contiguous space combining Units 1102 & 1103.
    • Well‑designed layout with over 8 private offices, breakroom, and multiple work areas.
    • Flexible layout suited for medical, dental, spa, wellness, or professional offices.
    • Turnkey condition, freshly painted with carpeting throughout and abundant natural light.
    • Ready for immediate occupancy or customization.

    Overview

    This 2,340 SF commercial condominium, combining Units 1102 & 1103, is available for purchase. The space is located in a high-traffic, highly visible area surrounded by shops, dining, and amenities. The layout includes over 8 private offices, making it suitable for various professional uses. The space has been freshly painted and features carpeting throughout, providing a bright atmosphere with natural light. An efficient floor plan includes a dedicated breakroom and multiple work areas. The flexible layout is suited for medical or dental practices, spa or wellness services, or professional offices such as legal, financial, or consulting firms. The property is in turnkey condition and ready for immediate occupancy or customization. The property is located in Carrollton, Texas, in Dallas County. The lot size is 4.182 acres.

    Financial Insights

    Value Estimation Calculated for Healthcare Medical

    Conservative
    $370.7K
    NOI $33,359 @ 9.00% cap · cautious / downside scenario
    Moderate
    $476.6K
    NOI $33,359 @ 7.00% cap · market / base-case scenario
    Aggressive
    $667.2K
    NOI $33,359 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.
         Calculated for Healthcare Medical

    Component $ $/SF
    Gross rent $63.2k $27.00
    − Vacancy −$7.6k −$3.24
    EGI $55.6k $23.76
    − OpEx −$22.2k −$9.50
    NOI $33.4k $14.26
    2,340 SF · lease $27.00/SF/yr · vacancy 12.00% · expense 40.00%

    Alternative Use Scenarios

    Best Use
    Healthcare Medical
    $476.6K
    $417.0K – $556.0K (±1% cap)
    NOI $33,359 @ 7.0% cap · market cap 5.34%
    Second Best
    Office B
    $414.1K
    $362.3K – $483.1K (±1% cap)
    NOI $28,985 @ 7.0% cap · market cap 4.64%
    Theoretical Best
    Specialty Retail
    $575.7K
    $503.7K – $671.7K (±1% cap)
    NOI $40,299 @ 7.0% cap · market cap 6.45%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Endodontic Specialists Dental Office Terralogic Solutions Inc. (Bike/Boat/Book/etc) Store XenWinGo Business Management Consultant Farmers Insurance Insurance Agency USA Consulting Inc Business Management Consultant

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Carrollton
    County
    Denton
    State
    Texas
    Longitude
    -96.857044
    Latitude
    32.969772

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    FAQs

    What type of property is this?
    Office units - 2,340 SF condo ideal for medical, spa, or professional offices.
    Where is this office units located?
    The property is located at 2840 Keller Springs Road Carrollton, TX.
    What is the asking price?
    The asking price for this property is $625,000.
    What are key features of this property?
    This property features: Prime commercial condo in a high‑traffic, highly visible location.; Expansive 2,340 SF contiguous space combining Units 1102 & 1103.; Well‑designed layout with over 8 private offices, breakroom, and multiple work areas.
    (214) 295-4888
    We can help!
    Listing Contact
    Natalie Soto
    Natalie Soto
    Real Estate License ID: 0664296
    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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