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    16980 Dallas Pkwy Dallas, TX 75248

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    For Sale
    Contact for pricing

    Stabilized office building with strong tenants and long-term occupancy.

    Property size:
    61,356 SF
    Lot size:
    2.01 Acres

    Property Features for 16980 Dallas Pkwy

    General Information

    Size
    61,356 SF
    Lot size
    2.01 Acres

    Source: Avison Young | Dallas Agent Michael Carmichael

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Stabilized Office Building For Sale

    The property at 16980 N. Dallas Parkway is a stabilized office building offering an occupancy rate of 93.4%. It features five tenants with strong credit profiles and lease expirations extending to 2026. The seller's corporate headquarters has occupied 35% of the property since 2009 and could remain as a tenant under a newly negotiated lease with the new owner. The on-site ownership has maintained the asset and fostered relationships with the building tenants, as evidenced by the stability and longevity of their occupancy. Four of the five tenants, including the owner, have been in place for over 10 years. The property's size and the small number of tenants, averaging just over 11,000 rentable square feet, may allow an investor to self-manage the asset.
    Insight Report Location Intelligence

    Current Use by Public Records

    Dallas Cardiology Associates Heart Hospital Salience TMS Neuro ... Psychiatrist Miki Johnston Social Worker Bell Group Insurance Insurance Agency Theologes Theodore T Nursing Agency

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Collin
    State
    Texas
    Longitude
    -96.826589
    Latitude
    32.978868

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    FAQs

    What type of property is this?
    Office building - Stabilized office building with strong tenants and long-term occupancy.
    Where is this office building located?
    The property is located at 16980 Dallas Pkwy Dallas, TX.
    What are key features of this property?
    This property features: - 93.4% stabilized occupancy with strong credit tenants.; - No lease expirations until 2026.; - Opportunity to retain Seller's corporate HQ as a tenant with a newly negotiated lease.
    (972) 421-3306
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    Realmo Value Estimation

    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.

    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.

    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
    16980 Dallas Pkwy Dallas, TX 75248
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