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    12225 Greenville Ave, Dallas, TX 75243

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    Value-add office investment in North Dallas with retail space.

    Type:Office
    Property size:
    264,495 SF
    Added:
    Jan 28, 2026
    Days on Market:
    103
    Last Refresh:
    Mar 17 at 1:14 pm

    Property Features for 12225 Greenville Ave

    General Information

    Standard status
    Active
    Size
    264,495 SF
    Property subtype
    Office

    Building Details

    Year Built
    1987

    We can help!

    Listing Contact
    Cody Payne
    Cody Payne

    Listing agent Cody Payne License #TX 551177

    Listing office Flex Parks USA LLC

    Listing date Jan 28, 2026

    Source Crexi

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

    All listing content including descriptions, pricing, images are the copyrighted material of Flex Parks USA LLC

    HighLights

    • Prime location in North Dallas with immediate access to US‑75 and I‑635
    • Value‑add office investment opportunity with a clear path to NOI growth
    • Extensive amenities including a full‑service deli, fitness center with showers, tenant lounge, conference facilities, and 24‑hour secured access with on‑site management
    • Exceptional parking supply with over 1,200 spaces
    • Move‑in‑ready suites ranging from approximately 800 to over 25,000 square feet
    • Modernized infrastructure and amenities due to numerous renovations

    Overview

    High Point Center, located at 12225 Greenville Avenue in Dallas, Texas, is a ten-story, 264,495 square foot office building constructed in 1987. The building has undergone numerous renovations, modernizing its infrastructure and amenities. Situated in North Dallas, the property provides access to US-75 and I-635, offering connectivity to Downtown Dallas, Richardson’s Telecom Corridor, and the DFW Metroplex. The surrounding area includes residential density and numerous retail and restaurants. High Point Center includes a lobby and upgraded common areas. Amenities feature a full-service deli, fitness center with showers, tenant lounge and conference facilities, and 24-hour secured access with on-site management. The property has over 1,200 parking spaces, offering a 5.0:1,000 SF parking ratio. Move-in-ready suites range from approximately 800 to over 25,000 square feet. The retail/showroom portion of the property offers 16,000 RSF of prime retail space. High Point Center is an income-producing office asset with value-add potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Uniform World (Bike/Boat/Book/etc) Store National Safety Training ... Occupational Safety And Health Ultimate Source Inc. Big Box & Wholesale Store Premier Smiles Ron ... Dental Office Mobile Dental Care Dental Office

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Collin
    State
    Texas
    Longitude
    -96.745667
    Latitude
    32.914572

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    FAQs

    What type of property is this?
    Office building - Value-add office investment in North Dallas with retail space.
    Where is this office building located?
    The property is located at 12225 Greenville Ave Dallas, TX.
    What are key features of this property?
    This property features: Prime location in North Dallas with immediate access to US‑75 and I‑635; Value‑add office investment opportunity with a clear path to NOI growth; Extensive amenities including a full‑service deli, fitness center with showers, tenant lounge, conference facilities, and 24‑hour secured access with on‑site management
    (817) 840-0055 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Cody Payne
    Cody Payne
    Real Estate License ID: TX 551177
    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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