Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Class B Office and Medical Title is generated by Realmo AI

    12840-12870 Hillcrest Road, Dallas, TX 75230

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Three-building Class B office and medical property in Dallas, Texas.

    Type:Office
    Property size:
    101,572 SF
    Added:
    Mar 7, 2026
    Days on Market:
    92
    Last Refresh:
    Mar 7 at 7:04 pm

    Property Features for 12840-12870 Hillcrest Road

    General Information

    Standard status
    Active
    Size
    101,572 SF
    Property subtype
    Office

    Building Details

    Year Built
    1973

    We can help!

    Listing Contact
    Justin Miller

    Listing agent Justin Miller License #TX 484441

    Listing office Transwestern | Dallas

    Listing date Mar 7, 2026

    Source Transwestern

    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 Transwestern | Dallas

    HighLights

    • Convenient location at LBJ Freeway and Hillcrest Road.
    • Excellent access to North Dallas Tollway, Highway 75, and the Galleria.
    • Proximity to high‑end retail and fine dining establishments.
    • Top tier Class B commercial office and medical property.
    • Aesthetically pleasing exterior with modern architecture, fountains, and courtyards.
    • Unique interior with abundant natural light and amenities.

    Overview

    Commerce Plaza Hillcrest is a three-building Class B commercial office and medical property. It is located on the southwest corner of LBJ Freeway and Hillcrest Road. The property is near high-end retail and fine dining establishments and has access to North Dallas Tollway, Highway 75, and the Galleria. Commerce Plaza Hillcrest features modern architecture, fountains, and courtyards. The interior has natural light and amenities for its tenants. The property has a total size of 101572 square feet.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Collin
    State
    Texas
    Longitude
    -96.7843302
    Latitude
    32.9233962

    Nearby Similar for Lease

    • $8,500/Mo
      3,600 SF

      Medical-Ready Standalone Office

      Standalone medical-ready building with existing clinical infrastructure and flexible layout for urgent care, dental, or specialty uses.
      1619 Martin Luther King Jr Boulevard, Dallas, TX 75215
      View Details
    • $1,500/Mo

      Versatile Flex Space for Lease

      Flexible commercial space for office, retail, warehouse, service, or light industrial use with tenant-maintained responsibilities.
      4737 Village Fair Drive, Dallas, TX 75224
      View Details
    • $1,151/Mo

      Fully Furnished Private Office Workspace

      Move-in ready offices with onsite support, shared conference access, and utilities included for streamlined day-to-day operations.
      2626 Cole Avenue, Dallas, TX 75204
      View Details
    • $800/Mo

      Retail or Office Suite With Private Bath

      Flexible retail or office space with a private bathroom, ideal for small businesses seeking an affordable layout option.
      4737 Village Fair Drive, Dallas, TX 75224
      View Details
    • $3,501/Mo

      Fully Furnished Private Office Suites

      Turnkey private offices with receptionist support, utilities, janitorial, conference access, and on-site fitness.
      2626 Cole Avenue, Dallas, TX 75204
      View Details
    • $4,000/Mo

      Flexible Office Building Lease

      Free-standing space with reception, consultation rooms, multiple offices, and an open area suited for medical or retail concepts.
      220 W 10th Street, Dallas, TX 75208
      View Details
    • $4,250/Mo

      Vintage Creative Office and Studio Space

      Historic 1940s character with a distinctive shotgun-style layout and abundant natural light for office, studio, or boutique retail use.
      3106 Swiss Avenue, Dallas, TX 75204
      View Details
    • $4,000/Mo

      Warehouse-Office Flex Space

      Grade-level warehouse with dedicated office layout, meeting space, and ample paved parking for efficient loading and operations.
      11127 Shady Trail, Dallas, TX 75229
      View Details
    • $2,200/Mo

      Luxury Flex Space with Private Suite Areas

      Upscale flex suite with reception, kitchenette, private restroom, and two suite rooms near major highways.
      1739 Marfa Avenue, Dallas, TX 75216
      View Details
    • $1,975/Mo

      Corner Office Suite with Reception

      Corner office suite with reception and multiple private offices, positioned for strong visibility near a high-traffic intersection.
      8106 Scyene Road, Dallas, TX 75227
      View Details
    • $2,000/Mo

      Retail and Office Space for Lease

      Flexible back-building suite offers open retail/office space, bathroom, and parking with access to a back lot.
      3818 S Lancaster Road, Dallas, TX 75216
      View Details
    • $1,950/Mo

      Office Suite with Spa-Ready Flex

      High-end office opportunity in a condo tower with extensive on-site amenities and flexible leasing of two units.
      6211 W Northwest Highway, Dallas, TX 75225
      View Details

    FAQs

    What type of property is this?
    Office building - Three-building Class B office and medical property in Dallas, Texas.
    Where is this office building located?
    The property is located at 12840-12870 Hillcrest Road Dallas, TX.
    What are key features of this property?
    This property features: Convenient location at LBJ Freeway and Hillcrest Road.; Excellent access to North Dallas Tollway, Highway 75, and the Galleria.; Proximity to high‑end retail and fine dining establishments.
    (972) 361-1134
    We can help!
    Listing Contact
    Justin Miller
    Real Estate License ID: TX 484441
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    12840-12870 Hillcrest Road, Dallas, TX 75230
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!