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    Two-Building Commercial Compound Title is generated by Realmo AI

    3020 Navaro Street, Dallas, TX 75212

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    New
    For Lease
    $6,000/Mo $33 SF/Yr (calc)

    A two-building setup with a shared backyard for flexible headquarters, studio, or office use.

    Property size:
    2,146 SF
    Added:
    Jun 3, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 3 at 11:04 pm

    Property Features for 3020 Navaro Street

    General Information

    Standard status
    Active
    Size
    2,146 SF

    Building Details

    Year Built
    1964

    We can help!

    Listing Contact
    Dianne Smilie

    Listing agent Dianne Smilie License #0773847

    Listing office The Harvest House Realty Group

    Listing date Jun 3, 2026

    Source Signaturere

    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 The Harvest House Realty Group

    HighLights

    • Two‑building commercial compound on a shared lot at 3020 & 3100 Navaro St with a private shared backyard
    • Primary building: 1,634 SF with storefront or main office presence
    • Secondary building: 512 SF for an executive suite, administrative annex, or studio
    • Total footprint across both buildings: 2,146 SF; available as a full compound or independent units
    • NNN terms: tenant pays taxes, insurance, and all maintenance
    • Base lease rate starts at $6,000/mo and is negotiable based on lease term and whether leasing one or both structures

    Overview

    This unique two-building commercial compound offers two distinct workspaces on a shared lot, connected by a private shared backyard. The primary building is 1,634 square feet and is suited to a storefront presence or main office, while the secondary building provides 512 square feet for an executive suite, administrative annex, or studio. With the ability to lease the compound as a whole or as independent units, the layout supports both collaborative shared outdoor space and separate, focused indoor zones.

    The property is located at 3020 & 3100 Navaro Street in Dallas, north of Singleton Blvd. Access is described as rapid to I-30, with an estimated 10-minute drive to Downtown Dallas.

    For tenants seeking a professional headquarters, creative campus, or non-profit center configuration, this property provides two dedicated buildings under one arrangement. Leasing is on absolute NNN terms, with the tenant responsible for taxes, insurance, and all maintenance. Base lease rate is stated as starting at $6,000 per month and is negotiable depending on term and whether one or both structures are leased. Prospective tenants should verify all zoning and permits with the City of Dallas.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Collin
    State
    Texas
    Longitude
    -96.8461456
    Latitude
    32.7793951

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    FAQs

    What type of property is this?
    Office units - A two-building setup with a shared backyard for flexible headquarters, studio, or office use.
    Where is this office units located?
    The property is located at 3020 Navaro Street Dallas, TX.
    What is the lease rate?
    The lease rate is $6,000 /Mo.
    What are key features of this property?
    This property features: Two‑building commercial compound on a shared lot at 3020 & 3100 Navaro St with a private shared backyard; Primary building: 1,634 SF with storefront or main office presence; Secondary building: 512 SF for an executive suite, administrative annex, or studio
    (682) 219-8535
    We can help!
    Listing Contact
    Dianne Smilie
    Real Estate License ID: 0773847
    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.

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