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    Three-Unit Office Condominium Portfolio Title is generated by Realmo AI

    12989 Jupiter Road, Dallas, TX 75238

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    Claim this Listing
    For Sale
    $597,500

    SINGLE_FAMILY - Dallas, TX

    Type:Office
    Property size:
    3,581 SF
    Lot size:
    0.08 Acres
    Price / SF:
    $166/SF
    Added:
    Oct 27, 2025
    Days on Market:
    220
    Last Refresh:
    Jun 3 at 1:06 pm

    Property Features for 12989 Jupiter Road

    General Information

    Property type
    Residential
    Property subtype
    Office
    Parking features
    Parking Lot
    Standard status
    Active
    APN
    00C27200000A10400
    Lot size
    0.08 Acres

    Taxes and HOA fees

    Tax Description
    GREENGATE PROFESSIONAL BLDG CONDO BLK B/7487
    Tax Annual Amount
    3420

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1982
    Floors in Building
    1
    Number of units
    3
    Flooring type
    Carpet, Tile, Combination, Vinyl
    Building materials
    Brick, WoodSiding
    Roof type
    Flat, Metal

    We can help!

    Listing Contact
    Karan Aulakh

    Listing agent Karan Aulakh

    Listing office KARE Investment Sales & Leasing TX

    Listing date Oct 27, 2025

    MLS# 21096525

    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

    • Three contiguous office condominium units (Units 103–105) totaling +/-3,581 SF in an established professional office complex
    • Each unit includes private offices, conference areas, reception, restrooms, and a kitchenette for single- or multi‑tenant occupancy
    • Central heating and central A/C, with interior flooring including carpet, tile, combination, and vinyl
    • Brick and wood siding exterior with a roof featuring flat and metal surfaces
    • Public water and public sewer services; shared exterior maintenance and water service through a low‑cost office association
    • On‑site parking lot provided; located on Jupiter Road with proximity to I‑635 and Northwest Highway

    Overview

    Rare opportunity to acquire three contiguous office condominium units within an established professional office complex. Units 103–105 offer a practical office configuration that includes private offices, conference areas, reception space, restrooms, and a kitchenette, allowing for flexible use as either single-tenant setups or multi-tenant occupancy. The buildings are well-maintained and benefit from shared exterior maintenance and water service managed through a low-cost office association.

    Positioned along Jupiter Road, the property provides visibility and convenient access, with close proximity to I-635 and Northwest Highway and other major business corridors. The surrounding area is anchored by established medical, professional, and service-oriented businesses, supporting a consistent day-to-day office environment.

    This asset is well suited for an owner-user seeking an income-producing workplace within a maintained office community, or for an investor looking for a stable, controllable portfolio of contiguous office condos. The combination of private office space, common functional amenities, and flexible layout options can accommodate a range of professional tenants while keeping operations streamlined within the association-managed property.
    Property Profile Location Intelligence

    Current Use by Public Records

    Car Care Auto Parts Store Bich-Huong Nguyen Inc Dental Office First Canterbury Securities Financial Advisor Family & Couples Counselor ... Marriage Or Relationship Counselor Nick David Quickbooks Cafe & Coffee Shop

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Collin
    State
    Texas
    Longitude
    -96.683676
    Latitude
    32.872732

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    FAQs

    What type of property is this?
    Office units - Well-maintained office condos with flexible layouts for single or multi-tenant occupancy and strong visibility on a major corridor.
    Where is this office units located?
    The property is located at 12989 Jupiter Road Dallas, TX.
    What is the asking price?
    The asking price for this property is $597,500.
    What are key features of this property?
    This property features: Three contiguous office condominium units (Units 103–105) totaling +/-3,581 SF in an established professional office complex; Each unit includes private offices, conference areas, reception, restrooms, and a kitchenette for single- or multi‑tenant occupancy; Central heating and central A/C, with interior flooring including carpet, tile, combination, and vinyl
    (469) 471-6413
    We can help!
    Listing Contact
    Karan Aulakh
    Request Owner's contact information
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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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