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    1301 Solana Blvd Westlake, TX 76262

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    For Lease
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    Master-planned corporate campus with amenities in the DFW Metroplex.

    Type:Retail, Office, Special Purpose
    Added:
    Aug 18, 2022
    Days on Market:
    1346
    Last Refresh:
    Mar 17 at 1:18 pm

    Property Features for 1301 Solana Blvd

    General Information

    Standard status
    Active
    Property subtype
    Retail, Office, Special Purpose

    Building Details

    Year Built
    1988

    Spaces For Lease

    at 1301 Solana Blvd Contact us

    Suite 2220 $27 /Mo

    Size
    7,311 SF
    Type
    Retail, Office, Special Purpose
    5 Private Offices, Conference Room, Open Office Area, Server Room, Storage Room,...
    show more
    Contact us

    Suite 1545 $26 /Mo

    Size
    4,853 SF
    Type
    Office, Retail, Special Purpose
    Spec Suite. https://tour.giraffe360.com/plazaatsolana-suite1545/
    Contact us

    Suite 4207 $27 /Mo

    Size
    2,061 SF
    Type
    Retail, Office, Special Purpose
    Space offers large conference room, open work space, 2 smaller private offices and...
    show more
    Contact us

    Suite 4202 $27 /Mo

    Size
    5,459 SF
    Type
    Retail, Office, Special Purpose
    5,500 RSF of white box space ready for a fresh tenant buildout.
    Contact us

    Suite 1550 $27 /Mo

    Size
    3,550 SF
    Type
    Office, Special Purpose
    Conceptual Plan Available. Currently has Conference Room, Break Room, Office and...
    show more
    Contact us

    Suite 2330 $26 /Mo

    Size
    4,546 SF
    Type
    Office
    Suite 2330 has elevator exposure, 12 offices, two conference rooms, a corner break...
    show more
    Contact us

    Suite 2325 $27 /Mo

    Size
    Type
    Office
    Brand new spec suite featuring six private offices, a large conference room, bullpen,...
    show more
    Contact us

    Suite 1100 $27 /Mo

    Size
    27,463 SF
    Type
    Retail, Office, Special Purpose
    Suite 1100 offers 2 reception area, 3 conference rooms, 2 break rooms, private men's...
    show more
    Contact us

    Suite 1200 $27 /Mo

    Size
    30,495 SF
    Type
    Retail, Office, Special Purpose
    Suite 1200 is a full floor opportunity that offers 12 private offices, 1 large meeting/training...
    show more
    Contact us

    Suite 1300 $27 /Mo

    Size
    30,562 SF
    Type
    Retail, Office, Special Purpose
    Suite 1300 is a full floor opportunity that offers 9 private offices, 2 conference...
    show more
    Contact us

    Suite 2200 $27 /Mo

    Size
    16,149 SF
    Type
    Retail, Office, Special Purpose
    Suite 2200 offers 16,149 RSF and 11 Private Offices, 2 Conference Rooms, IT Room,...
    show more
    Contact us

    Suite 2220 $27 /Mo

    Size
    2,712 SF
    Type
    Retail, Office, Special Purpose
    Spec Suite 2220 is 2,712 RSF and has Reception Area, 4 Private Offices, Break Room,...
    show more
    Contact us

    Spec Suite 1110 $27 /Mo

    Size
    2,470 SF
    Type
    Retail, Office, Special Purpose
    4 Private Offices, Open Office Area, Break Room, Conference Room
    Contact us

    Spec Suite 1220 $27 /Mo

    Size
    4,080 SF
    Type
    Retail, Office, Special Purpose
    Spec Suite Under Construction! 5 Private offices, Open Office Area, Conference Room,...
    show more
    Contact us

    Spec Suite 1240 $27 /Mo

    Size
    5,545 SF
    Type
    Retail, Office, Special Purpose
    Spec Suite under construction! 5 Private Offices, Conference Room, Break Room, Storage...
    show more
    Contact us
    Show more

    We can help!

    Listing Contact
    Matthew Cheney

    Listing agent Matthew Cheney License #0813152

    Listing office TXRE Properties LLC

    Listing date Aug 18, 2022

    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 TXRE Properties LLC

    Overview

    Corporate Campus in Westlake, Texas

    The Plaza at Solana is a 233-acre master-planned corporate campus development situated in the thriving neighborhood of Westlake, at the heart of the DFW Metroplex. This development combines world-class architecture, desirable amenities, and a park-like environment, offering an ideal office destination. Designed to accommodate innovative companies, Solana's unique properties provide a wide range of floor plans suitable for businesses of any size. The campus features peaceful reflection gardens and a 2.5-mile walking trail. A state-of-the-art Larry North Fitness Center offers wellness amenities, including sports courts, swimming pools, and massage therapists. On-site restaurants and a hotel provide convenience for employees. Located midway between Dallas and Fort Worth, and eight minutes from DFW International Airport, the Plaza at Solana is intended for office, retail, hospitality, fitness, sports, and other commercial uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Westlake
    County
    Denton
    State
    Texas
    Longitude
    -97.2275
    Latitude
    32.996

    Nearby Similar for Lease

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      Newly renovated hotel and conference center with modern updates.
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      Westlake Industrial Property For Rent

      Industrial property in Westlake, TX, with Freeport Tax Exemption.
      400 Patriot Pkwy, Westlake, TX
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    • $27 SF/Yr

      Office and Retail Space Available

      Office and retail spaces for lease in Westlake, Texas.
      1301 W Solana Blvd, Westlake, TX
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      Retail Opportunity in Westlake

      Future retail space available in the Entrada at Westlake.
      49 Arta Dr, Westlake, TX
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      Retail Space in Westlake

      Retail opportunity in a walkable community near Dallas-Fort Worth.
      49 Arta Dr, Westlake, TX 76262
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      Westlake Office Space For Lease

      Office space available for lease in Westlake, Texas.
      1600 Solana Blvd, Westlake, TX
      View Details
    • Contact for pricing

      Refurbished Office Space for Lease

      29,681 SF office space with modern amenities in Westlake.
      2050 Roanoke Rd, Westlake, TX
      View Details
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      Westlake Office Space Available

      Office space for rent with on-site amenities and management.
      1500 Solana Blvd, Westlake, TX
      View Details

    FAQs

    What type of property is this?
    Office building - Master-planned corporate campus with amenities in the DFW Metroplex.
    Where is this office building located?
    The property is located at 1301 Solana Blvd Westlake, TX.
    What are key features of this property?
    This property features: Premier corporate campus location in Westlake, central to the DFW Metroplex.; Enjoy comprehensive amenities including a state‑of‑the‑art fitness center, on‑site restaurants, and a hotel.; Convenient access to DFW International Airport (8 minutes away) and proximity to Dallas and Fort Worth.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Matthew Cheney
    Real Estate License ID: 0813152
    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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