Professional Office
New
For Sale
$1,300,000
1415 E Belt Line Road, Carrollton, TX 75006
Multiple private offices and zoned HVAC provide a flexible professional layout.
Property Size4,707 SF
Price / SF$276.18
Days on Market3
Property Features for 1415 E Belt Line Road
General Information
Standard status
Active
Size
4,707 SF
Total Parking Spaces
20
Property subtype
Office
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$9,492
Amenities
Zoned HVAC
Building Details
Building Size
4,707 SF
Year Built
1999
Listing Agency:
Homes To Go Realty Services
Listed By:
Kim Walker · License #0426463
(972) 814-3679
Source:
Nilesrealtygroup
Added: Sep 12
Changed: Sep 13
Last Checked: Sep 13 at 12:04PM
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 Homes To Go Realty Services
Investment Insights
Based on property information with market context.
This 4,707-square-foot office building, constructed in 1999, includes multiple large private offices and zoned HVAC. The property was formerly occupied by a CPA office and includes a parking lot accommodating up to 20 vehicles, with additional overflow parking available.
Located at 1415 E Belt Line Road in Carrollton, the building is within walking distance of Historic Downtown Carrollton Square and near DART rail and bus transportation. Apartments, restaurants, shops, and other businesses surround the property, creating a setting suited to professional office operations.
The existing configuration is positioned for an owner-user or professional office, with source-listed use possibilities including accounting, legal, insurance, nonprofit, school, staffing, engineering, consulting, retail, and other professional service operations.
Located at 1415 E Belt Line Road in Carrollton, the building is within walking distance of Historic Downtown Carrollton Square and near DART rail and bus transportation. Apartments, restaurants, shops, and other businesses surround the property, creating a setting suited to professional office operations.
The existing configuration is positioned for an owner-user or professional office, with source-listed use possibilities including accounting, legal, insurance, nonprofit, school, staffing, engineering, consulting, retail, and other professional service operations.
Key Highlights
- 4,707 SF office building constructed in 1999
- Multiple large private offices already in place
- Zoned HVAC throughout the office space
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$58,305
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.49%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,166,100
$1.2M
Cap Rate 7%
$832,929
$832.9K
Cap Rate 9%
$647,833
$647.8K
Market Conditions
NOI Build-Up for 4,707 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$103.9K $22.08/SF
− Vacancy
−$26.2K −$5.56/SF
EGI
$77.7K $16.52/SF
− OpEx
−$19.4K −$4.13/SF
NOI
$58.3K $12.39/SF
Area
Carrollton, TX
Vacancy
25.20%
Lease Rate
$22.08 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,166,100
Cap Rate 7%
$832,929
Cap Rate 9%
$647,833
Alternative Uses
Best Use
Office B
$832.9K
$728.8K – $971.8K
NOI $58,305 @ 7.0% cap · market cap 4.49%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.16M
$1.01M – $1.35M
NOI $81,062 @ 7.0% cap · market cap 6.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
846
Businesses Nearby
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Business Placement
Demographics for 75006, TX
47,811
Population
19,549
Households
2.4
Avg Household Size
37
Median Age
33%
College-Educated
83%
High-School Grad
17.1 sq mi
ZIP Area
2,796
Density / Sq Mi
$79,466
Median Household Income
$43,403
Median Earnings
$1,528
Median Rent
$296,500
Median Home Value
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Multiple private offices and zoned HVAC provide a flexible professional layout.
Where is this office building located?
The property is located at 1415 E Belt Line Road Carrollton, TX.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 4,707 SF office building constructed in 1999; Multiple large private offices already in place; Zoned HVAC throughout the office space
