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    Executive Office Suites Title is generated by Realmo AI

    175 Miron Drive, Southlake, TX 76092

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    For Lease
    $550 /Mo

    COMMERCIAL - Southlake, TX

    Type:Office
    Lot size:
    0.60 Acres
    Added:
    Mar 6, 2026
    Days on Market:
    88
    Last Refresh:
    Jun 2 at 11:06 pm

    Property Features for 175 Miron Drive

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Parking features
    Parking Lot, Assigned
    Security features
    Security
    Standard status
    Active
    APN
    07246765
    Lot size
    0.60 Acres

    Utilities

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

    Building Details

    Year built
    1984
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Tile, Vinyl
    Building materials
    Brick
    Roof type
    Composition

    We can help!

    Listing Contact
    Patrick Nuss

    Listing agent Patrick Nuss License #0813995

    Listing office eXp Realty LLC Austin, TX

    Listing date Mar 6, 2026

    MLS# 20994225

    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

    • Up to 5 executive office suites available in Southlake’s commercial district, right off Kimball Ave
    • Suite sizes range from approximately 75 to over 300 SF
    • Some suites include built‑in sinks and storage cabinetry; one suite has a private bathroom and walk‑in closet
    • Shared common areas include a shared kitchen, break area, bathroom, and multiple storage closets
    • Building has brick construction, central heating, central air, and a composition roof (built in 1984)
    • Utilities include public water and public sewer; parking lot with assigned parking

    Overview

    This offering presents a rare chance to lease up to five executive office suites within a professional, quiet setting in Southlake. Suite sizes range from approximately 75 to over 300 square feet, supporting flexible options for different teams and service models. Several suites include built-in sinks and storage cabinetry, while one suite features its own private bathroom and walk-in closet. Furnishings can be included, providing a turnkey path for a quick move-in.

    Situated at 175 Miron Drive in Southlake’s premier commercial district, the location provides excellent visibility and easy access, right off Kimball Ave. Tenants benefit from well-maintained common areas that include a shared kitchen, break area, bathroom, and multiple storage closets.

    The overall layout and included amenities make this property a strong fit for spa and wellness professionals who need a clean, private office environment, along with practical support space in the common areas. It also works well for other professional services such as administrative, creative, or consulting uses. With flexible lease terms available, these suites offer a convenient way to establish or expand a business presence in Southlake.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Southlake
    County
    Tarrant
    State
    Texas
    Longitude
    -97.125093
    Latitude
    32.940209

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    FAQs

    What type of property is this?
    Office units - Lease up to five executive suites with shared amenities, ideal for wellness and other professional services.
    Where is this office units located?
    The property is located at 175 Miron Drive Southlake, TX.
    What is the lease rate?
    The lease rate is $550 /Mo.
    What are key features of this property?
    This property features: Up to 5 executive office suites available in Southlake’s commercial district, right off Kimball Ave; Suite sizes range from approximately 75 to over 300 SF; Some suites include built‑in sinks and storage cabinetry; one suite has a private bathroom and walk‑in closet
    (888) 519-7431
    We can help!
    Listing Contact
    Patrick Nuss
    Real Estate License ID: 0813995
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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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