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    Class AA Office Sublease Available Title is generated by Realmo AI

    201 East John W Carpenter Freeway, Irving, TX 75062

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    For Lease
    $26 SF/Yr $35,704/Mo (calc)

    Prime Las Colinas office space for sublease with modern finishes.

    Type:Office
    Property size:
    16,168 SF
    Added:
    Nov 22, 2025
    Days on Market:
    194
    Last Refresh:
    May 19 at 8:51 pm

    Property Features for 201 East John W Carpenter Freeway

    General Information

    Standard status
    Active
    Size
    16,168 SF
    Property subtype
    Office

    We can help!

    Listing Contact
    Jerry Cobb, Jr.

    Listing agent Jerry Cobb, Jr.

    Listing office

    Listing date Nov 22, 2025

    Source Cbre

    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 Jerry Cobb, Jr.

    HighLights

    • Prime Las Colinas location with great visibility near John Carpenter Freeway and Mandalay Canal.
    • Direct access to DART Rail Station (Orange Line) via the Las Colinas APT RailCar System.
    • Like new Class AA finishes and elevator exposure on the 9th floor.
    • Sublease rental rate of $26.50/RSF + E with availability now.
    • Renovated lobby and common areas with on‑site security.
    • 100% Structured Parking with 4.0/1000 Ratio and surface visitor parking.

    Overview

    This +/-16,168 square foot office space is available for sublease on the 9th floor, featuring like-new Class AA finishes. The sublease rental rate is $26.50 per rentable square foot plus expenses, with availability immediately. The primary lease end date is January 31, 2029. The space benefits from elevator exposure and double glass entry doors. Located in a prime Las Colinas location with great visibility near John Carpenter Freeway on Mandalay Canal, the property is in close proximity to a shopping mall, hotel, and restaurants. Building amenities include a renovated lobby and common areas, a typical floorplate of 16,168 square feet, and 100% structured parking with a 4.0/1000 ratio, as well as surface visitor parking. The building has direct access to the DART Rail Station (Orange Line) via the Las Colinas APT RailCar System. It is Energy Star and BOMA 360 rated, with a café and Mandalay Park. Planned improvements include updates to the conference center and fitness center. The building is 2021 Well Health Safety Rated and has a 2021 GRESB Certification. It also features on-site security.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Map

    City
    Irving
    County
    Dallas
    State
    Texas
    Longitude
    -96.9591
    Latitude
    32.849

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    FAQs

    What type of property is this?
    Office units - Prime Las Colinas office space for sublease with modern finishes.
    Where is this office units located?
    The property is located at 201 East John W Carpenter Freeway Irving, TX.
    What is the lease rate?
    The lease rate is $26 SF/Yr.
    What are key features of this property?
    This property features: Prime Las Colinas location with great visibility near John Carpenter Freeway and Mandalay Canal.; Direct access to DART Rail Station (Orange Line) via the Las Colinas APT RailCar System.; Like new Class AA finishes and elevator exposure on the 9th floor.
    (214) 979-6138
    We can help!
    Listing Contact
    Jerry Cobb, Jr.
    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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