Southlake Office Building For
For Sale
$3,775,200
250 W Southlake Blvd., Southlake, TX 76092
Professional services garden-office building in prime Southlake location.
Property Size11,616 SF
Days on Market281
Property Features for 250 W Southlake Blvd.
General Information
Standard status
Active
Size
11,616 SF
Class
B
Property subtype
Office
Building Details
Building Size
11,616 SF
Year Built
1997
Listing Agency:
(972) 765-0886
Listed By:
Matt Matthews, MBA, CCIM
(972) 765-0886
Source:
Svn
Added: Nov 21, 2025
Changed: Aug 26
Last Checked: Aug 29 at 6:19AM
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 Matt Matthews, MBA, CCIM
Investment Insights
Based on property information with market context.
Located in Southlake, in the heart of the fastest growing region in the United States, this property is situated on Southlake Blvd, next to Bicentennial Park and the Southlake Tennis Center, with convenient access to shopping, dining, grocery options, and SH 114. The Bicentennial Financial Center is a 2-story professional services garden-office building featuring 11,700 square feet of space. The interior has been remodeled with an updated modern meets traditional design that complements the architectural essence of the building. The property includes a balcony overlooking the Southlake Center Tennis Courts and a private putting green with a sand trap. The property is suitable for professional services.
Key Highlights
- Prime location on Southlake Blvd, next to Bicentennial Park and Southlake Tennis Center
- Located in Southlake, one of the best places in Texas to get a job and in the fastest growing region in the U.S.
- Updated modern meets traditional interior design
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
$200,724
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
5.32%
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%
$4,014,480
$4.0M
Cap Rate 7%
$2,867,486
$2.9M
Cap Rate 9%
$2,230,267
$2.2M
Market Conditions
NOI Build-Up for 11,616 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
$356.8K $30.72/SF
− Vacancy
−$89.2K −$7.68/SF
EGI
$267.6K $23.04/SF
− OpEx
−$66.9K −$5.76/SF
NOI
$200.7K $17.28/SF
Area
Tarrant County, TX
Vacancy
25.00%
Lease Rate
$30.72 /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%
$4,014,480
Cap Rate 7%
$2,867,486
Cap Rate 9%
$2,230,267
Alternative Uses
Best Use
Office B
$2.87M
$2.51M – $3.35M
NOI $200,724 @ 7.0% cap · market cap 5.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.09M
$3.58M – $4.77M
NOI $286,032 @ 7.0% cap · market cap 7.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
626
Businesses Nearby
Explore this area
Business Placement
Demographics for 76092, TX
31,924
Population
9,886
Households
3.2
Avg Household Size
42
Median Age
75%
College-Educated
99%
High-School Grad
22.7 sq mi
ZIP Area
1,406
Density / Sq Mi
$250,001
Median Household Income
$123,882
Median Earnings
$3,501
Median Rent
$956,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Professional services garden-office building in prime Southlake location.
Where is this office building located?
The property is located at 250 W Southlake Blvd. Southlake, TX.
What is the asking price?
The asking price for this property is $3,775,200.
What are key features of this property?
This property features: Prime location on Southlake Blvd, next to Bicentennial Park and Southlake Tennis Center; Located in Southlake, one of the best places in Texas to get a job and in the fastest growing region in the U.S.; Updated modern meets traditional interior design
