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 Market327
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
Listed By:
Matt Matthews, MBA, CCIM
(972) 765-0886
Source:
Svn
Added: Nov 21, 2025
Changed: Oct 4
Last Checked: Oct 12 at 5:08PM
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 / Yr
$200,724
Cap Rate
5.32%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - 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
