Office Suite with Glass
For Sale
Contact for pricing
515 W Southlake Boulevard #150, Southlake, TX 76092
Entire office wing offers brand-new white oak flooring, floor-to-ceiling glass partitions, a reception area, and private offices.
Property Size12,782 SF
Price / SF$0.00
Days on Market99
Property Features for 515 W Southlake Boulevard #150
General Information
Standard status
Active
Size
12,782 SF
Property subtype
Office
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
conference room
multiple private office
reception
monument signage
building signage
Building Details
Year Built
2001
Listing Agency:
Milani Properties LLC
(214) 228-7936
Listed By:
Lacy Milani-Ingalls · License #0690122
(817) 488-4333
Source:
Lonestarluxuryrealty
Added: Jul 24
Changed: Oct 29
Last Checked: Oct 28 at 7:00AM
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 Milani Properties LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This for-sale office suite includes the entire wing of the building, featuring brand-new white oak wide plank floors throughout. Interior improvements include floor-to-ceiling glass partitions with an elevated finish-out, along with an oversized conference room, multiple private offices, and a reception area for client-facing operations.
The property has a brand-new roof and offers ample parking. It is positioned at the lighted intersection of Shady Oaks and Southlake Blvd, just down the street from Southlake Town Square, with convenient access to nearby highways and surrounding shopping and dining.
Monument signage and building signage are available to support visibility for your business.
The property has a brand-new roof and offers ample parking. It is positioned at the lighted intersection of Shady Oaks and Southlake Blvd, just down the street from Southlake Town Square, with convenient access to nearby highways and surrounding shopping and dining.
Monument signage and building signage are available to support visibility for your business.
Key Highlights
- Entire office wing with brand‑new white oak wide plank floors
- Floor‑to‑ceiling glass partitions plus reception area and private offices
- Oversized conference room for meetings and client presentations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$220,873
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,417,460
$4.4M
Cap Rate 7%
$3,155,329
$3.2M
Cap Rate 9%
$2,454,144
$2.5M
Market Conditions
NOI Build-Up for 12,782 SF
Gross rent
$392.7K $30.72/SF
− Vacancy
−$98.2K −$7.68/SF
EGI
$294.5K $23.04/SF
− OpEx
−$73.6K −$5.76/SF
NOI
$220.9K $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%
$4,417,460
Cap Rate 7%
$3,155,329
Cap Rate 9%
$2,454,144
Alternative Uses
Best Use
Office B
$3.16M
$2.76M – $3.68M
NOI $220,873 @ 7.0% cap · market cap 920,304.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.50M
$3.93M – $5.25M
NOI $314,744 @ 7.0% cap · market cap 1,311,433.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
480
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
Frequently Asked Questions
What type of property is this?
Office building - Entire office wing offers brand-new white oak flooring, floor-to-ceiling glass partitions, a reception area, and private offices.
Where is this office building located?
The property is located at 515 W Southlake Boulevard #150 Southlake, TX.
What are key features of this property?
This property features: Entire office wing with brand‑new white oak wide plank floors; Floor‑to‑ceiling glass partitions plus reception area and private offices; Oversized conference room for meetings and client presentations
