Office Condo with Highway-Facing
New
For Sale
$895,000
6211 W Northwest Highway, Dallas, TX 75225
CommercialSale, Dallas, TX
Property Size2,225 SF
Lot Size4.26 Acres
Price / SF$402.25
Days on Market4
Property Features for 6211 W Northwest Highway
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
Commercial - Retail - Office
Subdivision
Preston Tower Condo Comm
Directions
On West Northwest Highway between Preston and Edgemere
Standard status
Active
APN
00-C5895-000-01F-C252
Lot size
4.26 Acres
Taxes and HOA fees
Tax Description
PRESTON TOWER CONDOMINIUM BLK J/5463 BLK LESS
Tax Annual Amount
7003
Legal Description
PRESTON TOWER CONDOMINIUM BLK J/5463 BLK LESS
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1966
Number of units
1
Flooring type
Wood
Listing Agency:
DC Commercial Group, LLC
Listed By:
Dana Chun
(917) 478-6280
Added: Sep 30
Last Checked: Oct 3 at 3:06AM
MLS# 21399659
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.
Investment Insights
Based on property information with market context.
This 2,225-square-foot office condominium is identified for office, retail, or medical use. Its windows face Northwest Highway, and the unit is the first one on the right. Wood flooring, central heating, and central air conditioning are present. The building dates to 1966, with public water and sewer service.
Key Highlights
- 2,225 SF office condominium
- Positioned first on the right, with windows facing Northwest Highway
- Identified for office, retail, or medical use
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
$28,836
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
3.22%
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%
$576,720
$576.7K
Cap Rate 7%
$411,943
$411.9K
Cap Rate 9%
$320,400
$320.4K
Market Conditions
NOI Build-Up for 2,225 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
$53.4K $24.00/SF
− Vacancy
−$5.3K −$2.40/SF
EGI
$48.1K $21.60/SF
− OpEx
−$19.2K −$8.64/SF
NOI
$28.8K $12.96/SF
Area
Dallas, TX
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
40.00%
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%
$576,720
Cap Rate 7%
$411,943
Cap Rate 9%
$320,400
Alternative Uses
Best Use
Office B
$1.83M
$1.60M – $2.13M
NOI $127,918 @ 7.0% cap · market cap 14.29%
Second Best
Healthcare Medical
$411.9K
$360.5K – $480.6K
NOI $28,836 @ 7.0% cap · market cap 3.22%
Theoretical Best
Office A
$2.67M
$2.34M – $3.11M
NOI $186,887 @ 7.0% cap · market cap 20.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,908
Businesses Nearby
Explore this area
Business Placement
Demographics for 75225, TX
22,635
Population
9,839
Households
2.3
Avg Household Size
46
Median Age
84%
College-Educated
99%
High-School Grad
4.7 sq mi
ZIP Area
4,816
Density / Sq Mi
$189,985
Median Household Income
$114,600
Median Earnings
$2,406
Median Rent
$1,489,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Dallas, TX
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - The unit is identified for office, retail, or medical use and has central heating and air conditioning.
Where is this office units located?
The property is located at 6211 W Northwest Highway Dallas, TX.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: 2,225 SF office condominium; Positioned first on the right, with windows facing Northwest Highway; Identified for office, retail, or medical use
