Leased Office Suites in
6211 W Northwest Hwy Dallas, TX 75225
For Sale
Contact for pricing
Three fully leased suites in Preston Tower, a 29-story high-rise featuring on-site amenities and security.
Property Size1,258 SF
Price / SF$253.58
Days on Market115
Property Features for 6211 W Northwest Hwy
General Information
- Standard status
- Active
- Size
- 1,258 SF
- Property subtype
- Office, Retail
Building Details
- Year Built
- 1966
Listing Agency:
MRA Realtors
(214) 642-3723
Listed By:
Robert Alvarez · License #0352949
Source:
Crexi
Added: Mar 31
Changed: Jul 23
Last Checked: Jul 23 at 8:47AM
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 MRA Realtors
Investment Insights
Based on property information with market context.
This offering is a fully leased set of office suites within Preston Tower, a 29-story high-rise building in the Preston Hollow submarket of Dallas. The configuration includes three occupied suites with a service-oriented tenant mix: a spa, a hair salon, and a professional office. The asset is presented as stabilized with immediate income generation from existing tenants.
Preston Tower is positioned along Northwest Highway between the Dallas North Tollway and US-75, and is directly across from Preston Center. The building also references a built-in residential consumer base, with more than 300 residential units contributing consistent on-site foot traffic for services offered within the property.
Tenant and resident amenity access is described as broad and security-focused, including 24-hour concierge and security, a resort-style pool with courtyard lounge and fire feature, a fitness center, tennis and pickleball courts, and secure parking. The building’s integrated commercial component is also referenced as including on-site retail and service providers such as salons, a coffee shop, and personal services.
Preston Tower is positioned along Northwest Highway between the Dallas North Tollway and US-75, and is directly across from Preston Center. The building also references a built-in residential consumer base, with more than 300 residential units contributing consistent on-site foot traffic for services offered within the property.
Tenant and resident amenity access is described as broad and security-focused, including 24-hour concierge and security, a resort-style pool with courtyard lounge and fire feature, a fitness center, tennis and pickleball courts, and secure parking. The building’s integrated commercial component is also referenced as including on-site retail and service providers such as salons, a coffee shop, and personal services.
Key Highlights
- Three fully leased suites in Preston Tower, a 29‑story high‑rise (built in 1966)
- Tenant mix includes a spa, hair salon, and professional office
- Mixed‑use property with built‑in consumer traffic from 300+ residential units
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $30.3k | $24.12 |
| − Vacancy | −$1.4k | −$1.13 |
| EGI | $28.9k | $22.99 |
| − OpEx | −$8.7k | −$6.90 |
| NOI | $20.2k | $16.09 |
1,258 SF · lease $24.12/SF/yr · vacancy 4.70% · expense 30.00%
Alternative Uses
Best Use
Office B
$1.03M
$904.1K – $1.21M
NOI $72,324 @ 7.0% cap · market cap 22.67%
Second Best
Retail
$289.2K
$253.0K – $337.4K
NOI $20,242 @ 7.0% cap · market cap 6.35%
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,665 @ 7.0% cap · market cap 33.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
POGO SEMINARS INC: ...
Dental Office
Sense of Wellness Therapy- ...
Alternative Medicine Practice
Benefit Resource Group
Insurance Agency
Paradigm Wellness Medical ...
Sports Medicine Clinic
Hassan Parsa Salon
Hair Salon
FAQs
What type of property is this?
Office units - Three fully leased suites in Preston Tower, a 29-story high-rise featuring on-site amenities and security.
Where is this office units located?
The property is located at 6211 W Northwest Hwy Dallas, TX.
What is the asking price?
The asking price for this property is $319,000.
What are key features of this property?
This property features: Three fully leased suites in Preston Tower, a 29‑story high‑rise (built in 1966); Tenant mix includes a spa, hair salon, and professional office; Mixed‑use property with built‑in consumer traffic from 300+ residential units
