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    8585 Stemmons Fwy Dallas, TX 75247

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    For Sale
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    Value-add office asset in the dynamic West Love submarket.

    Property size:
    452,215 SF
    Lot size:
    13.50 Acres

    Property Features for 8585 Stemmons Fwy

    General Information

    Standard status
    Active
    Zoning
    MU-3
    Size
    452,215 SF
    Lot size
    13.50 Acres

    Building Details

    Year built
    1971

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    Listing Contact
    Scot Farber
    Source: Crexi

    Listing Agency: Younger Partners Listing Agent: Scot Farber

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Stemmons Freeway Twin Towers Opportunity

    The property at 8585 Stemmons Freeway presents an opportunity to acquire a fee-simple interest in twin towers located in the revitalized West Love Field area. The property offers a presence on IH-35 (Stemmons Freeway) and includes a 13.5-acre land site. The surrounding West Love area is home to tenants such as Amazon, UT Southwestern, Parkland Hospital, and Children’s Health. Since 2018, the West Love master-planned development has added over 835 luxury multifamily units with another 460+ units planned. Since 2009, adjacent hospital systems have leased over one million square feet of off-campus space in the area. Life science developments such as Pegasus Park have attracted attention from tenants and capital. Alexandria has acquired land and is planning a purpose-built life science project at Harry Hines and Mockingbird, while tenants including Health Wildcatters, MassChallenge, BioLabs, and Taysha Gene Therapies have moved to the district. The property, totaling 452215 square feet, is 50% leased to a mix of office uses. Parking includes 4 spaces per 1,000 square feet (surface & covered). The zoning is MU-38.
    Location Intelligence

    Current Use by Public Records

    DFW Minority Supplier ... Charitable Organization Omobitan Law Firm, ... Law Firm Gratitude House Sober ... Medical Clinic Mariel Seieroe: Allstate ... Insurance Agency Presley Insurance Group Insurance Agency

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Building Supply Nail Salon Gym & Fitness Center Pharmacy Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Collin
    State
    Texas
    Longitude
    -96.875055
    Latitude
    32.829485

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    FAQs

    What type of property is this?
    Office building - Value-add office asset in the dynamic West Love submarket.
    Where is this office building located?
    The property is located at 8585 Stemmons Fwy Dallas, TX.
    What are key features of this property?
    This property features: - Unmatched 13.5-acre land site in the revitalized West Love Field area.; - Significant presence on IH-35 (Stemmons Freeway).; - Located in West Love, home to name-brand tenants.
    Request Owner's contact information
    8585 Stemmons Fwy Dallas, TX 75247
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8585 Stemmons Fwy Dallas, TX 75247
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    Listing Contact
    Scot Farber
    Real Estate License ID: 387839
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