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    8445 Freeport Pkwy Irving, TX 75063

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    For Lease
    $21 SF/Yr

    Irving, TX Executive Office Space

    Lot size:
    81,056 SF

    Property Features for 8445 Freeport Pkwy

    General Information

    Property type
    Coworking space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    81,056 SF
    Total Rate
    141848

    Spaces For Lease

    at 8445 Freeport Pkwy, Irving, TX 75063 Contact us
    Unit Suite 570

    $21 /Mo

    Size
    635 SF
    Contact us
    Unit Suite 180

    $21 /Mo

    Size
    3,248 SF
    Contact us
    Unit Suite 230

    $21 /Mo

    Size
    3,111 SF
    Contact us
    Unit Suite 400

    $21 /Mo

    Size
    13,864 SF
    Contact us
    Unit Suite 530

    $21 /Mo

    Size
    4,374 SF
    Contact us
    Unit 5th Floor Suite 550

    $21 /Mo

    Size
    3,512 SF
    Contact us
    Unit Suite 200

    $21 /Mo

    Size
    1,621 SF
    Contact us
    Show more

    We can help!

    Listing Contact
    Sean Dalton
    Sean Dalton

    Listing Agency: Younger Partners Listing Agent: Sean Dalton

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

    Learn more

    Property Insight Report

    Overview

    Parkway Tower, located at 8445 Freeport Parkway in Irving, Texas, offers 81,056 square feet of prime office space in the prestigious Las Colinas business center. This six-story building provides flexible options for businesses of all sizes, with spaces ranging from 635 to 13,864 contiguous square feet. Currently, 30,365 square feet of space is available for lease. The building boasts convenient access to major thoroughfares including SH-114, SH-121, and IH-635, as well as proximity to DFW International Airport. Amenities include ample parking (3.5 spaces per 1,000 square feet), a Subway restaurant, recently updated common areas, and on-site engineering. The location offers easy access to public transportation, including a nearby DART bus line and light rail station. Parkway Tower is surrounded by a wealth of amenities, including hotels, restaurants, retail shops, North Lake College, Las Colinas Medical Center, Grapevine Mills Mall, and Hackberry Creek Country Club. The building's location in the heart of Las Colinas places it near numerous corporate headquarters, such as those of NEC, Nokia, ExxonMobil, Verizon, and the Big XII Conference. This exceptional location and comprehensive amenities make Parkway Tower an ideal choice for businesses seeking a thriving and convenient office environment in Dallas County, Texas, zip code 75063.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Insight Benefits Management Insurance Agency Pioneer Air and Gas ... Industrial Manufacturer WFG National Title ... Title Company Shah Smith & Associates Engineering Consultant TPA technologies Business Management Consultant

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Law Firm Hair Salon Nail Salon Auto Repair Shop Auto Parts Store Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Irving
    County
    Dallas
    State
    Texas
    Longitude
    -97.0193516
    Latitude
    32.9235176

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    FAQs

    What type of property is this?
    Coworking space - Irving, TX Executive Office Space
    Where is this coworking space located?
    The property is located at 8445 Freeport Pkwy Irving, TX.
    What is the lease rate?
    The lease rate is $21 SF/Yr.
    Request Owner's contact information
    8445 Freeport Pkwy Irving, TX 75063
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    Irving, TX 75063
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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
    8445 Freeport Pkwy Irving, TX 75063
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    Listing Contact
    Sean Dalton
    Sean Dalton
    Real Estate License ID: 554323
    Learn more
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