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    8500 Stemmons Fwy Dallas, TX 75247

    Sponsored
    For Lease
    $13 SF/Yr

    Dallas Office Building: 28 Suites Available

    Lot size:
    109,291 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    405
    This six-story, 109,291-square-foot office building, originally constructed in 1980 and renovated in 2016, offers a variety of spaces for lease. Located at 8500 N Stemmons Fwy in Dallas, Texas (zip code 75247), this Class C building provides flexible options ranging from 100 square feet to a maximum contiguous space of 3,483 square feet. The property features 54 total suites, ideal for multiple tenants. Amenities include an attractive marble-walled lobby, on-site leasing, management, and maintenance, and comfortable professional common areas. The building boasts convenient access to Stemmons Freeway (I-35N) and Empire Central, placing it minutes from Love Field and DFW airports. Its prime location in the Stemmons Corridor also offers proximity to the American Airlines Center, numerous restaurants, and hotels. Parking is available at a ratio of 3.77 spaces per 1,000 square feet. The building includes elevators. This property is situated in the West Dallas submarket of Dallas County.

    Property Features for 8500 Stemmons Fwy

    General Information

    Property type
    Coworking space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    109,291 SF
    Class
    C
    Total Rate
    126413.26

    Building Details

    Year Built/Renovated
    1980/2016
    Stories
    6

    Unit(s) available at that property

    Space
    Suite 5051
    Size
    810 SF
    Rate per SF
    $15
    Space
    Suite 5070
    Size
    789 SF
    Rate per SF
    $16
    Space
    Suite 2045
    Size
    772 SF
    Rate per SF
    $15
    Space
    Suite 3056
    Size
    100 SF
    Rate per SF
    $30
    Space
    Suite 6070
    Size
    2,406 SF
    Rate per SF
    $15
    Space
    Suite 2010
    Size
    1,741 SF
    Rate per SF
    $14
    Space
    Suite 4000
    Size
    1,412 SF
    Rate per SF
    $15
    Space
    Suite 4025
    Size
    1,302 SF
    Rate per SF
    $15
    Space
    Suite 5040
    Size
    1,128 SF
    Rate per SF
    $15
    Space
    Suite 3067
    Size
    1,086 SF
    Rate per SF
    $15
    Space
    Suite 3025
    Size
    344 SF
    Rate per SF
    $14
    Space
    Suite 6055
    Size
    837 SF
    Rate per SF
    $15
    Space
    Suite 4045
    Size
    1,125 SF
    Rate per SF
    $15
    Space
    Suite 4080
    Size
    1,377 SF
    Rate per SF
    $15
    Space
    Suite 4040
    Size
    1,573 SF
    Rate per SF
    $15
    Space
    Suite 2057
    Size
    1,766 SF
    Rate per SF
    $15
    Space
    Suite 2070
    Size
    615 SF
    Rate per SF
    $15
    Space
    Suite 2085
    Size
    909 SF
    Rate per SF
    $15
    Space
    Suite 2092
    Size
    609 SF
    Rate per SF
    $13
    Space
    Suite 3000
    Size
    1,803 SF
    Rate per SF
    $15
    Space
    Suite 3051
    Size
    1,117 SF
    Rate per SF
    $15
    Space
    Suite 3075
    Size
    780 SF
    Rate per SF
    $15
    Space
    Suite 3080
    Size
    602 SF
    Rate per SF
    $15
    Space
    Suite 4003
    Size
    555 SF
    Rate per SF
    $15
    Space
    Suite 4085
    Size
    1,934 SF
    Rate per SF
    $15
    Space
    Suite 6015
    Size
    1,105 SF
    Rate per SF
    $15
    Space
    Suite 5060
    Size
    1,020 SF
    Rate per SF
    $15
    Space
    Suite 5035
    Size
    658 SF
    Rate per SF
    $15

    We can help!

    Listing Contact
    Adam Toth
    Adam Toth

    Learn more

    Property Insight Report

    HighLights

    • 24/7 Access Control System
    • Unique Building Design with Eight Corner Offices Per Floor
    • High‑Profile Freeway Exposure
    • On‑Site Property Management, Leasing, and Maintenance
    • Conference Facility
    • High‑Speed Internet Access
    Property Profile Location Intelligence

    Current Use by Public Records

    Somodevilla S A Psychologist DRS Office Psychologist Resumes For Success Resume Service P&P Barragan LLC Interior Designer DFW Event Creations Audio Visual Equipment Supplier

    Suggested Use

    Restaurant Realty agency Spa & Massage Dental Office Building Supply Hair Salon Law Firm Wholesale Shop Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.87143389
    Latitude
    32.82842

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    FAQs

    What type of property is this?
    Coworking space - Dallas Office Building: 28 Suites Available
    Where is this coworking space located?
    The property is located at 8500 Stemmons Fwy Dallas, TX.
    What is the lease rate?
    The lease rate is $13-$30 SF/Yr.
    What are key features of this property?
    This property features: 24/7 Access Control System; Unique Building Design with Eight Corner Offices Per Floor; High-Profile Freeway Exposure
    Request Owner's contact information
    8500 Stemmons Fwy Dallas, TX 75247
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    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
    8500 Stemmons Fwy Dallas, TX 75247
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    We can help!
    Listing Contact
    Adam Toth
    Adam Toth
    Real Estate License ID: TX
    Learn more
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