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    2655 Villa Creek Dr Farmers Branch, TX 75234

    Sponsored
    For Lease
    $14 SF/Yr

    Prime DFW Office Space, Multiple Uses

    Lot size:
    94,343 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    401
    One Metro Square, a 94,343 square foot, two-story office building in Farmers Branch, Texas (75234), offers a diverse range of office spaces, including traditional, executive, coworking, medical, and creative options. Located at 2655 Villa Creek Dr, this property boasts 8 suites, with a minimum divisible space of 1,077 square feet and a maximum contiguous space of 10,847 square feet. Currently, 36,623 square feet are vacant. Built in 1971 and renovated in 2014, the building sits on 5.38 acres and includes 322 parking spaces and elevators. Its strategic location off I-635 and I-35E provides easy access to major freeways, DFW and Love Field airports (within 20 minutes), Downtown Dallas (40 minutes), Legacy West (40 minutes), and Fort Worth (55 minutes). The property benefits from a large, accessible workforce, with 275,000 people within a 5-mile radius, and 68.88% of workers having a commute under 30 minutes. The well-maintained grounds are complemented by nearby shopping, dining, parks, and golf courses. This location offers businesses access to a dense employee pool and a thriving market. This is an ideal opportunity for businesses seeking a well-positioned, versatile office space in the heart of the DFW metroplex.

    Property Features for 2655 Villa Creek Dr

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    94,343 SF
    Total Rate
    113997.79

    Building Details

    Year Built/Renovated
    1971/2014
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Suite 160
    Size
    10,847 SF
    Rate per SF
    $14
    Space
    Suite 250
    Size
    7,506 SF
    Rate per SF
    $14
    Space
    Suite 235
    Size
    1,077 SF
    Rate per SF
    $14
    Space
    Suite 105
    Size
    6,555 SF
    Rate per SF
    $14
    Space
    Suite 142
    Size
    2,208 SF
    Rate per SF
    $14
    Space
    Suite 225
    Size
    3,963 SF
    Rate per SF
    $14
    Space
    Suite 233
    Size
    2,982 SF
    Rate per SF
    $14
    Space
    Suite 120
    Size
    1,485 SF
    Rate per SF
    $14

    HighLights

    • Prime DFW Metroplex location with easy access to major highways.
    • Flexible office suites available to accommodate various business needs.
    • Excellent access to I‑635, I‑35E, Dallas North Tollway, George Bush Turnpike, and TX‑114.
    • Ample free surface parking.
    • Attractive landscaping with outdoor seating areas.
    • Convenient proximity to the Galleria mall, dining, and recreation.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Farmers Branch
    County
    Dallas
    State
    Texas
    Longitude
    -96.887774844501
    Latitude
    32.912263819417

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    FAQs

    What type of property is this?
    Office space - Prime DFW Office Space, Multiple Uses
    Where is this office space located?
    The property is located at 2655 Villa Creek Dr Farmers Branch, TX.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: Prime DFW Metroplex location with easy access to major highways.; Flexible office suites available to accommodate various business needs.; Excellent access to I-635, I-35E, Dallas North Tollway, George Bush Turnpike, and TX-114.
    Request Owner's contact information
    2655 Villa Creek Dr Farmers Branch, TX 75234
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    Farmers Branch, TX 75234
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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
    2655 Villa Creek Dr Farmers Branch, TX 75234
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