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    2909 Cole Ave Dallas, TX 75204

    Sponsored
    For Lease
    $19 SF/Yr

    Dallas Office Suites Available Now

    Lot size:
    27,456 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    401
    This exceptional three-story executive office building at 2909 Cole Avenue in Dallas, Texas, offers a variety of flexible spaces for lease. Located in Dallas County, zip code 75204, the property boasts a total of 27,456 square feet, with a minimum divisible space of 1,941 square feet and a maximum contiguous space of 2,453 square feet. Currently, 10,670 square feet of office space is available for immediate occupancy. The building features multiple tenancies, providing a diverse and dynamic work environment. Convenient covered parking is provided for tenants. This prime location in Dallas offers easy access to major transportation routes and amenities, making it an ideal location for businesses of all sizes seeking a prestigious and functional workspace. The building's executive office suites are perfect for companies seeking a professional and efficient environment. The available spaces range in size, offering options to accommodate various business needs. Inquire today to learn more about leasing opportunities and secure your ideal office space in this desirable Dallas location.

    Property Features for 2909 Cole Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    27,456 SF
    Total Rate
    43472

    Building Details

    Stories
    3

    Unit(s) available at that property

    Space
    Suite 250
    Size
    1,941 SF
    Rate per SF
    $19
    Space
    Suite 305
    Size
    2,111 SF
    Rate per SF
    $19
    Space
    Suite 115
    Size
    2,453 SF
    Rate per SF
    $19
    Space
    Suite 302
    Size
    884 SF
    Rate per SF
    $19

    HighLights

    • Three‑story, 27,456 square foot office building in Dallas, TX.
    • Competitive lease rates in Uptown Dallas.
    • Move‑in ready office space available.
    • Monument signage opportunity.
    • Covered parking provided.
    • Multiple restaurants within walking distance.
    Property Profile Location Intelligence

    Current Use by Public Records

    Riverstick Technology Partners, ... Consultant Alliance Legal Staffing Temp Agency Uptown Chiropractic Chiropractor Drebelbis Engineering Structural Engineer

    Suggested Use

    Restaurant Realty agency Law Firm Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.8023888
    Latitude
    32.8023065

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    FAQs

    What type of property is this?
    Office Property / Space - Dallas Office Suites Available Now
    Where is this office property / space located?
    The property is located at 2909 Cole Ave Dallas, TX.
    What is the lease rate?
    The lease rate is $19 SF/Yr.
    What are key features of this property?
    This property features: Three-story, 27,456 square foot office building in Dallas, TX.; Competitive lease rates in Uptown Dallas.; Move-in ready office space available.
    Request Owner's contact information
    2909 Cole Ave Dallas, TX 75204
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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.

    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
    2909 Cole Ave Dallas, TX 75204
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