Property profile

12201 Merit Dr Dallas, TX 75251

FOR LEASE
Office buildings
Property ID
US83-3688735
203,522 SF 3.45 ac lot Built 1980
Entity Owned 6-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

Two Forest Plaza, located at 12201 Merit Dr, Dallas, TX 75251, presents a prime opportunity for businesses seeking high-quality office space. This Class A, 196,215 square foot building, constructed in 1981, offers a variety of suite sizes ranging from 2,326 to 18,573 square feet, accommodating diverse tenant needs. The property is ideally situated within the Park Central Business Park, providing convenient access to nearby hotels and restaurants. The building features a six-level covered parking garage ensuring ample parking for tenants and visitors. Additional amenities include a state-of-the-art conference center, a fully equipped fitness center, and a dedicated loading/service area for efficient operations. Tenants benefit from tenant-controlled HVAC systems, providing customized climate control. On-site management and a security guard provide peace of mind, further enhanced by an after-hours passcard security system. Two Forest Plaza has achieved the prestigious BOMA 360 designation, signifying its commitment to exceptional building management and operational excellence. This multi-tenant building offers a blend of medical and traditional office spaces, making it a versatile option for a wide range of businesses. The building's prime location, comprehensive amenities, and commitment to security and efficiency make it an attractive investment opportunity.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1980
Construction STEEL FRAME
Total area 203,522 SF
Lot 3.45 ac (150,456 SF)
Zoning code Z151
APN 007736000B02A0000
UPID US83-3688735

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Law Firm
  • Insurance Agency
  • Insurance Agency
  • Insurance Agency
  • Radio Station Telecommunications Service

Location

12201 Merit Dr Dallas, TX 75251
Dallas metro Census 13202 DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$6.32M

Owner & transaction history

since 2020
7 recorded transactions
2020
Price N/A
2017
Price N/A
2014
Price N/A
2012
Price N/A
2007
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

Z151 · Dallas, TX

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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