Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    North Dallas Mixed-Use Plaza Title is generated by Realmo AI

    3208 - 3218 Belt Line Rd & 14934 Webb Chapel Rd, Farmers Branch, TX 75234

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Industrial, flex, retail, and office spaces in North Dallas.

    Type:Retail, Office, Industrial
    Property size:
    132,310 SF
    Added:
    Nov 6, 2024
    Days on Market:
    574
    Last Refresh:
    May 11 at 10:33 pm

    Property Features for 3208 - 3218 Belt Line Rd & 14934 Webb Chapel Rd

    General Information

    Standard status
    Active
    Size
    132,310 SF
    Property subtype
    Retail, Office, Industrial

    Spaces For Lease

    at 3208 - 3218 Belt Line Rd & 14934 Webb Chapel Rd Contact us

    We can help!

    Listing Contact
    Justin Greenwood

    Listing agent Justin Greenwood License #TX 736171

    Listing office Bradford Companies

    Listing date Nov 6, 2024

    Source Crexi

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

    All listing content including descriptions, pricing, images are the copyrighted material of Bradford Companies

    HighLights

    • Over 132,310 square feet of space.
    • Located in Farmers Branch, TX.
    • Offers industrial, flex, retail and office spaces.
    • Situated in North Dallas.
    • Consists of seven (7) buildings.
    • Located in Northway Plaza.

    Overview

    Northway Plaza, located in Farmers Branch, TX, offers over 132,310 square feet of industrial, flex, retail, and office spaces. The property is distributed across seven buildings in North Dallas.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Farmers Branch
    County
    Dallas
    State
    Texas
    Longitude
    -96.859064
    Latitude
    32.862877

    Nearby Similar for Lease

    • $16 SF/Yr
      770 SF

      Well-Lit Office Building with Atrium

      Flexible office layout, expansive windows, and an atrium create a bright, productive setting with ample surface parking.
      14465 Webb Chapel Road, Farmers Branch, TX 75234
      View Details
    • $16 SF/Yr
      1,161 SF

      Office Building with Atrium Light

      Well-maintained office space with expansive windows, atrium lighting, and ample parking in a highly accessible setting.
      14465 Webb Chapel Road, Farmers Branch, TX 75234
      View Details
    • $16 SF/Yr
      2,073 SF

      Office Building with Atrium

      Well-maintained office building with flexible suites, abundant natural light, and surface parking.
      14465 Webb Chapel Road, Farmers Branch, TX 75234
      View Details
    • $16 SF/Yr
      420 SF

      Office Building with Atrium

      Flexible office layout with an interior atrium and natural light, supported by ample parking and negotiable tenant improvements.
      14465 Webb Chapel Road, Farmers Branch, TX 75234
      View Details
    • $16 SF/Yr
      1,419 SF

      Office Building with Atrium Light

      Flexible office layouts with an interior atrium and expansive windows support a bright, efficient work environment.
      14465 Webb Chapel Road, Farmers Branch, TX 75234
      View Details
    • $16 SF/Yr
      1,399 SF

      Farmers Branch Office Opportunity

      Prime office space in a highly accessible Farmers Branch location.
      14465 Webb Chapel Road, Farmers Branch, TX 75234
      View Details
    • $6,500/Mo

      Standalone Medical Office Building

      Standalone medical office with existing dental-ready layout and plumbing, plus surface parking and strong regional access.
      2567 Valley View Lane, Farmers Branch, TX 75234
      View Details
    • $16 SF/Yr
      1,419 SF

      Farmers Branch Prime Office Space

      Highly accessible office space in Farmers Branch, Texas.
      119-14465 Webb Chapel Rd, Farmers Branch, TX
      View Details
    • $3,333/Mo
      2,500 SF

      Move-In-Ready Office Suite

      Professionally maintained office suite in the heart of Farmers Branch.
      13465 Midway Road #204, Farmers Branch, TX 75244
      View Details
    • $6 SF/Yr
      21,241 SF

      Plug & Play Office Space

      Office space for rent in a campus setting.
      4100 Alpha Road, Farmers Branch, TX, 75244
      View Details
    • $12 SF/Yr
      15,312 SF

      Office Showroom Space Sublease

      Office and industrial space for sublease in Farmers Branch.
      4447 Sigma Road, Farmers Branch, TX, 75244
      View Details
    • Contact for pricing
      50,040 SF

      Office/Flex/Showroom Space Available

      Office, flex, and showroom spaces for lease near Dallas North Tollway.
      4801 Spring Valley Rd, Farmers Branch, TX 75244
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Industrial, flex, retail, and office spaces in North Dallas.
    Where is this mixed-use property located?
    The property is located at 3208 - 3218 Belt Line Rd & 14934 Webb Chapel Rd Farmers Branch, TX.
    What are key features of this property?
    This property features: Over 132,310 square feet of space.; Located in Farmers Branch, TX.; Offers industrial, flex, retail and office spaces.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Justin Greenwood
    Real Estate License ID: TX 736171
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3208 - 3218 Belt Line Rd & 14934 Webb Chapel Rd, Farmers Branch, TX 75234
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!