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    8204 Elmbrook Dr Dallas, TX 75247

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    For Lease
    Contact for pricing

    Three-story office building featuring a modern atrium and ample parking.

    Type:Office
    Added:
    Apr 24, 2020
    Days on Market:
    2190
    Last Refresh:
    Mar 17 at 1:17 pm

    Property Features for 8204 Elmbrook Dr

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    1971

    Spaces For Lease

    at 8204 Elmbrook Dr Contact us

    Suite 205 $14 /Mo

    Size
    213 SF
    Type
    Office
    1 Interior Office
    Contact us

    Suite 143 $15 /Mo

    Size
    792 SF
    Type
    Office
    Reception Area, 2 Window Offices, 1 Entrance
    Contact us

    Suite 119 $14 /Mo

    Size
    698 SF
    Type
    Office
    Reception Area, 3 Interior Offices
    Contact us

    Suite 263 $17 /Mo

    Size
    269 SF
    Type
    Office
    1 Window Office
    Contact us

    Suite 255 $15 /Mo

    Size
    255 SF
    Type
    Office
    1 Window Office, Open Area
    Contact us

    Suite 315 $15 /Mo

    Size
    865 SF
    Type
    Office
    Reception Area, 2 Window Offices, 1 Conference Room, Open Area
    Contact us

    Suite 147 $15 /Mo

    Size
    528 SF
    Type
    Office
    Reception Area, 1 Window Office, Work Area
    Contact us

    Suite 110 $16 /Mo

    Size
    667 SF
    Type
    Office
    Reception Area, 1 Window Office
    Contact us

    Suite 121 $15 /Mo

    Size
    920 SF
    Type
    Office
    Reception Area, 2 Window Offices, 1 Bullpen, 1 Entrance change to suite #121
    Contact us

    Suite: 189 $18 /Mo

    Size
    1,186 SF
    Type
    Office
    Reception Arean1 Window Officen2 Interior Officesn1 Conference RoomnWork Area
    Contact us

    Suite 136 $15 /Mo

    Size
    920 SF
    Type
    Office
    Reception Area, 2 Window Offices, 1 Bullpen, 1 Entrance change to suite #121
    Contact us

    Suite 238 $16 /Mo

    Size
    878 SF
    Type
    Office
    Reception Arean3 Window Officesn1 Interior OfficenOpen Area
    Contact us

    Suite 309 $16 /Mo

    Size
    522 SF
    Type
    Office
    Reception Area, 1 Window Office, 1 Entrance
    Contact us

    Suite 204 $15 /Mo

    Size
    1,159 SF
    Type
    Office
    1 Window Office, Open Area
    Contact us

    Suite 323 $16 /Mo

    Size
    563 SF
    Type
    Office
    1 Entrance
    Contact us

    Suite 232 $17 /Mo

    Size
    236 SF
    Type
    Office
    1 Window Office, 1 Entrance
    Contact us

    Suite 305N $11 /Mo

    Size
    58 SF
    Type
    Office
    Storage space available to current tenants.
    Contact us

    Suite 109 $16 /Mo

    Size
    656 SF
    Type
    Office
    Reception Area, 1 Window Office
    Contact us

    Suite 192 $15 /Mo

    Size
    1,035 SF
    Type
    Office
    1 Window Office, 2 Interior Offices, 1 Entrance
    Contact us

    Suite 261 $19 /Mo

    Size
    215 SF
    Type
    Office
    Reception Area, 1 Window Office
    Contact us

    Suite 190 $18 /Mo

    Size
    1,514 SF
    Type
    Office
    Receptionn2 Window Officesn2 Interior OfficesnOpen AreanCloset
    Contact us

    Suite 305D $19 /Mo

    Size
    183 SF
    Type
    Office
    1 Interior Office
    Contact us

    Suite 318 $16 /Mo

    Size
    458 SF
    Type
    Office
    Reception Area, 1 Window Office
    Contact us

    Suite 112 $15 /Mo

    Size
    1,461 SF
    Type
    Office
    1 Window Office, Open Area, Break Area, Sink, 1 Closet
    Contact us
    Show more

    We can help!

    Listing Contact
    Collier Lilley

    Listing agent Collier Lilley License #TX

    Listing office Boxer Property

    Listing date Apr 24, 2020

    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 Boxer Property

    Overview

    Three-Story Office Building with Atrium

    This three-story brick building, originally built in the early 1970s, features a large skylight over a modern atrium. The property is located minutes from Stemmons Freeway, hotels, restaurants, and both Love Field and DFW Airports. Tenants have access to on-site leasing, management, and maintenance teams, a tenant conference room, 24-hour key card access, and ample surface parking. The building also features updated reception areas on all floors, lush landscaping, and two recently updated conference rooms.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Lisa Collingwood, PHD Physician Trinity Rising Counseling ... Medical Clinic Global CFS Inc Trucking Company Ikkin Defensive Driving ... Training Center God's Spotlight Church

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Law Firm Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Collin
    State
    Texas
    Longitude
    -96.864018
    Latitude
    32.82382

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    FAQs

    What type of property is this?
    Office building - Three-story office building featuring a modern atrium and ample parking.
    Where is this office building located?
    The property is located at 8204 Elmbrook Dr Dallas, TX.
    What are key features of this property?
    This property features: Convenient location near Stemmons Freeway, hotels, restaurants, Love Field, and DFW Airports.; On‑site leasing, management, and maintenance teams.; 24‑hour key card access for enhanced security.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Collier Lilley
    Real Estate License ID: TX
    Learn More
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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
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