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    12700 Park Central Dr Dallas, TX 75251

    Sponsored
    For Lease
    $20 SF/Yr

    Prime Dallas location, multiple suites available

    Lot size:
    512,775 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    403
    This exceptional executive office space at 12700 Park Central Drive in Dallas, Texas, offers a variety of suite sizes to accommodate diverse business needs. The building boasts a total of 512,775 square feet, with a minimum divisible space of 170 square feet and a maximum contiguous space of 11,555 square feet. Currently, there are 211,008 square feet of vacant space available for lease, providing ample opportunity for businesses of all sizes. The property features a convenient 4:1000 parking ratio, ensuring sufficient parking for tenants and their guests. Located in Dallas County, zip code 75251, this property benefits from its strategic location near the "Dallas High Five" interchange, providing easy access to multiple labor pools throughout the city. Public transportation is readily available via DART bus and light rail service. The building's proximity to executive housing areas in North Dallas, Far North Dallas, and the Park Cities, combined with its convenient access to hotels, restaurants, retail centers, and recreational facilities within walking distance, makes it an ideal location for businesses seeking a thriving and convenient environment. The property is classified as an office building with multiple tenancies, offering flexibility for various business models. This landmark destination offers a prestigious address and unparalleled convenience.

    Property Features for 12700 Park Central Dr

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    512,775 SF
    Total Rate
    854625

    Unit(s) available at that property

    Space
    Floor 5 - Suite 500
    Size
    4,250 SF
    Rate per SF
    $22
    Space
    Floor 9 - Suite 900
    Size
    26,199 SF
    Rate per SF
    $24
    Space
    Suite 1300
    Size
    26,199 SF
    Space
    Suite 5th Floor-525
    Size
    2,870 SF
    Rate per SF
    $22
    Space
    Suite 750
    Size
    14,069 SF
    Rate per SF
    $24
    Space
    Floor 1, Suite 110
    Size
    4,283 SF
    Space
    Floor 4, Suite 400
    Size
    13,000 SF
    Space
    Available Suite 250
    Size
    7,546 SF
    Rate per SF
    $22
    Space
    Suite 1413 - Floor 14
    Size
    170 SF
    Rate per SF
    $24
    Space
    Suite 1420 - Floor 14
    Size
    715 SF
    Rate per SF
    $24
    Space
    Suite 1425 - Floor 14
    Size
    227 SF
    Rate per SF
    $24
    Space
    Suite 1432 - Floor 14
    Size
    1,128 SF
    Rate per SF
    $24
    Space
    Suite 350
    Size
    4,743 SF
    Rate per SF
    $24
    Space
    Available Suite 115
    Size
    4,283 SF
    Rate per SF
    $22
    Space
    Available Suite 1100
    Size
    26,199 SF
    Rate per SF
    $24
    Space
    Suite 507
    Size
    1,567 SF
    Space
    Available Suite 430
    Size
    13,000 SF
    Rate per SF
    $22
    Space
    Suite 480 - Floor 4
    Size
    13,000 SF
    Rate per SF
    $22
    Space
    Available Suite 1060
    Size
    5,319 SF
    Rate per SF
    $24
    Space
    Suite 1440
    Size
    3,664 SF
    Rate per SF
    $24
    Space
    Available Space 304
    Size
    1,699 SF
    Rate per SF
    $24
    Space
    Available Space 520
    Size
    11,483 SF
    Rate per SF
    $24
    Space
    Available Suite 700
    Size
    11,555 SF

    We can help!

    Listing Contact
    Sean Dalton
    Sean Dalton

    Learn more

    Property Insight Report

    HighLights

    • Corner bakery and renovated lobby.
    • Panoramic city views.
    • Excellent walkability to Anderson Bonner Park and White Rock Creek Trail.
    • On‑site fitness center.
    • Modern conference rooms available.
    • Convenient on‑campus setting.
    Property Profile Location Intelligence

    Current Use by Public Records

    Stucky Injury Law Law Firm Kestrel Aircraft Aircraft Supply Store Texas A&M Transportation ... Research Institute C1 Insurance Group Insurance Agency Trinity Consultants Software Company

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.7757354
    Latitude
    32.921263

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Dallas location, multiple suites available
    Where is this office property / space located?
    The property is located at 12700 Park Central Dr Dallas, TX.
    What is the lease rate?
    The lease rate is $0.00-$24 SF/Yr.
    What are key features of this property?
    This property features: Corner bakery and renovated lobby.; Panoramic city views.; Excellent walkability to Anderson Bonner Park and White Rock Creek Trail.
    Request Owner's contact information
    12700 Park Central Dr Dallas, TX 75251
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    Dallas, TX 75251
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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
    12700 Park Central Dr Dallas, TX 75251
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    We can help!
    Listing Contact
    Sean Dalton
    Sean Dalton
    Real Estate License ID: TX 554323
    Learn more
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