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    8585 N Stemmons Dallas, TX 75247

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    Two interconnected 11-story office towers with amenities.

    Type:Office
    Property size:
    449,000 SF
    Added:
    Apr 26, 2021
    Days on Market:
    1831
    Last Refresh:
    Mar 17 at 1:17 pm

    Property Features for 8585 N Stemmons

    General Information

    Standard status
    Active
    Size
    449,000 SF
    Property subtype
    Office

    Building Details

    Year Built
    1973

    Spaces For Lease

    at 8585 N Stemmons Contact us

    Suite 1000S $18 /Mo

    Size
    9,778 SF
    Type
    Office
    21 Private Offices, Plenty of Bullpen Area, Break room and large work room. Lease...
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    Contact us

    Suite 140N $18 /Mo

    Size
    4,875 SF
    Type
    Office
    Open Floorplan. Plan attached. Lease is plus electric.
    Contact us

    Suite 900S $18 /Mo

    Size
    5,048 SF
    Type
    Office
    Contact us

    Suite 100S $18 /Mo

    Size
    1,947 SF
    Type
    Office
    Large open space with break room, and large training room.
    Contact us

    Suite 450N $18 /Mo

    Size
    9,101 SF
    Type
    Office
    Suite 450-N is wide open and waiting for a client to create a custom build out. Lease...
    show more
    Contact us

    Suite 510S $18 /Mo

    Size
    3,868 SF
    Type
    Office
    Large Open Area Space, Storage Room, Work Room, Break Room, Storage Room and Private...
    show more
    Contact us

    Suite 1050S $18 /Mo

    Size
    9,451 SF
    Type
    Office
    Mostly open office, 4 private offices, large breakroom and workroom. Lease is plus...
    show more
    Contact us

    Suite 315S $18 /Mo

    Size
    2,434 SF
    Type
    Office
    Reception Area, 8 Large Private Offices, Conference Room, Open Office Space, Storage...
    show more
    Contact us

    Suite 107N $18 /Mo

    Size
    8,421 SF
    Type
    Office
    Contact us

    Suite 490S $18 /Mo

    Size
    7,469 SF
    Type
    Office
    Contact us

    Suite 520S $18 /Mo

    Size
    1,260 SF
    Type
    Office
    Contact us

    Suite 101S $18 /Mo

    Size
    1,180 SF
    Type
    Office
    Large open space with private office
    Contact us

    Suite 750S $18 /Mo

    Size
    4,427 SF
    Type
    Office
    This space is wide open and waiting for a build out. It is also a great option for...
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    Contact us

    Suite 700S $18 /Mo

    Size
    13,880 SF
    Type
    Office
    This suite has 25 offices built out with multiple conference rooms built out as well....
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    Suite 800S $18 /Mo

    Size
    18,575 SF
    Type
    Office
    Contact us

    Suite 250N $18 /Mo

    Size
    2,618 SF
    Type
    Office
    Contact us

    Suite 740S $18 /Mo

    Size
    1,432 SF
    Type
    Office
    Reception, 4 Private Offices, 1 Conference Room. Lease is Plus Electric
    Contact us

    Suite 200S $18 /Mo

    Size
    15,136 SF
    Type
    Office
    Contact us

    Suite 1000N $17 /Mo

    Size
    19,275 SF
    Type
    Office
    Plug and play call center with 77 workstations in place
    Contact us

    Suite 200N $18 /Mo

    Size
    18,371 SF
    Type
    Office
    Contact us

    Suite 500S $18 /Mo

    Size
    11,172 SF
    Type
    Office
    Contact us

    Suite 600N $18 /Mo

    Size
    10,028 SF
    Type
    Office
    Contact us

    Suite 900N $18 /Mo

    Size
    19,275 SF
    Type
    Office
    Contact us

    Suite 910S $18 /Mo

    Size
    8,134 SF
    Type
    Office
    Contact us

    Suite 130M $18 /Mo

    Size
    12,468 SF
    Type
    Office
    Contact us
    Show more

    We can help!

    Listing Contact
    Matthew Cheney

    Listing agent Matthew Cheney License #0813152

    Listing office TXRE Properties LLC

    Listing date Apr 26, 2021

    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 TXRE Properties LLC

    Overview

    Class A Office Towers

    Ricchi Towers consists of two interconnected 11-story office towers, connected by a mezzanine and concourse level. Each building offers 224,500 square feet, totaling 449,000 square feet of Class A space. The property features on-site security, a fitness center, a deli, tenant conference facilities, covered and surface parking, and dual electric feeds from separate substations. Located 15 minutes from Downtown Dallas and DFW International Airport, and 5 minutes from LBJ Freeway and Dallas Love Field Airport, Ricchi Towers is positioned in the heart of the Dallas Metroplex.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Collin
    State
    Texas
    Longitude
    -96.8263141
    Latitude
    32.7634156

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    FAQs

    What type of property is this?
    Office building - Two interconnected 11-story office towers with amenities.
    Where is this office building located?
    The property is located at 8585 N Stemmons Dallas, TX.
    What are key features of this property?
    This property features: 449,000 SF of Class A office space in the Dallas Metroplex; Excellent location: 15 minutes from Downtown Dallas and DFW International Airport, 5 minutes from LBJ Freeway; On‑site amenities include security, fitness center, deli, and tenant conference facilities
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Matthew Cheney
    Real Estate License ID: 0813152
    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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