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    Professional Office Spaces For Rent Title is generated by Realmo AI

    1721 E Southlake Blvd, Southlake, TX 76092

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    Professional office spaces available in Southlake, TX.

    Type:Office
    Property size:
    1,920 SF
    Added:
    Jun 9, 2024
    Days on Market:
    727
    Last Refresh:
    May 12 at 11:54 pm

    Property Features for 1721 E Southlake Blvd

    General Information

    Standard status
    Active
    Size
    1,920 SF
    Property subtype
    Office

    Building Details

    Year Built
    1985

    Spaces For Lease

    at 1721 E Southlake Blvd Contact us

    1725 E Southlake Blvd Suite 250 $21/Mo

    Size
    1,062 SF
    Type
    Office
    Move-in ready space with 1 small office and 1 large office which would work well...
    show more
    Contact us

    1725 E Southlake Blvd Suite 290 $21/Mo

    Size
    690 SF
    Type
    Office
    Move-in ready space
    Contact us

    We can help!

    Listing Contact
    Jim Kelley

    Listing agent Jim Kelley License #TX 0845742

    Listing office Champions DFW Commercial Realty

    Listing date Jun 9, 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 Champions DFW Commercial Realty

    HighLights

    • Prime location: Just one block from Southlake Town Square.
    • Flexible space: Suites range from ±587‑1,920 SF, suitable for various office sizes.
    • All utilities included in NNN.
    • Recently renovated suites.
    • Building monument signage available.
    • Ample parking and common area amenities (break room, restroom).

    Overview

    Located at 1721, 1723 & 1725 E Southlake Blvd. in Southlake, TX, these professional office spaces range from approximately 587 to 1,920 square feet. The suites have been recently renovated. All utilities are included in the NNN. The property is located one block from Southlake Town Square. Building monument signage is available. Ample parking is provided. Common area amenities include a break room and restroom.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Law Firm Building Supply Dental Office Real Estate Agency Big Box & Wholesale Store Auto Repair Shop Spa & Massage Center Hotel & Motel Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Southlake
    County
    Tarrant
    State
    Texas
    Longitude
    -97.1244977
    Latitude
    32.9403188

    Nearby Similar for Lease

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      Southlake Office Lease Opportunity

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      Fully Furnished Private Office Suites

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      Light Industrial Flex Unit

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      Fully Furnished Private Office Suite

      Private offices come fully furnished with reception, utilities, parking, and shared conference access for flexible work arrangements.
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    • $3,000/Mo

      Fully Furnished Private Office Suites

      Turnkey offices with receptionist, utilities, janitorial, and conference room access for a flexible business workspace.
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    • $5,100/Mo

      Fully Furnished Private Office Suites

      Turnkey private offices with onsite receptionist, utilities, parking, and conference access, plus 24/7 fitness and business phone lines.
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    • $36 SF/Yr

      Turn-Key Furnished Office Suite

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    • $17 SF/Yr

      Renovated Office Suite with Lobby

      Front-of-building office suite offers private offices, a break room, and a prominent reception/lobby area with ample parking.
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      View Details

    FAQs

    What type of property is this?
    Office units - Professional office spaces available in Southlake, TX.
    Where is this office units located?
    The property is located at 1721 E Southlake Blvd Southlake, TX.
    What is the lease rate?
    The lease rate is $21 SF/Yr.
    What are key features of this property?
    This property features: Prime location: Just one block from Southlake Town Square.; Flexible space: Suites range from ±587‑1,920 SF, suitable for various office sizes.; All utilities included in NNN.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jim Kelley
    Real Estate License ID: TX 0845742
    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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