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    8700 Stemmons Fwy Dallas, TX 75247

    Sponsored
    For Lease
    $15 SF/Yr

    Dallas Office Building: Multiple Suites Available

    Lot size:
    250,963 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    400
    This Class A, four-story office building at 8700 N Stemmons Fwy in Dallas, Texas offers 250,963 square feet of versatile space. Currently, 80,487 square feet is vacant, divisible into units ranging from 978 to 34,405 contiguous square feet. Suitable for various office uses including executive, traditional, medical, creative, coworking, and call center operations, the building boasts a unique indoor atrium with bench seating and skylights, creating a comfortable common area. Built in 1972 and renovated in 2014, the property provides ample amenities, including on-site property management, engineering, and 24/7 security. A convenient deli and covered parking garage (1514 spaces) are also available. Its prime location on I-35 East offers easy access, situated 3.5 miles from Dallas Love Field and 15 minutes from DFW Airport. Dallas County location and zip code 75247. This exceptional property presents a rare opportunity for businesses seeking high-quality office space in a desirable Dallas location.

    Property Features for 8700 Stemmons Fwy

    General Information

    Property type
    Coworking space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    250,963 SF
    Class
    A
    Total Rate
    313703.75

    Building Details

    Year Built/Renovated
    1972/2014
    Stories
    4

    Unit(s) available at that property

    Space
    Suite 128
    Size
    3,202 SF
    Rate per SF
    $15
    Space
    Suite 190
    Size
    2,181 SF
    Rate per SF
    $15
    Space
    Suite 455
    Size
    4,007 SF
    Rate per SF
    $15
    Space
    Suite 450
    Size
    7,691 SF
    Rate per SF
    $15
    Space
    Suite 403
    Size
    1,236 SF
    Rate per SF
    $15
    Space
    Suite 138
    Size
    1,316 SF
    Rate per SF
    $15
    Space
    Suite 200S
    Size
    34,405 SF
    Rate per SF
    $15
    Space
    Suite 407
    Size
    6,065 SF
    Rate per SF
    $15
    Space
    Suite 180
    Size
    1,647 SF
    Rate per SF
    $15
    Space
    Suite 414
    Size
    3,677 SF
    Rate per SF
    $15
    Space
    Suite 191
    Size
    1,884 SF
    Rate per SF
    $15

    HighLights

    • Class A, four‑story office building totaling 250,963 square feet with 80,487 square feet of divisible vacant space (978‑34,405 SF).
    • Indoor atrium with bench seating and skylights.
    • 24/7 security and on‑site property management.
    • Covered parking garage with 1514 spaces.
    • Located on I‑35E, 3.5 miles from Dallas Love Field and 15 minutes from DFW Airport.
    Property Profile Location Intelligence

    Current Use by Public Records

    Integrity Document Services ... Business Management Consultant Texas DFPS Department Of Social Services Lundy Services Dry Wall Contractor Etech Global Services Call Center Texas State Office ... State Government Office

    Suggested Use

    Restaurant Realty agency Spa & Massage Dental Office Building Supply Law Firm Wholesale Shop 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
    Dallas
    State
    Texas
    Longitude
    -96.8725457
    Latitude
    32.8312102

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    FAQs

    What type of property is this?
    Coworking space - Dallas Office Building: Multiple Suites Available
    Where is this coworking space located?
    The property is located at 8700 Stemmons Fwy Dallas, TX.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: Class A, four-story office building totaling 250,963 square feet with 80,487 square feet of divisible vacant space (978-34,405 SF).; Indoor atrium with bench seating and skylights.; 24/7 security and on-site property management.
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    8700 Stemmons Fwy Dallas, TX 75247
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    Dallas, TX 75247
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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.

    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
    8700 Stemmons Fwy Dallas, TX 75247
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