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    1430 Empire Central Dr Dallas, TX 75247

    Sponsored
    For Lease
    $17 SF/Yr

    Executive suites & coworking spaces available.

    Lot size:
    160,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    404
    Empire Plaza, located at 1430-1440 Empire Central Drive in Dallas, Texas (zip code 75247), offers a prime opportunity for businesses seeking executive office suites or coworking spaces. This four-story building boasts a total of 160,000 square feet, with 40,000 square feet currently available. Flexible space options range from 5,000 to 20,000 square feet, catering to various business needs. The property is zoned MU3 and situated in Dallas County, providing convenient access to major transportation arteries. The Stemmons Freeway submarket location offers immediate access to I-35e and the John W. Carpenter Freeway, placing the building less than 15 minutes from Downtown Dallas and Dallas Love Field Airport, and under 20 minutes from DFW International Airport. Recent capital improvements include a new EMS system, enhanced video security and access control, upgraded LED parking lot lighting, modernized elevators, improved parking areas, and the installation of AT&T fiber. Further enhancements include a new chiller system and renovated lobby. The building offers a parking ratio of 4 spaces per 1,000 square feet. This exceptional location and recent upgrades make Empire Plaza an attractive option for businesses seeking a modern and well-connected workspace in the heart of Dallas.

    Property Features for 1430 Empire Central Dr

    General Information

    Property type
    Coworking space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    160,000 SF
    Total Rate
    226666.67

    Building Details

    Stories
    4

    Unit(s) available at that property

    Space
    Suite 1430.3
    Size
    40,000 SF
    Rate per SF
    $17
    Space
    Suite 1430.4
    Size
    40,000 SF
    Rate per SF
    $17

    We can help!

    Listing Contact
    Trae Anderson
    Trae Anderson

    Learn more

    Property Insight Report

    HighLights

    • 40,000 SF of vacant space across two top floors.
    • 5,000 SF divisible units available.
    • 4:1,000 parking ratio.
    • Convenient Dart bus stop access.
    • Building signage opportunities available.
    • Fully sprinklered fire protection system.
    Property Profile Location Intelligence

    Current Use by Public Records

    Michelle Leslie MPAS ... Psychiatrist Josh Hubregsen MD Psychiatrist Kipp Pietrantonio, PhD Psychiatrist Anitha Joseph PhD Psychiatrist Annette Mancuso MSN ... Psychiatrist

    Suggested Use

    Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Daycare Center Gym & Fitness Restaurant Barber Shop Kitchen & Bath

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.8678533
    Latitude
    32.8255032

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    FAQs

    What type of property is this?
    Coworking space - Executive suites & coworking spaces available.
    Where is this coworking space located?
    The property is located at 1430 Empire Central Dr Dallas, TX.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: 40,000 SF of vacant space across two top floors.; 5,000 SF divisible units available.; 4:1,000 parking ratio.
    Request Owner's contact information
    1430 Empire Central Dr 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.

    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
    1430 Empire Central Dr Dallas, TX 75247
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    We can help!
    Listing Contact
    Trae Anderson
    Trae Anderson
    Real Estate License ID: TX
    Learn more
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