Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5851 Legacy Cir Dallas, TX 75204
    Back to Search
    Property profile & analytics

    5851 Legacy Cir Dallas, TX 75204

    View on Map
    • Office properties & Spaces
    • 26,235 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office properties & Spaces

    Property Details for 5851 Legacy Cir

    Property size
    26,235 SF
    Property type
    Office properties & Spaces
    Property subtype
    Office Units

    Description

    This Class A office building, located at 5851 Legacy Circle, 6th Floor, Dallas, TX 75204, in Dallas County, offers 26,235 square feet of versatile space. The property features executive office suites, coworking areas, and creative office options, catering to diverse business needs. Units range from a minimum of 10 square feet to a maximum contiguous space of 1,300 square feet, with a total of 350 suites. Currently, 5,970 square feet are vacant. Renovated in 2019, the building includes elevators and is conveniently situated in the Shops at Legacy, offering easy access to numerous amenities, including restaurants, shops, and entertainment venues like the Angelika Film Centre & Café. Its prime location at the corner of Legacy and Bishop provides excellent visibility and accessibility, with nearby bus stops and easy access to major tollways. The area is a thriving business hub, home to major corporations such as JCPenney and Ericsson, making it an ideal location for businesses of all sizes. This property presents a unique opportunity to establish a presence in a highly desirable and well-connected Plano location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.7869
    Latitude
    32.7995

    Comparable in this City

    • Value Estimation by Request
      7,125 SF

      2707 State St

      Office properties & Spaces • 7,125 SF
      2707 State St, Dallas, TX 75204
      View Details
    • Value Estimation by Request
      1,528 SF

      4516 Ross Ave

      OFFICE (GENERAL) • 1,528 SF
      4516 Ross Ave, Dallas, TX 75204-4912
      View Details
    • Value Estimation by Request
      300 SF

      4512 Ross Ave

      OFFICE (GENERAL) • 300 SF
      4512 Ross Ave, Dallas, TX 75204-4912
      View Details
    • Value Estimation by Request
      800 SF

      4522 Ross Ave

      OFFICE (GENERAL) • 800 SF
      4522 Ross Ave, Dallas, TX 75204-4912
      View Details
    • Value Estimation by Request

      2710 Floyd St

      Medical Office Space
      2710 Floyd St, Dallas, TX 75204
      View Details
    • Value Estimation by Request
      4,604 SF

      4405-4407 Belmont Ave

      Flex space • 4,604 SF
      4405-4407 Belmont Ave, Dallas, TX 75204
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,656 SF

      Versatile Commercial Building Near Deep Ellum

      6,656 SF building near Deep Ellum, suitable for various uses.
      1801 S Good Latimer Expy, Dallas, TX 75204
      View Details
    • $1,500,000
      0.31 Acres

      Versatile Multi-Structure Property in Dallas

      Unique property with studio, outbuilding, and parking in central Dallas.
      4112 Swiss Ave, Dallas, TX 75204
      View Details
    • $1,500,000
      0.31 Acres

      Versatile Multi-Structure Property in Dallas

      Unique property with studio, outbuilding, and parking in central Dallas.
      4112 Swiss Ave, Dallas, TX 75204
      View Details
    • Contact for pricing

      Downtown Dallas Multi-Functioning Commercial Studio

      Rare commercial studio with editing suites, offices, studios, and living.
      2909 San Jacinto St, Dallas, TX 75204
      View Details
    • Contact for pricing
      11,944 SF

      Two-Story Asset in Old East Dallas

      Redevelopment opportunity in a rapidly transitioning Dallas submarket.
      2705 Swiss Ave, Dallas, TX 75204
      View Details
    • $4,900,000
      0.41 Acres

      Downtown Dallas Multifunctional Commercial Studio

      Rare commercial studio with editing suites, offices, and living quarters.
      2909 San Jacinto St, Dallas, TX 75204
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Plano Shops at Legacy

      Discover many ways to work your way in Plano Shops at Legacy
      5851 Legacy Cir, Plano, TX 75204
      View Details
    • Contact for pricing

      TX, Dallas - Uptown

      Discover many ways to work your way in TX, Dallas - Uptown
      3232 Mckinney Ave, Dallas, TX 75204
      View Details
    • Contact for pricing

      TX, Dallas - Ross Ave

      Workspaces, services and support to help you work better in John Hancock Center
      3008 Ross Ave, Dallas, TX 75204
      View Details
    • Contact for pricing

      Legacy Drive Co-working Space

      Prime Plano location with high-speed Wi-Fi and modern amenities.
      5851 Legacy Cir, Dallas, TX 75204
      View Details
    • Contact for pricing
      3,000 SF

      Furnished Office Space Available

      Fully-furnished coworking space with shared amenities and utilities included.
      2626 Cole Ave, Dallas, TX 75204
      View Details
    • Contact for pricing
      32,844 SF

      European Style Office Space

      Office space featuring European architectural style with balconies.
      2699 Howell St, Dallas, TX 75204
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5851 Legacy Cir
    Dallas, TX 75204
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5851 Legacy Cir, Dallas, TX, 75204
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!