Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    16610 Westgrove Dr Dallas, TX 75248
    Back to Search
    Property profile & analytics

    16610 Westgrove Dr Dallas, TX 75248

    View on Map
    • Office properties & Spaces
    • 82,144 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office properties & Spaces

    Property Details for 16610 Westgrove Dr

    Property size
    82,144 SF
    Property type
    Office properties & Spaces

    Description

    Bent Tree Plaza offers exceptional executive office space in the heart of Dallas, Texas. This three-building complex, located at 16610, 16660 Dallas Parkway & 4950 Westgrove Drive, zip code 75248, boasts a total of 82,144 square feet of prime office space within Dallas County. Currently, there are multiple suites available for lease, ranging from a minimum of 1,995 square feet to a maximum contiguous space of 3,812 square feet. A total of 5,807 square feet is currently vacant and ready for immediate occupancy. The property is ideal for businesses seeking flexible and prestigious office accommodations. The location provides easy access to major transportation routes and amenities. Each suite is designed to meet the needs of modern businesses, offering a professional and productive work environment. The property's executive office subtype caters to businesses requiring a sophisticated and high-quality workspace. Interested parties are encouraged to inquire about available space and lease terms. This is a unique opportunity to secure a prominent location in a thriving Dallas business district. The property is categorized as an office building with multiple tenancies.

    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
    -96.8223
    Latitude
    32.9753

    Comparable in this City

    • Value Estimation by Request
      28,266 SF

      16660 Dallas Pkwy

      Office properties & Spaces • 28,266 SF
      16660 Dallas Pkwy, Dallas, TX 75248
      View Details
    • Value Estimation by Request
      2,300 SF

      6220 Campbell Rd

      Medical Office Space • 2,300 SF
      6220 Campbell Rd, Dallas, TX 75248
      View Details
    • Value Estimation
      $2,045,000
      23,266 SF

      15443 Knl Trl Dr

      OFFICE BUILDING • 23,266 SF
      15443 Knl Trl Dr, Dallas, TX 75248-3469
      View Details
    • Value Estimation
      $2,695,000
      35,720 SF

      16200 Dallas Pkwy

      OFFICE BUILDING • 35,720 SF
      16200 Dallas Pkwy, Dallas, TX 75248-2624
      View Details
    • Value Estimation by Request
      1,594 SF

      17000 Preston Rd, Unit 410

      OFFICE BUILDING • 1,594 SF
      17000 Preston Rd, Dallas, TX 75248-1224
      View Details
    • Value Estimation by Request
      1,047 SF

      17000 Preston Rd, Unit 430

      OFFICE BUILDING • 1,047 SF
      17000 Preston Rd, Dallas, TX 75248-1224
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      34,520 SF

      North Dallas Two-Story Office Building

      34,520 SF office building in high-demand North Dallas corridor.
      16250 Knoll Trail Dr, Dallas, TX 75248
      View Details
    • Contact for pricing
      61,356 SF

      Stabilized Office Building For Sale

      Stabilized office building with strong tenants and long-term occupancy.
      16980 Dallas Pkwy, Dallas, TX 75248
      View Details
    • $750,000
      Pending

      Upscale Professional Office For Sale

      Single-story office with high ceilings, natural light, and ample parking.
      6220 Campbell Rd, Dallas, TX 75248
      View Details
    • Contact for pricing
      34,520 SF

      Dallas Office Building For Sale

      Office building with 34,520 square feet of space.
      16250 Knoll Trail Dr, Dallas, TX 75248
      View Details
    • $575,000
      3,008 SF

      Dallas Duplex: Investment or Owner-Occupancy

      Well-maintained duplex in North Dallas, ideal for investors or owners.
      15543 El Estado Dr, Dallas, TX 75248
      View Details
    • $595,000
      3,008 SF

      Desirable North Dallas Duplex

      Well-maintained duplex in North Dallas, ideal for investors/owner-occupants.
      15543 El Estado Dr, Dallas, TX 75248
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Office Space For Lease

      Office space available for lease in Dallas, Texas.
      15660 N Dallas Pkwy, Dallas, TX 75248
      View Details
    • Contact for pricing
      30,913 SF

      Class A Office Space

      Ten-story office building in Addison Circle with on-site amenities.
      15601 Dallas Pkwy, Dallas, TX 75248
      View Details
    • Contact for pricing

      Office Space for Lease

      Office space available for lease at 15400 Knoll Trail.
      15400 Knoll Trail Dr, Dallas, TX 75248
      View Details
    • Contact for pricing

      Dallas Parkway Office Space Available

      Office spaces available for lease on Dallas Parkway.
      16660 Dallas Pkwy, Dallas, TX 75248
      View Details
    • Contact for pricing
      2,006 SF

      Dallas Parkway Office Space Available

      Office space for rent with easy highway access.
      17060 Dallas Pkwy, Dallas, TX 75248
      View Details
    • Contact for pricing
      8,639 SF

      Class A Office Space Available

      Class A office space for rent in Dallas, Texas.
      16400 Dallas Pkwy, Dallas, TX 75248
      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.
    16610 Westgrove Dr
    Dallas, TX 75248
    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
    16610 Westgrove Dr, Dallas, TX, 75248
    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!