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    Property profile & analytics

    13333 Midway Rd Farmers Branch, TX 75244

    • Banks
    • 2,977 SF
    • 0.85 lot acres
    For Lease
    View listing
    $27 SF/Yr
    Value Estimations
    $340,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3559170
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Banks

    Property Details for 13333 Midway Rd

    Year built
    1984
    Construction
    STEEL FRAME
    Lot size
    0.85 lot acres
    Property size
    2,977 SF
    Zone code
    Z236
    Property type
    Banks
    APN
    240425500D0010000
    APU
    240425500D0010000

    Description

    This single-tenant, 3,167-square-foot Class B office building is available for lease in Farmers Branch, Texas. Built in 1980 and renovated in 2000, the property features a convenient one-story design. The space is ideal for a variety of uses and includes four window offices, a vault, and a break area. The building also boasts a drive-up ATM, three drive-thru teller lanes, one drive-up commercial lane, and fifteen outdoor parking spaces. Located at 13333 Midway Road, zip code 75244, this property offers excellent accessibility to major thoroughfares, including I-635 and the Dallas North Tollway. The location is part of an eleven-building campus known as The Centre, which features a picturesque spring-fed lake within a park-like setting. Nearby amenities include a variety of shopping and dining options, such as Starbucks, In-N-Out Burger, Walmart, Target, and the Dallas Galleria Shopping Center. The property offers 5.5 parking spaces per 1000 square feet. This standalone building presents a unique opportunity for businesses seeking a well-maintained office space in a desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $415,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $260,000
      Market price range: $260k - $457k

    • Alternative Use

      Use
      Estimation
      FINANCIAL BUILDING
      $345,000
      Current use
      AUTO REPAIR, GARAGE
      $345,000
      Change: +1% Conversion: Difficult
      RETAIL STORES
      $310,000
      Change: -9% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Farmers Branch
    County
    Dallas
    State
    Texas
    Longitude
    -96.8394
    Latitude
    32.9282
    CBSA code
    19100
    CBSA name
    DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $18,696
    $445,150
    $446,040
    $891,190
    -
    $445,150
    $446,040
    $891,190

    Comparable in this City

    • Value Estimation
      $325,000
      7,128 SF

      5200 Frst Ln

      FINANCIAL BUILDING • 7,128 SF
      5200 Frst Ln, Dallas, TX 75244-8001
      View Details
    • Value Estimation
      $680,000
      6,311 SF

      13301 Midway Rd

      FINANCIAL BUILDING • 6,311 SF
      13301 Midway Rd, Farmers Branch, TX 75244-5121
      View Details
    • Value Estimation
      $325,000
      1,640 SF

      4102 Spg Vly Rd

      FINANCIAL BUILDING • 1,640 SF
      4102 Spg Vly Rd, Farmers Branch, TX 75244-3614
      View Details
    • Value Estimation
      $885,000
      7,624 SF

      13601 Midway Rd

      FINANCIAL BUILDING • 7,624 SF
      13601 Midway Rd, Dallas, TX 75244-4304
      View Details
    • Value Estimation
      $610,000
      4,104 SF

      5310 Frst Ln

      FINANCIAL BUILDING • 4,104 SF
      5310 Frst Ln, Dallas, TX 75244-8005
      View Details
    • Value Estimation
      $350,000
      3,490 SF

      3725 Frst Ln

      FINANCIAL BUILDING • 3,490 SF
      3725 Frst Ln, Dallas, TX 75244-7127
      View Details

    Similar Nearby for Sale

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      Remodeled PetSuites on Midway Road

      Remodeled PetSuites in Farmers Branch, TX with long-term NNN lease.
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      Multi-Tenant Flex Space Available

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      Prime Commercial Pad Site

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      Dallas Flex Space For Sale

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      Distribution property with convenient access and visibility available for sale.
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    Similar Nearby for Lease

    • $18 SF/Yr
      2,107 SF

      Retail Space on Inwood Road

      Retail space available for lease in Dallas, Texas.
      14221-14239 Inwood Rd, Dallas, TX 75244
      View Details
    • $12 SF/Yr
      26,376 SF

      Spring Valley Rd Premier Space

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      View Details
    • Contact for pricing
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      Freestanding Retail Building For Rent

      Freestanding retail building with easy access in a great location.
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      View Details
    • Contact for pricing
      2,082 SF

      Retail/Restaurant Space Near Galleria Dallas

      First floor retail or restaurant space in mixed-use development.
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      View Details
    • $15 SF/Yr
      1,450 SF

      Retail and Office Showroom Space

      Retail and office showroom space in a vibrant commercial area.
      14446-14468 Midway Rd, Dallas, TX 75244
      View Details
    • $16 SF/Yr
      3,360 SF

      Retail and Office Flex Space

      Prime retail and office flex space near Dallas commercial district.
      4887 Alpha Rd, Dallas, TX 75244
      View Details
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    13333 Midway Rd
    Farmers Branch, TX 75244
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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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