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    8700 Stemmons Fwy Dallas, TX 75247

    • Office buildings
    • 270,436 SF
    • 8.30 lot acres
    For Lease
    View listing
    $15 SF/Yr
    Value Estimations
    $1,085,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3050868
    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

    • Integrity Document Services LLC / Business Management Consultant
    • Texas DFPS / Department Of Social Services / State Government Office
    • Lundy Services / Dry Wall Contractor
    • Etech Global Services / Call Center
    • Texas State Office of Administrative Hearings / State Government Office

    Property Details for 8700 Stemmons Fwy

    Year built
    1972
    Construction
    FRAME
    Lot size
    8.30 lot acres
    Property size
    270,436 SF
    Zone code
    Z151
    Property type
    Office buildings
    APN
    576114000000
    APU
    576114000000

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,090,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.8731
    Latitude
    32.8315
    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
    $263,568
    $5,422,500
    $6,063,050
    $11,485,550
    -
    $5,422,500
    $6,063,050
    $11,485,550

    Comparable in this City

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      8828 Stemmons Fwy

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      View Details
    • Value Estimation
      $770,000
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      8435 Stemmons Fwy

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      3000 Pegasus Park Drtwra

      OFFICE BUILDING • 576,985 SF
      3000 Pegasus Park Drtwra, Dallas, TX 75247-6203
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      8303 Elmbrook Dr

      OFFICE BUILDING • 60,262 SF
      8303 Elmbrook Dr, Dallas, TX 75247-4011
      View Details
    • Value Estimation
      $545,000
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      4525 Leston St

      OFFICE BUILDING • 5,406 SF
      4525 Leston St, Dallas, TX 75247-5709
      View Details
    • Value Estimation
      $1,100,000
      161,744 SF

      1420 Mockingbird Ln

      OFFICE BUILDING • 161,744 SF
      1420 Mockingbird Ln, Dallas, TX 75247-4931
      View Details

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      Industrial Property in Dallas, Texas

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      Commercial Land with Concrete Slab

      Commercial land featuring concrete slab, fencing, and security lighting.
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      Renovated Warehouse with Cross-Dock

      Renovated warehouse featuring cross-dock, fenced storage, and updated office.
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    Similar Nearby for Lease

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      Stemmons Freeway Office Space

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      Brookriver Drive Office Space Available

      Office space for rent with on-site amenities and freeway access.
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      View Details
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      Mockingbird Lane Office Space

      Dallas, TX Class A Office Building
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      View Details
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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.

    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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