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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1120 Empire Central Pl Dallas, TX 75247-4306

    • Office buildings
    • 22,510 SF
    • 0.82 lot acres
    OFF-MARKET
    Value Estimations
    $765,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-0164701
    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

    • Abogados Manuel Solis / Immigration Attorney / Law Firm

    Property Details for 1120 Empire Central Pl

    Year built
    1970
    Construction
    FRAME
    Lot size
    0.82 lot acres
    Property size
    22,510 SF
    Zone code
    Z151
    Property type
    Office buildings
    APN
    778394250000
    APU
    778394250000

    Description

    This exceptional 9,800-square-foot office space occupies the entire second floor of a three-story, 22,500-square-foot Class B building in Dallas, Texas. Located in the Stemmons Freeway submarket of Dallas County, this property offers a prime location with convenient access to major thoroughfares, including I-35 and the John W. Carpenter Freeway. The building, renovated in 2012, features one elevator and provides a quiet office environment. The space is ideal for a variety of uses, including traditional office, executive office, or medical office settings. Tenant improvements are available to customize the space to meet specific needs. This boutique building boasts a desirable location, with numerous restaurants and retail options within a five-minute radius. Enjoy unparalleled connectivity, with Downtown Dallas just 13 minutes away, Dallas Love Field Airport a 12-minute drive, and DFW Airport reachable within 18 minutes. The property's strategic position between I-35 and 183 offers multiple access points, enhancing convenience and accessibility. Furthermore, its proximity to the Medical District (7 minutes away), a vibrant hub employing over 37,000 people and attracting millions of patient visits annually, presents a significant advantage. The property's zip code is 75247.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $720,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $813,000
      Market price range: $288k - $3.07M

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.8739
    Latitude
    32.8231
    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
    $31,313
    $215,360
    $1,149,160
    $1,364,520
    -
    $215,360
    $1,149,160
    $1,364,520

    Comparable in this City

    • Value Estimation
      $1,730,000
      83,752 SF

      1140 Empire Central Dr

      OFFICE BUILDING • 83,752 SF
      1140 Empire Central Dr, Dallas, TX 75247-4322
      View Details
    • Value Estimation
      $11,605,000
      480,002 SF

      1341 Mockingbird Ln

      OFFICE BUILDING • 480,002 SF
      1341 Mockingbird Ln, Dallas, TX 75247-6913
      View Details
    • Value Estimation
      $815,000
      12,752 SF

      8855 Stemmons Fwy

      OFFICE BUILDING • 12,752 SF
      8855 Stemmons Fwy, Dallas, TX 75247-3705
      View Details
    • Value Estimation
      $1,710,000
      57,900 SF

      8101 Stemmons Fwy

      OFFICE BUILDING • 57,900 SF
      8101 Stemmons Fwy, Dallas, TX 75247-4103
      View Details
    • Value Estimation
      $3,970,000
      270,436 SF

      8700 Stemmons Fwy

      OFFICE BUILDING • 270,436 SF
      8700 Stemmons Fwy, Dallas, TX 75247-3729
      View Details
    • Value Estimation
      $6,910,000
      208,692 SF

      8585 Stemmons Fwy

      OFFICE BUILDING • 208,692 SF
      8585 Stemmons Fwy, Dallas, TX 75247-3836
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      31,230 SF

      Dallas Office Building For Sale

      31,230 square foot office building in Dallas, Texas.
      1327 Empire Central Dr, Dallas, TX 75247
      View Details
    • Contact for pricing

      Office Space in Dallas, TX

      Office property located at 1450 Empire Central, Dallas, TX.
      1450 Empire Central, Dallas, TX 75247
      View Details
    • $300,000
      0.10 Acres

      Corner Lot in Dallas, TX

      Corner lot suitable for commercial or residential use in Dallas.
      4708 Almond Ave, Dallas, TX 75247
      View Details
    • Contact for pricing

      Commercial Land with Concrete Slab

      Commercial land featuring concrete slab, fencing, and security lighting.
      10341 N Stemmons Fwy, Dallas, TX 75247
      View Details
    • $5,611,340
      40,081 SF

      Renovated Warehouse with Cross-Dock

      Renovated warehouse featuring cross-dock, fenced storage, and updated office.
      1314 Viceroy Dr, Dallas, TX 75247
      View Details
    • $7,983,000

      Industrial Property in Dallas, Texas

      Industrial property available for sale in Dallas, Texas.
      8888 Governors Row, Dallas, TX 75247
      View Details

    Similar Nearby for Lease

    • $21 SF/Yr
      125,924 SF

      Mockingbird Lane Office Space

      Dallas, TX Class A Office Building
      1250 Mockingbird Ln, Dallas, TX 75247
      View Details
    • $17 SF/Yr
      449,000 SF

      Ricchi Towers: Premier Dallas Office Space

      Class A Dallas office space, multiple tenancies available.
      8585 Stemmons Ave, Dallas, TX 75247
      View Details
    • $6 SF/Yr
      6,249 SF

      Dallas Office Space: River Bend HQ

      Flexible Office Suites in Dallas
      1220 River Bend Dr, Dallas, TX 75247
      View Details
    • $15 SF/Yr
      250,963 SF

      8700 Stemmons Fwy Office Space

      Dallas Office Building: Multiple Suites Available
      8700 Stemmons Fwy, Dallas, TX 75247
      View Details
    • $11 SF/Yr
      67,291 SF

      The Atrium on Elmbrook Office Space

      Dallas office building, 27 suites available.
      8204 Elmbrook Dr, Dallas, TX 75247
      View Details
    • Contact for pricing
      19,000 SF

      Halifax Industrial Park Office Warehouse

      Versatile office warehouse spaces near the Design District.
      3407 Halifax St, Dallas, TX 75247
      View Details
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    Dallas, TX 75247-4306
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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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