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

    11482 Luna Rd Farmers Branch, TX 75234-9420

    • Office buildings
    • 21,120 SF
    • 1.88 lot acres
    OFF-MARKET
    Value Estimations
    $1,175,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2678358
    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

    • Office buildings

    Property Details for 11482 Luna Rd

    Year built
    1981
    Construction
    TILT-UP CONCRETE
    Lot size
    1.88 lot acres
    Property size
    21,120 SF
    Zone code
    Z236
    Property type
    Office buildings
    APN
    24109650000000000
    APU
    24109650000000000

    Description

    Westwood Business Park, located at 11482 & 11488 Luna Road in Farmers Branch, Texas, 75234, offers exceptional warehouse space in Dallas County. This industrial property comprises a 227,077 square foot multi-tenant business park situated at the corner of Royal Lane and Luna Road, providing convenient access to major transportation arteries, including I-635 and I-35E. The park's strategic location also ensures proximity to executive housing, making it an attractive option for businesses seeking a blend of accessibility and a desirable employee commute. Currently, there are multiple warehouse spaces available, with a minimum divisible space of 5,511 square feet and a maximum contiguous space of 11,033 square feet. A total of 31,953 square feet is currently vacant. The buildings boast attractive features including ceiling heights ranging from 12 to 16 feet and floor-to-ceiling windows that allow for ample natural light. This well-maintained business park presents a compelling opportunity for businesses seeking high-quality warehouse space in a prime Dallas County location. The property consists of twelve buildings in total.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $895,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,454,000
      Market price range: $335k - $2.90M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,680,000
      Current use
      MEDICAL BUILDING
      $1,890,000
      Change: +13% Conversion: Easy
      COMMERCIAL (GENERAL)
      $1,460,000
      Change: -13% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Farmers Branch
    County
    Dallas
    State
    Texas
    Longitude
    -96.9178
    Latitude
    32.8983
    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
    $45,006
    $777,980
    $1,367,370
    $2,145,350
    -
    $777,980
    $1,367,370
    $2,145,350

    Comparable in this City

    • Value Estimation
      $1,750,000
      46,000 SF

      2427 Carrick St

      OFFICE BUILDING • 46,000 SF
      2427 Carrick St, Farmers Branch, TX 75234-5815
      View Details
    • Value Estimation
      $10,060,000
      189,088 SF

      11511 Luna Rd

      OFFICE BUILDING • 189,088 SF
      11511 Luna Rd, Farmers Branch, TX 75234-6449
      View Details
    • Value Estimation
      $12,395,000
      100,000 SF

      1801 Wittington Pl

      OFFICE BUILDING • 100,000 SF
      1801 Wittington Pl, Farmers Branch, TX 75234-1993
      View Details
    • Value Estimation
      $625,000
      9,903 SF

      14400 Josey Ln

      OFFICE BUILDING • 9,903 SF
      14400 Josey Ln, Farmers Branch, TX 75234-2037
      View Details
    • Value Estimation by Request
      1,251 SF

      13205 Br Vw Ln

      OFFICE BUILDING • 1,251 SF
      13205 Br Vw Ln, Farmers Branch, TX 75234-5714
      View Details
    • Value Estimation
      $3,735,000
      97,361 SF

      1800 Vly Vw Ln

      OFFICE BUILDING • 97,361 SF
      1800 Vly Vw Ln, Farmers Branch, TX 75234-8922
      View Details

    Similar Nearby for Sale

    • $2,249,000
      0.68 Acres

      Renovated Office Building For Sale

      Renovated office building in high-traffic area of Farmers Branch, TX.
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      49,870 SF

      LBJ Freeway Mixed-Use Property

      Dallas, TX: 49,870 SF Mixed-Use Opportunity
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      Farmers Branch Office Condo

      Prime Office Space, Excellent Location
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    • $1,100,000
      4,860 SF

      Farmers Branch Bio-Tech/Lab Space

      4,860 SF bio-tech/lab space with signage and kitchen.
      2567 Valley View Ln, Farmers Branch, TX 75234
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      50,844 SF

      Corners Shopping Center: Prime Retail Space

      Farmers Branch, TX Restaurant Retail Opportunity
      2825 Valley View Ln, Farmers Branch, TX 75234
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    • Contact for pricing

      Prime Land Near Dallas Medical

      0.57-acre land ideal for retail, office, or medical use.
      12004 Webb Chapel Rd, Farmers Branch, TX 75234
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    Similar Nearby for Lease

    • Contact for pricing
      13,851 SF

      Office Space in Four Hickory

      Office space for lease in a park-like setting.
      1755 Wittington Pl, Farmers Branch, TX 75234
      View Details
    • $23 SF/Yr
      31,724 SF

      Office Space in Farmers Branch

      Office space for lease in a mixed-use development.
      11701 Luna Rd, Farmers Branch, TX 75234
      View Details
    • $12 SF/Yr
      66,299 SF

      Park Forest Office: Dallas, TX

      Prime Dallas Office Space: Multiple Suites Available
      3530 Forest Ln, Dallas, TX 75234
      View Details
    • $20 SF/Yr
      181,072 SF

      Two Colinas Crossing Office Space

      Class A Office, Las Colinas, Multiple Suites Available
      11511 Luna Rd, Farmers Branch, TX 75234
      View Details
    • Contact for pricing
      167,859 SF

      Ford Road Office Complex

      Dallas Office Space: Prime Location, Modern Amenities
      12200 Ford Rd, Dallas, TX 75234
      View Details
    • $18 SF/Yr
      33,029 SF

      Office Space with Amenities

      Office space available for rent with tenant amenities.
      11511 Luna Rd, Dallas, TX 75234
      View Details
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    11482 Luna Rd
    Farmers Branch, TX 75234-9420
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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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