Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1215 Ft Worth Ave Dallas, TX 75208-1608

    • Office Properties & Spaces
    • 1,977 SF
    • 0.14 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-1121824
    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

    • Metro Computer Repair / Computer Service
    • Print Quick of Dallas Inc / Commercial Printer

    Property Details for 1215 Ft Worth Ave

    Year built
    1949
    Construction
    FRAME
    Lot size
    0.14 lot acres
    Property size
    1,977 SF
    Zone code
    Z239
    Property type
    Office Properties & Spaces
    APN
    299653000000
    APU
    299653000000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.8408
    Latitude
    32.7672
    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
    2024
    $2,392
    $94,220
    $10,000
    $104,220
    -
    $94,220
    $10,000
    $104,220

    Comparable in this City

    • Value Estimation by Request
      300 SF

      655 Davis St

      OFFICE (GENERAL) • 300 SF
      655 Davis St, Dallas, TX 75208-4745
      View Details
    • Value Estimation by Request
      506 SF

      241 Commerce St

      OFFICE (GENERAL) • 506 SF
      241 Commerce St, Dallas, TX 75208-1916
      View Details
    • Value Estimation by Request
      128 SF

      310 Tyler St

      OFFICE (GENERAL) • 128 SF
      310 Tyler St, Dallas, TX 75208-6243
      View Details
    • Value Estimation by Request
      560 SF

      1025 Commerce St

      OFFICE (GENERAL) • 560 SF
      1025 Commerce St, Dallas, TX 75208-1704
      View Details
    • Value Estimation by Request
      1,920 SF

      345 Edgefield Ave

      OFFICE (GENERAL) • 1,920 SF
      345 Edgefield Ave, Dallas, TX 75208-5930
      View Details
    • Value Estimation by Request
      350 SF

      1225 Hampton Rd

      OFFICE (GENERAL) • 350 SF
      1225 Hampton Rd, Dallas, TX 75208-7709
      View Details

    Similar Nearby for Sale

    • $1,379,000
      3,447 SF

      Dallas Storefront: Prime Location

      3,447 SF Retail Space, Newly Renovated
      2330 Langford St, Dallas, TX 75208
      View Details
    • $1,375,000
      4,000 SF

      West Jefferson Boulevard Commercial Property

      Versatile commercial property in a dynamic Dallas business district.
      215 W Jefferson Blvd, Dallas, TX 75208
      View Details
    • $1,200,000
      0.15 Acres

      Dallas Office Near Bishop Arts

      Office property near Bishop Arts District, suitable for law office.
      206 Sunset Ave, Dallas, TX 75208
      View Details
    • $1,375,000

      West Jefferson Boulevard Commercial Property

      Versatile commercial property in a dynamic Dallas business district.
      215 W Jefferson Blvd, Dallas, TX 75208
      View Details
    • $2,000,000
      6,886 SF

      Single Story Office Building

      Single-story office building with high ceilings and ample parking.
      628 Centre St, Dallas, TX 75208
      View Details
    • Contact for pricing
      13,536 SF

      Grand Prairie Storefront Retail/Office Building

      Two-level retail/office building with multi-tenant potential in Grand Prairie.
      610-612 E Main St, Dallas, TX 75208
      View Details

    Similar Nearby for Lease

    • New
      $13,500 /Mo
      9,453 SF

      Modern Commercial Building in Dallas

      Two-story commercial building with flexible showroom and office space.
      446 S Tyler St, Dallas, TX 75208
      View Details
    • Contact for pricing
      6,480 SF

      Dallas Warehouse Studio Space

      Bishop Arts District Creative Hub
      518 Davis St, Dallas, TX 75208
      View Details
    • Contact for pricing
      2,960 SF

      Medical Offices in Bishop Arts

      Rare standalone medical opportunity in Dallas' vibrant Bishop Arts District.
      134 Melba St, Dallas, TX 75208
      View Details
    • $27 SF/Yr
      854 SF

      Renovated Historic Office Space

      Newly renovated office space in historic building for rent.
      351 W Jefferson Blvd, Dallas, TX 75208
      View Details
    • $22 SF/Yr
      1,083 SF

      Office Space Available For Rent

      Office space available for lease in Dallas, TX.
      1005 W Jefferson Blvd, Dallas, TX 75208
      View Details
    • $23 SF/Yr
      1,624 SF

      Office Space Available For Rent

      Office space for rent with on-site amenities in Dallas.
      400 S Zang Blvd, Dallas, TX 75208
      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.
    1215 Ft Worth Ave
    Dallas, TX 75208-1608
    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

    Google sign-in failed. Please try again or use another login method.