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

    1220 River Bend Dr Dallas, TX 75247

    • Office buildings
    • 41,858 SF
    • 2.14 lot acres
    For Lease
    View listing
    $6 SF/Yr
    Value Estimations
    $1,115,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-5402625
    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

    • Pa maiquetía Restaurant / Restaurant
    • Regus / Coworking Space / Business Center
    • Eso y Mas Esthetics / Waxing Hair Removal Service / Beautician
    • AAASAP TAX / Consultant
    • Kukulcan Mexican Restaurant / Mexican Restaurant

    Property Details for 1220 River Bend Dr

    Year built
    1979
    Construction
    FRAME
    Lot size
    2.14 lot acres
    Property size
    41,858 SF
    Zone code
    Z151
    Property type
    Office buildings
    APN
    778109550200
    APU
    778109550200

    Description

    Located at 1220 River Bend Drive in Dallas, Texas, 75247, HQ - The Plaza at River Bend offers a diverse range of office solutions in Dallas County. This property caters to various business needs, providing traditional office spaces, executive suites, coworking areas, and creative office environments. Tenancy is multiple, allowing for flexibility in space requirements. The available options range from single-person offices to large-scale spaces accommodating over 100 desks, all fully customizable to meet specific business demands. Services extend beyond simple office rentals, encompassing fully furnished and equipped private offices, serviced offices, custom office spaces, disaster recovery spaces, and day offices. Coworking options include both dedicated desks and hot-desking arrangements. Meeting rooms are available for short-term or long-term bookings, equipped with Wi-Fi and presentation capabilities. Virtual office packages are also offered, including prestigious business addresses, mail handling, and virtual assistant services. Flexible working plans provide access to a global network of workspaces, allowing for seamless transitions between locations. The property's design fosters collaboration and productivity, creating an inspiring work environment. While the total building square footage is not specified, the available office spaces range from small to very large, accommodating a wide spectrum of business sizes and needs. Inquire today to explore the possibilities and find the perfect workspace to suit your company's requirements.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $870,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,359,000
      Market price range: $535k - $5.71M

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.8635
    Latitude
    32.8162
    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
    $52,321
    $1,260,560
    $1,019,440
    $2,280,000
    -
    $1,260,560
    $1,019,440
    $2,280,000

    Comparable in this City

    • Value Estimation
      $1,070,000
      83,752 SF

      1140 Empire Central Dr

      OFFICE BUILDING • 83,752 SF
      1140 Empire Central Dr, Dallas, TX 75247-4322
      View Details
    • Value Estimation
      $975,000
      480,002 SF

      1341 Mockingbird Ln

      OFFICE BUILDING • 480,002 SF
      1341 Mockingbird Ln, Dallas, TX 75247-6913
      View Details
    • Value Estimation
      $520,000
      12,752 SF

      8855 Stemmons Fwy

      OFFICE BUILDING • 12,752 SF
      8855 Stemmons Fwy, Dallas, TX 75247-3705
      View Details
    • Value Estimation
      $635,000
      57,900 SF

      8101 Stemmons Fwy

      OFFICE BUILDING • 57,900 SF
      8101 Stemmons Fwy, Dallas, TX 75247-4103
      View Details
    • Value Estimation
      $1,090,000
      270,436 SF

      8700 Stemmons Fwy

      OFFICE BUILDING • 270,436 SF
      8700 Stemmons Fwy, Dallas, TX 75247-3729
      View Details
    • Value Estimation
      $740,000
      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
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      Office Space in Dallas, TX

      Office property located at 1450 Empire Central, Dallas, TX.
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      Development Opportunity Near Highway 183

      Land parcel suitable for development, convenient to DFW and Love Field.
      9800 Stemmons Fwy, Dallas, TX 75247
      View Details
    • Contact for pricing
      11,000 SF

      Dallas Industrial Property For Sale

      Industrial property featuring 11,000 square feet of space in Dallas.
      7707 Sovereign Row, Dallas, TX 75247
      View Details
    • Contact for pricing
      12,600 SF

      Dallas Industrial Research Property

      Industrial property in Dallas, Texas, with research zoning.
      5131 Sharp St, Dallas, TX 75247
      View Details
    • $3,950,000
      21,550 SF

      Dallas Warehouse: Prime Investment Opportunity

      High-yield warehouse, 21,550 SF, excellent location.
      9030 Viscount Row, Dallas, TX 75247
      View Details

    Similar Nearby for Lease

    • $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
    • $7,300 /Mo
      133,511 SF

      Renovated Office Building on Mockingbird

      Class A office building with recent renovations and convenient location.
      1250 W Mockingbird Ln, Dallas, TX 75247
      View Details
    • $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
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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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