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    12201 Merit Dr Dallas, TX 75251
    Property profile & analytics

    12201 Merit Dr Dallas, TX 75251

    View on Map
    • Office buildings
    • 203,522 SF
    • 3.45 lot acres
    For Lease
    $14 SF/Yr
    View Listing →
    Dallas Medical Office Building For Lease
    $14 SF/Yr

    Dallas Medical Office Building

    Class A Office Space, 10 Suites Available

    12201 Merit Dr, Dallas, TX 75251
    View Listing
    Property ID
    US83-3688735
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Davenport & Epstein, P.C. / Law Firm
    • Hector Salomon New York Life - Financial Services / Insurance Agency
    • New York Life Insurance Dallas - Nicole K. Miller, Agent / Insurance Agency
    • New York Life - Wood Legacy Group, LLC / Insurance Agency
    • Kews / Radio Station / Telecommunications Service

    Property Details for 12201 Merit Dr

    Year built
    1980
    Construction
    STEEL FRAME
    Lot size
    3.45 lot acres
    Property size
    203,522 SF
    Zone code
    Z151
    Property type
    Office buildings
    APN
    007736000B02A0000
    APU
    007736000B02A0000

    Description

    Two Forest Plaza, located at 12201 Merit Dr, Dallas, TX 75251, presents a prime opportunity for businesses seeking high-quality office space. This Class A, 196,215 square foot building, constructed in 1981, offers a variety of suite sizes ranging from 2,326 to 18,573 square feet, accommodating diverse tenant needs. The property is ideally situated within the Park Central Business Park, providing convenient access to nearby hotels and restaurants. The building features a six-level covered parking garage ensuring ample parking for tenants and visitors. Additional amenities include a state-of-the-art conference center, a fully equipped fitness center, and a dedicated loading/service area for efficient operations. Tenants benefit from tenant-controlled HVAC systems, providing customized climate control. On-site management and a security guard provide peace of mind, further enhanced by an after-hours passcard security system. Two Forest Plaza has achieved the prestigious BOMA 360 designation, signifying its commitment to exceptional building management and operational excellence. This multi-tenant building offers a blend of medical and traditional office spaces, making it a versatile option for a wide range of businesses. The building's prime location, comprehensive amenities, and commitment to security and efficiency make it an attractive investment opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.7738
    Latitude
    32.9142
    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
    $579,800
    $4,513,770
    $19,404,900
    $23,918,670
    -
    $4,513,770
    $19,404,900
    $23,918,670

    Comparable in this City

    • Value Estimation
      $10,810,000
      388,743 SF

      12221 Merit Dr

      OFFICE BUILDING • 388,743 SF
      12221 Merit Dr, Dallas, TX 75251-2202
      View Details
    • Value Estimation by Request
      3,584 SF

      12222 Coit Rd, Unit 1

      OFFICE BUILDING • 3,584 SF
      12222 Coit Rd, Dallas, TX 75251-2302
      View Details
    • Value Estimation
      $7,340,000
      234,300 SF

      12404 Park Central Dr

      OFFICE BUILDING • 234,300 SF
      12404 Park Central Dr, Dallas, TX 75251-1800
      View Details
    • Value Estimation by Request
      2,750 SF

      7920 Clodus Flds Dr

      OFFICE BUILDING • 2,750 SF
      7920 Clodus Flds Dr, Dallas, TX 75251
      View Details
    • Value Estimation
      $640,000
      5,186 SF

      12300 Park Central Dr

      OFFICE BUILDING • 5,186 SF
      12300 Park Central Dr, Dallas, TX 75251-1801
      View Details
    • Value Estimation
      $1,300,000
      24,929 SF

      7995 Lyndon B Johnson Fwy

      OFFICE BUILDING • 24,929 SF
      7995 Lyndon B Johnson Fwy, Dallas, TX 75251-1275
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Dallas Office Space for Rent

      Office building near High Five Interchange with convenient access.
      12712 Park Central Dr, Dallas, TX 75251
      View Details
    • Contact for pricing

      Office Space For Lease

      Office space available for lease in Dallas, Texas.
      12700 Park Central Dr, Dallas, TX 75251
      View Details
    • $14 SF/Yr
      2,570 SF

      Renovated Office Space with Amenities

      Office space with free parking, conference center, and fitness center.
      12221 Merit Dr, Dallas, TX 75251
      View Details
    • Contact for pricing
      14,254 SF

      Lakeside Square Office Space Available

      Office space for lease in Lakeside Square, Dallas, Texas.
      12377 Merit Dr, Dallas, TX 75251
      View Details
    • Contact for pricing
      3,871 SF

      Coit Road Office Suite

      Move-in ready office suite with reception, breakroom, and conference room.
      12400 Coit Rd, Dallas, TX 75251
      View Details
    • $14 SF/Yr
      196,215 SF

      Dallas Medical Office Building

      Class A Office Space, 10 Suites Available
      12201 Merit Dr, Dallas, TX 75251
      View Details
    View Listing
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    Dallas, TX 75251
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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.

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