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Property profile & analytics
FOR LEASE
Office buildings
12222 Merit Dr Dallas, TX 75251
Entity Owned
14-yr Hold
Free & Clear
Property ID
US82-0231747
For Lease
1 / 7
$12,045,000
12222 Merit Dr, Dallas, TX 75251
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1984
Construction
FRAME
Total area
418,338 SF
Lot
4.19 ac (182,473 SF)
Zoning code
Z151
APN
773600030050000
UPID
US82-0231747
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
H Grady Chandler Law Office Law Firm
-
Law Office of Christopher L. Smith Law Firm
-
Ascendix Technologies (Bike/Boat/Book/etc) Store Corporate Office
-
Farmers Insurance - Gary Edmonds Insurance Agency
-
Covell PC Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.05M
Owner & transaction history
Lll Four Forest LLC · 14 yrs held
Lll Four Forest LLC
since 2012
4 recorded transactions
Zoning & alternative use
Z151 · Dallas, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Dallas submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Dallas submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$29 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$1,161,279
Tax year 2023
Assessed value
$47,906,640
Assessed 2023
Previous assessed
$47,906,640
+0.0% YoY
Effective rate
2.42%
On assessed value
Assessed land
$5,473,920
Assessed improvement
$42,432,720
Land market value
$5,473,920
Improvement market value
$42,432,720
Total market value
$47,906,640
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1984
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
19
Total area
418,338 SF
Lot
4.19 ac (182,473 SF)
Zoning code
Z151
APN
773600030050000
UPID
US82-0231747
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z151 · Dallas, TX
Zoning Z151 · permitted uses
Z151 · Dallas, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Dallas. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1984
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
19
Buildings
2
Lot
4.19 ac
Current owner
From public records · entity-resolved
Lll Four Forest LLC
Entity
Free & Clear · 14 yrs held
Mailing address
12222 MERIT DR STE #280, DALLAS, TX 75251-2339
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 29, 2012
—
Lll Four Forest LLC
Ypi Park Central Properties LP
Grant Deed
related
—
Oct 20, 2005
—
Ypi Park Central Properties
Tx-dallas Four Forest Plaza
Grant Deed
$60,670,000 · Countrywide Com'l R E Fin
—
—
Lll Four Forest LLC
—
Loan Modification
related
$10,000,000 · United Tx Bk
—
—
Lll Four Forest LLC
—
Deed Of Trust
related
$5,000,000 · United Tx Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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