Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    12224 N Central Expy Dallas, TX 75243

    • Commercial land
    • 69,670 SF
    • 5.55 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-3463905
    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

    • Commercial land

    Property Details for 12224 N Central Expy

    Year built
    1961
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    5.55 lot acres
    Property size
    69,670 SF
    Zone code
    Z151
    Property type
    Commercial land
    APN
    767662000000
    APU
    767662000000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $2,760,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.7659
    Latitude
    32.9165
    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
    $116,876
    $4,821,520
    $0.00
    $4,821,520
    -
    $4,821,520
    $0.00
    $4,821,520

    Comparable in this City

    • Value Estimation by Request
      7.27 Acres

      8218 Royal Ln

      VACANT COMMERCIAL LAND • 7.27 Acres
      8218 Royal Ln, Dallas, TX 75243
      View Details
    • Value Estimation by Request
      6.38 Acres

      8216 Royal Ln

      VACANT COMMERCIAL LAND • 6.38 Acres
      8216 Royal Ln, Dallas, TX 75243
      View Details
    • Value Estimation by Request
      0.08 Acres

      9319 Skillman St

      VACANT COMMERCIAL LAND • 0.08 Acres
      9319 Skillman St, Dallas, TX 75243-7330
      View Details
    • Value Estimation by Request
      0.15 Acres

      9535 Skillman St

      VACANT COMMERCIAL LAND • 0.15 Acres
      9535 Skillman St, Dallas, TX 75243-8209
      View Details
    • Value Estimation by Request
      0.03 Acres

      11640 Central Expy

      VACANT COMMERCIAL LAND • 0.03 Acres
      11640 Central Expy, Dallas, TX 75243-3804
      View Details
    • Value Estimation by Request
      0.18 Acres

      13880 Central Expy

      VACANT COMMERCIAL LAND • 0.18 Acres
      13880 Central Expy, Dallas, TX 75243
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Dallas Mixed-Use Development Opportunity

      2.75-acre site ideal for mixed-use development in central Dallas.
      9200 Markville Dr, Dallas, TX 75243
      View Details
    • Contact for pricing

      Prime Pad Site Available

      Pad site near I-635 in dense multi-family area.
      10061 Whitehurst Dr, Dallas, TX 75243
      View Details
    • Contact for pricing

      Stults Road Land Parcels

      Two land parcels totaling approximately 62,190 square feet.
      8811-8817 Stults Rd, Dallas, TX 75243
      View Details
    • Contact for pricing

      Prime Development Land in Dallas

      0.88-acre finished lot in a high-traffic North Dallas corridor.
      8473 Stults Rd, Dallas, TX 75243
      View Details
    • $150,000
      0.03 Acres

      Dallas Land in Modernist Community

      Land in Dallas' newest modernist community with green spaces.
      104 Bower Ln, Dallas, TX 75243
      View Details
    • New
      $600,000
      0.26 Acres

      Residential Lot in Richardson ISD

      Cleared lot in Dallas, ready for construction in Richardson ISD.
      9631 Robin Meadow Dr, Dallas, TX 75243
      View Details

    Similar Nearby for Lease

    • $1,200 /Mo
      92,913 SF

      Dallas Warehouse Space for Rent

      860 SF warehouse space available for lease in Dallas.
      9450 Skillman St, Dallas, TX 75243
      View Details
    • Contact for pricing

      Commercial Space Available For Lease

      Commercial property available for lease at 11530 Chairman Dr.
      11530 Chairman Dr, Dallas, TX 75243
      View Details
    • Contact for pricing

      Versatile Workspace Solutions Available

      Flexible office spaces, coworking, meeting rooms, and virtual office options.
      9330 Lbj Fwy, Dallas, TX 75243
      View Details
    • Contact for pricing

      Retail Space Near Medical City

      Retail space with high visibility near a major hospital.
      11613 N Central Expy, Dallas, TX 75243
      View Details
    • Contact for pricing
      20,000 SF

      20,000 SF Retail Space Available

      Retail space available fronting Central Expressway in Dallas, Texas.
      11100-11250 N Central Expy, Dallas, TX 75243
      View Details
    • Contact for pricing
      4,321 SF

      Medical/Office Space For Lease

      High-volume medical/office space with ample parking and patient-friendly access.
      12606 Greenville Ave, Dallas, TX 75243
      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.
    12224 N Central Expy
    Dallas, TX 75243
    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.
    Sign Up Successful!
    You now have access to more from Realmo!