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

    1240 Keller Pkwy, Unit | Keller Keller, TX 76248

    • Office buildings
    • 22,956 SF
    • 1.91 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-0283278
    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

    • Barge Lauri B DDS / Dental Office
    • Frost Bank / Bank / Loan Service
    • pid 6 / Parking Lot & Garage
    • Darshan Pradip Patel / Dental Office
    • Darshan P. Patel, DDS, DPh, PLLC / Dental Office

    Property Details for 1240 Keller Pkwy

    Year built
    2001
    Lot size
    1.91 lot acres
    Property size
    22,956 SF
    Property type
    Office buildings
    APN
    22348-B-2
    APU
    22348B2

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $3,202,000
      Market price range: $1.64M - $4.49M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $3,200,000
      Current use
      COMMERCIAL (GENERAL)
      $3,585,000
      Change: +12% Conversion: Easy
      RESTAURANT
      $2,655,000
      Change: -17% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Keller
    County
    Tarrant
    State
    Texas
    Longitude
    -97.2234
    Latitude
    32.9336
    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
    $95,370
    $913,275
    $4,104,428
    $5,017,703
    -
    $913,275
    $4,104,428
    $5,017,703

    Comparable in this City

    • Value Estimation by Request
      4,136 SF

      1665 Keller Pkwy

      OFFICE BUILDING • 4,136 SF
      1665 Keller Pkwy, Keller, TX 76248-3863
      View Details
    • Value Estimation by Request
      4,627 SF

      1664 Keller Pkwy

      OFFICE BUILDING • 4,627 SF
      1664 Keller Pkwy, Keller, TX 76248-3702
      View Details
    • Value Estimation by Request
      4,760 SF

      1862 Keller Pkwy

      OFFICE BUILDING • 4,760 SF
      1862 Keller Pkwy, Keller, TX 76248-3758
      View Details
    • Value Estimation by Request
      4,619 SF

      1858 Keller Pkwy

      OFFICE BUILDING • 4,619 SF
      1858 Keller Pkwy, Keller, TX 76248-3757
      View Details
    • Value Estimation
      $595,000
      3,150 SF

      1692 Keller Pkwy

      OFFICE BUILDING • 3,150 SF
      1692 Keller Pkwy, Keller, TX 76248-3702
      View Details
    • Value Estimation
      $570,000
      3,000 SF

      1698 Keller Pkwy

      OFFICE BUILDING • 3,000 SF
      1698 Keller Pkwy, Keller, TX 76248-3702
      View Details

    Similar Nearby for Sale

    • $3,500,000
      1.15 Acres

      Prime Office Building on Parkway

      Single-story office building with high visibility and functional layout.
      1727 Keller Pkwy, Keller, TX 76248
      View Details
    • Contact for pricing
      8,223 SF

      Professionally Finished Office Building

      8,223 SF office building in the heart of Keller.
      700 Katy Rd, Keller, TX 76248
      View Details
    • Contact for pricing
      7,942 SF

      Keller Mixed-Use Investment Opportunity

      7,942 SF Medical/School Building on 1.39 Acres
      1750 Rufe Snow Dr, Keller, TX 76248
      View Details
    • Contact for pricing

      Old Town Keller Commercial Property

      Commercial property in Old Town Keller with high visibility.
      128 Taylor St, Keller, TX 76248
      View Details
    • $1,113,200
      2,500 SF

      Office Space on Keller Parkway

      Office space available for sale on Keller Parkway.
      1738 Keller Pkwy, Keller, TX 76248
      View Details
    • $2,800,000
      7,685 SF

      Keller Parkway Medical Office

      7,685 SF Medical Office Building, 100% Leased
      1674 Keller Pkwy, Keller, TX 76248
      View Details

    Similar Nearby for Lease

    • $5,983 /Mo
      21,780 SF

      Professional Office Building Near 1709

      Professional office building with private offices, suites, and modern amenities.
      131 Quest Ct, Keller, TX 76248
      View Details
    • Contact for pricing
      10,066 SF

      Two-Story Office Building in Keller

      Single-tenant office building with modern interior in Keller, Texas.
      125 Bear Creek Pkwy, Keller, TX 76248
      View Details
    • $21 SF/Yr
      53,579 SF

      High-End Office Suite in Keller

      Refined office suite with executive-style environment, ready for immediate occupancy.
      8849 Davis Blvd, Keller, TX 76248
      View Details
    • Contact for pricing
      21 SF

      Office Space Available for Sublease

      5,092 SF office space for sublease through 12/31/2024.
      1240 Keller Pkwy, Keller, TX 76248
      View Details
    • $705 /Mo
      3,615 SF

      Corner Office with Shared Amenities

      Corner office space with shared common areas available for rent.
      620 Stoneglen Dr, Keller, TX 76248
      View Details
    • $17 SF/Yr
      964 SF

      Keller Office Space Available

      Office space available for lease in Keller, Texas.
      1664 Keller Pkwy, Keller, TX 76248
      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.
    1240 Keller Pkwy, Unit | Keller
    Keller, TX 76248
    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.