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    Property profile & analytics

    12400 Coit Rd Dallas, TX 75251

    • Parking lots & garages
    • 320,590 SF
    • 2.66 lot acres
    For Lease
    View listing
    $11,000 /Mo
    Value Estimations
    $1,085,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-3662462
    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

    • Level Four Financial / Financial Planner / Insurance Agency
    • Brinjac Engineering / Engineering Consultant
    • Level Four Insurance Agency / Insurance Agency
    • Arog Pharmaceuticals / Pharmaceutical Company
    • Hance Law Group, PC / Family Law Attorney / Divorce Lawyer

    Property Details for 12400 Coit Rd

    Year built
    1999
    Construction
    FRAME
    Lot size
    2.66 lot acres
    Property size
    320,590 SF
    Zone code
    Z151
    Property type
    Parking lots & garages
    APN
    007752000A0080000
    APU
    007752000A0080000

    Description

    Churchill Tower presents a unique opportunity to lease in a prestigious Class A office building in Dallas County. This twelve-story, 277,187 square foot building, constructed in 2000, boasts a striking modern design. The impressive four-story atrium, finished with natural stone flooring and rich wood paneling in the lobbies, creates an unparalleled atmosphere. Available spaces range from 1,446 to 14,554 square feet, catering to a variety of business needs. Tenants enjoy a comprehensive suite of amenities, including a deli/sundry shop, fitness center, a new tenant conference center, and a print shop. Security is paramount with 24/7 on-site security and a state-of-the-art security system. Parking is exceptionally convenient, with 100% garage parking for tenants and visitors, encompassing a seven-level structured garage and a two-level secured executive garage. The building's commitment to efficiency is evident in its Energy Star awards received in 2012, 2013, 2014, 2015, and 2016, reflecting its commitment to sustainability. Additional features include fiber optics redundancy and on-site tenant storage. This property offers a sophisticated and functional workspace in a prime Dallas location. Contact us today to learn more about available spaces and lease terms.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,085,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.7687
    Latitude
    32.9172
    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
    $848,416
    $3,470,850
    $31,529,150
    $35,000,000
    -
    $3,470,850
    $31,529,150
    $35,000,000

    Comparable in this City

    • Value Estimation
      $1,065,000
      71,768 SF

      7750 Lyndon B Johnson Fwy

      PARKING GARAGE, PARKING STRUCTURE • 71,768 SF
      7750 Lyndon B Johnson Fwy, Dallas, TX 75251-1287
      View Details
    • Value Estimation
      $1,665,000
      439,040 SF

      12790 Merit Dr

      PARKING GARAGE, PARKING STRUCTURE • 439,040 SF
      12790 Merit Dr, Dallas, TX 75251-1217
      View Details
    • Value Estimation
      $1,090,000
      317,688 SF

      8111 Lyndon B Johnson Fwy

      PARKING GARAGE, PARKING STRUCTURE • 317,688 SF
      8111 Lyndon B Johnson Fwy, Dallas, TX 75251-1313
      View Details
    • Value Estimation by Request
      6,600 SF

      12160 Coit Rd

      SERVICE STATION (FULL SERVICE) • 6,600 SF
      12160 Coit Rd, Dallas, TX 75251-2304
      View Details
    • Value Estimation
      $1,050,000
      152,821 SF

      8055 Churchill Way

      WHOLESALE OUTLET, DISCOUNT STORE • 152,821 SF
      8055 Churchill Way, Dallas, TX 75251-2149
      View Details
    • Value Estimation
      $550,000
      3,995 SF

      12900 Coit Rd

      FINANCIAL BUILDING • 3,995 SF
      12900 Coit Rd, Dallas, TX 75251-1310
      View Details

    Similar Nearby for Lease

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      Lakeside Square Office Space Available

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      LBJ Freeway Office Sublease Opportunity

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    12400 Coit Rd
    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.

    More about this property
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