Property profile

12700 Park Central Dr Dallas, TX 75251

FOR LEASE
Parking lots & garages
Property ID
US82-1988704
836,348 SF 12.53 ac lot Built 1975
Entity Owned 9-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional executive office space at 12700 Park Central Drive in Dallas, Texas, offers a variety of suite sizes to accommodate diverse business needs. The building boasts a total of 512,775 square feet, with a minimum divisible space of 170 square feet and a maximum contiguous space of 11,555 square feet. Currently, there are 211,008 square feet of vacant space available for lease, providing ample opportunity for businesses of all sizes. The property features a convenient 4:1000 parking ratio, ensuring sufficient parking for tenants and their guests. Located in Dallas County, zip code 75251, this property benefits from its strategic location near the "Dallas High Five" interchange, providing easy access to multiple labor pools throughout the city. Public transportation is readily available via DART bus and light rail service. The building's proximity to executive housing areas in North Dallas, Far North Dallas, and the Park Cities, combined with its convenient access to hotels, restaurants, retail centers, and recreational facilities within walking distance, makes it an ideal location for businesses seeking a thriving and convenient environment. The property is classified as an office building with multiple tenancies, offering flexibility for various business models. This landmark destination offers a prestigious address and unparalleled convenience.

Property profile

Verified
Property type Parking lots & garages
Use group PARKING GARAGE, PARKING STRUCTURE
Year built 1975
Construction FRAME
Total area 836,348 SF
Lot 12.53 ac (545,807 SF)
Zoning code Z239
APN 767315500000
UPID US82-1988704

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Law Firm
  • Logistics Company Moving Company
  • Research Institute
  • Insurance Agency
  • (Bike/Boat/Book/etc) Store Corporate Office

Location

12700 Park Central Dr Dallas, TX 75251
Dallas metro Census 13202 DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.57M

Owner & transaction history

since 2016
7 recorded transactions
2019
Price N/A
2019
Price N/A
2016
Price N/A
2012
Price N/A
2012
Price N/A
2005
Price N/A
2001
Price N/A

Zoning & alternative use

Z239 · Dallas, TX

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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