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

    14951 N Dallas Pkwy Dallas, TX 75254

    • Office buildings
    • 181,100 SF
    • 5.48 lot acres
    For Lease
    View listing
    $26 SF/Yr
    Last Sale
    Feb 13, 2024
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-0765878
    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

    • Robert Half Recruiters & Employment Agency / Employment Agency
    • Herbert Goldberg Company, Inc. Wholesale Jewelry & Diamonds / (Bike/Boat/Book/etc) Store
    • The Addison / Corporate Office
    • Munn Gray & Associates / Financial Advisor
    • FedEx Drop Box / Postal Service / Courier Service

    Property Details for 14951 N Dallas Pkwy

    Year built
    1981
    Construction
    FRAME
    Lot size
    5.48 lot acres
    Property size
    181,100 SF
    Property type
    Office buildings
    APN
    109050000101A0000
    APU
    109050000101A0000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,950,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.8239
    Latitude
    32.9525
    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
    $550,627
    $4,770,680
    $20,616,680
    $25,387,360
    -
    $4,770,680
    $20,616,680
    $25,387,360

    Comparable in this City

    • Value Estimation
      $3,625,000
      349,372 SF

      14241 Dallas Pkwy

      OFFICE BUILDING • 349,372 SF
      14241 Dallas Pkwy, Dallas, TX 75254-2936
      View Details
    • Value Estimation
      $2,230,000
      280,200 SF

      14785 Preston Rd

      OFFICE BUILDING • 280,200 SF
      14785 Preston Rd, Dallas, TX 75254-7876
      View Details
    • Value Estimation by Request
      3,038 SF

      14665 Preston Rd

      OFFICE BUILDING • 3,038 SF
      14665 Preston Rd, Dallas, TX 75254-7880
      View Details
    • Value Estimation
      $1,290,000
      190,737 SF

      14901 Quorum Dr

      OFFICE BUILDING • 190,737 SF
      14901 Quorum Dr, Dallas, TX 75254-7521
      View Details
    • Value Estimation
      $755,000
      67,637 SF

      14850 Montfort Dr

      OFFICE BUILDING • 67,637 SF
      14850 Montfort Dr, Dallas, TX 75254-7077
      View Details
    • Value Estimation
      $1,690,000
      224,400 SF

      14643 Dallas Pkwy

      OFFICE BUILDING • 224,400 SF
      14643 Dallas Pkwy, Dallas, TX 75254-7410
      View Details

    Similar Nearby for Sale

    • $598,000
      0.32 Acres

      Dallas Duplex with Unique Features

      Rare duplex with health spa and updated interiors in Dallas.
      7604 Village Trail Dr, Dallas, TX 75254
      View Details
    • $550,000
      3,904 SF

      North Dallas Income-Producing Duplex

      Income-producing duplex in North Dallas with long-term tenant and vacant unit.
      7603 Dentcrest Dr, Dallas, TX 75254
      View Details
    • $300,000
      1,217 SF

      Waterfront Condo in North Dallas

      Updated two-bedroom condo with water views and community amenities.
      14277 Preston Rd, Dallas, TX 75254
      View Details
    • $5,815,000
      5,672 SF

      Freestanding Restaurant Investment Property

      Newly renovated restaurant in Addison (Dallas), Texas for sale.
      5353 Belt Line Rd, Dallas, TX 75254
      View Details
    • $259,950

      Updated Condo in Gated Community

      Two-bedroom condo with updated kitchen and community amenities.
      5565 Preston Oaks Rd, Dallas, TX 75254
      View Details
    • $1,900,000
      1.50 Acres

      Dallas Land for Custom Estate

      1.5 acre lot for dream estate in coveted Dallas location.
      7121 Spring Valley Rd, Dallas, TX 75254
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,048 SF

      Class A Office Space Available

      Refreshed office building with modern finishes and easy access.
      14850 Quorum Dr, Dallas, TX 75254
      View Details
    • Contact for pricing
      43,266 SF

      Fourteen5 Phase II Office Building

      Office building at Fourteen5 development, Dallas, TX.
      14545 N Dallas Pkwy, Dallas, TX 75254
      View Details
    • $26 SF/Yr
      3,577 SF

      Office Space for Rent

      Office space available for lease in Dallas, Texas.
      14901 Quorum Dr, Dallas, TX 75254
      View Details
    • Contact for pricing
      8,676 SF

      Class A Office Space Available

      Class A office space with parking and modern amenities for rent.
      14755-14785 Preston Rd, Dallas, TX 75254
      View Details
    • $23 SF/Yr
      229,994 SF

      Prestonwood Tower Office Suites

      Dallas Executive Office & Coworking Space
      5151 Belt Line Rd, Dallas, TX 75254
      View Details
    • $17 SF/Yr
      95,495 SF

      Parkway Plaza II Office Space

      Dallas Office Suites, 130-5,303 SF
      14114 Dallas Pkwy, Dallas, TX 75254
      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.
    14951 N Dallas Pkwy
    Dallas, TX 75254
    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.