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

    1990 Wittington Pl Farmers Branch, TX 75234-1904

    • Office buildings
    • 168,582 SF
    • 15.16 lot acres
    OFF-MARKET
    Value Estimations
    $8,125,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-9695566
    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

    • Office buildings

    Property Details for 1990 Wittington Pl

    Year built
    2014
    Construction
    TILT-UP CONCRETE
    Lot size
    15.16 lot acres
    Property size
    168,582 SF
    Zone code
    Z236
    Property type
    Office buildings
    APN
    241111500A0010000
    APU
    241111500A0010000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $13,395,000
      Current use
      COMMERCIAL (GENERAL)
      $11,635,000
      Change: -13% Conversion: Easy
      MEDICAL BUILDING
      $11,435,000
      Change: -15% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Farmers Branch
    County
    Dallas
    State
    Texas
    Longitude
    -96.913
    Latitude
    32.9162
    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
    $451,037
    $3,961,170
    $17,538,830
    $21,500,000
    -
    $3,961,170
    $17,538,830
    $21,500,000

    Comparable in this City

    • Value Estimation
      $4,770,000
      166,303 SF

      12005 Frd Rd

      OFFICE BUILDING • 166,303 SF
      12005 Frd Rd, Dallas, TX 75234-7230
      View Details
    • Value Estimation
      $2,470,000
      66,299 SF

      3530 Frst Ln

      OFFICE BUILDING • 66,299 SF
      3530 Frst Ln, Dallas, TX 75234-7910
      View Details
    • Value Estimation
      $9,910,000
      303,720 SF

      3010 Lyndon B Johnson Fwy

      OFFICE BUILDING • 303,720 SF
      3010 Lyndon B Johnson Fwy, Dallas, TX 75234-7770
      View Details
    • Value Estimation
      $9,055,000
      241,805 SF

      1755 Wittington Pl

      OFFICE BUILDING • 241,805 SF
      1755 Wittington Pl, Farmers Branch, TX 75234-1927
      View Details
    • Value Estimation
      $1,070,000
      12,254 SF

      13958 Diplomat Dr

      OFFICE BUILDING • 12,254 SF
      13958 Diplomat Dr, Farmers Branch, TX 75234-8805
      View Details
    • Value Estimation by Request
      2,428 SF

      2650 Vly Vw Ln, Unit 4

      OFFICE BUILDING • 2,428 SF
      2650 Vly Vw Ln, Farmers Branch, TX 75234-6284
      View Details

    Similar Nearby for Sale

    • New
      $2,199,000
      0.68 Acres

      Renovated Office Building in Farmers Branch

      Renovated office building in high-traffic commercial district.
      2824 Valley View Ln, Farmers Branch, TX 75234
      View Details
    • Contact for pricing
      49,870 SF

      LBJ Freeway Mixed-Use Property

      Dallas, TX: 49,870 SF Mixed-Use Opportunity
      2605 Lbj Fwy, Dallas, TX 75234
      View Details
    • $575,000
      2,428 SF

      Farmers Branch Office Condo

      Prime Office Space, Excellent Location
      2650 Valley View Ln, Farmers Branch, TX 75234
      View Details
    • $1,100,000
      4,860 SF

      Farmers Branch Bio-Tech/Lab Space

      4,860 SF bio-tech/lab space with signage and kitchen.
      2567 Valley View Ln, Farmers Branch, TX 75234
      View Details
    • $499,000

      Land Available on Stemmons Freeway

      Land for sale located on Stemmons Freeway in Farmers Branch.
      14020 N Stemmons Fwy, Farmers Branch, TX 75234
      View Details
    • $215,000
      0.22 Acres

      Vacant Lot in Farmers Branch

      Vacant lot in established area, ideal for residential development.
      13706 Heartside Pl, Farmers Branch, TX 75234
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      13,851 SF

      Office Space in Four Hickory

      Office space for lease in a park-like setting.
      1755 Wittington Pl, Farmers Branch, TX 75234
      View Details
    • $23 SF/Yr
      31,724 SF

      Office Space in Farmers Branch

      Office space for lease in a mixed-use development.
      11701 Luna Rd, Farmers Branch, TX 75234
      View Details
    • Contact for pricing
      4,433 SF

      Farmers Branch Office Building

      Prime Office Space, 4,433 SF, Dallas County
      2301 Valley View Ln, Farmers Branch, TX 75234
      View Details
    • Contact for pricing
      3,096 SF

      Medical Office Space For Rent

      On-campus medical office building with ample parking and renovations underway.
      9 Medical Pkwy, Farmers Branch, TX 75234
      View Details
    • Contact for pricing
      9,186 SF

      Modern Office Space on LBJ

      Premier office environment with modern amenities and excellent accessibility.
      2711 Lyndon B Johnson Fwy, Dallas, TX 75234
      View Details
    • Contact for pricing
      167,859 SF

      Ford Road Office Complex

      Dallas Office Space: Prime Location, Modern Amenities
      12200 Ford Rd, Dallas, TX 75234
      View Details
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    Farmers Branch, TX 75234-1904
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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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