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    2121 Midway Rd Carrollton, TX 75006
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    2121 Midway Rd Carrollton, TX 75006

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    • Office buildings
    • 86,393 SF
    • 4.14 lot acres
    For Lease
    $3,335,000
    View Listing →
    Carrollton Class B Office Building For Lease
    $3,335,000
    1,554 SF

    Carrollton Class B Office Building

    Three-story office building in Carrollton, renovated in 2019.

    2121 Midway Rd, Carrollton, TX
    View Listing
    Property ID
    US82-0618280
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • HydroLink Engineering / General Contractor
    • JBI Partners, Inc. / Civil Engineer
    • Auto Rescue Solutions / Auto Repair Shop

    Property Details for 2121 Midway Rd

    Year built
    1984
    Construction
    FRAME
    Lot size
    4.14 lot acres
    Property size
    86,393 SF
    Zone code
    Z123
    Property type
    Office buildings
    APN
    140032100B0010000
    APU
    140032100B0010000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Carrollton
    County
    Dallas
    State
    Texas
    Longitude
    -96.841
    Latitude
    32.9665
    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
    $138,285
    $1,082,920
    $5,462,080
    $6,545,000
    -
    $1,082,920
    $5,462,080
    $6,545,000

    Comparable in this City

    • Value Estimation
      $3,290,000
      13,720 SF

      1519 Belt Line Rd

      OFFICE BUILDING • 13,720 SF
      1519 Belt Line Rd, Carrollton, TX 75006-6918
      View Details
    • Value Estimation
      $4,695,000
      39,168 SF

      3350 Boyington Dr

      OFFICE BUILDING • 39,168 SF
      3350 Boyington Dr, Carrollton, TX 75006-5253
      View Details
    • Value Estimation
      $2,595,000
      71,833 SF

      1644 Crosby Rd

      OFFICE BUILDING • 71,833 SF
      1644 Crosby Rd, Carrollton, TX 75006-6628
      View Details
    • Value Estimation
      $9,610,000
      55,017 SF

      2340 Trinity Mls Rd

      OFFICE BUILDING • 55,017 SF
      2340 Trinity Mls Rd, Carrollton, TX 75006-1942
      View Details
    • Value Estimation
      $2,440,000
      45,315 SF

      2508 Highlander Way

      OFFICE BUILDING • 45,315 SF
      2508 Highlander Way, Carrollton, TX 75006-2313
      View Details
    • Value Estimation by Request
      1,170 SF

      2840 Keller Spgs Rd Ste, Unit 401

      OFFICE BUILDING • 1,170 SF
      2840 Keller Spgs Rd Ste, Carrollton, TX 75006-4850
      View Details

    Similar Nearby for Sale

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      9,288 SF

      Carrollton Investment Property For Sale

      9,288 SF building on 0.71 acres, leased to childcare.
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    • $399,000
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      Turnkey Wellness Center Opportunity

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      Versatile Commercial Condo in Carrollton

      2,340 SF condo ideal for medical, spa, or professional offices.
      2840 Keller Springs Rd, Carrollton, TX 75006
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    • Contact for pricing
      1,200 SF

      Single Story Office Property

      1,200 SF office building with parking areas for sale.
      2013 N Broadway St, Carrollton, TX 75006
      View Details
    • $850,000
      4.18 Acres

      Carrollton Office Condos For Sale

      Office condos in Keller Springs Office Park, suitable for medical/spa.
      2840 Keller Springs Rd, Carrollton, TX 75006
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      217,720 SF

      Carrollton Industrial Property For Sale

      100% leased industrial property with upside potential in Carrollton, TX.
      1000 W Crosby Rd, Carrollton, TX 75006
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    Similar Nearby for Lease

    • Contact for pricing
      12,422 SF

      Carrollton Office Space for Lease

      Office space available at Trinity Mills Station Building II.
      1441 W Trinity Mills Rd, Carrollton, TX 75006
      View Details
    • Contact for pricing
      3,672 SF

      Carrollton Class B Office Building

      Three-story office building in Carrollton, renovated in 2019.
      2121 Midway Rd, Carrollton, TX 75006
      View Details
    • Contact for pricing
      2,334 SF

      Freestanding Building in Historic Carrollton

      Freestanding building for lease in historic downtown Carrollton, Texas.
      1001 W Main St, Carrollton, TX 75006
      View Details
    • Contact for pricing
      13,373 SF

      Office Space Near Trinity Mills

      Office building with available space for lease in Carrollton, TX.
      1441 W Trinity Mills Rd, Carrollton, TX 75006
      View Details
    • $4,895 /Mo
      20,473 SF

      Office Space in Carrollton Corridor

      Professional office space for lease in a desirable Carrollton location.
      2324 Old Denton Rd, Carrollton, TX 75006
      View Details
    • Contact for pricing

      Adaptable Flex Space Available

      Flexible commercial space for rent with modification options.
      1544 Valwood Pkwy, Carrollton, TX 75006
      View Details
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    Carrollton, TX 75006
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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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