Add Listing
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

    2121 Pearl St Dallas, TX 75201-2492

    • Office buildings
    • 525,792 SF
    • 3.13 lot acres
    OFF-MARKET
    Value Estimations
    $15,410,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-0704209
    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

    • Peter Tong - Winston & Strawn LLP / Law Firm
    • Michael A. Bittner - Winston & Strawn LLP / Law Firm
    • Charles T. Haag - Winston & Strawn LLP / Law Firm
    • JSL Marketing & Web Design / Advertising Agency / Marketing & Advertising
    • Matthew D. Orwig - Winston & Strawn LLP / Law Firm

    Property Details for 2121 Pearl St

    Year built
    2016
    Construction
    FRAME
    Lot size
    3.13 lot acres
    Property size
    525,792 SF
    Zone code
    Z239
    Property type
    Office buildings
    APN
    00C71280OFCT12000
    APU
    00C71280OFCT12000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $15,795,000
      Current use
      WAREHOUSE, STORAGE
      $20,890,000
      Change: +32% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.8013
    Latitude
    32.791
    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
    $6,168,732
    $16,655,850
    $252,159,860
    $268,815,710
    -
    $16,655,850
    $252,159,860
    $268,815,710

    Comparable in this City

    • Value Estimation
      $550,000
      10,864 SF

      2520 Fairmount St

      OFFICE BUILDING • 10,864 SF
      2520 Fairmount St, Dallas, TX 75201-1902
      View Details
    • Value Estimation
      $4,650,000
      176,225 SF

      2728 Harwood St

      OFFICE BUILDING • 176,225 SF
      2728 Harwood St, Dallas, TX 75201-1516
      View Details
    • Value Estimation
      $1,760,000
      49,017 SF

      1909 Woodall Rodgers Fwy

      OFFICE BUILDING • 49,017 SF
      1909 Woodall Rodgers Fwy, Dallas, TX 75201-2232
      View Details
    • Value Estimation
      $510,000
      9,148 SF

      2017 Cedar Spgs Rd

      OFFICE BUILDING • 9,148 SF
      2017 Cedar Spgs Rd, Dallas, TX 75201-1830
      View Details
    • Value Estimation
      $5,785,000
      650,230 SF

      2323 Cedar Spgs Rd

      OFFICE BUILDING • 650,230 SF
      2323 Cedar Spgs Rd, Dallas, TX 75201-1856
      View Details
    • Value Estimation
      $4,025,000
      191,957 SF

      2401 Cedar Spgs Rd

      OFFICE BUILDING • 191,957 SF
      2401 Cedar Spgs Rd, Dallas, TX 75201-1407
      View Details

    Similar Nearby for Sale

    • $1,900,000
      2,910 SF

      Historic Victorian in Uptown Dallas

      Victorian home in historic State Thomas neighborhood, zoned for commercial/residential.
      2315 Routh St, Dallas, TX 75201
      View Details
    • $36,000,000
      1.28 Acres

      Uptown Dallas Development Opportunity

      Rare Uptown Dallas land totaling over 55,000 SF for development.
      2523 Mckinney Ave, Dallas, TX 75201
      View Details
    • Contact for pricing
      1,534 SF

      Fairmount Street Retail/Office Opportunity

      Retail or office building with prime location and development potential.
      3104 Fairmount St, Dallas, TX 75201
      View Details
    • Contact for pricing

      Land Near Dallas Farmers Market

      Commercial land near Downtown Dallas and Dallas Farmers Market.
      2010 S Cesar Chavez Blvd, Dallas, TX 75201
      View Details
    • Contact for pricing

      Prime Development Land Near Downtown

      Ideal development opportunity near Farmers Market and East Quarter.
      400 South Cesar Chavez Blvd, Dallas, TX 75201
      View Details
    • Contact for pricing

      Downtown Dallas Land Opportunity

      Prime ~1.84 acre land in Dallas CBD for sale.
      1822 Young St, Dallas, TX 75201
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Office Building Near Major Highways

      Office space with easy access to Dallas highways.
      2121 Main St, Dallas, TX 75201
      View Details
    • Contact for pricing
      3,526 SF

      Uptown Dallas Office Space

      Iconic office building in the heart of Uptown Dallas.
      200 Crescent Ct, Dallas, TX 75201
      View Details
    • Contact for pricing
      7,605 SF

      Office Building with Expansion Potential

      7,605 SF office building on 0.90 acres for lease.
      2017 S Ervay St, Dallas, TX 75201
      View Details
    • Contact for pricing

      Class A Office Building For Rent

      Class A office building renovated in 2018, available for rent.
      2109-2111 Commerce St, Dallas, TX 75201
      View Details
    • Contact for pricing
      16,870 SF

      Prime Uptown Dallas Office Space

      Ideally located office building in the heart of Uptown Dallas.
      3102 Maple Ave, Dallas, TX 75201
      View Details
    • Contact for pricing
      6,396 SF

      Class AA Office Tower For Rent

      25-story Class AA office tower with unobstructed views and amenities.
      1900 N Pearl St, Dallas, TX 75201
      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.
    2121 Pearl St
    Dallas, TX 75201-2492
    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.
    Sign Up Successful!
    You now have access to more from Realmo!