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

    2231 Butler St Dallas, TX 75235-7826

    • Medical offices
    • 36,000 SF
    • 2.38 lot acres
    OFF-MARKET
    Value Estimations
    $985,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-1437729
    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

    • Dr. Vijaya Subbu Natchimuthu / Family Practice Physician
    • Raja Paspula / Family Practice Physician / Geriatrician
    • Mindfulness Therapy Clinic / Corporate Office
    • Parkland Geriatrics Clinic / Medical Clinic
    • Minh Do / Internist

    Property Details for 2231 Butler St

    Year built
    2016
    Construction
    TILT-UP CONCRETE
    Lot size
    2.38 lot acres
    Property size
    36,000 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    005754000A0010000
    APU
    005754000A0010000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $895,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,072,000
      Market price range: $102k - $1.07M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $655,000
      Current use
      WAREHOUSE, STORAGE
      $1,465,000
      Change: +123% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.8377
    Latitude
    32.8159
    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
    $0.00
    $3,620,930
    $12,825,550
    $16,446,480
    -
    $3,620,930
    $12,825,550
    $16,446,480

    Comparable in this City

    • Value Estimation
      $810,000
      110,288 SF

      5959 Harry Hines Blvd

      MEDICAL BUILDING • 110,288 SF
      5959 Harry Hines Blvd, Dallas, TX 75235-6234
      View Details
    • Value Estimation
      $535,000
      22,143 SF

      6010 Frst Park Rd

      MEDICAL BUILDING • 22,143 SF
      6010 Frst Park Rd, Dallas, TX 75235-6408
      View Details
    • Value Estimation
      $790,000
      177,195 SF

      5939 Harry Hines Blvd

      MEDICAL BUILDING • 177,195 SF
      5939 Harry Hines Blvd, Dallas, TX 75235-6246
      View Details
    • Value Estimation
      $1,250,000
      62,267 SF

      4900 Harry Hines Blvd

      MEDICAL BUILDING • 62,267 SF
      4900 Harry Hines Blvd, Dallas, TX 75235-7719
      View Details
    • Value Estimation
      $1,445,000
      65,000 SF

      2126 Mockingbird Ln

      MEDICAL BUILDING • 65,000 SF
      2126 Mockingbird Ln, Dallas, TX 75235
      View Details
    • Value Estimation by Request
      6,200 SF

      1931 Chattanooga Pl

      MEDICAL BUILDING • 6,200 SF
      1931 Chattanooga Pl, Dallas, TX 75235-6207
      View Details

    Similar Nearby for Sale

    • $1,300,000
      2,163 SF

      Dallas Office Building - Inwood Rd

      2,163 SF Office, 11 Parking Spaces, Vacant
      2920 Inwood Rd, Dallas, TX 75235
      View Details
    • Contact for pricing
      73,480 SF

      Dallas Office/Lab Space Available

      73,480 SF office and laboratory space for sale.
      2110 Research Row, Dallas, TX 75235
      View Details
    • Contact for pricing

      Dallas Industrial Pad Site

      ±0.63 Acres, Prime Infill Location
      1459 Prudential Dr, Dallas, TX 75235
      View Details
    • $1,399,999
      6,582 SF

      Dallas Industrial Investment Opportunity

      Prime Dallas location, 6,582 SF flex space.
      2616 Mockingbird Ln, Dallas, TX 75235
      View Details
    • Contact for pricing

      Land Available on Denton Dr

      33,411 sq ft land parcel for sale.
      5520 Denton Drive Cut Off, Dallas, TX 75235
      View Details
    • Contact for pricing
      5,600 SF

      Industrial Land For Sale

      Industrial land with good access and secure site.
      2053 Empire Central, Dallas, TX 75235
      View Details

    Similar Nearby for Lease

    • $29 SF/Yr
      2,163 SF

      Dallas Executive Office Space for Lease

      Modern Office, 2163 sq ft, 11 parking spaces
      2920 Inwood Rd, Dallas, TX 75235
      View Details
    • $17 SF/Yr
      46,914 SF

      Mockingbird Ln Business Park Suite 207

      Prime Dallas office space, high visibility.
      1625 Mockingbird Ln, Dallas, TX 75235
      View Details
    • $16 SF/Yr
      2,685 SF

      Secured Office Space For Rent

      Office space with secured parking and direct DART access.
      2602-2608 Inwood Rd, Dallas, TX 75235
      View Details
    • $15 SF/Yr
      20,000 SF

      Office Space Near Love Field

      Office space for lease near Love Field Airport.
      1750 Regal Row, Dallas, TX 75235
      View Details
    • Contact for pricing
      5,952 SF

      Inwood Retail Center: Dallas, TX

      High-visibility retail space, Dallas.
      3012 Inwood Rd, Dallas, TX 75235
      View Details
    • $17 SF/Yr
      46,914 SF

      Mockingbird Lane Business Park

      Modern Office, Retail & Flex Space
      1625 Mockingbird Ln, Dallas, TX 75235
      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.
    2231 Butler St
    Dallas, TX 75235-7826
    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.