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    2550 Pacific Ave, Unit 700 Dallas, TX 75226

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    2550 Pacific Ave, Unit 700 Dallas, TX 75226

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    • Parking lots & garages
    • 367,300 SF
    • 1.94 lot acres
    For Lease
    $4,105,000
    View Listing →
    Spaces Deep Ellum For Lease
    $4,105,000

    Spaces Deep Ellum

    Workspaces, services and support to help you grow your business in Spaces Deep Ellum

    2550 Pacific Ave, Unit 700, Dallas, TX 75226
    View Listing
    Property ID
    US82-1790625
    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

    • Royal Lifestyle Services / Consultant
    • The Inner Room / Charitable Organization / Social Service Agency
    • The Medlin Law Firm - Dallas / Law Firm
    • Umbrella Suite / Advertising Agency / Marketing & Advertising
    • Cherry Creek Test / Property Management Company / Apartment Complex

    Property Details for 2550 Pacific Ave

    Year built
    2017
    Construction
    FRAME
    Lot size
    1.94 lot acres
    Property size
    367,300 SF
    Property type
    Parking lots & garages
    APN
    000280000A02A0000
    APU
    000280000A02A0000

    Description

    This exceptional Dallas County property, located at 2550 Pacific Ave, zip code 75226, offers a unique blend of retail, office, and restaurant spaces within the vibrant Epic/Good E development. The property boasts a total of 39,646 square feet, with multiple tenancy options ranging from a minimum of 1,821 square feet to a maximum contiguous space of 8,250 square feet. Currently, 19,679 square feet are vacant and ready for immediate occupancy. Ceiling heights vary impressively from 13 to 26 feet, providing versatile design possibilities. Situated in a high-traffic area at the intersection of Downtown Dallas and Deep Ellum, this location benefits from the high visibility and foot traffic associated with a mixed-use development that includes a hotel, residential units, and established businesses such as Uber's Dallas headquarters and Komodo restaurant. The Good E portion of the development offers ground floor spaces ideal for restaurants and soft retail, retaining its historic charm while featuring updated infrastructure including new underground utilities, roofs, and interior shell space. This is a rare opportunity to secure space in a dynamic and rapidly growing area of Dallas. The property's pedestrian-friendly design and activated outdoor spaces contribute to its unique appeal and create a vibrant atmosphere.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      PARKING LOT
      $3,145,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.7883
    Latitude
    32.7847
    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
    2024
    $2,180,042
    $3,799,670
    $91,200,330
    $95,000,000
    -
    $3,799,670
    $91,200,330
    $95,000,000

    Comparable in this City

    • Value Estimation
      $3,840,000
      367,300 SF

      2550 Pacific Ave

      PARKING GARAGE, PARKING STRUCTURE • 367,300 SF
      2550 Pacific Ave, Dallas, TX 75226-1493
      View Details
    • Value Estimation
      $4,855,000
      502,068 SF

      2500 Pacific Ave

      PARKING GARAGE, PARKING STRUCTURE • 502,068 SF
      2500 Pacific Ave, Dallas, TX 75226-1888
      View Details
    • Value Estimation
      $2,385,000
      441,278 SF

      625 Good Latimer Expy

      PARKING GARAGE, PARKING STRUCTURE • 441,278 SF
      625 Good Latimer Expy, Dallas, TX 75226
      View Details
    • Value Estimation
      $1,090,000
      248,832 SF

      3209 Nussbaumer St

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      3209 Nussbaumer St, Dallas, TX 75226-1325
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    • Value Estimation by Request
      19,800 SF

      3800 Commerce St

      PARKING GARAGE, PARKING STRUCTURE • 19,800 SF
      3800 Commerce St, Dallas, TX 75226-2428
      View Details
    • Value Estimation
      $1,300,000
      316,620 SF

      705 Hall St

      PARKING GARAGE, PARKING STRUCTURE • 316,620 SF
      705 Hall St, Dallas, TX 75226
      View Details

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    View Listing
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    Dallas, TX 75226
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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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