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

    3228 Halifax St Dallas, TX 75247-6016

    • Office buildings
    • 14,450 SF
    • 2.85 lot acres
    OFF-MARKET
    Value Estimations
    $645,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4916304
    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

    • Alliance Geotechnical Group / Geotechnical Engineer

    Property Details for 3228 Halifax St

    Year built
    1965
    Construction
    FRAME
    Lot size
    2.85 lot acres
    Property size
    14,450 SF
    Zone code
    Z116
    Property type
    Office buildings
    APN
    765982000000
    APU
    765982000000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $510,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $773,000
      Market price range: $185k - $1.97M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $970,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $1,020,000
      Change: +5% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $985,000
      Change: +2% Conversion: Easy
      MEDICAL BUILDING
      $980,000
      Change: +1% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.871
    Latitude
    32.8114
    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
    $29,764
    $992,130
    $304,890
    $1,297,020
    -
    $992,130
    $304,890
    $1,297,020

    Comparable in this City

    • Value Estimation
      $2,035,000
      139,479 SF

      8828 Stemmons Fwy

      OFFICE BUILDING • 139,479 SF
      8828 Stemmons Fwy, Dallas, TX 75247-3719
      View Details
    • Value Estimation
      $4,330,000
      259,875 SF

      8435 Stemmons Fwy

      OFFICE BUILDING • 259,875 SF
      8435 Stemmons Fwy, Dallas, TX 75247-3900
      View Details
    • Value Estimation
      $15,305,000
      576,985 SF

      3000 Pegasus Park Drtwra

      OFFICE BUILDING • 576,985 SF
      3000 Pegasus Park Drtwra, Dallas, TX 75247-6203
      View Details
    • Value Estimation
      $1,290,000
      60,262 SF

      8303 Elmbrook Dr

      OFFICE BUILDING • 60,262 SF
      8303 Elmbrook Dr, Dallas, TX 75247-4011
      View Details
    • Value Estimation
      $630,000
      5,406 SF

      4525 Leston St

      OFFICE BUILDING • 5,406 SF
      4525 Leston St, Dallas, TX 75247-5709
      View Details
    • Value Estimation
      $5,175,000
      161,744 SF

      1420 Mockingbird Ln

      OFFICE BUILDING • 161,744 SF
      1420 Mockingbird Ln, Dallas, TX 75247-4931
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      31,230 SF

      Dallas Office Building For Sale

      31,230 square foot office building in Dallas, Texas.
      1327 Empire Central Dr, Dallas, TX 75247
      View Details
    • Contact for pricing

      Office Space in Dallas, TX

      Office property located at 1450 Empire Central, Dallas, TX.
      1450 Empire Central, Dallas, TX 75247
      View Details
    • Contact for pricing

      Development Opportunity Near Highway 183

      Land parcel suitable for development, convenient to DFW and Love Field.
      9800 Stemmons Fwy, Dallas, TX 75247
      View Details
    • Contact for pricing
      59,082 SF

      Dallas Industrial Warehouse Opportunity

      59,082 SF, 100% Vacant, Value-Add
      8500 Sovereign Row, Dallas, TX 75247
      View Details
    • $3,950,000
      21,550 SF

      Dallas Warehouse: Prime Investment Opportunity

      High-yield warehouse, 21,550 SF, excellent location.
      9030 Viscount Row, Dallas, TX 75247
      View Details
    • Contact for pricing

      Industrial Land For Sale

      Four parcels totaling 0.56 acres suitable for industrial manufacturing.
      3522 Easy St, Dallas, TX 75247
      View Details

    Similar Nearby for Lease

    • $23 SF/Yr
      157,300 SF

      One Mockingbird Office Space

      Dallas Class A Office, 30,000 SF Available
      1420 Mockingbird Ln, Dallas, TX 75247
      View Details
    • $17 SF/Yr
      160,000 SF

      Empire Plaza Office Suites in Dallas

      Executive suites & coworking spaces available.
      1430 Empire Central Dr, Dallas, TX 75247
      View Details
    • $13 SF/Yr
      109,291 SF

      Stemmons Freeway Office Space

      Dallas Office Building: 28 Suites Available
      8500 Stemmons Fwy, Dallas, TX 75247
      View Details
    • $20 SF/Yr
      448,337 SF

      Mockingbird Towers Office Space

      Premium Dallas Office Suites, Move-In Ready
      1341 Mockingbird Ln, Dallas, TX 75247
      View Details
    • $15 SF/Yr
      250,963 SF

      8700 Stemmons Fwy Office Space

      Dallas Office Building: Multiple Suites Available
      8700 Stemmons Fwy, Dallas, TX 75247
      View Details
    • $11 SF/Yr
      67,291 SF

      The Atrium on Elmbrook Office Space

      Dallas office building, 27 suites available.
      8204 Elmbrook Dr, Dallas, TX 75247
      View Details
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    3228 Halifax St
    Dallas, TX 75247-6016
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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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