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    3303 Lee Pkwy Dallas, TX 75219
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    Property profile & analytics

    3303 Lee Pkwy, Dallas, TX 75219

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    • Office buildings
    • 53,812 SF
    • 0.62 lot acres
    For Lease
    $1,335,000
    View Listing →
    Renovated Office Space Available For Lease
    $1,335,000
    1,767 SF

    Renovated Office Space Available

    Newly renovated office space with modern amenities for rent.

    3303 Lee Pkwy, Dallas, TX
    View Listing
    Property ID
    US83-2812625
    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
    $1,335,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Rising Horizon Bodywork / Counselor / Massage Therapist
    • Classic Pilates / Gym & Fitness Center
    • HGROUP - BHHS | PENFED / Real Estate Agency
    • TakeStock Inventory / Corporate Office
    • 6 Degrees Sports Chiropractic / Alternative Medicine Practice

    Property Details for 3303 Lee Pkwy

    Year built
    1964
    Construction
    FRAME
    Lot size
    0.62 lot acres
    Zone code
    Z239
    Property type
    Office buildings
    APN
    139120000000
    APU
    139120000000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 9, 2016 — Oi-tmg LLC Bwp Lee Park Portfolio LLC Grant Deed $13.2M · Bank Snb NA
    Dec 28, 2012 — Bwp Lee Park Portfolio LLC Wc Turtle Creek Partners LP Trustees Deed $7.9M · Southwest Bk
    Oct 13, 2010 — Wc Turtle Creek Partners LP Fountainhead Spe INC Grant Deed $5.5M · Sb Oakwood Tower LLC
    Aug 4, 2010 $11,450,000 Fountainhead Spe INC Meyer Brady Trustees Deed —
    May 14, 2008 — Bf Oakwood Tower LLC Oakwood One Lee Park LLC Quit Claim Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $970,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,700,000
      Market price range: $1.09M - $5.04M

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.8056
    Latitude
    32.8089
    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
    $160,844
    $2,305,630
    $4,703,480
    $7,009,110
    -
    $2,305,630
    $4,703,480
    $7,009,110

    Comparable in this City

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      23,415 SF

      3915 Lemmon Ave

      OFFICE BUILDING
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      View Details
    • Value Estimation
      $5,575,000
      165,692 SF

      4001 Maple Ave

      OFFICE BUILDING
      4001 Maple Ave, Dallas, TX 75219-3240
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    • Value Estimation
      $1,540,000
      48,332 SF

      4211 Cedar Spgs Rd

      OFFICE BUILDING
      4211 Cedar Spgs Rd, Dallas, TX 75219-2602
      View Details
    • Value Estimation
      $8,500,000
      333,396 SF

      3811 Turtle Crk Blvd

      OFFICE BUILDING
      3811 Turtle Crk Blvd, Dallas, TX 75219-4693
      View Details
    • Value Estimation
      $1,160,000
      48,419 SF

      3910 Harry Hines Blvd

      OFFICE BUILDING
      3910 Harry Hines Blvd, Dallas, TX 75219-3204
      View Details
    • Value Estimation
      $955,000
      35,712 SF

      4100 Harry Hines Blvd, Unit 100

      OFFICE BUILDING
      4100 Harry Hines Blvd, Dallas, TX 75219-3207
      View Details

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      3,176 SF

      Retail Space in High-Traffic Corridor

      Retail spaces available in a renovated, high-traffic Dallas location.
      3102-3201 Oak Lawn Ave, Dallas, TX 75219
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      841 SF

      Turtle Creek Condo with Amenities

      Modern condo with amenities in the heart of Turtle Creek.
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      Land For Sale Dallas

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    Similar Nearby for Lease

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      3,861 SF

      Class A Office Space Available

      Class A office building with tenant lounge and creative center.
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      IBC Plaza Office Space Available

      Eight-story office building with various amenities and ample parking.
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      106,511 SF

      Office Space in Dallas, TX

      Office building with 106,511 square feet of space.
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      Full Floor Sublease Opportunity

      14,567 SF office space with premium views available for sublease.
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      View Details
    • Contact for pricing
      16,366 SF

      Class A Office Building

      Class A office building in prestigious Dallas neighborhood.
      3131 Turtle Creek Blvd, Dallas, TX 75219
      View Details
    • $35 SF/Yr
      132,568 SF

      Modern Office Building with Courtyard

      Office building designed for productivity with a modern lobby, outdoor courtyard, and on-site security and management.
      3500 Maple Ave, Dallas, TX 75219
      View Details
    View Listing
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    Dallas, TX 75219
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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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