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    351 W Jefferson Blvd Dallas, TX 75208
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    Property profile & analytics

    351 W Jefferson Blvd, Dallas, TX 75208

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    • Office buildings
    • 48,942 SF
    • 0.34 lot acres
    For Lease
    $27 SF/Yr
    View Listing →
    Renovated Historic Office Space For Lease
    $27 SF/Yr
    854 SF

    Renovated Historic Office Space

    Newly renovated office space in historic building for rent.

    351 W Jefferson Blvd, Dallas, TX
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    Property ID
    US82-1966452
    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

    • Sporcic Medical Group / Medical Group
    • Clear Insurances / Insurance Agency
    • Penny and Sparrow ABA Therapy, Coaching & Counseling / Crisis Center / Medical Clinic
    • Building Scale / Freight Service / Logistics Company
    • Belmar Integrated Logistics / Employment Agency

    Property Details for 351 W Jefferson Blvd

    Year built
    1928
    Construction
    FRAME
    Lot size
    0.34 lot acres
    Zone code
    Z239
    Property type
    Office buildings
    APN
    003167004702B0000
    APU
    003167004702B0000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 29, 2021 — Jefferson Monument LLC — Deed · related $5.6M · Frost Bk
    Oct 25, 2017 — Jefferson Monument LLC — Deed · related $321k · Frost Bk
    Jan 22, 2013 — Jefferson Monument LLC Rampart Properties LLC Trustees Deed $6M · Nexbank Ssb
    Jun 12, 2009 — Rampart Properties — Deed Of Trust · related $17M · Amegy Bank NA
    — — Jefferson Monument LLC — Deed Of Trust · related $6.6M · Frost Bk
    — — Jefferson Monument LLC — Deed Of Trust · related $321k · Frost Bk
    — — Jefferson Monument LLC — Loan Modification · related $5.6M · Frost Bk
    — — Jefferson Monument LLC — Loan Modification · related $321k · Frost Bk

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.8274
    Latitude
    32.7435
    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
    $68,721
    $447,180
    $2,547,470
    $2,994,650
    -
    $447,180
    $2,547,470
    $2,994,650

    Comparable in this City

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      1936 Commerce St

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      Bishop Arts District Opportunity

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      Professional Office Suite with Parking

      Well-kept office with multiple large rooms, restrooms, break room, and front parking.
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      Freestanding Office Building on Acre Lot

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      Trinity Groves Office-Warehouse Space

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      Dallas Flex Space For Lease

      Flex space with warehouse and office areas available for lease.
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      Flexible Office Building Lease

      Free-standing space with reception, consultation rooms, multiple offices, and an open area suited for medical or retail concepts.
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      9,453 SF

      Two-Story Flex Office Building

      Brand-new two-story building with dual entrances and gated parking, suited for office use or a live-work setup.
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      Medical Offices in Bishop Arts

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    Property Visit Statistics

    • Visits by month
      9.9k
    • Visitors by month
      8.1k
    • Avg Time on site
      15 min
    View Listing
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    Dallas, TX 75208
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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.

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