Back to Search
Property profile & analytics
FOR LEASE
Office buildings
3838 Oak Lawn Ave Dallas, TX 75219
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US82-4154336
For Lease
1 / 2
$32 SF/Yr
3838 Oak Lawn Ave, Dallas, TX 75219
View Listing →
Property summary
AI-generated overview
Two Turtle Creek offers stunning Downtown Dallas views from its 10th-floor location. This executive office space, situated at 3838 Oak Lawn Avenue, Suite 1000, in Dallas, Texas (zip code 75219, Dallas County), provides multiple tenancy options within a 1,204 square foot building. Individual suites range from a minimum of 144 square feet to a maximum contiguous space of 360 square feet, with a total of 1,204 square feet currently vacant. The building boasts 24/7 on-site security, providing a safe and secure environment for tenants. Its convenient location between the Dallas North Tollway and Highway 75, near Lemmon Avenue, offers easy access to major transportation routes. The property's prime location also places it within walking distance of numerous restaurants and shops, enhancing the convenience and appeal for businesses and professionals. Enjoy the benefits of a friendly on-site staff and the impressive views of the city skyline, making this an ideal location for businesses seeking a prestigious and well-appointed office space in the heart of Dallas. The building is categorized as an interior, window view executive office space.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1972
Construction
FRAME
Total area
237,150 SF
Lot
4.37 ac (190,401 SF)
Zoning code
Z239
APN
149810000000
UPID
US82-4154336
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
SaveOnEnergy.com Green Energy Supplier Electric Utility Company
-
CTD Restoration LLC Hardware & Home Improvement Interior Design
-
Ref Experts Hardware & Home Improvement HVAC Service
-
Luke Wroten at Guaranteed Rate (NMLS #904585) Loan Service Bank
-
Leavitt Eldredge Law Firm Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.70M
Owner & transaction history
Sb Home Buyers · 2 yrs held
Sb Home Buyers
since 2024
7 recorded transactions
Zoning & alternative use
Z239 · Dallas, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$16.1M
+14.8%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Dallas submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Dallas submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$14,020,000
Current use
MEDICAL BUILDING
$16,090,000
Change: +15% · Conversion: Easy
Blend value · Realmo final
$9.70M
Range $8.73M – $10.66M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$41 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$1,754,934
Tax year 2023
Assessed value
$76,475,000
Assessed 2023
Previous assessed
$76,475,000
+0.0% YoY
Effective rate
2.29%
On assessed value
Assessed land
$16,183,070
Assessed improvement
$60,291,930
Land market value
$16,183,070
Improvement market value
$60,291,930
Total market value
$76,475,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1972
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Buildings
5
Stories
18
Total area
237,150 SF
Lot
4.37 ac (190,401 SF)
Zoning code
Z239
APN
149810000000
UPID
US82-4154336
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z239 · Dallas, TX
Zoning Z239 · permitted uses
Z239 · Dallas, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Dallas. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$14.0M
MEDICAL BUILDING
Est. value
$16.1M
OFFICE BUILDING Current
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1972
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
18
Buildings
5
Lot
4.37 ac
Current owner
From public records · entity-resolved
Sb Home Buyers
Individual
Mailing address
3838 OAK LAWN AVE STE #810, DALLAS, TX 75219-4509
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 10, 2024
—
Sb Home Buyers
Betty Bevely
Deed
—
Jul 21, 2017
—
3838 Oak Lawn Ave Tx Owner L
Propco Tc II
Trustees Deed
$73,475,000 · Suntrust Bk
Jun 18, 2012
—
Tc Propco I LP
Lsref2 Clover Property 1 LLC
Quit Claim Deed
related
—
Jan 3, 2012
$20,000,000
Lsref2 Clover Property 1 LLC
Browder,ben
Trustees Deed
—
May 28, 2009
—
Two Turtle Creek Cfri
—
Deed Of Trust
related
$43,048,000 · Anglo Irish Bank Corp
Dec 6, 2005
—
Cfri Two Turtle Crk LP
Owner Name Unavailable
Grant Deed
related
—
—
—
Lsref2 Clover Property 1 LLC
—
Deed Of Trust
related
—
—
—
Cfri Two Turtle Creek LP
—
Deed Of Trust
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
