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

    4315 Lancaster Rd Dallas, TX 75216-7105

    • Office buildings
    • 17,000 SF
    • 1.54 lot acres
    OFF-MARKET
    Value Estimations
    $910,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4678814
    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

    • Illuminate STEM / Non-Profit Organization
    • Pro Wallpaper Hanger / Wallpaper Installer
    • RBCA Community Development Corporation / Non-Profit Organization
    • Dallas College Lancaster Workforce Development Center / Training Centre / Adult Education School
    • CIRCLE GX HEADQUARTERS / Corporate Office

    Property Details for 4315 Lancaster Rd

    Year built
    1951
    Construction
    TILT-UP CONCRETE
    Lot size
    1.54 lot acres
    Property size
    17,000 SF
    Zone code
    Z59
    Property type
    Office buildings
    APN
    004326000A0010000
    APU
    004326000A0010000

    Description

    The Innovation Center, a single-story, 26,720 square foot Class B office building, presents a unique opportunity in Dallas County. Built in 1999 and extensively renovated in 2021, this property offers multiple tenancy options with four available suites ranging from 1,800 to 3,200 square feet. Ideal for medical, creative, or traditional office uses, the building sits on 1.65 acres of land and boasts convenient access to Lancaster Cross Street. The property features 24-hour access, controlled access, proximity to bus lines and commuter rail, and air conditioning. Parking is ample, with 3.89 spaces per 1,000 square feet. While there are no elevators, the single-story design ensures easy accessibility. The property is zoned CR and has a tax cost of $2.65 per square foot. This is a prime location for businesses seeking a modern and functional workspace in a thriving area. The building's recent renovation ensures modern amenities and efficient layouts, making it an attractive option for a variety of tenants. Don't miss this chance to secure your space in this dynamic Dallas County location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $910,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.7946
    Latitude
    32.6961
    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
    $56,222
    $403,480
    $2,046,520
    $2,450,000
    -
    $403,480
    $2,046,520
    $2,450,000

    Comparable in this City

    • Value Estimation
      $295,000
      960 SF

      2422 Lancaster Rd

      OFFICE BUILDING • 960 SF
      2422 Lancaster Rd, Dallas, TX 75216-2530
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    • Value Estimation
      $330,000
      1,702 SF

      4208 Lancaster Rd

      OFFICE BUILDING • 1,702 SF
      4208 Lancaster Rd, Dallas, TX 75216-6459
      View Details
    • Value Estimation
      $285,000
      120 SF

      3805 Overton Rd

      OFFICE BUILDING • 120 SF
      3805 Overton Rd, Dallas, TX 75216-2802
      View Details
    • Value Estimation
      $335,000
      1,907 SF

      4206 Lancaster Rd

      OFFICE BUILDING • 1,907 SF
      4206 Lancaster Rd, Dallas, TX 75216-6477
      View Details
    • Value Estimation
      $340,000
      2,548 SF

      4823 Lancaster Rd

      OFFICE BUILDING • 2,548 SF
      4823 Lancaster Rd, Dallas, TX 75216-7112
      View Details
    • Value Estimation
      $290,000
      1,000 SF

      3811 Lancaster Rd

      OFFICE BUILDING • 1,000 SF
      3811 Lancaster Rd, Dallas, TX 75216-5632
      View Details

    Similar Nearby for Sale

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      Dallas Commercial Lot - Prime Location

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      Vacant Land Available

      Land for sale in Dallas, Texas.
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    • $65,000
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      Unimproved Land in Dallas, TX

      Unimproved land available for sale in Dallas, Texas.
      515 E Brownlee Ave, Dallas, TX 75216
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    Similar Nearby for Lease

    • Contact for pricing
      3,130 SF

      Renovated Office Building For Rent

      Class B office building renovated in 2021, near Dallas VA.
      4315 S Lancaster Rd, Dallas, TX 75216
      View Details
    • $1,500 /Mo
      6,011 SF

      Retail & Office Spaces For Lease

      Recently remodeled retail and office spaces available near Downtown Dallas.
      3818 S Lancaster Rd, Dallas, TX 75216
      View Details
    • $1,200 /Mo
      6,011 SF

      Retail & Office Spaces Available

      Retail and office spaces for lease near Downtown Dallas.
      3818 S Lancaster Rd, Dallas, TX 75216
      View Details
    • Contact for pricing
      15 SF

      Industrial Property for Lease

      Industrial space available for lease in Dallas, Texas.
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      View Details
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      11,151 SF

      Dallas Automotive Service Property

      Automotive service property for rent in Dallas, Texas.
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    • Contact for pricing
      178,450 SF

      Industrial Warehouse Space Available

      178,450 sqft warehouse with 34 dock doors for lease.
      4697 W Ledbetter Dr, Dallas, TX 75216
      View Details
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    Dallas, TX 75216-7105
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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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