Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    4621 Ross Ave Dallas, TX 75204-4994
    Property profile & analytics

    4621 Ross Ave, Dallas, TX 75204-4994

    View on Map
    • Office buildings
    • 50,675 SF
    • 2.25 lot acres
    Off-Market
    Property ID
    US82-1347479
    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
    $1,510,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Agility / Alternative Medicine Practice
    • Impact Ventures / Charitable Organization / Social Service Agency
    • Hempstone / Business Management Consultant
    • Neli Morris / Marriage Or Relationship Counselor / Counselor
    • Child Care Center / Child Welfare Organization / Charitable Organization

    Property Details for 4621 Ross Ave

    Year built
    1973
    Construction
    TILT-UP CONCRETE
    Lot size
    2.25 lot acres
    Zone code
    Z239
    Property type
    Office buildings
    APN
    000652000B02B0000
    APU
    000652000B02B0000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 21, 2019 — 621 Ross Ave LP America Can Grant Deed · related —
    Jan 7, 2010 — American Cani — Trustees Deed · related $1M · Bank Of Texas NA
    Mar 13, 2007 — Bc 1 9 LLC Briscoe Clark Co Ltd Grant Deed $1.1M · Edi Properties INC
    Dec 2, 2004 — America Can Young Womens Christian Assn Of Me Grant Deed $1.2M · Bank Of Texas NA
    — — America Can — Deed Of Trust · related $1.1M · Compass Bank

    Description

    This Class A, three-story Dallas office building, located at 4621 Ross Ave, offers 50,000 square feet of executive office space in multiple configurations. Currently, 27,604 square feet is available, with spaces ranging from 1,248 to 10,880 contiguous square feet. The building boasts a striking mid-century modern interior design featuring museum-quality pop art installations throughout. Amenities include ample parking (3 spaces per 1,000 square feet) and a bright, two-story lobby. The building's unique aesthetic blends pop art and neo-expressionism, creating a captivating and inspiring work environment. Situated in Dallas County, Texas, zip code 75204, this property presents a rare opportunity to lease high-end office space in a truly distinctive building. The building's curated art collection is a destination in itself, offering a unique and memorable experience for tenants and visitors. This exceptional property is ideal for businesses seeking a sophisticated and inspiring workspace in the heart of Dallas. The building's location provides easy access to major transportation routes and a variety of amenities. Contact us today to schedule a viewing and explore the possibilities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $970,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,047,000
      Market price range: $1.78M - $6.05M

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.7786
    Latitude
    32.8053
    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
    $118,423
    $5,145,530
    $15,020
    $5,160,550
    -
    $5,145,530
    $15,020
    $5,160,550

    Comparable in this City

    • Value Estimation
      $3,760,000
      176,206 SF

      4211 Bryan St

      OFFICE BUILDING
      4211 Bryan St, Dallas, TX 75204-6726
      View Details
    • Value Estimation by Request
      13,158 SF

      624 Good Latimer Expy

      OFFICE BUILDING
      624 Good Latimer Expy, Dallas, TX 75204-5802
      View Details
    • Value Estimation
      $600,000
      5,417 SF

      2821 Mckinney Ave

      OFFICE BUILDING
      2821 Mckinney Ave, Dallas, TX 75204-2549
      View Details
    • Value Estimation
      $515,000
      4,265 SF

      3006 Cole Ave

      OFFICE BUILDING
      3006 Cole Ave, Dallas, TX 75204-1126
      View Details
    • Value Estimation
      $645,000
      11,944 SF

      2705 Swiss Ave

      OFFICE BUILDING
      2705 Swiss Ave, Dallas, TX 75204-5923
      View Details
    • Value Estimation by Request
      3,467 SF

      3800 San Jacinto St

      OFFICE BUILDING
      3800 San Jacinto St, Dallas, TX 75204-5225
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Downtown Dallas Multi-Functioning Commercial Studio

      Rare commercial studio with editing suites, offices, studios, and living.
      2909 San Jacinto St, Dallas, TX 75204
      View Details
    • $4,900,000
      0.41 Acres

      Live-Work Creative Studio Building

      Versatile creative production space with editing suites, private offices, and a 3-sided cyclorama wall plus private living quarters.
      2909 San Jacinto St, Dallas, TX 75204
      View Details
    • Contact for pricing
      11,944 SF

      Two-Story Asset in Old East Dallas

      Redevelopment opportunity in a rapidly transitioning Dallas submarket.
      2705 Swiss Ave, Dallas, TX 75204
      View Details
    • $1,500,000
      0.31 Acres

      Flex Space with Private Parking Court

      Multi-structure flex setup with a built-out studio space, two-story outbuilding, and expansive private parking for owner-users or live-work.
      4112 Swiss Ave, Dallas, TX 75204
      View Details
    • $1,500,000
      0.31 Acres

      Live-Work and Flex Property

      Multi-structure setup with built-out flex space, a detached two-story outbuilding, and ample on-site parking for owner-users.
      4112 Swiss Ave, Dallas, TX 75204
      View Details
    • Contact for pricing
      253,981 SF

      Dallas Land Parcel For Sale

      Large commercial land parcel available in Dallas, Texas.
      4144 N Central Expy, Dallas, TX 75204
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      182,000 SF

      Class AA Office Space Uptown

      Class AA office space in Dallas' State Thomas Historic District.
      2626 Mckinney Ave, Dallas, TX 75204
      View Details
    • Contact for pricing
      101,789 SF

      Dallas Office Space Available

      Office building with 101,789 square feet available for rent.
      2801 North Central Expy, Dallas, TX 75204
      View Details
    • Contact for pricing
      5,802 SF

      Renovated Office Building Near Baylor

      Renovated office building with convenient access to amenities and transportation.
      3310 Live Oak St, Dallas, TX 75204
      View Details
    • Contact for pricing
      9,479 SF

      Class A Office Space Available

      Class A office space for lease in Dallas, Texas.
      3232 Mckinney Ave, Dallas, TX 75204
      View Details
    • Contact for pricing
      2,827 SF

      Medical Office Space Available

      Move-in ready medical office space in Dallas' medical district.
      1015 N Carroll Ave, Dallas, TX 75204
      View Details
    • $900 /Mo
      101,538 SF

      Fully Furnished Private Office Suite

      Private offices come fully furnished with receptionist, utilities, and parking, plus shared conference rooms and amenities.
      4131 N Central Expy, Dallas, TX 75204
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4621 Ross Ave
    Dallas, TX 75204-4994
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    4621 Ross Ave, Dallas, TX, 75204
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!