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

    6060 Central Expy Dallas, TX 75206

    • Office buildings
    • 239,328 SF
    • 1.81 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-9619915
    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

    • Appliance Repair of North Texas / Appliance Repair Service
    • Katz Law PLLC / Legal Services
    • Mockingbird Pharma / Pharmaceutical Products Wholesaler / Pharmacy
    • LJA Engineering, Inc. / Landscape Architect / Civil Engineering Company
    • Myriad Roofing & Construction LLC / Roofing Contractor

    Property Details for 6060 Central Expy

    Year built
    1972
    Construction
    FRAME
    Lot size
    1.81 lot acres
    Property size
    239,328 SF
    Property type
    Office buildings
    APN
    005185000101F0000
    APU
    005185000101F0000

    Description

    This exceptional Class A office space, located at 6060 N Central Expy in Dallas, Texas (zip code 75206), offers a variety of flexible options for businesses of all sizes. The property boasts a total of 2,500 square feet, currently entirely vacant and available for immediate occupancy. Suites range from a minimum of 75 square feet to a maximum contiguous space of 2,500 square feet, making it ideal for single entrepreneurs or larger teams. The building is situated in Dallas County and offers multiple tenancy options. The property is categorized as a Traditional Office, Executive Office, Coworking, and Creative Office space, providing versatility to accommodate diverse business needs. Fully furnished options are available, including amenities such as an onsite receptionist, printing services, refreshments, parking, utilities, and janitorial services. Additional benefits include access to conference rooms and shared amenities, local business phone lines with unlimited domestic long-distance calling, and a 24/7 fitness center. This location provides convenient access to the Mockingbird Station area and Southern Methodist University (SMU). All information should be verified independently.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.7748
    Latitude
    32.8399
    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
    $599,206
    $3,932,150
    $22,179,540
    $26,111,690
    -
    $3,932,150
    $22,179,540
    $26,111,690

    Comparable in this City

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      8080 Central Expy

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    • Value Estimation
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      4300 Central Expy

      OFFICE BUILDING • 31,861 SF
      4300 Central Expy, Dallas, TX 75206-6532
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    • Value Estimation by Request
      3,200 SF

      5539 Dyer St

      OFFICE BUILDING • 3,200 SF
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      1,030 SF

      4625 Greenville Ave Ste, Unit 302

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      4625 Greenville Ave Ste, Dallas, TX 75206-5045
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    • Value Estimation
      $3,170,000
      20,329 SF

      1651 Matilda St

      OFFICE BUILDING • 20,329 SF
      1651 Matilda St, Dallas, TX 75206-8880
      View Details
    • Value Estimation
      $21,705,000
      408,320 SF

      4849 Greenville Ave

      OFFICE BUILDING • 408,320 SF
      4849 Greenville Ave, Dallas, TX 75206-4130
      View Details

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    Similar Nearby for Lease

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      Dallas Office Space for Rent

      Office property available for lease in Dallas, Texas.
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    • $1,050 /Mo
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      Dallas Office Space For Lease

      Office property available for lease in Dallas, Texas.
      6060 N Central Expy, Dallas, TX 75206
      View Details
    • Contact for pricing
      2,500 SF

      Prime Dallas Office Space Near SMU

      Class A Office Suites, 75-2,500 sq ft
      6060 Central Expy, Dallas, TX 75206
      View Details
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    Dallas, TX 75206
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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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