Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    7171 Forest Ln Dallas, TX 75230
    Back to Search
    Property profile & analytics

    7171 Forest Ln Dallas, TX 75230

    View on Map
    • Truck terminals
    • 2,696 SF
    • 8.10 lot acres
    For Lease
    $26 SF/Yr
    View Listing →
    Renovated Office with Modern Amenities For Lease
    $26 SF/Yr
    6,105 SF

    Renovated Office with Modern Amenities

    Office space featuring rooftop amenities and ample parking.

    7171 Forest Ln, Dallas, TX
    View Listing
    Property ID
    US82-2672478
    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

    • Veteran Parking Lot Striping / General Contractor / Construction Company
    • Michael Baker International / Engineering Consultant
    • Dallas TX Parking Lot Striping / General Contractor / Construction Company

    Property Details for 7171 Forest Ln

    Year built
    1973
    Construction
    TILT-UP CONCRETE
    Lot size
    8.10 lot acres
    Property size
    2,696 SF
    Zone code
    Z239
    Property type
    Truck terminals
    APN
    007462000D0010000
    APU
    007462000D0010000

    Description

    This exceptional eight-story, 180,000-square-foot Class B office building, located at 7171 Forest Lane in Dallas, Texas, presents a unique opportunity. Completely renovated in 2023, the property sits on 10 acres of land in Dallas County and offers a substantial 180,000 contiguous square feet, ideal for a single large tenant or multiple smaller tenants. The building features eight suites in total, currently all vacant. Amenities include elevators and ample parking. The property boasts a prime location in North Dallas' Preston Hollow neighborhood, providing convenient access to Medical City and numerous dining options. Taxes are $23 per square foot. Built in 1972, this building underwent a comprehensive renovation in 2023. The planned improvements included a rooftop addition featuring a large conference room, a bar, fitness center with showers, a tenant lounge, and a new parking garage. This presents a rare chance to secure a significant amount of office space in a highly desirable location with modern amenities. The property's size and location make it an attractive investment opportunity.

    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
    -96.7821
    Latitude
    32.9131
    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
    $68,821
    $2,999,030
    $0.00
    $2,999,030
    -
    $2,999,030
    $0.00
    $2,999,030

    Comparable in this City

    • Value Estimation by Request
      1,025 SF

      5930 Frst Ln

      MINI-WAREHOUSE, STORAGE • 1,025 SF
      5930 Frst Ln, Dallas, TX 75230
      View Details
    • Value Estimation
      $6,535,000
      265,648 SF

      7895 Riverfall Dr

      MINI-WAREHOUSE, STORAGE • 265,648 SF
      7895 Riverfall Dr, Dallas, TX 75230-4747
      View Details
    • Value Estimation by Request
      2.54 Acres

      10700 Boedeker St

      VACANT COMMERCIAL LAND • 2.54 Acres
      10700 Boedeker St, Dallas, TX 75230
      View Details
    • Value Estimation by Request
      0.17 Acres

      5930 Royal Ln

      VACANT COMMERCIAL LAND • 0.17 Acres
      5930 Royal Ln, Dallas, TX 75230-3849
      View Details
    • Value Estimation by Request
      1.56 Acres

      12602 Preston Rd

      VACANT COMMERCIAL LAND • 1.56 Acres
      12602 Preston Rd, Dallas, TX 75230
      View Details
    • Value Estimation
      $2,505,000
      170,090 SF

      12720 Hillcrest Rd

      OFFICE BUILDING • 170,090 SF
      12720 Hillcrest Rd, Dallas, TX 75230-2035
      View Details

    Similar Nearby for Sale

    • $4,295,000

      Land For Sale Dallas, TX

      Land available for purchase in Dallas, Texas.
      7320 Northaven Rd, Dallas, TX 75230
      View Details
    • $1,399,000
      0.43 Acres

      Prime Dallas Land Opportunity

      Spacious corner lot in North Dallas ready for redevelopment.
      6006 Boca Raton Dr, Dallas, TX 75230
      View Details
    • $800,000
      2,955 SF

      Dallas Duplex: Investor Opportunity

      Turnkey duplex in North Dallas, leased through September 2026.
      12608 Breckenridge Dr, Dallas, TX 75230
      View Details
    • $855,000
      0.36 Acres

      Preston Hollow Land Opportunity

      Prime 0.36 acre lot in prestigious Preston Hollow neighborhood.
      6302 Walnut Hill Ln, Dallas, TX 75230
      View Details
    • $855,000

      Land Available in Dallas, Texas

      Land for sale in Dallas County.
      6302 Walnut Hill Ln, Dallas, TX 75230
      View Details
    • $925,000
      0.23 Acres

      Crest Meadows Duplex Near Preston Hollow

      Single-story duplex in Crest Meadows, near Preston Hollow Village.
      7334-7336 Woodthrush Dr, Dallas, TX 75230
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Premier Retail Destination in Dallas

      Neighborhood retail center at a bustling Dallas intersection.
      11730 Preston Rd, Dallas, TX 75230
      View Details
    • Contact for pricing

      Two-Story Garden Office Building

      Two-story office building with convenient freeway access and nearby amenities.
      12700 Preston Rd, Dallas, TX 75230
      View Details
    • Contact for pricing
      2,155 SF

      Office Space For Lease

      Office space available for lease in a great location.
      17103 Preston Rd, Dallas, TX 75230
      View Details
    • Contact for pricing

      Royal Lane Commercial Pad Site

      High-profile commercial land for lease in prestigious Preston Hollow.
      5807 Royal Ln, Dallas, TX 75230
      View Details
    • Contact for pricing

      Retail Space in High-Traffic Area

      Retail space available in a sought-after Dallas location.
      12817 Preston Rd, Dallas, TX 75230
      View Details
    • Contact for pricing
      2,692 SF

      Retail Space on Preston Road

      Retail space for lease in a sought-after Dallas corridor.
      12835 Preston Rd, Dallas, TX 75230
      View Details
    View Listing
    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.
    7171 Forest Ln
    Dallas, TX 75230
    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
    7171 Forest Ln, Dallas, TX, 75230
    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!