Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    7999 Virginia Dr Dallas, TX 75237

    • Medical offices
    • 14,968 SF
    • 1.39 lot acres
    For Lease
    View listing
    $21 SF/Yr
    Value Estimations
    $600,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3301455
    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

    • Latha Velusamy, MD / Nephrologist
    • John Westkaemper, M.D. / Orthopedic Surgeon / Surgical Center
    • Ajay Kallam, MD / Nephrologist
    • Srividya Venkataraman, MD / Nephrologist
    • De Shawndranique Gray, MD / Obstetrician-Gynecologist

    Property Details for 7999 Virginia Dr

    Year built
    2008
    Construction
    FRAME
    Lot size
    1.39 lot acres
    Property size
    14,968 SF
    Zone code
    Z151
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    754700030050000
    APU
    754700030050000

    Description

    This exceptional 8,668 square foot medical office building in Dallas, Texas, presents a unique leasing opportunity. Located at 7999 W Virginia Dr, in Dallas County, zip code 75237, the property offers a total of three suites, currently fully vacant and available for lease. The building is categorized as a multi-tenant office space, specifically designed for medical practices. Flexible space options are available, with a minimum leasable area of 2,110 square feet and a maximum contiguous space of 4,518 square feet. This allows for adaptability to various medical practices' needs, whether a single large tenant or multiple smaller ones. The property's prime location in Dallas offers excellent visibility and accessibility for patients and staff. The building's total square footage is 8,668 square feet, providing ample space for a variety of medical services. Interested parties are encouraged to inquire about lease terms and conditions. This is an excellent opportunity to establish or expand a medical practice in a thriving Dallas location. The property is conveniently situated at 32.6496088 latitude and -96.8765986 longitude. All 8,668 square feet are currently available.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $590,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $695,000
      Market price range: $374k - $921k

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.8764
    Latitude
    32.6496
    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
    $56,745
    $302,460
    $2,098,160
    $2,400,620
    -
    $302,460
    $2,098,160
    $2,400,620

    Comparable in this City

    • Value Estimation
      $470,000
      17,000 SF

      7989 Virginia Dr

      MEDICAL BUILDING • 17,000 SF
      7989 Virginia Dr, Dallas, TX 75237-3837
      View Details
    • Value Estimation
      $380,000
      8,372 SF

      7979 Virginia Dr

      MEDICAL BUILDING • 8,372 SF
      7979 Virginia Dr, Dallas, TX 75237-3798
      View Details
    • Value Estimation
      $425,000
      6,147 SF

      3503 Wheatland Rd

      MEDICAL BUILDING • 6,147 SF
      3503 Wheatland Rd, Dallas, TX 75237-3461
      View Details
    • Value Estimation
      $465,000
      5,517 SF

      3670 Wheatland Rd

      MEDICAL BUILDING • 5,517 SF
      3670 Wheatland Rd, Dallas, TX 75237-3462
      View Details
    • Value Estimation
      $985,000
      151,850 SF

      3450 Cp Wisdom Rd

      MEDICAL BUILDING • 151,850 SF
      3450 Cp Wisdom Rd, Dallas, TX 75237-2504
      View Details
    • Value Estimation
      $445,000
      6,050 SF

      8067 Virginia Dr

      MEDICAL BUILDING • 6,050 SF
      8067 Virginia Dr, Dallas, TX 75237-3767
      View Details

    Similar Nearby for Sale

    • $1,500,000
      13.26 Acres

      Dallas Residential Land Development Opportunity

      13.26 Acres, R-10 Zoning, Prime Dallas Location
      4212 Corral Dr, Dallas, TX 75237
      View Details
    • $1,850,000
      6,025 SF

      Retail Building in Dallas, TX

      6,025 SF retail building for sale in Dallas, TX.
      2738 W Wheatland Rd, Dallas, TX 75237
      View Details
    • Contact for pricing

      Dallas Land Near Interstate 20

      1.99-acre commercial land with access to major routes.
      8718 Stoneview Dr, Dallas, TX 75237
      View Details
    • Contact for pricing

      Dallas Land For Sale

      Land for sale in Dallas, near S Cockrell Hill.
      4350 Gannon Ln, Dallas, TX 75237
      View Details
    • $8,523,000
      13,420 SF

      Dallas CVS Investment Property

      NNN leased CVS in Dallas with drive-thru.
      2420 W Wheatland Rd, Dallas, TX 75237
      View Details
    • Contact for pricing
      1,523 SF

      Retail Outparcel at RedBird Shops

      1,523 SF retail space with strong accessibility and visibility.
      3314 W Camp Wisdom Rd, Dallas, TX 75237
      View Details

    Similar Nearby for Lease

    • $21 SF/Yr
      8,668 SF

      Dallas Medical Office Space For Lease

      8,668 SF Medical Office Building - Dallas, TX
      7999 Virginia Dr, Dallas, TX 75237
      View Details
    • Contact for pricing
      5,404 SF

      Office Space with Building Signage

      Office building with newly completed suite and excellent visibility.
      5510-5520 South Westmoreland Rd, Dallas, TX 75237
      View Details
    • $14 SF/Yr
      3,013 SF

      Office Space Available For Rent

      Office space available for lease in Dallas, Texas.
      2550 Beckleymeade Ave, Dallas, TX 75237
      View Details
    • Contact for pricing
      1,077 SF

      Office Space for Rent

      Office space available for lease in Dallas, Texas.
      3920 W Wheatland Rd, Dallas, TX 75237
      View Details
    • Contact for pricing
      1,313 SF

      Retail Space For Lease

      In-line retail space available for lease with ample parking.
      3203 W Camp Wisdom Rd, Dallas, TX 75237
      View Details
    • $12 SF/Yr
      810 SF

      Retail Space with Barber Chairs

      Open concept retail space with barber chairs for rent.
      7010 American Way, Dallas, TX 75237
      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.
    7999 Virginia Dr
    Dallas, TX 75237
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.