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    8344 E R L Thornton Fwy Dallas, TX 75228
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    8344 E R L Thornton Fwy, Dallas, TX 75228

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    • Office buildings
    • 51,043 SF
    • 2.15 lot acres
    For Lease
    $17 SF/Yr
    View Listing →
    Office Space with Freeway Visibility For Lease
    $17 SF/Yr
    1,789 SF

    Office Space with Freeway Visibility

    Office space for rent with ample parking and freeway access.

    8344 E RL Thornton Freeway, Dallas, TX
    View Listing
    Property ID
    US83-2812652
    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

    • Farmers Insurance - Teresa Robles / Insurance Agency
    • Amalia Briano - State Farm Insurance Agent / Insurance Agency
    • Injury Relief Chiropractic – IRC Clinic / Alternative Medicine Practice
    • Callahan Properties / Real Estate Agency
    • Catalytic Solutions / Business Management Consultant

    Property Details for 8344 E R L Thornton Fwy

    Year built
    1984
    Construction
    FRAME
    Lot size
    2.15 lot acres
    Zone code
    Z248
    Property type
    Office buildings
    APN
    0084740D000010000
    APU
    0084740D000010000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 7, 2018 — City Cu 4d Sivraj LLC Grant Deed —
    Oct 18, 2016 — 4d Sivraj LLC Ozinus Thornton LLC Grant Deed $2.9M · Graham Mtg
    Aug 9, 2013 — Ozinus Thornton LLC Guaranty Corp Center LLC Warranty Deed · related —
    Jul 2, 2008 — Guaranty Corporate Center LLC Seminole 8344 Grant Deed $2M · Viewpoint Bank
    Jul 1, 2008 — Guaranty Corp Center LLC Owner Name Unavailable Grant Deed · related —
    — — Guaranty Corp Center LLC — Deed Of Trust · related $2M · Viewpoint Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $3,465,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.6977
    Latitude
    32.7929
    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
    $107,625
    $562,700
    $4,127,300
    $4,690,000
    -
    $562,700
    $4,127,300
    $4,690,000

    Comparable in this City

    • Value Estimation
      $3,860,000
      55,457 SF

      5351 Samuell Blvd

      OFFICE BUILDING
      5351 Samuell Blvd, Dallas, TX 75228-6720
      View Details
    • Value Estimation
      $960,000
      14,500 SF

      3435 Dilido Rd

      OFFICE BUILDING
      3435 Dilido Rd, Dallas, TX 75228
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    • Value Estimation by Request
      3,434 SF

      2343 Charles St

      OFFICE BUILDING
      2343 Charles St, Dallas, TX 75228-6836
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      1,500 SF

      10806 Shiloh Rd

      OFFICE BUILDING
      10806 Shiloh Rd, Dallas, TX 75228-2608
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      1,800 SF

      7720 Ferguson Rd

      OFFICE BUILDING
      7720 Ferguson Rd, Dallas, TX 75228-6350
      View Details
    • Value Estimation
      $1,120,000
      23,692 SF

      7474 Ferguson Rd

      OFFICE BUILDING
      7474 Ferguson Rd, Dallas, TX 75228-6543
      View Details

    Similar Nearby for Sale

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      Pending

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      For sale, income-oriented office-commercial property with light industrial zoning and potential for value-add repositioning.
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      View Details
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      2,700 SF

      Established Machine Shop Business For Sale

      Established machine shop business with tools and inventory for sale.
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      Vacant Land For Sale

      Vacant land available for sale.
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      View Details
    • $485,000
      0.21 Acres

      Turnkey Shared-Housing Investment Home

      Operating shared-housing setup with private bedrooms and shared living, positioned for stable rental income.
      2129 Province Ln, Dallas, TX 75228
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    • $475,000
      0.24 Acres

      Three-Bedroom Duplex Investment

      Renovated and tenant-occupied duplex offers strong rental upside and flexible options for investors or owner-occupants.
      8121 Ferguson Rd, Dallas, TX 75228
      View Details
    • Contact for pricing
      59,535 SF

      Dallas Hotel Near Transportation Hubs

      Strategically located hotel with easy access to Dallas attractions.
      8703 E R L Thornton Fwy, Dallas, TX 75228
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Professional Office Space Available

      Affordable office space with on-site management and ample parking.
      8035 E R L Thornton Fwy, Dallas, TX 75228
      View Details
    • Contact for pricing

      Retail Space Available For Lease

      Retail space available for lease, ranging from 2000-8000 square feet.
      8300 La Prada Dr, Dallas, TX 75228
      View Details
    • Contact for pricing
      6,000 SF

      Financial Services Office Space

      6,000 SF office space suitable for financial services.
      3650 N Buckner Blvd, Dallas, TX 75228
      View Details
    • Contact for pricing
      7,200 SF

      Office Space Near I-30

      Office space available for rent near major thoroughfares.
      3445 Highland Rd, Dallas, TX 75228
      View Details
    • Contact for pricing

      Office Space Near I-30

      Office space with easy access to I-30 and other highways.
      3435 Highland Rd, Dallas, TX 75228
      View Details
    • Contact for pricing
      807 SF

      Office Space with Freeway Visibility

      Office space for rent with ample parking and freeway access.
      8344 E R L Thornton Fwy, Dallas, TX 75228
      View Details

    Property Visit Statistics

    • Visits by month
      256
    • Visitors by month
      235
    • Avg Time on site
      31 min
    View Listing
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    Dallas, TX 75228
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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.

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