This exceptional three-story, 22,438-square-foot office building, constructed in 1954 and extensively renovated in 2023, presents a unique investment opportunity in Dallas County. Located on Harry Hines Boulevard, west of Old Parkland and east of the Design District, this Class B property offers unparalleled convenience and accessibility. The building features a secure, gated, and well-lit parking lot with excellent availability, a significant advantage in this desirable area. Multiple tenancy options are available, ranging from 1,226 square feet to the entire 22,438 square feet. Several move-in-ready, state-of-the-art executive office suites are immediately available, showcasing high ceilings and modern glass offices. Additionally, clean shell spaces provide the flexibility to create custom layouts tailored to specific business needs. The building also includes a small third-floor loft area and roof access, along with convenient grade-level roll-up door access. Interior features include exposed red brick and updated LED lighting. This property is ideally suited for a single-tenant user seeking a prestigious location or for an investor looking for a multi-tenant income-generating asset. The 0.99-acre lot provides ample space and parking. This is a rare opportunity to acquire a well-maintained, versatile office building in a thriving Dallas location.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$1,687,478
6.5%
$1,557,672
7%
$1,446,410
Comparable approach
Method
Valuation
Relative Method
$1,101,794
Geo Method
$3,286,105
Alternative Use
Use
Valuation
Residential
$1,931,514
Hospitality
$1,769,256
Educational
$1,472,000
Medical
$1,522,625
Retail
$2,289,778
Location Insight
City
Dallas
County
Dallas
State
Texas
Latitude
32.8032
Longitude
-96.8187
CBSA code
19100
CBSA name
DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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