12201 Merit DrDallas, TX 75251

Property Details for 12201 Merit Dr

Year built

1980

Construction

STEEL FRAME

Lot size

3.45 AC

Property size (Sq ft)

203,522 SF

Zone code

Z151

Property type

Office buildings

APN

007736000B02A0000

APU

007736000B02A0000

Description

Two Forest Plaza, located at 12201 Merit Dr, Dallas, TX 75251, presents a prime opportunity for businesses seeking high-quality office space. This Class A, 196,215 square foot building, constructed in 1981, offers a variety of suite sizes ranging from 2,326 to 18,573 square feet, accommodating diverse tenant needs. The property is ideally situated within the Park Central Business Park, providing convenient access to nearby hotels and restaurants. The building features a six-level covered parking garage ensuring ample parking for tenants and visitors. Additional amenities include a state-of-the-art conference center, a fully equipped fitness center, and a dedicated loading/service area for efficient operations. Tenants benefit from tenant-controlled HVAC systems, providing customized climate control. On-site management and a security guard provide peace of mind, further enhanced by an after-hours passcard security system. Two Forest Plaza has achieved the prestigious BOMA 360 designation, signifying its commitment to exceptional building management and operational excellence. This multi-tenant building offers a blend of medical and traditional office spaces, making it a versatile option for a wide range of businesses. The building's prime location, comprehensive amenities, and commitment to security and efficiency make it an attractive investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $40,398,408

  6.5%

  $37,290,836

  7%

  $34,627,204

• Comparable approach

  Method

  Valuation

  Relative Method

  $29,148,694

  Geo Method

  $24,487,768

• Alternative Use

  Use

  Valuation

  Residential

  $46,240,636

  Hospitality

  $42,356,176

  Educational

  $35,239,840

  Medical

  $36,451,792

  Retail

  $54,817,532

Location Insight

City

Dallas

County

Dallas

State

Texas

Latitude

32.9142

Longitude

-96.7738

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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