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$1,230,770

8347 Park Lane, Dallas, TX, 75231

Off MarketInfo
CommercialInfo
Baths0 Bath
Baths8,491 Sq Ft
OfficeOffice
price_per_sqft$270.88 / sqft
Year BuiltBuilt in 1979

Highlights

Interior

Bathrooms 0Bathrooms 0
Heating CentralHeating Central
CoolingCooling
FlooringOther

Exterior

Lot Size29,534 sqft

Building Information

Year Built1979
Stories1

Land Information

APN00000367082000000
Lot Number29D
Land UseCommercial
Legal DescriptionHOLLY HILL CENTER BLK 5/5197 LT 29D PARK LN & RIDGECREST RD INT201900329328 DD12052019 CO-DC 5197 005 29D00 3005197 005
Census Tract007815
Assessed Land Value$590,680
Assessed Improvement Value$640,090
Assessment Year2025

About this property

Location, Location! An excellent opportunity for Commercial Developers and Investors in anticipated future upscale neighborhood within vicinity to Downtown Dallas and target areas. This multi-tenant facility has Low turn-over tenants as most tenants occupied this building more than ten years. Tenancy occupancy rate is high due to high visibility & high traffic areas where all the major roads meet. According to the City, the building is zoned to attract different businesses. Pro Forma rental of the future is very bright and even more profitable. Sellers are ready to retire after 20 years of management & dedication to this fantastic unit.

Investor Tools

Property Icon
$1,230,770
Estimated Property Value
$0Estimated Mortgage Balance
$1,222,644Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$13,800 /month
Positive
Cash Flow Estimate:
$4,600 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,805/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$27,508
$1,230,770
2025
$590,680
$640,090
$1,230,770
No

Tax History

Year
Tax Paid
Assessed Value
2024
$27,508
$1,230,770

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
1st International Bank
Commercial
$468,750
No
First
Jul 16, 1996
Jul 1999

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$8,126
$1,222,644
99%
1%
$4,114/mo

Learn About the Market: Opportunity in Dallas

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Explore

Dallas

The largest metro area in Texas, Dallas–Fort Worth blends corporate muscle with suburban sprawl and long-run growth. Anchored by Fortune 500 headquarters, two major airports, and sprawling master-planned communities, the region stretches from Uptown Dallas high-rises to Fort Worth’s historic Stockyards.

DFW is where finance meets freight, tech meets transportation, and new subdivisions seem to rise as quickly as new logistics hubs. It’s a metro defined by scale — in jobs, rooftops, and opportunity.

Explore Texas Explore This Area
Population Growth

Population Growth

~0.8%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$318,600

Unemployment Rate

Unemployment Rate

3.60%

Price Trend

Price Trend

~2–3% YoY growth

New Permits

New Permits

~5,500 units

City: Dallas

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8347 Park Lane | Property Details | No Agent List