Property Type Office - Government Office
Property Size 104,728 Sqft
Lot Size 7 Acre
Parking Spaces Avail. 512
Parking Ratio 4.89/ 1,000 SF
Property Tenancy Single Tenant
Building Class B
Year Built 1959

Location

Map
Street

City Dallas, TX
Neighborhood Stemmons Corridor
Zip Code 75247
Market Dallas Fort Worth

Contacts

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Owner

True Owner
Registered Owner

Brokers

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Documents

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Sales

Purchase Date 14 Mar, 2003
Purchase Price
Arm's Length True
Buyer Name

Mortgages

Current Lender
Loan Amount
Loan Origination Date
Loan Maturity Date

Market Trends

Average Actual Rents in Dallas

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent

Net Rent

$44.3/SF/YR

Recoverables Show detailsHide details

$16.7/SF/YR

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Occupancy & Leasing Activity

Occupancy

83.5%

Lease Spread

-20.5%

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Asking Rents in Dallas Office Market

Office rental rates are based on aggregated data of asking rates.

2020 Avg. Asking Rent $30.36
2020 Office Vacancy Rate 20.68 %
2020 Office Completions (Sqft) 177.378

Dallas Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

2020 Avg. Price per Sqft $173.13
Y-o-Y Avg. PpSF Change -35.73 %
2020 Office Sales Volume $868.4M
2020 Number of Transactions 16

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Tax

Property Tax in 2020 $190,113
Market Value $7,033,740
Assessed Value $7,033,740

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8001 North Stemmons Fwy, Dallas, TX 75247 - Office Space

8001 North Stemmons Fwy is located at 8001 North Stemmons Fwy in the Stemmons Corridor neighborhood, TX, Dallas, 75247. The Class B Office building was completed in 1959 and features a total of 104,728 Sqft.

There are 128 office spaces for lease in the Stemmons Corridor neighborhood, totaling 635,791 Sqft of available office space. The office space availability for the 75247 zip code is 1,226,652 Sqft, in 282 office spaces. The average asking office rent per sq. ft. in Stemmons Corridor is $14/sqft/year. For Class A office buildings the average office rate is $24/sqft/year, for Class B office buildings the average office rate is $13.81/sqft/year, for Class C office buildings the average office rate is $10/sqft/year.

In Stemmons Corridor, there are 13 class B office buildings. In Stemmons Corridor, there are a total of 1 LEED certified office buildings. In 1959, the same year 8001 North Stemmons Fwy was built, 92 more commercial properties (office, industrial, retail) over 50,000 square feet were built in Dallas, featuring 1,849,459 square feet of commercial space. At zip code level, there are 168 commercial properties, of which 35 are office buildings over 50,000 square feet.