1601 Elm St, Dallas, TX 75201 – Office Building Low Rise 1 - 4 stories

OfficeYear Built 1981Total Assessed Value $209,089,580County Dallas

Property Details

The Office property 1601 Elm St, Dallas, TX 75201 is located in Dallas County. The specific property type is Office Building Low Rise 1 - 4 stories. The total assessed value of this property is $209,089,580.

The gross building area is 1,395,192 square feet and the land area is 62,722 square feet for this Office Building Low Rise 1 - 4 stories built in 1981.

Legal description: Thanksgiving Tower Condo Blk 75 Acs 1.4399 Int201300215369 Dd07092013 Co-Dc 0075 000 000 1000075 000

$209,089,580

Market Value

8.00%

Cap Rate

N/A

NOI

N/A

Occupancy

$9,589

Avg Rent

Property Image of 1601 Elm St, Dallas, TX 75201, Office

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Property Information

Property TypeOffice

Sub Property TypeOffice Building Low Rise 1 - 4 stories

Building Area1,395,192

Land Size62,722

Land Value$5,958,590

Improved Value$203,130,990

Total Assessed Value$209,089,580

Year Built1981

County NameDallas

Account Number00C71970000100100

Cap Rate8.00%

Very Walkable

Good Transit

Bikeable

Amenities

Air ConditioningCentral

HeatingCentral

Type ConstructionSteel

No of Stories50

Garage TypeMixed 1567

BasementPartial basement

Number of Units291

Sales History

8/22/2018

Arms-lengthNot Disclosed

Buyer

Whitacre Tower Holdings Lp

Seller

Iep Dallas Llc

Book Number

2018.230609

Recording Date

8/22/2018

Transaction Details

Whitacre Tower Holdings Lp acquired the property from Iep Dallas Llc through a Arms-length transaction on 8/22/2018 for .

12/21/2016

Arms-length$145,500

Buyer

1601 Elm Holdings Lp

Seller

Pe Tower Garage Holdings Lp

Book Number

2016.356445

Recording Date

12/21/2016

Transaction Details

1601 Elm Holdings Lp acquired the property from Pe Tower Garage Holdings Lp through a Arms-length transaction on 12/21/2016 for $145,500.

12/15/2009

OtherNot Disclosed

Buyer

Donald D Humphreys

Seller

Book Number

Recording Date

12/15/2009

Transaction Details

Donald D Humphreys acquired the property from through a Other transaction on 12/15/2009 for .

6/1/2009

Arms-length$3,234,400

Buyer

Sowell James E

Seller

Ligon Clyde W

Book Number

2009.158261

Recording Date

6/1/2009

Transaction Details

Sowell James E acquired the property from Ligon Clyde W through a Arms-length transaction on 6/1/2009 for $3,234,400.

2/20/2007

Arms-length$107,000,000

Buyer

Ypi Thanksgiving Tower Owner Llc

Seller

T Tower Lp

Book Number

20070066046

Recording Date

2/20/2007

Transaction Details

Ypi Thanksgiving Tower Owner Llc acquired the property from T Tower Lp through a Arms-length transaction on 2/20/2007 for $107,000,000.

Property constructed in 1981

YSale Price (USD) byXSales Year

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Mortgage History

8/8/2025

Arms length residential transactions purchase or resales$132,500,000

Borrower

1601 Elm Holdings Lp

Lender

Cim Real Estate Credit Llc

Book Number

2025.167741

Recording Date

8/8/2025

Transaction Details

1601 Elm Holdings Lp borrowed the property from Cim Real Estate Credit Llc through a Arms length residential transactions purchase or resales transaction on 8/8/2025 for $132,500,000.

3/15/2019

Arms length residential transactions purchase or resales$131,400,000

Borrower

1601 Elm Holdings Lp

Lender

Book Number

2019.66220

Recording Date

3/15/2019

Transaction Details

1601 Elm Holdings Lp borrowed the property from through a Arms length residential transactions purchase or resales transaction on 3/15/2019 for $131,400,000.

12/21/2016

Helocs both purchase money and non purchase money helocs$116,400

Borrower

1601 Elm Holdings Lp

Lender

Delphi Cre Funding Llc

Book Number

2016.356446

Recording Date

12/21/2016

Transaction Details

1601 Elm Holdings Lp borrowed the property from Delphi Cre Funding Llc through a Helocs both purchase money and non purchase money helocs transaction on 12/21/2016 for $116,400.

12/20/2013

Sale$105,800,000

Borrower

Lender

Book Number

Recording Date

12/20/2013

Transaction Details

borrowed the property from through a transaction on 12/20/2013 for $105,800,000.

6/1/2009

Helocs both purchase money and non purchase money helocs$2,587,500

Borrower

Sowell James E

Lender

Book Number

2009.158262

Recording Date

6/1/2009

Transaction Details

Sowell James E borrowed the property from through a Helocs both purchase money and non purchase money helocs transaction on 6/1/2009 for $2,587,500.

2/20/2007

Sale$84,000,000

Borrower

Ypi Thanksgiving Tower Owner Llc

Lender

Countrywide Commercial Real Estate Finan

Book Number

2007.66047

Recording Date

2/20/2007

Transaction Details

Ypi Thanksgiving Tower Owner Llc borrowed the property from Countrywide Commercial Real Estate Finan through a transaction on 2/20/2007 for $84,000,000.

Property constructed in 1981

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Assessment History

Assessment Year ↓	Assessed Land Value ↕	Assessed Improved Value ↕	Assessed Total Value ↕	Market Value ↕	Owner Name ↕	Owner Address ↕	Legal Description ↕	Neighborhood Code ↕	Sub Division ↕	Land Size (SF) ↕	GBA (SF) ↕
2026	$5,958,590	$228,309,900	$234,268,490	$234,268,490	1601 Elm Holdings Lp	1601 Elm St Ste 3110	Thanksgiving Tower C...	1DSJ7A	-	62,722	1,395,192
2025	$5,958,590	$179,929,410	$185,888,000	$185,888,000	1601 Elm Holdings Lp	1601 Elm St Ste 3110	Thanksgiving Tower C...	1DSJ7A	-	62,722	1,395,192
2024	$5,958,590	$130,161,410	$136,120,000	$136,120,000	1601 Elm Holdings Lp	1601 Elm St Ste 3110	Thanksgiving Tower C...	1Dsj7A	THANKSGIVING TOWER C...	62,722	1,395,192
2023	$5,958,590	$106,012,990	$111,971,580	$111,971,580	1601 Elm Holdings Lp	1601 Elm St Ste 3110	Thanksgiving Tower C...	1DSJ7A	THANKSGIVING TOWER C...	62,722	1,500,000
2022	$5,958,590	$90,162,990	$96,121,580	$96,121,580	1601 Elm Holdings Lp	1601 Elm St Ste 3110	Thanksgiving Tower C...	1DSJ7A	-	62,722	1,500,000
2021	$5,331,370	$90,340,210	$95,671,580	$95,671,580	1601 Elm Holdings Lp	1601 Elm St Ste 3110	Thanksgiving Tower C...	1DSJ7A	THANKSGIVING TOWER C...	62,722	1,500,000
2020	$5,331,370	$83,290,210	$88,621,580	$88,621,580	1601 Elm Holdings Lp	1601 Elm St Ste 3110	Thanksgiving Tower C...	1DSJ7A	-	62,722	1,500,000
2019	$4,076,930	$78,226,150	$82,303,080	$82,303,080	1601 Elm Holdings Lp	1601 Elm St Ste 3110	Thanksgiving Tower C...	1DSJ7A	THANKSGIVING TOWER C...	62,722	1,500,000
2018	$4,076,930	$78,226,150	$82,303,080	$82,303,080	1601 Elm Holdings Lp	1601 Elm St Ste 3110	Thanksgiving Tower C...	1DSJ7A	THANKSGIVING TOWER C...	62,722	1,500,000
2017	$4,076,930	$75,045,980	$79,122,910	$79,122,910	1601 Elm Holdings Lp	1601 Elm St Ste 3110	Thanksgiving Tower C...	1DSJ7A	THANKSGIVING TOWER C...	62,722	1,500,000

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Rent & Occupancy

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Comparables

Address ↕	Assessors Parcel Number ↕	Property Type ↕	Property Sub Type ↕	Owner Name ↕	County ↕	Miles ↕	Sale Price ↕	Sale Date ↕	Price / SF ↕	Year Built ↕	GBA ↕	Units ↕
1601 Elm St, Dallas, TX 75201	00C71970000100100	Office	Office Building Low Rise 1 - 4 stories	1601 Elm Holdings Lp	Dallas	-	-	-	-	1981	1,395,192	291
2221 Lakeside Blvd, Richardson, TX 75082	42076680010030000	Office	Office Building Low Rise 1 - 4 stories	Lakeside Commercial Lp	Dallas	14.6	$ 27,132,000	2024-11-08	$ 32.53	1991	833,937	-
1201 State St, Richardson, TX 75082	2719585	Office	Office Building High Rise 5+ stories	Jfsf Edgewood 13 Llc	Collin	16.3	$ 199,500,000	2024-06-13	$ 155.45	2013	1,283,376	-
8750 N Central Expy, Dallas, TX 75231	00000404860000000	Office	Office Building High Rise 5+ stories	Rcs Park Lane Llc	Dallas	6.1	$ 69,678,700	2024-12-27	$ 135.93	1981	512,620	-
1717 Main St, Dallas, TX 75201	00000101578000000	Office	Office Building Low Rise 1 - 4 stories	Srec 1717 Tower Owner Llc	Dallas	0.1	$ 216,477,860	2024-05-17	$ 123.47	1985	1,753,353	-
6303 Forest Park Rd, Dallas, TX 75235	00000430651000000	Office	Office Building Low Rise 1 - 4 stories	Board Of Reg Of Univ Of Tx System	Dallas	4.0	$ 6,528,000	2024-01-31	$ 10.31	1957	633,256	-
1 W Independent Dr, Jacksonville, FL 32202	074459-0000	Office	Office Building Low Rise 1 - 4 stories	Allegiance Jacksonville Llc	Duval	911.9	$ 41,715,000	2024-04-22	$ 44.76	1975	931,916	1
1170 Peachtree St Ne, Atlanta, GA 30309	17 -0106-0005-046-5	Office	Office Building Low Rise 1 - 4 stories	Tl Co Proscenium Owner Llc	Fulton	724.2	$ 83,250,000	2024-08-01	$ 133.30	2000	624,521	1
12790 Merit Dr, Dallas, TX 75251	00000767319350000	Office	Office Building Low Rise 1 - 4 stories	Mcm Park Central Dallas Ii Llc	Dallas	9.9	$ 44,689,877	2022-11-21	$ 79.02	1982	565,528	-
400 S Tryon St, Charlotte, NC 28285	073-025-11	Office	Office Building Low Rise 1 - 4 stories	400 South Tryon Property Llc	Mecklenburg	933.5	$ 36,000,000	2025-04-27	$ 61.45	1974	585,859	1
1225 Winnifred St, Charlotte, NC 28203	073-073-01	Office	Office Building Low Rise 1 - 4 stories	Cousins Vantage Lp	Mecklenburg	933.1	$ 328,500,000	2024-12-02	$ 494.60	2019	664,175	-

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Nearby Lenders

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Lender Name ↕	Property Address ↕	Loan Date ↕	Mortgage Amount ↕	Land Size (SF) ↕	Year Built ↕	GBA (SF) ↕	Total Assessed Value ↕	Land Assessed Value ↕	Borrower ↕
—	1601 Elm St, Dallas, TX 75201	—	-	62,722	1981	1,395,192	$ 209,089,580	$ 5,958,590	-
Regions Bank	1333 N Peak St, Dallas, TX 75204	09/04/2025	$ 93,000,000	6,277	2003	6,806	$ 865,000	$ 345,240	Egw Live Oak Investment Lp
Cim Real Estate Credit Llc	1601 Elm St, Dallas, TX 75201	08/08/2025	$ 132,500,000	62,722	1981	1,395,192	$ 209,089,580	$ 5,958,590	1601 Elm Holdings Lp
American Natl Banktexas The	2913 Canton St, Dallas, TX 75226	08/01/2025	$ 1,780,000	6,250	1946	3,500	$ 670,400	$ 281,250	Central Medical Center Pllc
First United Bank	301 N Crowdus St, Dallas, TX 75226	07/29/2025	$ 10,875,000	116,392	1954	73,201	$ 4,984,900	$ 4,946,660	Dos Hombres Ventures Llc
Danistes Llc	3000 Harry Hines Blvd, Dallas, TX 75201	06/12/2025	$ 47,000,000	163,786	1950	15,250	$ 29,532,540	$ 28,662,550	Kdp Ch Investors Lp
American Bank Of Commerce	910 N Central Expy, Dallas, TX 75204	06/04/2025	$ 1,000,000	25,469	1982	8,968	$ 1,540,140	$ 1,273,450	Tm Development Partners Limite
Texas Certified Dev Co Inc	608 N Haskell Ave, Dallas, TX 75246	02/19/2025	$ 668,340	5,000	1952	2,040	$ 624,880	$ 225,000
Horizon Bank Ssb	2906 Maple Ave, Dallas, TX 75201	01/28/2025	$ 868,245	13,905	1963	14,580	$ 2,350,000	$ 2,224,800	-
Horizon Bank Ssb	2906 Maple Ave, Dallas, TX 75201	01/28/2025	$ 868,245	13,905	1963	14,580	$ 2,350,000	$ 2,224,800
Horizon Bank Ssb	2912 Maple Ave, Dallas, TX 75201	01/28/2025	$ 868,245	10,144	1923	6,440	$ 2,255,000	$ 1,775,200	-

Mean$ 30,942,734

Median$ 5,856,000.0

Loan Amount Range$ 300,000 - $ 162,765,309

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Tenant Details

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Property Address ↕	Owner Name ↕	Phone ↕	Industry Description ↕
1601 ELM ST, DALLAS, TX 75201-4701	INTERNAP NETWORK SVC	9726611960	INTERNET SERVICE
1601 ELM ST, DALLAS, TX 75201-4701	TIPS FOR CRIMESTOPPERS	2147608477	ORGANIZATIONS
1601 ELM ST, DALLAS, TX 75201-4701	REYNOLDS SECURITY ASSOC LLC	2149167672	SECURITY GUARD & PATROL SERVICE
1601 ELM ST, DALLAS, TX 75201-4701	UBS FINANCIAL SVC	2149786000	FINANCIAL ADVISORY SERVICES
1601 ELM ST STE 3000, DALLAS, TX 75201-4757	DESKIN, CHRIS	2149994731	ATTORNEYS
1601 ELM ST STE 3500, DALLAS, TX 75201-4703	ANIMAL BIOTECH LLC	2148713320	FEDERAL GOVERNMENT CONTRACTORS
1601 ELM ST STE 3700, DALLAS, TX 75201-4798	MC LEOD JORDAN, MARGARET	2147774213	ATTORNEYS
1601 ELM ST STE 4900, DALLAS, TX 75201-7258	HARTNETT LAW FIRM	8009009702	ATTORNEYS
1601 ELM ST STE 4100, DALLAS, TX 75201-7274	LABORS FOR NEIGHBORS INC	2149228910	ATTORNEYS
1601 ELM ST STE 4600, DALLAS, TX 75201-7212	ADVANCED DERMATOLOGY VEIN CLNC	6466470411	PHYSICIANS & SURGEONS

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License Details

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