Industrial Flex Building with
11421 Chairman Drive Dallas, TX 75243
New
11421 Chairman Drive, Dallas, TX, 75243
$1,799,000
For Sale
$1,799,000
SINGLE_FAMILY - Dallas, TX
Property Size7,472 SF
Lot Size0.34 Acres
Price / SF$240.77
Days on Market2
Property Features for 11421 Chairman Drive
General Information
- Property type
- Residential
- Property subtype
- Office
- Parking features
- Parking Lot, Garage, Carport, Alley
- Standard status
- Active
- APN
- 00000787037780000
- Lot size
- 0.34 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 1977
- Floors in Building
- 1
- Number of units
- 1
- Flooring type
- Tile, Concrete, Vinyl
- Building materials
- Brick, MetalSiding, Concrete
- Roof type
- Built-Up, Flat
Listing agency
Citiwide Properties Corp.
(972) 805-4399
Listed by
Don Ton
(972) 808-9988
Added: Jul 22 Updated: Jul 23 at 3:38AM Checked: Jul 23 at 5:06AM
MLS# 21302347
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Industrial flex building at 11421 Chairman Drive, featuring approximately 2,164 SF of office space and 5,650 SF of warehouse space within a flexible industrial layout. The warehouse provides 24' clear height, supported by two grade-level overhead doors. The office portion includes private offices, a conference room, a kitchen, and restrooms.
The property also offers ample parking and 15,000+ SF of fenced outdoor storage, supporting operations that require material staging or equipment storage outside. Convenient access to I-635, US-75, and the Dallas North Tollway connects the site to the broader Dallas–Fort Worth area.
Designed for owner-users and organizations needing both workplace buildout and warehouse space, the building combines functional office improvements with clear-height industrial space and exterior storage capacity.
The property also offers ample parking and 15,000+ SF of fenced outdoor storage, supporting operations that require material staging or equipment storage outside. Convenient access to I-635, US-75, and the Dallas North Tollway connects the site to the broader Dallas–Fort Worth area.
Designed for owner-users and organizations needing both workplace buildout and warehouse space, the building combines functional office improvements with clear-height industrial space and exterior storage capacity.
Key Highlights
- 7,472 SF industrial flex building with approx. 2,164 SF office and 5,650 SF warehouse on a 1‑acre lot
- 24' clear height with two grade‑level overhead doors
- Includes private offices, a conference room, kitchen, and restrooms
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $134.5k | $18.00 |
| − Vacancy | −$13.4k | −$1.80 |
| EGI | $121.0k | $16.20 |
| − OpEx | −$42.4k | −$5.67 |
| NOI | $78.7k | $10.53 |
7,472 SF · lease $18.00/SF/yr · vacancy 10.00% · expense 35.00%
Alternative Uses
Best Use
Office B
$6.13M
$5.36M – $7.15M
NOI $429,072 @ 7.0% cap · market cap 23.85%
Second Best
Flex RnD
$1.12M
$983.5K – $1.31M
NOI $78,680 @ 7.0% cap · market cap 4.37%
Theoretical Best
Office A
$8.18M
$7.16M – $9.54M
NOI $572,498 @ 7.0% cap · market cap 31.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Sentry Air
HVAC Service
Sentry Telecom, LLC.
Security Service
Sentry Technical Services
Security Service
DC Gen Roofing ...
Roofing Company
Lone Star Water ...
Plumbing Service
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FAQs
What type of property is this?
Flex space - Industrial flex building with private offices, two grade-level doors, and fenced outdoor storage.
Where is this flex space located?
The property is located at 11421 Chairman Drive Dallas, TX.
What is the asking price?
The asking price for this property is $1,799,000.
What are key features of this property?
This property features: 7,472 SF industrial flex building with approx. 2,164 SF office and 5,650 SF warehouse on a 1‑acre lot; 24' clear height with two grade‑level overhead doors; Includes private offices, a conference room, kitchen, and restrooms
