Brick Downtown Strip
For Sale
$580,000
708 Cedar Street, Cedar Hill, TX 75104
CommercialSale, Cedar Hill, TX
Property Size2,432 SF
Lot Size0.11 Acres
Price / SF$238.49
Days on Market129
Property Features for 708 Cedar Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
Commercial, office, retail
Parking features
On Street
Subdivision
K C Div
Lot features
Historic District
Directions
From HWY 67 take Belt Line West, turn left on S Broad St, turn right on Cedar St.
Standard status
Active
APN
160215000003R0000
Lot size
0.11 Acres
Taxes and HOA fees
Tax Description
PT LOT 3R ACS 0.0513, KC Division LOT3R.1 ACS 0.06
Tax Annual Amount
4374
Legal Description
PT LOT 3R ACS 0.0513, KC Division LOT3R.1 ACS 0.06
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1967
Floors in Building
1
Number of units
4
Flooring type
Laminate
Building materials
Brick
Listing Agency:
Tero Real Estate
(972) 777-4141
Listed By:
Chris Cauda · License #0732537
(732) 713-1762
Added: May 5
Changed: Aug 21
Last Checked: Sep 10 at 5:06PM
MLS# 21170855
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.
This retail-office strip mall at 708-712 Cedar Street contains approximately 2,432 square feet and dates to 1967. The building features brick construction, laminate flooring, central heating, and central air. Active leases are in place, while the layout may allow space for an owner occupant.
The property occupies 0.1148 acres in the historic downtown square of Cedar Hill. Public water and public sewer serve the site, with on-street parking available.
The property occupies 0.1148 acres in the historic downtown square of Cedar Hill. Public water and public sewer serve the site, with on-street parking available.
Key Highlights
- Approximately 2,432 SF retail‑office building
- Active leases in place
- Potential for an owner occupant
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$40,367
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.96%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$807,340
$807.3K
Cap Rate 7%
$576,671
$576.7K
Cap Rate 9%
$448,522
$448.5K
Market Conditions
NOI Build-Up for 2,432 SF
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.
Gross rent
$60.7K $24.96/SF
− Vacancy
−$3.0K −$1.25/SF
EGI
$57.7K $23.71/SF
− OpEx
−$17.3K −$7.11/SF
NOI
$40.4K $16.60/SF
Area
Dallas County, TX
Vacancy
5.00%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$807,340
Cap Rate 7%
$576,671
Cap Rate 9%
$448,522
Alternative Uses
Best Use
Retail
$576.7K
$504.6K – $672.8K
NOI $40,367 @ 7.0% cap · market cap 6.96%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$29.15M
$25.51M – $34.01M
NOI $2,040,607 @ 7.0% cap · market cap 351.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
545
Businesses Nearby
9k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Texaco
Shops & Services
9,408 visits/mo
0.4 miles
Demographics for 75104, TX
49,749
Population
17,365
Households
2.9
Avg Household Size
37
Median Age
31%
College-Educated
91%
High-School Grad
36.9 sq mi
ZIP Area
1,348
Density / Sq Mi
$91,147
Median Household Income
$46,579
Median Earnings
$1,886
Median Rent
$274,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - The retail-office property has active leases and can accommodate an owner-user arrangement.
Where is this strip mall located?
The property is located at 708 Cedar Street Cedar Hill, TX.
What is the asking price?
The asking price for this property is $580,000.
What are key features of this property?
This property features: Approximately 2,432 SF retail‑office building; Active leases in place; Potential for an owner occupant
