Income Potential Retail-Office
708 Cedar Street Cedar Hill, TX 75104
For Sale
$580,000
SINGLE_FAMILY - Cedar Hill, TX
Property Size2,432 SF
Lot Size0.11 Acres
Price / SF$238.49
Days on Market83
Property Features for 708 Cedar Street
General Information
- Property type
- Residential
- Property subtype
- Retail
- Parking features
- On Street
- 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
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
(972) 777-4141
Added: May 5
Changed: Jun 7
Last Checked: Jul 26 at 4:06AM
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.
708-712 Cedar St is a retail-office building offering a flexible mix for investors and owner-occupants. The property is approximately 2,432 square feet and currently has active leases in place. It also presents the possibility of adapting the space so an owner could occupy part of the building while maintaining income.
Set in the historic downtown square area of Cedar Hill, the building benefits from a downtown retail presence. It is described as a rare opportunity to own a downtown Cedar Hill retail strip, giving buyers a chance to position themselves in a more established retail location.
For a tenant, investor, or buyer seeking steady income with upside, the current leasing provides an immediate foundation. For an owner-occupant, the layout and existing configuration offer a straightforward path to take advantage of an established downtown setting while potentially increasing overall revenue. The combination of active leases, downtown retail placement, and owner-occupant potential makes this property worth serious consideration.
Set in the historic downtown square area of Cedar Hill, the building benefits from a downtown retail presence. It is described as a rare opportunity to own a downtown Cedar Hill retail strip, giving buyers a chance to position themselves in a more established retail location.
For a tenant, investor, or buyer seeking steady income with upside, the current leasing provides an immediate foundation. For an owner-occupant, the layout and existing configuration offer a straightforward path to take advantage of an established downtown setting while potentially increasing overall revenue. The combination of active leases, downtown retail placement, and owner-occupant potential makes this property worth serious consideration.
Key Highlights
- Retail‑office building at 708‑712 Cedar St in the historic downtown square of Cedar Hill
- Approximately 2,432 SF brick building with laminate flooring and central heating/central air
- Served by public water and public sewer
Financial Insights For Retail
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 | $60.7k | $24.96 |
| − Vacancy | −$3.0k | −$1.25 |
| EGI | $57.7k | $23.71 |
| − OpEx | −$17.3k | −$7.11 |
| NOI | $40.4k | $16.60 |
2,432 SF · lease $24.96/SF/yr · vacancy 5.00% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
FAQs
What type of property is this?
Retail space - Retail-office building near downtown square offers active leases and room for owner occupancy, with potential to grow income.
Where is this retail space 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: Retail‑office building at 708‑712 Cedar St in the historic downtown square of Cedar Hill; Approximately 2,432 SF brick building with laminate flooring and central heating/central air; Served by public water and public sewer
