Mixed-Use
For Sale
Contact for pricing
1007 Folsom St, Dallas, TX 75208
Planned Development zoning supports a flexible commercial setting in West Dallas.
Property Size6,972 SF
Price / SF$372.92
Days on Market55
Property Features for 1007 Folsom St
General Information
Standard status
Active
Size
6,972 SF
Total Parking Spaces
12
Property subtype
Retail, Office
Zoning
Planned Development
Listing Agency:
LanCarte Commercial
Listed By:
Benjamin Brown · License #451536-SA
(817) 676-5858
Source:
Crexi
Added: Jul 28
Changed: Sep 15
Last Checked: Sep 20 at 5:37AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of LanCarte Commercial
Investment Insights
Based on property information with market context.
This 6,972-square-foot mixed-use property is located at 1007 Folsom St in Dallas. The site carries Planned Development zoning and is positioned within West Dallas, providing a commercial setting near the city’s urban core.
The property is close to Bishop Arts, Kessler Park, Trinity Groves, and Downtown Dallas. Surrounding context includes established neighborhoods, creative businesses, restaurants, retail, and hospitality destinations, with access to major roadways supporting connections across the area.
The property is close to Bishop Arts, Kessler Park, Trinity Groves, and Downtown Dallas. Surrounding context includes established neighborhoods, creative businesses, restaurants, retail, and hospitality destinations, with access to major roadways supporting connections across the area.
Key Highlights
- 6,972‑square‑foot mixed‑use property
- Planned Development zoning
- Located at 1007 Folsom St, Dallas, TX 75208
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
$112,183
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
4.31%
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%
$2,243,660
$2.2M
Cap Rate 7%
$1,602,614
$1.6M
Cap Rate 9%
$1,246,478
$1.2M
Market Conditions
NOI Build-Up for 6,972 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
$168.2K $24.12/SF
− Vacancy
−$7.9K −$1.13/SF
EGI
$160.3K $22.99/SF
− OpEx
−$48.1K −$6.90/SF
NOI
$112.2K $16.09/SF
Area
Dallas, TX
Vacancy
4.70%
Lease Rate
$24.12 /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%
$2,243,660
Cap Rate 7%
$1,602,614
Cap Rate 9%
$1,246,478
Alternative Uses
Best Use
Office B
$5.73M
$5.01M – $6.68M
NOI $400,829 @ 7.0% cap · market cap 15.42%
Second Best
Retail
$1.60M
$1.40M – $1.87M
NOI $112,183 @ 7.0% cap · market cap 4.31%
Theoretical Best
Office A
$8.37M
$7.32M – $9.76M
NOI $585,608 @ 7.0% cap · market cap 22.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,303
Businesses Nearby
Explore this area
Business Placement
Demographics for 75208, TX
29,446
Population
13,655
Households
2.2
Avg Household Size
36
Median Age
41%
College-Educated
76%
High-School Grad
6.1 sq mi
ZIP Area
4,827
Density / Sq Mi
$76,502
Median Household Income
$48,460
Median Earnings
$1,589
Median Rent
$415,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Dallas, TX
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Planned Development zoning supports a flexible commercial setting in West Dallas.
Where is this mixed-use property located?
The property is located at 1007 Folsom St Dallas, TX.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: 6,972‑square‑foot mixed‑use property; Planned Development zoning; Located at 1007 Folsom St, Dallas, TX 75208
