Single-Story Office
New
For Sale
$900,000
1012 S Elm Street, Carrollton, TX 75006
Flexible commercial layout with office rooms, meeting space, restrooms, and dedicated on-site parking.
Property Size1,750 SF
Price / SF$514.29
Days on Market2
Property Features for 1012 S Elm Street
General Information
Standard status
Active
Size
1,750 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Office Units
5
Building Details
Year Built
1958
Buildings
1
Stories
1
Listing Agency:
Nada Homes
(972) 954-2087
Listed By:
Christine Beckendorf
(817) 783-9497
Source:
Txluxere
Added: Sep 9
Last Checked: Sep 9 at 3:33PM
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 Nada Homes
Investment Insights
Based on property information with market context.
Built in 1958, this 1,750-square-foot, single-story office property includes five office spaces, a conference room, two restrooms, and a private parking lot. The existing configuration supports office occupancy and is also identified for retail, food, salon, spa, and other service uses.
The property is positioned on a side street on the north side of the Town Square in the Downtown Carrollton Historic District. Access to the area is available from I-35 and Belt Line Road. Restaurants, bars, specialty food businesses, clothing stores, and other retailers are within walking distance, while recurring entertainment, events, and festivals take place around the Square. An adjacent apartment community adds residential presence to the surrounding setting.
The property is positioned on a side street on the north side of the Town Square in the Downtown Carrollton Historic District. Access to the area is available from I-35 and Belt Line Road. Restaurants, bars, specialty food businesses, clothing stores, and other retailers are within walking distance, while recurring entertainment, events, and festivals take place around the Square. An adjacent apartment community adds residential presence to the surrounding setting.
Key Highlights
- 1,750 SF single‑story office property built in 1958
- Five office spaces with a conference room and two restrooms
- Private parking lot on a side street
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
$28,129
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
3.13%
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%
$562,580
$562.6K
Cap Rate 7%
$401,843
$401.8K
Cap Rate 9%
$312,544
$312.5K
Market Conditions
NOI Build-Up for 1,750 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
$42.2K $24.12/SF
− Vacancy
−$2.0K −$1.16/SF
EGI
$40.2K $22.96/SF
− OpEx
−$12.1K −$6.89/SF
NOI
$28.1K $16.07/SF
Area
Carrollton, TX
Vacancy
4.80%
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%
$562,580
Cap Rate 7%
$401,843
Cap Rate 9%
$312,544
Alternative Uses
Best Use
Retail
$401.8K
$351.6K – $468.8K
NOI $28,129 @ 7.0% cap · market cap 3.13%
Second Best
Office B
$309.7K
$271.0K – $361.3K
NOI $21,677 @ 7.0% cap · market cap 2.41%
Theoretical Best
Specialty Retail
$430.5K
$376.7K – $502.3K
NOI $30,138 @ 7.0% cap · market cap 3.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
5
Office units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,165
Businesses Nearby
Explore this area
Business Placement
Demographics for 75006, TX
47,811
Population
19,549
Households
2.4
Avg Household Size
37
Median Age
33%
College-Educated
83%
High-School Grad
17.1 sq mi
ZIP Area
2,796
Density / Sq Mi
$79,466
Median Household Income
$43,403
Median Earnings
$1,528
Median Rent
$296,500
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 South region
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Frequently Asked Questions
What type of property is this?
Office units - Flexible commercial layout with office rooms, meeting space, restrooms, and dedicated on-site parking.
Where is this office units located?
The property is located at 1012 S Elm Street Carrollton, TX.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: 1,750 SF single‑story office property built in 1958; Five office spaces with a conference room and two restrooms; Private parking lot on a side street
