Single-Story Office
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 Market47
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:
Ox Realty Group
(903) 965-3909
Listed By:
Christine Beckendorf
(817) 783-9497
Source:
Txluxere
Added: Sep 9
Changed: Oct 25
Last Checked: Oct 24 at 4:39PM
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 Ox Realty Group
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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 / Yr
$28,129
Cap Rate
3.13%
Suggested Prices Based on Cap Rates
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
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 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.
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Property Analytics
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Open Analytics
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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Flexible commercial layout with office rooms, meeting space, restrooms, and dedicated on-site parking.
Where is this office unit 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
