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    Duncanville Flex Building For Sale Title is generated by Realmo AI

    1111 Explorer St, Duncanville, TX

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    13,440 SF flex building in Southwest Dallas submarket.

    Type:FLEX_R_AND_D
    Property size:
    13,440 SF
    Lot size:
    0.78 Acres
    Price / SF:
    $96/SF
    Added:
    Jul 14, 2025
    Days on Market:
    331
    Last Refresh:
    May 19 at 10:14 pm

    Property Features for 1111 Explorer St

    General Information

    Standard status
    Active
    Size
    13,440 SF
    Lot size
    0.78 Acres
    Property subtype
    FLEX_R_AND_D

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    Listing Contact
    Bryan Meyer

    Listing agent Bryan Meyer

    Listing office STRIVE

    Listing date Jul 14, 2025

    Source Moodyscre

    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 STRIVE

    HighLights

    • Strategically located in Southwest Dallas/US 67 submarket with quick access to US 67 and Interstate 20.
    • Versatile 13,440 SF flex building with 11,440 SF of warehouse space (85:15 warehouse to office ratio).
    • Month‑to‑month tenant provides opportunity for owner‑user or investor to capture market rents.
    • Low submarket vacancy of 2.6% indicates limited supply.
    • Excellent 16' clear heights allow for versatile flex usages.
    • Includes paint booth and hydraulic lifts, suitable for automotive uses.

    Overview

    This 13,440 square foot flex building is strategically located in the Southwest Dallas/US 67 submarket. The property features approximately 11,440 square feet of warehouse space, resulting in an 85:15 warehouse to office ratio. It offers quick access to US 67 and Interstate 20. The building has the ability to be divided into 3 suites. The property includes excellent clear heights of 16 feet, creating versatile flex usages. It also includes a paint booth and hydraulic lifts for automotive uses. The submarket vacancy is 2.6%, creating limited supply. The population within a 10-mile radius is over 760,000 people. A month-to-month tenant creates an opportunity for an owner-user or investor looking to capture market rents.

    Local Financial Insights For Warehouse

    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 $109.1k $8.12
    − Vacancy −$9.6k −$0.71
    EGI $99.5k $7.41
    − OpEx −$14.9k −$1.11
    NOI $84.6k $6.29
    13,440 SF · lease $8.12/SF/yr · vacancy 8.80% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $1.21M
    $1.06M – $1.41M (±1% cap)
    NOI $84,600 @ 7.0% cap · market cap 6.51%
    Second Best
    Industrial
    $995.3K
    $870.9K – $1.16M (±1% cap)
    NOI $69,670 @ 7.0% cap · market cap 5.36%
    Theoretical Best
    Multifamily LT 5
    $161.10M
    $140.96M – $187.95M (±1% cap)
    NOI $11,277,040 @ 7.0% cap · market cap 867.46%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Kepson Storage Units Storage Facility

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Bodega Provisions - The Tamale Co. — 626 S Cedar Ridge Dr, Duncanville, TX 75137

    Location Insight

    • Map
    • Local Demand
    City
    Duncanville
    County
    Dallas
    State
    Texas
    Longitude
    -96.9232
    Latitude
    32.6405

    FAQs

    What type of property is this?
    Flex space - 13,440 SF flex building in Southwest Dallas submarket.
    Where is this flex space located?
    The property is located at 1111 Explorer St Duncanville, TX.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: Strategically located in Southwest Dallas/US 67 submarket with quick access to US 67 and Interstate 20.; Versatile 13,440 SF flex building with **11,440 SF of warehouse space** (85:15 warehouse to office ratio).; Month‑to‑month tenant provides opportunity for owner‑user or investor to capture market rents.
    (469) 844-8035 Call to check price and availability
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