Building Details

Year Built 1975

Building Size 9,342 SF

Listing Agency: Morgan Realty Group

Listed By: ERIC MORGAN · License #9002258

Source: Crexi

Added: Sep 2 Changed: Oct 16 Last Checked: Oct 20 at 8:55PM

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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 Morgan Realty Group

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Investment Insights

Based on property information with market context.

This ±9,342 SF flex space includes ±7,800 SF of finished office area and ±1,542 SF of warehouse space. The recently renovated property features custom office finishes, a warehouse with grade-level loading, and a fenced, paved, secured site. Excess land provides outdoor storage for equipment, materials, or fleet vehicles.

Built in 1975 and positioned on ±0.71 acres, the property offers over ±49 feet of frontage and visibility along Shady Trail. Access to I-35E, I-635, and Harry Hines Boulevard connects the facility with the broader Dallas–Fort Worth Metroplex. The layout supports office, showroom, service, and light industrial operations.

Key Highlights

• ±9,342 SF flex space on ±0.71 acres
• ±7,800 SF of finished office space and ±1,542 SF of warehouse space
• Recently renovated; originally built in 1975

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$81,976

Cap Rate

3.81%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,639,520 $1.6M

Cap Rate 7%

$1,171,086 $1.2M

Cap Rate 9%

$910,844 $910.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 9,342 SF

Gross rent

$140.1K $15.00/SF

− Vacancy

−$14.0K −$1.50/SF

EGI

$126.1K $13.50/SF

− OpEx

−$44.1K −$4.73/SF

NOI

$82.0K $8.78/SF

Area

Dallas, TX

Vacancy

10.00%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,639,520

Cap Rate 7%

$1,171,086

Cap Rate 9%

$910,844

Alternative Uses

Best Use

Office B

$7.67M

$6.71M – $8.95M (±1% cap)

NOI $537,084 @ 7.0% cap · market cap 24.98%

Second Best

Flex RnD

$1.17M

$1.02M – $1.37M (±1% cap)

NOI $81,976 @ 7.0% cap · market cap 3.81%

Theoretical Best

Office A

$11.21M

$9.81M – $13.08M (±1% cap)

NOI $784,674 @ 7.0% cap · market cap 36.50%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

RC Pros Plumbing Plumbing Service Cobar Holdings Loan Service

Suggested Use

Top Pick Real Estate Agency Dental Office Skin Care Clinic Veterinary Clinic Daycare Center (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Fenced yard

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

1,963

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 75229, TX

33,168

Population

12,542

Households

2.6

Avg Household Size

37

Median Age

50%

College-Educated

81%

High-School Grad

12.4 sq mi

ZIP Area

2,675

Density / Sq Mi

$121,381

Median Household Income

$52,169

Median Earnings

$1,522

Median Rent

$598,500

Median Home Value

Market

Vacancy Rate% for Office in Dallas, TX

19.2% 2019

21.1% 2020

21.5% 2021

21.6% 2022

22% 2023

26.2% 2024

25.9% 2025

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Similar Off Market Nearby

• Great Endings Inc — 2433 Walnut Ridge St, Dallas, TX 75229
• Goodhart Coffee Catering of Dallas Fort Worth (DFW) — 2570 Southwell Rd, Dallas, TX 75229
• Totally Dvine — 11311 Harry Hines Blvd, Dallas, TX 75229, United States

Frequently Asked Questions

What type of property is this?

Flex space - Recently updated facility combining finished office areas, warehouse capacity, and secured outdoor storage.

Where is this flex space located?

The property is located at 11117 Shady Trail Dallas, TX.

What is the asking price?

The asking price for this property is $2,150,000.

What are key features of this property?

This property features: ±9,342 SF flex space on ±0.71 acres; ±7,800 SF of finished office space and ±1,542 SF of warehouse space; Recently renovated; originally built in 1975