Versatile Commercial Space with
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11127 Shady Trail 104, Dallas, TX 75229
3,000 sqft property with office and warehouse space.
Property Size3,000 SF
Price / SF$233.33
Days on Market152
Property Features for 11127 Shady Trail 104
General Information
Standard status
Active
Size
3,000 SF
Class
B
Property subtype
Industrial, Office
Investment Type
Owner/User
Building Details
Year Built
1981
Stories
1
Listing Agency:
Luxe Estates Realty
(469) 831-6893
Listed By:
Richard Guilliams · License #9001668
Source:
Crexi
Added: Mar 13
Changed: Aug 8
Last Checked: Jul 16 at 12:28PM
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 Luxe Estates Realty
Investment Insights
Based on property information with market context.
This commercial property, located in Northwest Dallas, offers approximately 3,000 sqft of space, including office and warehouse areas. Constructed in 1981, the property features paved parking and landscaping. The office space, encompassing approximately 1,250 sqft, includes modern faux-wood flooring, overhead lighting, a neutral color scheme, and a sitting room or lobby. There is also a meeting room and four offices, including a corner office with a window and an additional office with a window. Two bathrooms are equipped with storage vanities and cabinetry. The 1,750 sqft warehouse features shelving, high ceilings, fluorescent tube lighting, and a grade-level garage door. The property is located near I-35E (0.8 miles), multiple shipping centers (1+ miles), I-635 (1.3 miles), Dallas Love Field (6.6 miles), and Dallas Fort Worth International Airport (12.4 miles). It is suitable for use as an office showroom or warehouse.
Key Highlights
- Prime Central Location: Highly desirable Northwest Dallas location with exceptional logistics and nearby conveniences.
- Spacious 1,750sqft Warehouse: Includes shelving, soaring ceilings, and a large grade‑level garage door for easy loading/unloading.
- Modern Office Space: Approximately 1,250sqft of contemporary office space with modern flooring, lighting, and a neutral color scheme.
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
$26,325
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
3.76%
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%
$526,500
$526.5K
Cap Rate 7%
$376,071
$376.1K
Cap Rate 9%
$292,500
$292.5K
Market Conditions
NOI Build-Up for 3,000 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
$45.0K $15.00/SF
− Vacancy
−$4.5K −$1.50/SF
EGI
$40.5K $13.50/SF
− OpEx
−$14.2K −$4.73/SF
NOI
$26.3K $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 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%
$526,500
Cap Rate 7%
$376,071
Cap Rate 9%
$292,500
Alternative Uses
Best Use
Flex RnD
$376.1K
$329.1K – $438.8K
NOI $26,325 @ 7.0% cap · market cap 3.76%
Second Best
Warehouse
$296.7K
$259.6K – $346.2K
NOI $20,770 @ 7.0% cap · market cap 2.97%
Theoretical Best
Office A
$3.60M
$3.15M – $4.20M
NOI $251,983 @ 7.0% cap · market cap 36.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,088
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 Industrial in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Great Endings Inc — 2433 Walnut Ridge St, Dallas, TX 75229
- Totally Dvine — 11311 Harry Hines Blvd, Dallas, TX 75229, United States
- Goodhart Coffee Catering of Dallas Fort Worth (DFW) — 2570 Southwell Rd, Dallas, TX 75229
Frequently Asked Questions
What type of property is this?
Flex space - 3,000 sqft property with office and warehouse space.
Where is this flex space located?
The property is located at 11127 Shady Trail 104 Dallas, TX.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Prime Central Location: Highly desirable Northwest Dallas location with exceptional logistics and nearby conveniences.; Spacious 1,750sqft Warehouse: Includes shelving, soaring ceilings, and a large grade‑level garage door for easy loading/unloading.; Modern Office Space: Approximately 1,250sqft of contemporary office space with modern flooring, lighting, and a neutral color scheme.
