Freestanding Flex Space with
For Sale
Contact for pricing
11211 Ables Ln, Dallas, TX 75229
Vacant flex property with office, showroom, shop, heavy power, and a fenced paved site near I-35E.
Property Size3,060 SF
Price / SF$490.20
Days on Market19
Property Features for 11211 Ables Ln
General Information
Standard status
Active
Size
3,060 SF
Property subtype
RETAIL
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Utilities to Site
Yes
Warehouse & Industrial
Drive-In Doors
2
Voltage
480 V
Three-Phase Power
Yes
Heavy Power
Yes
Amenities
Covered parking canopy
Building Details
Buildings
1
Building Size
3,060 SF
Listing Agency:
Capstone Commercial
(214) 766-9101
Listed By:
Larry Robbins · License #0476787
(214) 766-9101
Source:
Moodyscre
Added: Aug 13
Changed: Aug 29
Last Checked: Aug 31 at 2:41AM
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 Capstone Commercial
Investment Insights
Based on property information with market context.
This freestanding flex property combines a finished front office with reception and open work space, showroom functionality, and shop area. The building contains approximately 3,060 square feet and is equipped with two grade-level overhead doors arranged for drive-through access. Three-phase, 480-volt service supports power-intensive operations, while paved parking is positioned on both sides of the building. A covered parking canopy adds another functional improvement.
The property occupies a fenced, all-concrete site one block from I-35E, with access to LBJ 635 and Love Field within minutes. It is currently vacant and available for immediate occupancy.
The property occupies a fenced, all-concrete site one block from I-35E, with access to LBJ 635 and Love Field within minutes. It is currently vacant and available for immediate occupancy.
Key Highlights
- Approximately 3,060 square feet of freestanding flex space
- Two grade‑level overhead doors provide full drive‑through access
- Three‑phase, 480‑volt heavy power service
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
$49,237
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
3.28%
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%
$984,740
$984.7K
Cap Rate 7%
$703,386
$703.4K
Cap Rate 9%
$547,078
$547.1K
Market Conditions
NOI Build-Up for 3,060 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
$73.8K $24.12/SF
− Vacancy
−$3.5K −$1.13/SF
EGI
$70.3K $22.99/SF
− OpEx
−$21.1K −$6.90/SF
NOI
$49.2K $16.09/SF
Area
Dallas, TX
Vacancy
4.70%
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%
$984,740
Cap Rate 7%
$703,386
Cap Rate 9%
$547,078
Alternative Uses
Best Use
Office B
$2.51M
$2.20M – $2.93M
NOI $175,923 @ 7.0% cap · market cap 11.73%
Second Best
Retail
$703.4K
$615.5K – $820.6K
NOI $49,237 @ 7.0% cap · market cap 3.28%
Theoretical Best
Office A
$3.67M
$3.21M – $4.28M
NOI $257,022 @ 7.0% cap · market cap 17.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Drive-in doors
Yes
Heavy power
Yes
Fenced yard
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,283
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
Questions? Ask Rey
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- 9 Rabbits Bakery — 2546 Royal Ln, Dallas, TX 75229
Frequently Asked Questions
What type of property is this?
Flex space - Vacant flex property with office, showroom, shop, heavy power, and a fenced paved site near I-35E.
Where is this flex space located?
The property is located at 11211 Ables Ln Dallas, TX.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Approximately 3,060 square feet of freestanding flex space; Two grade‑level overhead doors provide full drive‑through access; Three‑phase, 480‑volt heavy power service
