Industrial Building with Highway
11211 Gemini Lane Dallas, TX 75229
11211 Gemini Lane, Dallas, TX, 75229
Contact for pricing
For Sale
Contact for pricing
For sale industrial building in Dallas with noted highway and airport access for convenient regional connectivity.
Property Size23,915 SF
Price / SF$130
Days on Market78
Property Features for 11211 Gemini Lane
General Information
- Standard status
- Active
- Size
- 23,915 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1976
Listing agency
Matthews
(214) 295-2790
Listed by
Drew Boroughs · License #TX 726278
Source
Crexi
Added: May 5 Updated: Jul 21 at 7:09AM Checked: Jul 21 at 7:09AM
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 Matthews
Investment Insights
Based on property information with market context.
This versatile Dallas industrial building is offered for sale. The property is positioned to support a range of industrial and flex uses, with the advantage of convenient access as described in the public remarks.
Located at 11211 Gemini Lane in Dallas, TX 75229, the building benefits from “prime highway and airport access,” which may be appealing for operations that value efficient regional transportation.
The offering includes an industrial/flex-oriented asset with a total property size of 23,915 square feet, providing a sizeable platform for a variety of warehouse and industrial requirements.
Located at 11211 Gemini Lane in Dallas, TX 75229, the building benefits from “prime highway and airport access,” which may be appealing for operations that value efficient regional transportation.
The offering includes an industrial/flex-oriented asset with a total property size of 23,915 square feet, providing a sizeable platform for a variety of warehouse and industrial requirements.
Key Highlights
- Industrial building built in 1976
- Noted highway and airport access for regional connectivity in Dallas
Local Financial Insights For Flex RnD
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 | $358.7k | $15.00 |
| − Vacancy | −$35.9k | −$1.50 |
| EGI | $322.9k | $13.50 |
| − OpEx | −$113.0k | −$4.73 |
| NOI | $209.9k | $8.78 |
23,915 SF · lease $15.00/SF/yr · vacancy 10.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$3.00M
$2.62M – $3.50M
NOI $209,854 @ 7.0% cap · market cap 6.75%
Second Best
Warehouse
$2.37M
$2.07M – $2.76M
NOI $165,570 @ 7.0% cap · market cap 5.33%
Theoretical Best
Office A
$28.70M
$25.11M – $33.48M
NOI $2,008,722 @ 7.0% cap · market cap 64.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Shutter Solutions Inc
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
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
- 9 Rabbits Bakery — 2546 Royal Ln, Dallas, TX 75229
FAQs
What type of property is this?
Flex space - For sale industrial building in Dallas with noted highway and airport access for convenient regional connectivity.
Where is this flex space located?
The property is located at 11211 Gemini Lane Dallas, TX.
What is the asking price?
The asking price for this property is $3,108,950.
What are key features of this property?
This property features: Industrial building built in 1976; Noted highway and airport access for regional connectivity in Dallas
