Industrial Building with Highway
For Sale
$3,108,950
11211 Gemini Ln, Dallas, TX 75229
For sale industrial building in Dallas with noted highway and airport access for convenient regional connectivity.
Property Size23,915 SF
Days on Market121
Property Features for 11211 Gemini Ln
General Information
Standard status
Active
Size
23,915 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Building Size
23,915 SF
Year Built
1976
Listing Agency:
Matthews
Listed By:
Drew Boroughs · License #726278 (TX)
(214) 295-2790
Source:
Matthews
Added: May 8
Changed: Sep 4
Last Checked: Sep 5 at 3:35AM
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
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
$209,854
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
6.75%
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%
$4,197,080
$4.2M
Cap Rate 7%
$2,997,914
$3.0M
Cap Rate 9%
$2,331,711
$2.3M
Market Conditions
NOI Build-Up for 23,915 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
$358.7K $15.00/SF
− Vacancy
−$35.9K −$1.50/SF
EGI
$322.9K $13.50/SF
− OpEx
−$113.0K −$4.73/SF
NOI
$209.9K $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%
$4,197,080
Cap Rate 7%
$2,997,914
Cap Rate 9%
$2,331,711
Alternative Uses
Best Use
Flex RnD
$3.00M
$2.62M – $3.50M
NOI $209,854 @ 7.0% cap · market cap 6.75%
Second Best
Industrial
$1.95M
$1.70M – $2.27M
NOI $136,351 @ 7.0% cap · market cap 4.39%
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,043
Businesses Nearby
Balanced
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
- 9 Rabbits Bakery — 2546 Royal Ln, Dallas, TX 75229
Frequently Asked Questions
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 Ln 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
