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    Corner Lot Near Major Highways Title is generated by Realmo AI

    11298 Luna Road, Dallas, TX 75229

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    Claim this Listing
    New
    For Sale
    $1,390,000

    Industrial - Dallas, TX

    Type:Industrial
    Property size:
    3,190 SF
    Lot size:
    0.15 Acres
    Price / SF:
    $435/SF
    Added:
    May 23, 2026
    Days on Market:
    2
    Last Refresh:
    May 24 at 12:06 am

    Property Features for 11298 Luna Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Industrial
    Parking features
    On Street
    Standard status
    Active
    APN
    00837900000060000
    Size
    3,190 SF
    Lot size
    0.15 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    2007
    Flooring type
    Vinyl
    Building materials
    Concrete
    Roof type
    Composition
    Architectural style
    Other

    We can help!

    Listing Contact
    Sonya Rafie
    Sonya Rafie

    Listing agent Sonya Rafie License #0330549

    Listing office Sonya Realty, LLC 1306 Wall St., Dallas, TX

    Listing date May 23, 2026

    MLS# 21233626 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime corner lot location with easy access to major highways (Hwy 635, 35E, George Bush, & 114).
    • Large lot size (above 6500 SQFT) suitable for various business purposes.
    • Two‑story building with approximately 3,190 SQFT of space.
    • Versatile layout with 3 offices and 2 bathrooms on the first floor, and 2 offices on the second floor.
    • Suitable for multiple businesses including transportation, auto services, warehouse, and storage.
    • Constructed with durable concrete materials.

    Overview

    This two-story building is situated on a corner lot close to major highways, including Hwy 635, 35 E, George Bush, and 114. The lot size is above 6500 square feet. The building encompasses approximately 3,190 square feet and features three offices and two bathrooms on the first floor, with an additional two offices located on the second floor. The property is located in Dallas, TX. The location is suitable for various businesses, including transportation, auto services, warehousing, and storage.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ambassador Cab Courier Service

    Suggested Use

    Real Estate Agency Restaurant Law Firm Dental Office Spa & Massage Center Hair Salon Building Supply Nail Salon Big Box & Wholesale Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • CASUAL CATERING — 2251 Crown Rd, Dallas, TX 75229
    • D&S Catering Inc — 2261 Crown Rd #111, Dallas, TX 75229
    • Smokin’ Joe’s — 2261 Crown Rd, Dallas, TX 75229

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Collin
    State
    Texas
    Longitude
    -96.918549
    Latitude
    32.8922735

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    FAQs

    What type of property is this?
    Flex space - Two-story building suitable for multiple businesses, warehouse, or auto services.
    Where is this flex space located?
    The property is located at 11298 Luna Road Dallas, TX.
    What is the asking price?
    The asking price for this property is $1,390,000.
    What are key features of this property?
    This property features: Prime corner lot location with easy access to major highways (Hwy 635, 35E, George Bush, & 114).; Large lot size (above 6500 SQFT) suitable for various business purposes.; Two‑story building with approximately 3,190 SQFT of space.
    (972) 948-9200
    We can help!
    Listing Contact
    Sonya Rafie
    Sonya Rafie
    Real Estate License ID: 0330549
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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