Corner Lot Near Major
11298 Luna Road Dallas, TX 75229
For Sale
$1,390,000
Two-story building on a corner lot near major highways.
Property Size3,190 SF
Lot Size0.15 Acres
Price / SF$435.74
Days on Market93
Property Features for 11298 Luna Road
General Information
- Standard status
- Active
- Size
- 3,190 SF
- Lot size
- 0.15 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 2007
Listing Agency:
Sonya Realty, LLC
(972) 948-9200
Listed By:
Sonya Rafie · License #0330549
(972) 948-9200
Source:
Signaturere
Added: Apr 25
Changed: Jul 10
Last Checked: Jul 26 at 5:16PM
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 Sonya Realty, LLC
Investment Insights
Based on property information with market context.
This two-story building is situated on a corner lot with over 6500 square feet of space. The building itself offers approximately 3,190 square feet. The first floor features three offices and two bathrooms, while the second floor contains two additional offices. Its location provides convenient access to major highways, including Highway 635, 35E, George Bush Turnpike, and Highway 114. The property is suitable for multiple business types, including transportation services, auto services, warehousing, and storage.
Key Highlights
- Prime corner lot location with high visibility
- Excellent accessibility to major highways (635, 35E, George Bush, and 114)
- Large lot size (above 6500 SQFT)
Financial Insights For Retail
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 | $76.9k | $24.12 |
| − Vacancy | −$3.6k | −$1.13 |
| EGI | $73.3k | $22.99 |
| − OpEx | −$22.0k | −$6.90 |
| NOI | $51.3k | $16.09 |
3,190 SF · lease $24.12/SF/yr · vacancy 4.70% · expense 30.00%
Alternative Uses
Best Use
Office B
$2.62M
$2.29M – $3.06M
NOI $183,397 @ 7.0% cap · market cap 13.19%
Second Best
Retail
$733.3K
$641.6K – $855.5K
NOI $51,329 @ 7.0% cap · market cap 3.69%
Theoretical Best
Office A
$3.83M
$3.35M – $4.47M
NOI $267,942 @ 7.0% cap · market cap 19.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Ambassador Cab
Courier Service
FAQs
What type of property is this?
Office units - Two-story building on a corner lot near major highways.
Where is this office units 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 high visibility; Excellent accessibility to major highways (635, 35E, George Bush, and 114); Large lot size (above 6500 SQFT)
