Multi-Tenant Retail and Education
For Sale
$9,750,000
1130 W Trinity Mills Rd, Carrollton, TX 75006
Multi-tenant property currently operating as a pizza restaurant, ESL language school, and church with additional room for events.
Property Size33,000 SF
Days on Market149
Property Features for 1130 W Trinity Mills Rd
General Information
Standard status
Active
Size
33,000 SF
Property subtype
Commercial
Additional Details
Highway Access
Yes
Building Details
Building Size
33,000 SF
Tenancy
Multi
Listing Agency:
Matthews Real Estate Investment Services - Orange County
Listed By:
Meghan Carroll · License #02151705 (CA)
(949) 200-7903
Source:
Matthews
Added: Apr 12
Changed: Sep 3
Last Checked: Sep 6 at 3:47AM
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 Real Estate Investment Services - Orange County
Investment Insights
Based on property information with market context.
This multi-tenant property includes an operating pizza restaurant, an ESL language school, and a church. The site is described as having additional room to spare, which may support events and other tenants as needs change.
The property is located off George Bush Freeway in the City of Carrollton within the DFW market, offering multiple income sources within a single ownership arrangement.
The property is located off George Bush Freeway in the City of Carrollton within the DFW market, offering multiple income sources within a single ownership arrangement.
Key Highlights
- Multi‑tenant property currently operating as a pizza restaurant, ESL language school, and church
- Additional space available for an event center or other tenant uses
- Located off George Bush Freeway in the City of Carrollton (DFW market)
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
$568,315
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
5.83%
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%
$11,366,300
$11.4M
Cap Rate 7%
$8,118,786
$8.1M
Cap Rate 9%
$6,314,611
$6.3M
Market Conditions
NOI Build-Up for 33,000 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
$796.0K $24.12/SF
− Vacancy
−$38.2K −$1.16/SF
EGI
$757.8K $22.96/SF
− OpEx
−$189.4K −$5.74/SF
NOI
$568.3K $17.22/SF
Area
Carrollton, TX
Vacancy
4.80%
Lease Rate
$24.12 /SF/Yr
Expense Ratio
25.00%
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%
$11,366,300
Cap Rate 7%
$8,118,786
Cap Rate 9%
$6,314,611
Alternative Uses
Best Use
Specialty Retail
$8.12M
$7.10M – $9.47M
NOI $568,315 @ 7.0% cap · market cap 5.83%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,321
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75006, TX
47,811
Population
19,549
Households
2.4
Avg Household Size
37
Median Age
33%
College-Educated
83%
High-School Grad
17.1 sq mi
ZIP Area
2,796
Density / Sq Mi
$79,466
Median Household Income
$43,403
Median Earnings
$1,528
Median Rent
$296,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Multi-tenant property currently operating as a pizza restaurant, ESL language school, and church with additional room for events.
Where is this conventional restaurant located?
The property is located at 1130 W Trinity Mills Rd Carrollton, TX.
What is the asking price?
The asking price for this property is $9,750,000.
What are key features of this property?
This property features: Multi‑tenant property currently operating as a pizza restaurant, ESL language school, and church; Additional space available for an event center or other tenant uses; Located off George Bush Freeway in the City of Carrollton (DFW market)
