Industrial Flex Building with
For Sale
$1,799,000
11421 Chairman Dr, Dallas, TX 75243
Industrial flex building offering office and warehouse space with 24’ clear height, two grade-level overhead doors, and fenced outdoor storage.
Property Size7,472 SF
Price / SF$240.77
Days on Market94
Property Features for 11421 Chairman Dr
General Information
Standard status
Active
Size
7,472 SF
Building Details
Year Built
1977
Listing Agency:
Citiwide Properties Corp.
Listed By:
Don Ton
(469) 909-7921
Source:
Yourdavisteam
Added: Jul 24
Changed: Oct 10
Last Checked: Oct 24 at 10:12PM
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 Citiwide Properties Corp.
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Investment Insights
Based on property information with market context.
This industrial flex building includes approximately 2,164 SF of office space and 5,650 SF of warehouse space within a 7,472 SF facility on a 1-acre lot. The warehouse features 24' clear height and two grade-level overhead doors. Office improvements include private offices, a conference room, a kitchen, and restrooms.
The property also offers ample parking and more than 15,000 SF of fenced outdoor storage, supporting contractor and fleet-style operations. Access is described as convenient to I-635, US-75, and the Dallas North Tollway for connectivity throughout the Dallas-Fort Worth Metroplex.
The layout combines functional warehouse space with dedicated office areas and substantial secured storage, making it well-suited for owner-users or companies needing both production/warehouse space and outdoor staging.
The property also offers ample parking and more than 15,000 SF of fenced outdoor storage, supporting contractor and fleet-style operations. Access is described as convenient to I-635, US-75, and the Dallas North Tollway for connectivity throughout the Dallas-Fort Worth Metroplex.
The layout combines functional warehouse space with dedicated office areas and substantial secured storage, making it well-suited for owner-users or companies needing both production/warehouse space and outdoor staging.
Key Highlights
- 7,472 SF industrial flex building on 1‑acre lot with 2,164 SF office and 5,650 SF warehouse space
- 24' clear height warehouse with two grade‑level overhead doors
- Includes private offices, conference room, kitchen, and restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$78,680
Cap Rate
4.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,573,600
$1.6M
Cap Rate 7%
$1,124,000
$1.1M
Cap Rate 9%
$874,222
$874.2K
Market Conditions
NOI Build-Up for 7,472 SF
Gross rent
$134.5K $18.00/SF
− Vacancy
−$13.4K −$1.80/SF
EGI
$121.0K $16.20/SF
− OpEx
−$42.4K −$5.67/SF
NOI
$78.7K $10.53/SF
Area
ZIP 75243
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,573,600
Cap Rate 7%
$1,124,000
Cap Rate 9%
$874,222
Alternative Uses
Best Use
Flex RnD
$1.12M
$983.5K – $1.31M
NOI $78,680 @ 7.0% cap · market cap 4.37%
Second Best
Warehouse
$739.0K
$646.6K – $862.2K
NOI $51,731 @ 7.0% cap · market cap 2.88%
Theoretical Best
Office A
$8.18M
$7.16M – $9.54M
NOI $572,498 @ 7.0% cap · market cap 31.82%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,632
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Demographics for 75243, TX
62,273
Population
31,577
Households
2
Avg Household Size
34
Median Age
34%
College-Educated
86%
High-School Grad
9.2 sq mi
ZIP Area
6,769
Density / Sq Mi
$50,357
Median Household Income
$33,760
Median Earnings
$1,226
Median Rent
$359,100
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial flex building offering office and warehouse space with 24’ clear height, two grade-level overhead doors, and fenced outdoor storage.
Where is this flex space located?
The property is located at 11421 Chairman Dr Dallas, TX.
What is the asking price?
The asking price for this property is $1,799,000.
What are key features of this property?
This property features: 7,472 SF industrial flex building on 1‑acre lot with 2,164 SF office and 5,650 SF warehouse space; 24' clear height warehouse with two grade‑level overhead doors; Includes private offices, conference room, kitchen, and restrooms
