Industrial Flex Building with
11421 Chairman Drive Dallas, TX 75243
New
For Sale
$1,799,000
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 Market7
Property Features for 11421 Chairman Drive
General Information
- Standard status
- Active
- Size
- 7,472 SF
- Property subtype
- Office
Building Details
- Year Built
- 1977
Listing Agency:
Citiwide Properties Corp.
(972) 805-4399
Listed By:
Don Ton
Source:
Xome
Added: Jul 20
Changed: Jul 25
Last Checked: Jul 25 at 5:06PM
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.
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 For Flex RnD
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 | $134.5k | $18.00 |
| − Vacancy | −$13.4k | −$1.80 |
| EGI | $121.0k | $16.20 |
| − OpEx | −$42.4k | −$5.67 |
| NOI | $78.7k | $10.53 |
7,472 SF · lease $18.00/SF/yr · vacancy 10.00% · expense 35.00%
Alternative Uses
Best Use
Office B
$6.13M
$5.36M – $7.15M
NOI $429,072 @ 7.0% cap · market cap 23.85%
Second Best
Flex RnD
$1.12M
$983.5K – $1.31M
NOI $78,680 @ 7.0% cap · market cap 4.37%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Sentry Air
HVAC Service
Sentry Telecom, LLC.
Security Service
Sentry Technical Services
Security Service
DC Gen Roofing ...
Roofing Company
Lone Star Water ...
Plumbing Service
Similar Off Market Nearby
- Aladun Grills — 9550 Skillman St Premises, Dallas, TX 75243
- Thornhill Catering — 4315 Action St, Garland, TX 75042
- Chef Mollie G LLC — 4315 Action St, Garland, TX 75042
- O's Kitchen Catering — 520 Shepherd Dr, Garland, TX 75042
- Sweetly Seasoned Food Trailer and Catering — 4315 Action St, Garland, TX 75042
FAQs
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 Drive 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
