Industrial Flex Building with
11421 Chairman Drive Dallas, TX 75243
New
11421 Chairman Drive, Dallas, TX, 75243
$1,900,000
For Sale
$1,900,000
SINGLE_FAMILY - Dallas, TX
Property Size7,472 SF
Lot Size0.34 Acres
Price / SF$254.28
Days on Market1
Property Features for 11421 Chairman Drive
General Information
- Property type
- Residential
- Property subtype
- Office
- Parking features
- Garage, Carport, Parking Lot, Alley
- Standard status
- Active
- APN
- 00000787037780000
- Lot size
- 0.34 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 1977
- Floors in Building
- 1
- Number of units
- 1
- Flooring type
- Tile, Concrete, Vinyl
- Building materials
- Brick, MetalSiding, Concrete
- Roof type
- Built-Up, Flat
Listing agency
Citiwide Properties Corp.
(972) 805-4399
Listed by
Don Ton
(972) 808-9988
Added: Jul 22 Checked: Jul 22 at 6:06PM
MLS# 21302347
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.
Investment Insights
Based on property information with market context.
Industrial flex building with approximately 2,164 SF of office space and 5,650 SF of warehouse space, totaling 7,472 SF on the property. The building offers 24' clear height, two grade-level overhead doors, private offices, a conference room, kitchen, and restrooms. The site also includes ample parking and 15,000+ SF of fenced outdoor storage.
The property is located at 11421 Chairman Drive in Dallas, TX 75243, with quick access to I-635, US-75, and the Dallas North Tollway for connectivity throughout the Dallas-Fort Worth Metroplex.
The property is located at 11421 Chairman Drive in Dallas, TX 75243, with quick access to I-635, US-75, and the Dallas North Tollway for connectivity throughout the Dallas-Fort Worth Metroplex.
Key Highlights
- Versatile 7,472 SF industrial flex building on a 1‑acre lot with 2,164 SF office and 5,650 SF warehouse
- 24' clear height plus two grade‑level overhead doors
- Office features include private offices, conference room, kitchen, and restrooms
Local 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 22.58%
Second Best
Flex RnD
$1.12M
$983.5K – $1.31M
NOI $78,680 @ 7.0% cap · market cap 4.14%
Theoretical Best
Office A
$8.18M
$7.16M – $9.54M
NOI $572,498 @ 7.0% cap · market cap 30.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
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
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FAQs
What type of property is this?
Flex space - Industrial flex building offering office space, warehouse area, 24' clear height, and fenced outdoor storage on-site.
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 $1,900,000.
What are key features of this property?
This property features: Versatile 7,472 SF industrial flex building on a 1‑acre lot with 2,164 SF office and 5,650 SF warehouse; 24' clear height plus two grade‑level overhead doors; Office features include private offices, conference room, kitchen, and restrooms
