Historical Dallas Warehouse
1401 N Carroll Ave Dallas, TX
Unique opportunity in Old East Dallas near downtown.
Type:INDUSTRIAL
Property size:
58,725 SFLot size:
0.78 AcresPrice / SF:
$103/SF- Added:
- Apr 16, 2025
- Days on Market:
- 450
- Last Refresh:
- May 20 at 8:33 pm
Property Features for 1401 N Carroll Ave
General Information
- Standard status
- Active
- Size
- 58,725 SF
- Lot size
- 0.78 Acres
- Property subtype
- INDUSTRIAL
Listing office Perry Guest Company (925) 872-1875
Listing date Apr 16, 2025
Source Moodyscre
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 Perry Guest Company
Investment Insights
Based on property information with market context.
This property offers a unique opportunity to own a piece of Dallas history. The former Ms. Baird’s bread factory and loading dock warehouse are available for sale, representing a corner-to-corner property spanning 1.70 acres in Old East Dallas. The combined property consists of 5 contiguous lots, totaling 74,251 square feet of land and 58,725 square feet of building space. The property at 1401 N Carroll is on the register of historical places and may qualify for a 45% tax credit upon renovation. Alternatively, both buildings could be demolished for new construction. The properties are surrounded by ongoing development and redevelopment, and are in close proximity to downtown Dallas, Deep Ellum, Knox Henderson, and Lower Greenville. The property is intended for warehouse and industrial use.
Key Highlights
- 1.70 acres (74,251 sq ft) of land in Old East Dallas.
- Unique opportunity to own the former Ms. Baird’s bread factory and adjacent warehouse.
- 58,725 sq ft of building space.
Local Financial Insights For Warehouse
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 | $528.5k | $9.00 |
| − Vacancy | −$50.2k | −$0.86 |
| EGI | $478.3k | $8.15 |
| − OpEx | −$71.7k | −$1.22 |
| NOI | $406.6k | $6.92 |
58,725 SF · lease $9.00/SF/yr · vacancy 9.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$5.81M
$5.08M – $6.78M
NOI $406,568 @ 7.0% cap · market cap 6.72%
Second Best
Industrial
$4.78M
$4.19M – $5.58M
NOI $334,821 @ 7.0% cap · market cap 5.53%
Theoretical Best
Office A
$70.47M
$61.66M – $82.21M
NOI $4,932,562 @ 7.0% cap · market cap 81.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Former Mrs. Baird's ...
Tour Operator
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FAQs
What type of property is this?
Warehouse - Unique opportunity in Old East Dallas near downtown.
Where is this warehouse located?
The property is located at 1401 N Carroll Ave Dallas, TX.
What is the asking price?
The asking price for this property is $6,052,580.
What are key features of this property?
This property features: 1.70 acres (74,251 sq ft) of land in Old East Dallas.; Unique opportunity to own the former Ms. Baird’s bread factory and adjacent warehouse.; **58,725 sq ft of building space.**
