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    Freestanding Restaurant Building For Sale Title is generated by Realmo AI

    5215 Singing Hills Dr, Dallas, TX

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    2,400 SF restaurant, renovated in 2021, leased until 2029.

    Type:RETAIL
    Property size:
    2,400 SF
    Lot size:
    0.23 Acres
    Price / SF:
    $312/SF
    Added:
    Sep 5, 2024
    Days on Market:
    649
    Last Refresh:
    May 20 at 8:27 pm

    Property Features for 5215 Singing Hills Dr

    General Information

    Standard status
    Active
    Size
    2,400 SF
    Lot size
    0.23 Acres
    Property subtype
    RETAIL

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    Listing Contact
    Payne Pittman

    Listing agent Payne Pittman

    Listing office PMW Realty Partners

    Listing date Sep 5, 2024

    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 PMW Realty Partners

    HighLights

    • Leased until March 2029, providing stable income.
    • NOI: $58,730, indicating strong profitability.
    • Fully renovated in 2021, minimizing near‑term capital expenditures.
    • Freestanding 2,400 SF building on .24 acres, offering operational flexibility.
    • Experienced operator in business since 1980, suggesting a reliable tenant.
    • Pylon signage, enhancing visibility and brand recognition.

    Overview

    This is a 2,400 square-foot freestanding restaurant building situated on a 0.24-acre lot. The property was fully renovated in 2021. An experienced operator, in business since 1980, occupies the space and expanded from across the street. The property is leased until March 2029 and features pylon signage. The Net Operating Income (NOI) is $58,730.

    Local Financial Insights For Specialty Retail

    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 $57.9k $24.12
    − Vacancy −$2.8k −$1.16
    EGI $55.1k $22.96
    − OpEx −$13.8k −$5.74
    NOI $41.3k $17.22
    2,400 SF · lease $24.12/SF/yr · vacancy 4.80% · expense 25.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $590.5K
    $516.7K – $688.9K (±1% cap)
    NOI $41,332 @ 7.0% cap · market cap 5.51%
    Second Best
    Retail
    $551.7K
    $482.7K – $643.6K (±1% cap)
    NOI $38,617 @ 7.0% cap · market cap 5.15%
    Theoretical Best
    Office A
    $2.88M
    $2.52M – $3.36M (±1% cap)
    NOI $201,586 @ 7.0% cap · market cap 26.88%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Kliff Klub Breakfast ... Restaurant Lil Cajun Grll ... Bar & Pub

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Billy Wayne's Catering — 6112 Concerto Ln, Dallas, TX 75241

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Collin
    State
    Texas
    Longitude
    -96.803
    Latitude
    32.682

    FAQs

    What type of property is this?
    Restaurant - 2,400 SF restaurant, renovated in 2021, leased until 2029.
    Where is this restaurant located?
    The property is located at 5215 Singing Hills Dr Dallas, TX.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: Leased until March 2029, providing stable income.; NOI: $58,730, indicating strong profitability.; Fully renovated in 2021, minimizing near‑term capital expenditures.
    (817) 588-3500 Call to check price and availability
    More about this property
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