Two-Story Office Building with Living
For Sale
$5,900,000
1204 Powhattan Street, Dallas, TX 75215
Two-story office building with a first-floor living quarter and frontage on three main streets.
Property Size26,482 SF
Lot Size37,800.00 Acres
Days on Market110
Property Features for 1204 Powhattan Street
General Information
Standard status
Active
Size
26,482 SF
Lot size
37,800.00 Acres
Property subtype
Industrial
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$29,832
Building Details
Building Size
26,482 SF
Year Built
1951
Stories
2
Listing Agency:
Sonya Realty, LLC
Listed By:
Sonya Rafie · License #0330549
(972) 948-9200
Source:
Nilesrealtygroup
Added: Jun 25
Changed: Oct 10
Last Checked: Oct 11 at 11:21AM
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 Sonya Realty, LLC
Investment Insights
Based on property information with market context.
This two-story commercial building is configured to support multiple business operations, with a living quarter on the first floor and many offices on both floors. The structure is described as a concrete cube on each level, providing a solid, purpose-built shell for a range of office uses. The property sits on a lot size of over 37,800 square feet and offers extensive street-facing presence.
The building faces three main streets, with frontage available along each side. It is positioned near several major highways, including I-30, I-35E, and I-45. The listing also notes walkable proximity to the Kay Bailey Hutchison Convention Center, Cedar Dart Station, and the Jack Evans Police Station.
For tenants, buyers, and operators, the mix of office space plus a dedicated first-floor living quarter may fit business owners seeking on-site space while maintaining an office component across both levels. The layout also supports scenarios where more than one team or business could operate within the same property. The offering is presented for sale, with an additional option for leasing noted in the remarks and seller financing available.
The building faces three main streets, with frontage available along each side. It is positioned near several major highways, including I-30, I-35E, and I-45. The listing also notes walkable proximity to the Kay Bailey Hutchison Convention Center, Cedar Dart Station, and the Jack Evans Police Station.
For tenants, buyers, and operators, the mix of office space plus a dedicated first-floor living quarter may fit business owners seeking on-site space while maintaining an office component across both levels. The layout also supports scenarios where more than one team or business could operate within the same property. The offering is presented for sale, with an additional option for leasing noted in the remarks and seller financing available.
Key Highlights
- Two‑story commercial office building (built 1951) with first‑floor living quarter and offices on both floors
- Lot size over 37,800 SF with frontage on 3 main streets: 1209 Belleview St, 1306 Wall St, and 1204 Powhattan St
- Building footprint described as a concrete cube on both the first and second floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$349,562
Cap Rate
5.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,991,240
$7.0M
Cap Rate 7%
$4,993,743
$5.0M
Cap Rate 9%
$3,884,022
$3.9M
Market Conditions
NOI Build-Up for 26,482 SF
Gross rent
$635.6K $24.00/SF
− Vacancy
−$76.3K −$2.88/SF
EGI
$559.3K $21.12/SF
− OpEx
−$209.7K −$7.92/SF
NOI
$349.6K $13.20/SF
Area
Dallas, TX
Vacancy
12.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,991,240
Cap Rate 7%
$4,993,743
Cap Rate 9%
$3,884,022
Alternative Uses
Best Use
Office B
$21.75M
$19.03M – $25.37M
NOI $1,522,484 @ 7.0% cap · market cap 25.80%
Second Best
Mixed Use
$4.99M
$4.37M – $5.83M
NOI $349,562 @ 7.0% cap · market cap 5.92%
Theoretical Best
Office A
$31.78M
$27.80M – $37.07M
NOI $2,224,335 @ 7.0% cap · market cap 37.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,798
Businesses Nearby
Explore this area
Business Placement
Demographics for 75215, TX
18,806
Population
8,481
Households
2.2
Avg Household Size
37
Median Age
17%
College-Educated
73%
High-School Grad
7.7 sq mi
ZIP Area
2,442
Density / Sq Mi
$41,388
Median Household Income
$34,114
Median Earnings
$1,209
Median Rent
$137,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Dallas, TX
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Frequently Asked Questions
What type of property is this?
Office units - Two-story office building with a first-floor living quarter and frontage on three main streets.
Where is this office units located?
The property is located at 1204 Powhattan Street Dallas, TX.
What is the asking price?
The asking price for this property is $5,900,000.
What are key features of this property?
This property features: Two‑story commercial office building (built 1951) with first‑floor living quarter and offices on both floors; Lot size over 37,800 SF with frontage on 3 main streets: 1209 Belleview St, 1306 Wall St, and 1204 Powhattan St; Building footprint described as a concrete cube on both the first and second floors
