Specialty-Use Church
For Sale
Contact for pricing
1224 N Josey Ln, Carrollton, TX 75006
Former specialty-use space along an established commercial corridor with access to retail, office, and service businesses.
Property Size4,275 SF
Price / SF$233.92
Days on Market52
Property Features for 1224 N Josey Ln
General Information
Standard status
Active
Size
4,275 SF
Property subtype
Office, Special Purpose
Additional Details
Highway Access
Yes
Listing Agency:
Texas Legacy Realty
Listed By:
Jake Jeong · License #820122
(214) 680-8422
Source:
Crexi
Added: Sep 4
Changed: Oct 24
Last Checked: Oct 24 at 5:00PM
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 Texas Legacy Realty
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Investment Insights
Based on property information with market context.
This 4,275 SF property is classified as a church and religious facility and was formerly used for a specialty purpose. The space may suit office users, small- to mid-sized businesses, or other specialty commercial applications, subject to applicable zoning and approvals.
Located near Josey Lane and Belt Line Road in Carrollton, the property sits within an established commercial corridor that includes retail, office, and service-oriented businesses. Access extends to the broader Carrollton trade area through nearby President George Bush Turnpike and I-35E. The location provides exposure to surrounding commercial activity and a range of neighboring business uses.
Located near Josey Lane and Belt Line Road in Carrollton, the property sits within an established commercial corridor that includes retail, office, and service-oriented businesses. Access extends to the broader Carrollton trade area through nearby President George Bush Turnpike and I-35E. The location provides exposure to surrounding commercial activity and a range of neighboring business uses.
Key Highlights
- 4,275 SF gross leasable area
- Classified as a church and religious facility
- Former specialty‑use property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,954
Cap Rate
5.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,059,080
$1.1M
Cap Rate 7%
$756,486
$756.5K
Cap Rate 9%
$588,378
$588.4K
Market Conditions
NOI Build-Up for 4,275 SF
Gross rent
$94.4K $22.08/SF
− Vacancy
−$23.8K −$5.56/SF
EGI
$70.6K $16.52/SF
− OpEx
−$17.7K −$4.13/SF
NOI
$53.0K $12.39/SF
Area
Carrollton, TX
Vacancy
25.20%
Lease Rate
$22.08 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,059,080
Cap Rate 7%
$756,486
Cap Rate 9%
$588,378
Alternative Uses
Best Use
Office B
$756.5K
$661.9K – $882.6K
NOI $52,954 @ 7.0% cap · market cap 5.30%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.05M
$920.3K – $1.23M
NOI $73,623 @ 7.0% cap · market cap 7.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
897
Businesses Nearby
Explore this area
Business Placement
Demographics for 75006, TX
47,811
Population
19,549
Households
2.4
Avg Household Size
37
Median Age
33%
College-Educated
83%
High-School Grad
17.1 sq mi
ZIP Area
2,796
Density / Sq Mi
$79,466
Median Household Income
$43,403
Median Earnings
$1,528
Median Rent
$296,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Church & religious facility - Former specialty-use space along an established commercial corridor with access to retail, office, and service businesses.
Where is this church & religious facility located?
The property is located at 1224 N Josey Ln Carrollton, TX.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 4,275 SF gross leasable area; Classified as a church and religious facility; Former specialty‑use property
