Warehouse and Office Space
3051-3111 W Commerce St Dallas, TX 75212
3051-3111 W Commerce St, Dallas, TX, 75212
$30,810,036
For Sale
$30,810,036
261,102 SF warehouse with 11,965 SF office space.
Property Size261,102 SF
Price / SF$118
Days on Market138
Property Features for 3051-3111 W Commerce St
General Information
- Standard status
- Active
- Size
- 261,102 SF
- Property subtype
- Land
Building Details
- Year Built
- 1978
Listing agency
(214) 335-3320
Listed by
Adam Graham, SIOR, CCIM
(214) 335-3320
Source
Lee-associates
Added: Mar 6 Updated: Jul 10 at 1:00PM Checked: Jul 22 at 5:10AM
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 Adam Graham, SIOR, CCIM
Investment Insights
Based on property information with market context.
This property, located right off I-30 with access to local and interstate freeways including Loop 12 and I-35E, offers 261,102 square feet for sale, including 11,965 square feet of office space and 32,799 square feet of HVAC warehouse area. The warehouse features 33 dock doors and 3 ramps. It has a ceiling height of 28 feet and is equipped with a sprinkler system. The property includes two electrical systems: one with 600 amps at 277/480V and another with 2,500 amps at 277/480V.
Key Highlights
- Prime location with immediate access to I‑30, Loop 12, and I‑35E.
- 261,102 SF of warehouse space for sale.
- Significant electrical capacity: 3111 Electrical = 600 amps 277/480V, 3051 Electrical = 2,500 amps 277/480V.
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 | $2.35M | $9.00 |
| − Vacancy | −$223.2k | −$0.86 |
| EGI | $2.13M | $8.15 |
| − OpEx | −$319.0k | −$1.22 |
| NOI | $1.81M | $6.92 |
261,102 SF · lease $9.00/SF/yr · vacancy 9.50% · expense 15.00%
Alternative Uses
Best Use
Office B
$214.44M
$187.64M – $250.18M
NOI $15,011,088 @ 7.0% cap · market cap 48.72%
Second Best
Warehouse
$25.82M
$22.60M – $30.13M
NOI $1,807,674 @ 7.0% cap · market cap 5.87%
Theoretical Best
Office A
$313.30M
$274.14M – $365.52M
NOI $21,931,064 @ 7.0% cap · market cap 71.18%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
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FAQs
What type of property is this?
Warehouse - 261,102 SF warehouse with 11,965 SF office space.
Where is this warehouse located?
The property is located at 3051-3111 W Commerce St Dallas, TX.
What is the asking price?
The asking price for this property is $30,810,036.
What are key features of this property?
This property features: Prime location with immediate access to I‑30, Loop 12, and I‑35E.; 261,102 SF of warehouse space for sale.; Significant electrical capacity: 3111 Electrical = 600 amps 277/480V, 3051 Electrical = 2,500 amps 277/480V.
