Retail-Office Building in Downtown
708 Cedar Street Cedar Hill, TX 75104
For Sale
$580,000
Retail-office building with active leases and space that could be arranged for an owner-occupant downtown.
Property Size2,432 SF
Price / SF$238.49
Days on Market26
Property Features for 708 Cedar Street
General Information
- Standard status
- Active
- Size
- 2,432 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1967
Listing Agency:
Tero Real Estate
(732) 713-1762
Listed By:
Chris Cauda · License #0732537
(732) 713-1762
Source:
Cuddrealtyinc
Added: Jul 1
Changed: Jul 10
Last Checked: Jul 25 at 3:14PM
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 Tero Real Estate
Investment Insights
Based on property information with market context.
708-712 Cedar St is a retail-office building positioned in the historic downtown square of Cedar Hill. The property contains approximately 2,432 square feet and is currently under active leases. Its layout supports a combination of retail and office use, and there is also room to reconfigure the space to accommodate an owner-occupant.
The building’s setting is within the downtown square area, placing it in a central, walkable commercial context tied to the historic core of Cedar Hill. This location is particularly relevant for businesses that benefit from proximity to local retail activity and downtown foot traffic.
For buyers, the existing leased status can provide near-term occupancy coverage, while the building’s configuration also offers flexibility for an owner-operator who wants to occupy part of the property. The mixed retail-office nature can fit a range of tenant types seeking downtown presence, with the potential to tailor space based on how the owner chooses to utilize the remaining areas.
The building’s setting is within the downtown square area, placing it in a central, walkable commercial context tied to the historic core of Cedar Hill. This location is particularly relevant for businesses that benefit from proximity to local retail activity and downtown foot traffic.
For buyers, the existing leased status can provide near-term occupancy coverage, while the building’s configuration also offers flexibility for an owner-operator who wants to occupy part of the property. The mixed retail-office nature can fit a range of tenant types seeking downtown presence, with the potential to tailor space based on how the owner chooses to utilize the remaining areas.
Key Highlights
- Retail‑office building built in 1967
- Approximately 2,432 SF retail‑office building
- Has active leases in place
Financial Insights For 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 | $60.7k | $24.96 |
| − Vacancy | −$3.0k | −$1.25 |
| EGI | $57.7k | $23.71 |
| − OpEx | −$17.3k | −$7.11 |
| NOI | $40.4k | $16.60 |
2,432 SF · lease $24.96/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$576.7K
$504.6K – $672.8K
NOI $40,367 @ 7.0% cap · market cap 6.96%
Second Best
Office B
$492.5K
$430.9K – $574.6K
NOI $34,474 @ 7.0% cap · market cap 5.94%
Theoretical Best
Multifamily LT 5
$29.15M
$25.51M – $34.01M
NOI $2,040,607 @ 7.0% cap · market cap 351.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Strip malls
FAQs
What type of property is this?
Strip mall - Retail-office building with active leases and space that could be arranged for an owner-occupant downtown.
Where is this strip mall located?
The property is located at 708 Cedar Street Cedar Hill, TX.
What is the asking price?
The asking price for this property is $580,000.
What are key features of this property?
This property features: Retail‑office building built in 1967; Approximately 2,432 SF retail‑office building; Has active leases in place
