Freestanding Retail
New
For Sale
$2,300,000
12809 Audelia Rd, Dallas, TX 75243
Standalone retail building near established retail, educational, and corporate destinations.
Property Size8,000 SF
Price / SF$287.50
Days on Market2
Property Features for 12809 Audelia Rd
General Information
Standard status
Active
Size
8,000 SF
Building Details
Year Built
2000
Listing Agency:
WILLIAM DAVIS REALTY
Listed By:
Long Ly
(972) 732-6002
Source:
Tonyaharbin
Added: Sep 11
Changed: Sep 12
Last Checked: Sep 11 at 2:23PM
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 WILLIAM DAVIS REALTY
Investment Insights
Based on property information with market context.
This freestanding retail property at 12809 Audelia Rd is an approximately 8,000-square-foot building constructed in 2000. The standalone format provides a dedicated commercial presence for a range of retail or service-oriented operations, including doctor clinics, dental offices, and other retail businesses identified for the property.
The building is positioned at the southwest quadrant of Walnut Street and Audelia Road, where combined traffic counts are almost 50,000 vehicles per day. Hong Kong Market Place anchors the surrounding retail environment, which also includes Metro City Bank, 7-Eleven, and multiple restaurants. Richland Community College is within walking distance and has more than 20,000 enrolled students. The property is also near corporate campuses for Texas Instruments, Fossil, and Raytheon Technology, with dense residential development in the surrounding area.
The building is positioned at the southwest quadrant of Walnut Street and Audelia Road, where combined traffic counts are almost 50,000 vehicles per day. Hong Kong Market Place anchors the surrounding retail environment, which also includes Metro City Bank, 7-Eleven, and multiple restaurants. Richland Community College is within walking distance and has more than 20,000 enrolled students. The property is also near corporate campuses for Texas Instruments, Fossil, and Raytheon Technology, with dense residential development in the surrounding area.
Key Highlights
- Approximately 8,000 sq. ft. freestanding retail building
- Constructed in 2000
- Southwest quadrant of Walnut Street and Audelia Road
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$128,724
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.60%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,574,480
$2.6M
Cap Rate 7%
$1,838,914
$1.8M
Cap Rate 9%
$1,430,267
$1.4M
Market Conditions
NOI Build-Up for 8,000 SF
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.
Gross rent
$193.0K $24.12/SF
− Vacancy
−$9.1K −$1.13/SF
EGI
$183.9K $22.99/SF
− OpEx
−$55.2K −$6.90/SF
NOI
$128.7K $16.09/SF
Area
ZIP 75243
Vacancy
4.70%
Lease Rate
$24.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,574,480
Cap Rate 7%
$1,838,914
Cap Rate 9%
$1,430,267
Alternative Uses
Best Use
Retail
$1.84M
$1.61M – $2.15M
NOI $128,724 @ 7.0% cap · market cap 5.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.76M
$7.66M – $10.22M
NOI $612,953 @ 7.0% cap · market cap 26.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
423
Businesses Nearby
19k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 81%
Dining 14%
Electronics 5%
7-Eleven
Shops & Services
8,132 visits/mo
0.1 miles
Shell
Shops & Services
7,326 visits/mo
0.2 miles
Louisiana Fried Chicken
Dining
1,387 visits/mo
0.3 miles
Donut Palace
Dining
1,301 visits/mo
0.3 miles
Metro by T-Mobile
Electronics
902 visits/mo
0.1 miles
Demographics for 75243, TX
62,273
Population
31,577
Households
2
Avg Household Size
34
Median Age
34%
College-Educated
86%
High-School Grad
9.2 sq mi
ZIP Area
6,769
Density / Sq Mi
$50,357
Median Household Income
$33,760
Median Earnings
$1,226
Median Rent
$359,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Storefront property - Standalone retail building near established retail, educational, and corporate destinations.
Where is this storefront property located?
The property is located at 12809 Audelia Rd Dallas, TX.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Approximately 8,000 sq. ft. freestanding retail building; Constructed in 2000; Southwest quadrant of Walnut Street and Audelia Road
