Standalone Retail
New
For Sale
$2,300,000
12809 Audelia Road, Dallas, TX 75243
CommercialSale, Dallas, TX
Property Size8,000 SF
Lot Size0.65 Acres
Price / SF$287.50
Days on Market1
Property Features for 12809 Audelia Road
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
Retail commercial
Parking features
Parking Lot
Subdivision
Richland Square Rev
Directions
SWC of Walnut and Audelia by Hong Kong Market Place in Dallas.
Standard status
Active
APN
0084260A0001F0000
Lot size
0.65 Acres
Taxes and HOA fees
Tax Description
RICHLAND SQUARE REV BLK A/8426 LT 1F VOL20001
Legal Description
RICHLAND SQUARE REV BLK A/8426 LT 1F VOL20001
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
2000
Floors in Building
1
Number of units
2
Flooring type
Vinyl, Tile
Building materials
Brick, Stucco
Listing Agency:
WILLIAM DAVIS REALTY
(214) 705-1000
Listed By:
Long Ly
(972) 732-6002
Added: Sep 9
Last Checked: Sep 9 at 3:06PM
MLS# 21380282
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This standalone retail building contains approximately 8,000 square feet on a 0.654-acre parcel. Constructed in 2000, the property features brick and stucco exterior materials, vinyl and tile flooring, central electric heating, central air conditioning, and a dedicated parking lot. Public water and sewer serve the site.
The property is positioned at the southwest quadrant of Walnut Street and Audelia Road in Dallas. Combined traffic counts at the intersection are almost 50,000 vehicles per day. Nearby businesses include Hong Kong Market Place, Metro City Bank, 7-Eleven, and multiple restaurants. Richland Community College is within walking distance and reports enrollment exceeding 20,000 students, while Texas Instruments, Fossil, and Raytheon Technology corporate campuses are also nearby.
The property is positioned at the southwest quadrant of Walnut Street and Audelia Road in Dallas. Combined traffic counts at the intersection are almost 50,000 vehicles per day. Nearby businesses include Hong Kong Market Place, Metro City Bank, 7-Eleven, and multiple restaurants. Richland Community College is within walking distance and reports enrollment exceeding 20,000 students, while Texas Instruments, Fossil, and Raytheon Technology corporate campuses are also nearby.
Key Highlights
- Approximately 8,000 square feet on a 0.654‑acre parcel
- Southwest quadrant of Walnut Street and Audelia Road
- Combined intersection traffic counts of almost 50,000 vehicles per day
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
Lease Details
50,000 VPD
Traffic count
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
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Storefront property - The building includes a dedicated parking lot, central HVAC, and public water and sewer.
Where is this storefront property located?
The property is located at 12809 Audelia Road 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 square feet on a 0.654‑acre parcel; Southwest quadrant of Walnut Street and Audelia Road; Combined intersection traffic counts of almost 50,000 vehicles per day
