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    Renovated Mixed-Use Property in Dallas Title is generated by Realmo AI

    1303 Dragon Street, Dallas, TX 75207

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    Claim this Listing
    For Sale
    $4,562,500

    Retail - Dallas, TX

    Type:Retail
    Property size:
    12,500 SF
    Lot size:
    0.24 Acres
    Price / SF:
    $365/SF
    Added:
    Oct 8, 2025
    Days on Market:
    226
    Last Refresh:
    May 21 at 2:06 pm

    Property Features for 1303 Dragon Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Parking features
    Assigned, Garage
    Standard status
    Active
    APN
    00C71850001303A00
    Size
    12,500 SF
    Lot size
    0.24 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    2005
    Flooring type
    Concrete, Tile, Tile - Ceramic
    Building materials
    Brick, Concrete
    Roof type
    Composition
    Architectural style
    Other

    We can help!

    Listing Contact
    Annie Stiles

    Listing agent Annie Stiles License #0734735

    Listing office OnDemand Realty 12225 Greenville Ave, Suite 110, Frisco, TX

    Listing date Oct 8, 2025

    MLS# 21081437 Listing URL

    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.

    HighLights

    • Rare, fully renovated 12,500 SF mixed‑use property in the heart of the Dallas Design District.
    • Combines 4,421 SF of ground‑floor retail space with three individually deeded residential condominiums.
    • Each condo features a private entrance, high‑end finishes, and smart technology.
    • Includes a climate‑controlled six‑car garage and a private rooftop patio.
    • 18 on‑site parking spaces, a premium amenity in the Design District.
    • Walking distance to top restaurants, galleries, nightlife, and The Seam.

    Overview

    This mixed-use property, located in the heart of the Dallas Design District, offers a rare opportunity. Constructed in 2006 and extensively renovated in 2021, the 12,500 SF building combines 4,421 SF of ground-floor retail space with three individually deeded residential condominiums. The condominiums measure 2,947 SF, 2,498 SF, and 2,634 SF respectively. Each condo features a private entrance, high-end finishes, and smart technology. Additional amenities include a climate-controlled six-car garage and a private rooftop patio. The property provides 18 on-site parking spaces. The location is within walking distance of the Design District’s restaurants, galleries, and nightlife, and near The Seam, a 160,000 SF destination for dining, retail, design, and wellness. The property is suited for a live, work, play setup, a retail presence, or a long-term investment. The property sits on a lot of 0.239 acres. The residential portion has never been occupied nor offered for lease. The property includes a grade-level dock door to a private garage for car parking.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Spa & Massage Center Dental Office Restaurant Hair Salon Nail Salon Law Firm Pharmacy Auto Repair Shop Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Collin
    State
    Texas
    Longitude
    -96.818697
    Latitude
    32.789513

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with retail and residential condos in Dallas Design District.
    Where is this mixed-use property located?
    The property is located at 1303 Dragon Street Dallas, TX.
    What is the asking price?
    The asking price for this property is $4,562,500.
    What are key features of this property?
    This property features: Rare, fully renovated 12,500 SF mixed‑use property in the heart of the Dallas Design District.; Combines 4,421 SF of ground‑floor retail space with three individually deeded residential condominiums.; Each condo features a private entrance, high‑end finishes, and smart technology.
    (214) 766-5833
    We can help!
    Listing Contact
    Annie Stiles
    Real Estate License ID: 0734735
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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