Renovated Mixed-Use Property with
For Sale
$4,562,500
1303 Dragon Street A, Dallas, TX 75207
Versatile Dallas Design District asset combining ground-floor retail with three privately accessed residential condominiums.
Property Size12,500 SF
Price / SF$365
Days on Market47
Property Features for 1303 Dragon Street A
General Information
Standard status
Active
Size
12,500 SF
Total Parking Spaces
18
Site & Location
Neighborhood
International Center
Additional Details
Floor
Ground
Building Details
Year Built
2005
Year Renovated
2021
Buildings
1
Listing Agency:
OnDemand Realty
Listed By:
Annie Stiles · License #0734735
(214) 766-5833
Source:
Yourdavisteam
Added: Sep 20
Changed: Nov 4
Last Checked: Nov 4 at 3:24PM
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 OnDemand Realty
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Investment Insights
Based on property information with market context.
Located at 1303 Dragon Street in Dallas, this 12,500-square-foot mixed-use property combines 4,421 square feet of ground-floor retail with three individually deeded residential condominiums. The residences measure 2,947, 2,498, and 2,634 square feet, each with a private entrance, upgraded finishes, and integrated smart-home technology. Improvements completed in 2021 include a climate-controlled six-car garage, private rooftop patio, and 18 on-site parking spaces. A grade-level dock door provides access to the private garage.
The property is positioned in Dallas’ Design District within walking distance of restaurants, galleries, and nightlife. The Seam, a 160,000-square-foot destination featuring dining, retail, design, and wellness uses, is located nearby. The residential condominiums have not previously been occupied or offered for lease, and the property includes luxury finishes and branded materials throughout.
The property is positioned in Dallas’ Design District within walking distance of restaurants, galleries, and nightlife. The Seam, a 160,000-square-foot destination featuring dining, retail, design, and wellness uses, is located nearby. The residential condominiums have not previously been occupied or offered for lease, and the property includes luxury finishes and branded materials throughout.
Key Highlights
- 12,500 SF mixed‑use property with 4,421 SF of ground‑floor retail
- Three individually deeded residential condos measuring 2,947 SF, 2,498 SF, and 2,634 SF
- 2021 renovation with luxury finishes and smart technology
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$201,131
Cap Rate
4.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,022,620
$4.0M
Cap Rate 7%
$2,873,300
$2.9M
Cap Rate 9%
$2,234,789
$2.2M
Market Conditions
NOI Build-Up for 12,500 SF
Gross rent
$301.5K $24.12/SF
− Vacancy
−$14.2K −$1.13/SF
EGI
$287.3K $22.99/SF
− OpEx
−$86.2K −$6.90/SF
NOI
$201.1K $16.09/SF
Area
Dallas, TX
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 Rate 5%
$4,022,620
Cap Rate 7%
$2,873,300
Cap Rate 9%
$2,234,789
Alternative Uses
Best Use
Office B
$10.27M
$8.98M – $11.98M
NOI $718,641 @ 7.0% cap · market cap 15.75%
Second Best
Retail
$2.87M
$2.51M – $3.35M
NOI $201,131 @ 7.0% cap · market cap 4.41%
Theoretical Best
Office A
$15.00M
$13.12M – $17.50M
NOI $1,049,928 @ 7.0% cap · market cap 23.01%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
3,260
Businesses Nearby
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Business Placement
Demographics for 75207, TX
7,116
Population
2,465
Households
2.9
Avg Household Size
33
Median Age
30%
College-Educated
81%
High-School Grad
3.9 sq mi
ZIP Area
1,825
Density / Sq Mi
$84,149
Median Household Income
$45,903
Median Earnings
$1,789
Median Rent
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Market
Vacancy Rate% for Office in Dallas, TX
Frequently Asked Questions
What type of property is this?
Mixed-use property - Versatile Dallas Design District asset combining ground-floor retail with three privately accessed residential condominiums.
Where is this mixed-use property located?
The property is located at 1303 Dragon Street A 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: 12,500 SF mixed‑use property with 4,421 SF of ground‑floor retail; Three individually deeded residential condos measuring 2,947 SF, 2,498 SF, and 2,634 SF; 2021 renovation with luxury finishes and smart technology
