Mixed-Use Property with Ground-Floor
1303 Dragon Street Dallas, TX 75207
1303 Dragon Street, Dallas, TX, 75207
$4,562,500
For Sale
$4,562,500
SINGLE_FAMILY - Dallas, TX
Property Size12,500 SF
Lot Size0.24 Acres
Price / SF$365
Days on Market283
Property Features for 1303 Dragon Street
General Information
- Property type
- Residential
- Property subtype
- Retail
- Parking features
- Garage, Assigned
- Standard status
- Active
- APN
- 00C71850001303A00
- Lot size
- 0.24 Acres
Taxes and HOA fees
- Tax Description
- 1303 DRAGON STREET CONDOS BLK 5/6835 LT24&PT3
- Tax Annual Amount
- 19049
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2005
- Floors in Building
- 3
- Number of units
- 4
- Flooring type
- Concrete, Tile
- Building materials
- Brick, Concrete
- Roof type
- Composition
Listing Agency
OnDemand Realty
(214) 766-5833
Frisco, TX
Listed by
Annie Stiles · License #0734735
(214) 766-5833
Added: Oct 8, 2025 Checked: Jul 17 at 5:06 am
MLS# 21081437
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.
Introducing 1303 Dragon Street, a fully renovated mixed-use property built in 2006 and extensively upgraded in 2021. The building totals 12,500 SF and features 4,421 SF of ground-floor retail space paired with three individually deeded residential condominiums: 2,947 SF, 2,498 SF, and 2,634 SF. Each condo includes a private entrance and high-end finishes with smart technology throughout. Residential amenities also include a climate-controlled six-car garage and a private rooftop patio. The property is further supported by 18 on-site parking spaces, and includes a grade-level dock door associated with private garage access.
Located in the Dallas Design District, the property offers a walkable setting near restaurants, galleries, and nightlife. It is also described as steps from The Seam, a 160,000 SF destination for upscale dining, retail, design, and wellness.
Designed for flexible ownership and operation, this offering can support a live, work, play model, a flagship retail presence, or a long-term hold with income potential. The ground-floor retail is delivered vacant per pro forma assumptions, and the residential condominiums have never been occupied nor offered for lease, positioning the asset for a buyer to implement their own leasing and operating strategy.
Located in the Dallas Design District, the property offers a walkable setting near restaurants, galleries, and nightlife. It is also described as steps from The Seam, a 160,000 SF destination for upscale dining, retail, design, and wellness.
Designed for flexible ownership and operation, this offering can support a live, work, play model, a flagship retail presence, or a long-term hold with income potential. The ground-floor retail is delivered vacant per pro forma assumptions, and the residential condominiums have never been occupied nor offered for lease, positioning the asset for a buyer to implement their own leasing and operating strategy.
Key Highlights
- 12,500 SF mixed‑use property with 4,421 SF ground‑floor retail plus three residential condos totaling 2,947 SF, 2,498 SF, and 2,634 SF
- Built in 2006 with extensive upgrades in 2021 and recently completely renovated
- Three individually deeded residential condominiums, each with a private entrance
Local 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 | $301.5k | $24.12 |
| − Vacancy | −$14.2k | −$1.13 |
| EGI | $287.3k | $22.99 |
| − OpEx | −$86.2k | −$6.90 |
| NOI | $201.1k | $16.09 |
12,500 SF · lease $24.12/SF/yr · vacancy 4.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.87M
$2.51M – $3.35M
NOI $201,131 @ 7.0% cap · market cap 4.41%
Second Best
Apartment 5plus
$2.72M
$2.38M – $3.17M
NOI $190,075 @ 7.0% cap · market cap 4.17%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Fully renovated mixed-use asset combining ground-floor retail with three deeded residential condominiums and on-site parking.
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: 12,500 SF mixed‑use property with 4,421 SF ground‑floor retail plus three residential condos totaling 2,947 SF, 2,498 SF, and 2,634 SF; Built in 2006 with extensive upgrades in 2021 and recently completely renovated; Three individually deeded residential condominiums, each with a private entrance
