Industrial Flex Property with
For Sale
$874,900
1305 Jelmak Street, Grand Prairie, TX 75050
Versatile industrial facility with warehouse, office, loading, yard, and parking areas for a range of commercial operations.
Property Size7,350 SF
Days on Market33
Property Features for 1305 Jelmak Street
General Information
Standard status
Active
Size
7,350 SF
Property subtype
Commercial
Zoning
Industrial
Building Details
Building Size
7,350 SF
Year Built
1995
Units
1
Listing Agency:
Bridgepoint Residential LLC
(214) 212-6686
Listed By:
Kristin Parisi
(214) 212-6686
Source:
Vickiesteam
Added: Jul 30
Changed: Aug 28
Last Checked: Aug 29 at 10:18AM
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 Bridgepoint Residential LLC
Investment Insights
Based on property information with market context.
Built in 1995, this industrial flex property combines warehouse and office areas within a 7,350-square-foot facility. Grade-level loading, yard space, and on-site parking support a range of operational requirements, while the flexible layout can accommodate warehouse, distribution, manufacturing, or service-oriented uses.
The property is located at 1305 Jelmak St in Grand Prairie, with access to Interstate 30, Highway 360, and other regional transportation routes. Its DFW location places the facility within an established industrial corridor serving the broader Dallas-Fort Worth area.
The property is located at 1305 Jelmak St in Grand Prairie, with access to Interstate 30, Highway 360, and other regional transportation routes. Its DFW location places the facility within an established industrial corridor serving the broader Dallas-Fort Worth area.
Key Highlights
- 7,350‑square‑foot industrial flex property
- Built in 1995
- Warehouse and office areas in a flexible industrial layout
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
$77,052
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
8.81%
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%
$1,541,040
$1.5M
Cap Rate 7%
$1,100,743
$1.1M
Cap Rate 9%
$856,133
$856.1K
Market Conditions
NOI Build-Up for 7,350 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
$114.7K $15.60/SF
− Vacancy
−$4.6K −$0.62/SF
EGI
$110.1K $14.98/SF
− OpEx
−$33.0K −$4.49/SF
NOI
$77.1K $10.48/SF
Area
Grand Prairie, TX
Vacancy
4.00%
Lease Rate
$15.60 /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%
$1,541,040
Cap Rate 7%
$1,100,743
Cap Rate 9%
$856,133
Alternative Uses
Best Use
Warehouse
$1.29M
$1.13M – $1.51M
NOI $90,433 @ 7.0% cap · market cap 10.34%
Second Best
Industrial
$1.10M
$963.2K – $1.28M
NOI $77,052 @ 7.0% cap · market cap 8.81%
Theoretical Best
Office A
$2.07M
$1.81M – $2.41M
NOI $144,648 @ 7.0% cap · market cap 16.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
189
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75050, TX
43,531
Population
17,286
Households
2.5
Avg Household Size
33
Median Age
23%
College-Educated
79%
High-School Grad
25.8 sq mi
ZIP Area
1,687
Density / Sq Mi
$70,484
Median Household Income
$39,322
Median Earnings
$1,412
Median Rent
$224,400
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Versatile industrial facility with warehouse, office, loading, yard, and parking areas for a range of commercial operations.
Where is this flex space located?
The property is located at 1305 Jelmak Street Grand Prairie, TX.
What is the asking price?
The asking price for this property is $874,900.
What are key features of this property?
This property features: 7,350‑square‑foot industrial flex property; Built in 1995; Warehouse and office areas in a flexible industrial layout
