Flex Industrial Property with
For Sale
$874,900
Pending
1305 Jelmak St, Grand Prairie, TX 75050
Flexible industrial building combining warehouse, office, loading, yard, and parking components.
Property Size7,350 SF
Days on Market43
Property Features for 1305 Jelmak St
General Information
Standard status
Pending
Size
7,350 SF
Property subtype
Commercial
Building Details
Year Built
1995
Listing Agency:
Bridgepoint Residential LLC
Listed By:
Kristin Parisi
(214) 212-6686
Source:
Realestatestation
Added: Jul 23
Changed: Sep 3
Last Checked: Sep 3 at 1:57AM
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 7,350-square-foot flex property combines warehouse and office areas within a versatile industrial layout. Grade-level loading supports day-to-day receiving and shipping, while the yard and parking areas provide additional operational space. The configuration is suited to warehouse, distribution, manufacturing, and service-oriented uses identified for the property.
The site is located at 1305 Jelmak St in Grand Prairie, within the Dallas-Fort Worth area. Access to Interstate 30 and Highway 360 connects the property with major regional transportation routes. Its position in an established industrial corridor places operations near the broader Metroplex labor, supplier, and customer base described for the site.
The site is located at 1305 Jelmak St in Grand Prairie, within the Dallas-Fort Worth area. Access to Interstate 30 and Highway 360 connects the property with major regional transportation routes. Its position in an established industrial corridor places operations near the broader Metroplex labor, supplier, and customer base described for the site.
Key Highlights
- 7,350‑square‑foot flex industrial property
- Warehouse and office areas in one industrial layout
- Grade‑level loading capability
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 - Flexible industrial building combining warehouse, office, loading, yard, and parking components.
Where is this flex space located?
The property is located at 1305 Jelmak St 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 flex industrial property; Warehouse and office areas in one industrial layout; Grade‑level loading capability
