Retail Space with Full
New
For Sale
Contact for pricing
1309 Ferndale Avenue, Dallas, TX 75224
Updated interior includes new plumbing, HVAC, and a bathroom with shower.
Property Size504 SF
Price / SF$4.17
Days on Market3
Property Features for 1309 Ferndale Avenue
General Information
Standard status
Active
Size
504 SF
Property subtype
Retail
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Building Details
Year Built
1950
Listing Agency:
JPAR North Metro
(972) 836-9295
Listed By:
Louis Salazar · License #0444064
(214) 274-0364
Source:
Ember-realty
Added: Oct 31
Last Checked: Oct 31 at 2:33PM
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 JPAR North Metro
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Investment Insights
Based on property information with market context.
This 504-square-foot retail space includes a full bathroom with a shower. Improvements include new plumbing, HVAC, and a water heater. The building dates to 1950, and an adjoining land parcel is included with the space.
The property is on Ferndale Avenue in Dallas, near W. Illinois Avenue, Wynnewood Village, I-35E, and major Oak Cliff thoroughfares. The surrounding area includes residential and neighborhood commercial uses.
The property is on Ferndale Avenue in Dallas, near W. Illinois Avenue, Wynnewood Village, I-35E, and major Oak Cliff thoroughfares. The surrounding area includes residential and neighborhood commercial uses.
Key Highlights
- 504 square feet of retail space
- New plumbing, HVAC, and water heater
- Full bathroom with shower
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,110
Suggested Prices Based on Cap Rates
Cap Rate 5%
$162,200
$162.2K
Cap Rate 7%
$115,857
$115.9K
Cap Rate 9%
$90,111
$90.1K
Market Conditions
NOI Build-Up for 504 SF
Gross rent
$12.2K $24.12/SF
− Vacancy
−$571 −$1.13/SF
EGI
$11.6K $22.99/SF
− OpEx
−$3.5K −$6.90/SF
NOI
$8.1K $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%
$162,200
Cap Rate 7%
$115,857
Cap Rate 9%
$90,111
Alternative Uses
Best Use
Retail
$115.9K
$101.4K – $135.2K
NOI $8,110 @ 7.0% cap · market cap 386.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$604.8K
$529.2K – $705.6K
NOI $42,333 @ 7.0% cap · market cap 2,015.86%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
448
Businesses Nearby
Explore this area
Business Placement
Demographics for 75224, TX
33,766
Population
12,438
Households
2.7
Avg Household Size
32
Median Age
15%
College-Educated
69%
High-School Grad
5.7 sq mi
ZIP Area
5,924
Density / Sq Mi
$53,606
Median Household Income
$32,507
Median Earnings
$1,177
Median Rent
$213,100
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Updated interior includes new plumbing, HVAC, and a bathroom with shower.
Where is this retail space located?
The property is located at 1309 Ferndale Avenue Dallas, TX.
What are key features of this property?
This property features: 504 square feet of retail space; New plumbing, HVAC, and water heater; Full bathroom with shower
