Professional Office
For Sale
$359,999
529 Austin St, Grand Prairie, TX 75051
Recently constructed office property with private offices, kitchen, accessible restroom, and dedicated parking.
Property Size2,250 SF
Price / SF$159
Days on Market489
Property Features for 529 Austin St
General Information
Standard status
Active
Size
2,250 SF
Total Parking Spaces
4
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2023
Buildings
1
Building Size
2,250 SF
Listing Agency:
M&D CRE, LLC
(469) 757-6132
Listed By:
Shane Hendrix · License #0776260
Source:
Northtexashomeguide
Added: May 1, 2025
Changed: Aug 31
Last Checked: Aug 31 at 5:44PM
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 M&D CRE, LLC
Investment Insights
Based on property information with market context.
This 2,250 SF office building was constructed in 2023 and provides a practical layout for professional operations. Interior features include an open reception or collaborative area, four private offices, a full kitchen, and one ADA-compliant restroom. Four dedicated parking spaces serve the building, with additional parking along the side and motor home storage with full hookups.
The property is located just off State Highway 180 and Belt Line Road in Grand Prairie. Interstate 30, President George Bush Turnpike, State Highway 360, and State Highway 303 are all within a four-mile radius, providing access to the surrounding regional road network.
The property is located just off State Highway 180 and Belt Line Road in Grand Prairie. Interstate 30, President George Bush Turnpike, State Highway 360, and State Highway 303 are all within a four-mile radius, providing access to the surrounding regional road network.
Key Highlights
- 2,250 SF office building constructed in 2023
- Four private offices plus open reception or collaborative area
- Full kitchen and one ADA‑compliant restroom
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
$28,431
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
7.90%
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%
$568,620
$568.6K
Cap Rate 7%
$406,157
$406.2K
Cap Rate 9%
$315,900
$315.9K
Market Conditions
NOI Build-Up for 2,250 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
$48.6K $21.60/SF
− Vacancy
−$10.7K −$4.75/SF
EGI
$37.9K $16.85/SF
− OpEx
−$9.5K −$4.21/SF
NOI
$28.4K $12.64/SF
Area
Grand Prairie, TX
Vacancy
22.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
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%
$568,620
Cap Rate 7%
$406,157
Cap Rate 9%
$315,900
Alternative Uses
Best Use
Office B
$406.2K
$355.4K – $473.9K
NOI $28,431 @ 7.0% cap · market cap 7.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$632.6K
$553.5K – $738.0K
NOI $44,280 @ 7.0% cap · market cap 12.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,016
Businesses Nearby
Explore this area
Business Placement
Demographics for 75051, TX
40,243
Population
14,139
Households
2.8
Avg Household Size
32
Median Age
15%
College-Educated
68%
High-School Grad
12.6 sq mi
ZIP Area
3,194
Density / Sq Mi
$53,124
Median Household Income
$34,029
Median Earnings
$1,183
Median Rent
$196,700
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Recently constructed office property with private offices, kitchen, accessible restroom, and dedicated parking.
Where is this office building located?
The property is located at 529 Austin St Grand Prairie, TX.
What is the asking price?
The asking price for this property is $359,999.
What are key features of this property?
This property features: 2,250 SF office building constructed in 2023; Four private offices plus open reception or collaborative area; Full kitchen and one ADA‑compliant restroom
