Flex Space with
For Sale
$349,999
2526 Hullette Ave, Lancaster, TX 75134
Office, salon, warehouse, and yard components are combined across two parcels sold together.
Property Size4,400 SF
Price / SF$79.55
Days on Market53
Property Features for 2526 Hullette Ave
General Information
Standard status
Active
Size
4,400 SF
Building Details
Year Built
2003
Listing Agency:
eXp Realty LLC
Listed By:
Yaser Alsabti · License #0784294
(888) 519-7431
Source:
Christenberrygroup
Added: Aug 16
Changed: Sep 12
Last Checked: Oct 7 at 1:02PM
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 eXp Realty LLC
Investment Insights
Based on property information with market context.
This flex property combines 4,400 SF of commercial space across two parcels conveyed together under one deed. The improvements include an office building with an attached salon unit, plus a separate warehouse accompanied by additional yard area. The configuration supports a combination of office, salon, storage, and warehouse functions within one commercial acquisition.
The property was built in 2003 and offers access to major highways. Furniture, equipment, fixtures, and personal belongings currently situated on the premises are included in the sale. The additional yard area provides outdoor space alongside the warehouse, while zoning and permitted uses remain subject to independent verification and applicable approvals.
The property was built in 2003 and offers access to major highways. Furniture, equipment, fixtures, and personal belongings currently situated on the premises are included in the sale. The additional yard area provides outdoor space alongside the warehouse, while zoning and permitted uses remain subject to independent verification and applicable approvals.
Key Highlights
- 4,400 SF of commercial space
- Two parcels under one deed; both must be sold together
- Office building with attached salon unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,696
Cap Rate
7.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$553,920
$553.9K
Cap Rate 7%
$395,657
$395.7K
Cap Rate 9%
$307,733
$307.7K
Market Conditions
NOI Build-Up for 4,400 SF
Gross rent
$35.7K $8.12/SF
− Vacancy
−$3.1K −$0.71/SF
EGI
$32.6K $7.41/SF
− OpEx
−$4.9K −$1.11/SF
NOI
$27.7K $6.29/SF
Area
Dallas County, TX
Vacancy
8.80%
Lease Rate
$8.12 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$553,920
Cap Rate 7%
$395,657
Cap Rate 9%
$307,733
Alternative Uses
Best Use
Office B
$891.0K
$779.6K – $1.04M
NOI $62,370 @ 7.0% cap · market cap 17.82%
Second Best
Warehouse
$395.7K
$346.2K – $461.6K
NOI $27,696 @ 7.0% cap · market cap 7.91%
Theoretical Best
Multifamily LT 5
$52.74M
$46.15M – $61.53M
NOI $3,691,888 @ 7.0% cap · market cap 1,054.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
180
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75134, TX
20,194
Population
7,003
Households
2.9
Avg Household Size
34
Median Age
22%
College-Educated
87%
High-School Grad
10.6 sq mi
ZIP Area
1,905
Density / Sq Mi
$66,134
Median Household Income
$48,605
Median Earnings
$1,762
Median Rent
$216,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Similar Off Market Nearby
- Spencer's Culinary Creations — 2131 Stonewood Dr, Lancaster, TX 75134
Frequently Asked Questions
What type of property is this?
Flex space - Office, salon, warehouse, and yard components are combined across two parcels sold together.
Where is this flex space located?
The property is located at 2526 Hullette Ave Lancaster, TX.
What is the asking price?
The asking price for this property is $349,999.
What are key features of this property?
This property features: 4,400 SF of commercial space; Two parcels under one deed; both must be sold together; Office building with attached salon unit
