Building Details

Building Size 7,920 SF

Year Built 1979

Stories 1

Listed By: Luagny Jomarron Show Phone

Source: Jparhouston

Added: Jul 14 Changed: Oct 4 Last Checked: Oct 7 at 9:34AM

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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 Luagny Jomarron

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Investment Insights

Based on property information with market context.

This is a two-unit flex office/warehouse building, with each unit featuring both office and warehouse areas. The property is arranged to support combined work and storage needs within the same suite.

One unit is currently leased to a mechanic shop, while the other unit is used by the owner. The building is offered for sale.

With office and warehouse space within both units, the layout can accommodate tenants seeking a ready-to-operate setup for business use requiring both administrative and operational areas.

Key Highlights

• 2‑unit flex building built in 1979
• Each unit includes office and warehouse areas
• One unit is leased to a mechanic shop

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$83,398

Cap Rate

3.71%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,667,960 $1.7M

Cap Rate 7%

$1,191,400 $1.2M

Cap Rate 9%

$926,644 $926.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 7,920 SF

Gross rent

$142.6K $18.00/SF

− Vacancy

−$14.3K −$1.80/SF

EGI

$128.3K $16.20/SF

− OpEx

−$44.9K −$5.67/SF

NOI

$83.4K $10.53/SF

Area

ZIP 75243

Vacancy

10.00%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,667,960

Cap Rate 7%

$1,191,400

Cap Rate 9%

$926,644

Alternative Uses

Best Use

Flex RnD

$1.19M

$1.04M – $1.39M (±1% cap)

NOI $83,398 @ 7.0% cap · market cap 3.71%

Second Best

Warehouse

$783.3K

$685.4K – $913.9K (±1% cap)

NOI $54,832 @ 7.0% cap · market cap 2.44%

Theoretical Best

Office A

$8.67M

$7.59M – $10.11M (±1% cap)

NOI $606,824 @ 7.0% cap · market cap 26.97%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

MASTER GARAGE AUTO ... Auto Repair Shop Auto Place Auto Repair Shop

Suggested Use

Top Pick Real Estate Agency Building Supply Dental Office Parking Lot & Garage Auto Parts Store Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,219

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 75243, TX

62,273

Population

31,577

Households

2

Avg Household Size

34

Median Age

34%

College-Educated

86%

High-School Grad

9.2 sq mi

ZIP Area

6,769

Density / Sq Mi

$50,357

Median Household Income

$33,760

Median Earnings

$1,226

Median Rent

$359,100

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Similar Off Market Nearby

• B & P Snacks — 13440 T I Blvd #5, Dallas, TX 75243
• Dean's Catering & Pick Up — Dallas, TX 75243
• Naborly Provisions Catering — 13539 Vargon St, Dallas, TX 75243
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Frequently Asked Questions

What type of property is this?

Flex space - Two-unit flex building with office and warehouse areas, with one unit leased and one owner-occupied.

Where is this flex space located?

The property is located at 13550 Vargon Street Dallas Dallas, TX.

What is the asking price?

The asking price for this property is $2,250,000.

What are key features of this property?

This property features: 2‑unit flex building built in 1979; Each unit includes office and warehouse areas; One unit is leased to a mechanic shop