Retail Property at High-Traffic
13601 Midway Road Dallas, TX 75244
13601 Midway Road, Dallas, TX, 75244
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For Sale
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Retail property with drive-through, leased to Origin Bank.
Property Size7,333 SF
Lot Size1.48 Acres
Price / SF$586.39
Days on Market64
Property Features for 13601 Midway Road
General Information
- Standard status
- Active
- Size
- 7,333 SF
- Lot size
- 1.48 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 2006
Listing Agency
DUWEST
Listed by
Will Walters · License #TX 596941
Source
Crexi
Added: May 15 Checked: Jul 17 at 4:04 am
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 DUWEST
Investment Insights
Based on property information with market context.
This retail property is located at the intersection of Midway and Alpha Road in Farmers Branch, Dallas, Texas. Constructed in 2006, the 7,333 square foot building is situated on 1.4795 acres and features a drive-through and parking. The property is currently leased to Origin Bank, with a sublease to Neurodivergent Center of America Texas, LLC, operating as play-based ABA therapy. The lease is guaranteed by Origin Bank through August 31, 2031, and includes a 7.5% rent increase scheduled for September 2026. The signalized intersection provides visibility with over 60,000 vehicles per day. The surrounding area has average home values of $535,211 within 1 mile and is near Parish Episcopal School and Greenhill School.
Key Highlights
- Lease guaranteed by Origin Bank through August 31, 2031.
- Significant rent increase of 7.5% scheduled for September 2026.
- Located at a highly trafficked, signalized intersection with over 60,000 vehicles per day.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $176.9k | $24.12 |
| − Vacancy | −$8.5k | −$1.16 |
| EGI | $168.4k | $22.96 |
| − OpEx | −$42.1k | −$5.74 |
| NOI | $126.3k | $17.22 |
7,333 SF · lease $24.12/SF/yr · vacancy 4.80% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.80M
$1.58M – $2.10M
NOI $126,287 @ 7.0% cap · market cap 2.94%
Second Best
Retail
$1.69M
$1.47M – $1.97M
NOI $117,991 @ 7.0% cap · market cap 2.74%
Theoretical Best
Office A
$8.80M
$7.70M – $10.27M
NOI $615,930 @ 7.0% cap · market cap 14.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Origin Bank
Bank
Similar For Sale Nearby
FAQs
What type of property is this?
Bank - Retail property with drive-through, leased to Origin Bank.
Where is this bank located?
The property is located at 13601 Midway Road Dallas, TX.
What is the asking price?
The asking price for this property is $4,300,000.
What are key features of this property?
This property features: Lease guaranteed by Origin Bank through August 31, 2031.; Significant rent increase of 7.5% scheduled for September 2026.; Located at a **highly trafficked, signalized intersection with over 60,000 vehicles per day.**
