Retail Property at High-Traffic
For Sale
Contact for pricing
13601 Midway Road, Farmers Branch, TX 75244
Retail property with drive-through, leased to Origin Bank.
Property Size7,333 SF
Lot Size1.48 Acres
Price / SF$572.75
Days on Market110
Property Features for 13601 Midway Road
General Information
Standard status
Active
Size
7,333 SF
Class
A
Lot size
1.48 Acres
Property subtype
Retail
Occupancy
100%
Lease Type
Net
Investment Type
Value Add
Net Operating Income
$215,000
Building Details
Year Built
2006
Stories
1
Tenancy
Single
Listing Agency:
DUWEST
(214) 699-6415
Listed By:
Will Walters · License #TX 596941
Source:
Crexi
Added: May 15
Changed: Aug 31
Last Checked: Aug 30 at 8:46PM
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.
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
$131,096
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
3.12%
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%
$2,621,920
$2.6M
Cap Rate 7%
$1,872,800
$1.9M
Cap Rate 9%
$1,456,622
$1.5M
Market Conditions
NOI Build-Up for 7,333 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
$183.0K $24.96/SF
− Vacancy
−$8.2K −$1.12/SF
EGI
$174.8K $23.84/SF
− OpEx
−$43.7K −$5.96/SF
NOI
$131.1K $17.88/SF
Area
Dallas County, TX
Vacancy
4.50%
Lease Rate
$24.96 /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%
$2,621,920
Cap Rate 7%
$1,872,800
Cap Rate 9%
$1,456,622
Alternative Uses
Best Use
Specialty Retail
$1.87M
$1.64M – $2.18M
NOI $131,096 @ 7.0% cap · market cap 3.12%
Second Best
Retail
$1.74M
$1.52M – $2.03M
NOI $121,716 @ 7.0% cap · market cap 2.90%
Theoretical Best
Multifamily LT 5
$87.90M
$76.91M – $102.55M
NOI $6,152,867 @ 7.0% cap · market cap 146.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,512
Businesses Nearby
189k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 40%
Shops & Services 23%
Electronics 22%
Home Improvements & Furnishings 9%
Best Buy
Electronics
38,068 visits/mo
0.4 miles
McDonald's
Dining
25,254 visits/mo
0.5 miles
Exxon
Shops & Services
18,464 visits/mo
0.5 miles
Luby's
Dining
17,713 visits/mo
0.2 miles
At Home
Home Improvements & Furnishings
16,886 visits/mo
0.4 miles
Demographics for 75244, TX
12,576
Population
6,346
Households
2
Avg Household Size
39
Median Age
67%
College-Educated
96%
High-School Grad
4.6 sq mi
ZIP Area
2,734
Density / Sq Mi
$112,800
Median Household Income
$69,219
Median Earnings
$1,918
Median Rent
$578,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
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 Farmers Branch, TX.
What is the asking price?
The asking price for this property is $4,200,000.
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.**
