Flex Industrial Property with
New
For Sale
$3,495,000
508 N Bowser Road, Richardson, TX 75081
Office, conference, warehouse, storage, and operational areas are arranged within one adaptable commercial facility.
Property Size15,283 SF
Lot Size0.78 Acres
Price / SF$228.69
Days on Market7
Property Features for 508 N Bowser Road
General Information
Standard status
Active
Size
15,283 SF
Lot size
0.78 Acres
Property subtype
Commercial
Warehouse & Industrial
Clear Height
11 ft
Drive-In Doors
2
Power
400 amps
Amenities
glass-enclosed conference room
reception space
Building Details
Year Built
1976
Building Size
15,283 SF
Listing Agency:
Grand Estates Internationale
(469) 585-4991
Listed By:
Pegah Ganji
(469) 268-5609
Source:
Dallasandbeyond
Added: Oct 1
Changed: Oct 6
Last Checked: Oct 5 at 6:37PM
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 Grand Estates Internationale
Investment Insights
Based on property information with market context.
At 508 N Bowser Road in Richardson, this 15,283-square-foot flex industrial property sits on approximately 0.78 acres. Its layout brings together reception space, private offices, a conference room, warehouse, storage, and operational areas. The office areas have been updated, and the glass-enclosed conference room is among the recent interior improvements; the property has also received interior and exterior repainting.
The warehouse and operational areas are served by two grade-level drive-in doors. The building has approximately 11 feet of clear height and 400-amp electrical service. Built in 1976, the property combines office and industrial functions within a single facility.
The warehouse and operational areas are served by two grade-level drive-in doors. The building has approximately 11 feet of clear height and 400-amp electrical service. Built in 1976, the property combines office and industrial functions within a single facility.
Key Highlights
- 15,283 SQ.FT flex industrial property on approximately 0.78 acres
- Office, conference, warehouse, storage, and operational areas in one facility
- Approximately 11 foot clear height
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$139,473
Cap Rate
3.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,789,460
$2.8M
Cap Rate 7%
$1,992,471
$2.0M
Cap Rate 9%
$1,549,700
$1.5M
Market Conditions
NOI Build-Up for 15,283 SF
Gross rent
$238.4K $15.60/SF
− Vacancy
−$23.8K −$1.56/SF
EGI
$214.6K $14.04/SF
− OpEx
−$75.1K −$4.91/SF
NOI
$139.5K $9.13/SF
Area
Richardson, TX
Vacancy
10.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,789,460
Cap Rate 7%
$1,992,471
Cap Rate 9%
$1,549,700
Alternative Uses
Best Use
Flex RnD
$1.99M
$1.74M – $2.32M
NOI $139,473 @ 7.0% cap · market cap 3.99%
Second Best
Warehouse
$1.61M
$1.41M – $1.88M
NOI $112,862 @ 7.0% cap · market cap 3.23%
Theoretical Best
Office A
$4.64M
$4.06M – $5.41M
NOI $324,831 @ 7.0% cap · market cap 9.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
11 ft
Clear height
2
Drive-in doors
Location Intelligence
Trade Area within ½ mile
1,363
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 75081, TX
37,766
Population
14,662
Households
2.6
Avg Household Size
37
Median Age
45%
College-Educated
90%
High-School Grad
9.0 sq mi
ZIP Area
4,196
Density / Sq Mi
$90,953
Median Household Income
$50,026
Median Earnings
$1,765
Median Rent
$340,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Office, conference, warehouse, storage, and operational areas are arranged within one adaptable commercial facility.
Where is this flex space located?
The property is located at 508 N Bowser Road Richardson, TX.
What is the asking price?
The asking price for this property is $3,495,000.
What are key features of this property?
This property features: 15,283 SQ.FT flex industrial property on approximately 0.78 acres; Office, conference, warehouse, storage, and operational areas in one facility; Approximately 11 foot clear height
