Multi-Tenant Flex Space
For Sale
$1,495,000
13714 Gamma, Farmers Branch, TX 75244
Flex space in thriving business district with income potential.
Property Size16,093 SF
Price / SF$92.90
Days on Market274
Property Features for 13714 Gamma
General Information
Standard status
Active
Size
16,093 SF
Class
B
Property subtype
Office
Building Details
Building Size
16,093 SF
Year Built
1984
Listing Agency:
SVN l EVTRS (EverTrust)
(214) 356-5662
Listed By:
Bruce Marshall · License #TX #218397
(214) 356-5662
Source:
Svn
Added: Nov 21, 2025
Changed: Aug 13
Last Checked: Aug 22 at 4:41AM
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 SVN l EVTRS (EverTrust)
Investment Insights
Based on property information with market context.
This multi-tenant flex space presents an opportunity for an owner/user to occupy 10,817 square feet while generating rental income from the remaining 5,266 square feet, leased at $15.00 per square foot per year. The property is situated in a thriving business district within the Quorum/Bent Tree sub-market. Located on the east side of Gamma Road, between Alpha and Sigma Road, it resides in the Designer's District. The location provides convenient access to major hotels and restaurants. Addison Airport is a few miles to the north, and Brookhaven College is two blocks west of the property. The property is attractively priced at $93 per square foot on a proforma, with an 8.06% cap rate, an anticipated 16.91% 5-year IRR, and an anticipated 21.63% 10-year IRR. The property is located in a thriving North Dallas suburb.
Key Highlights
- Opportunity for owner/user to occupy 10,817 sq ft while generating rental income from the remaining 5,266 sq ft.
- Attractive proforma pricing at $93 per square foot.
- Strong investment potential with an 8.06% cap rate.
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
$83,423
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
5.58%
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%
$1,668,460
$1.7M
Cap Rate 7%
$1,191,757
$1.2M
Cap Rate 9%
$926,922
$926.9K
Market Conditions
NOI Build-Up for 16,093 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
$130.7K $8.12/SF
− Vacancy
−$11.5K −$0.71/SF
EGI
$119.2K $7.41/SF
− OpEx
−$35.8K −$2.22/SF
NOI
$83.4K $5.18/SF
Area
Dallas County, TX
Vacancy
8.80%
Lease Rate
$8.12 /SF/Yr
Expense Ratio
30.00%
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%
$1,668,460
Cap Rate 7%
$1,191,757
Cap Rate 9%
$926,922
Alternative Uses
Best Use
Office B
$3.26M
$2.85M – $3.80M
NOI $228,118 @ 7.0% cap · market cap 15.26%
Second Best
Industrial
$1.19M
$1.04M – $1.39M
NOI $83,423 @ 7.0% cap · market cap 5.58%
Theoretical Best
Multifamily LT 5
$192.90M
$168.79M – $225.05M
NOI $13,503,081 @ 7.0% cap · market cap 903.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,532
Businesses Nearby
Explore this area
Business Placement
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 Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Flex space in thriving business district with income potential.
Where is this office units located?
The property is located at 13714 Gamma Farmers Branch, TX.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: Opportunity for owner/user to occupy 10,817 sq ft while generating rental income from the remaining 5,266 sq ft.; Attractive proforma pricing at $93 per square foot.; Strong investment potential with an 8.06% cap rate.
