Office Building with Conference
For Sale
$619,900
1400 Kari Ann Dr, Cedar Hill, TX 75104
Well-maintained office property with private offices, reception areas, kitchenette, ADA accessibility, and on-site parking.
Property Size2,340 SF
Lot Size2.28 Acres
Price / SF$264.91
Days on Market75
Property Features for 1400 Kari Ann Dr
General Information
Standard status
Active
Size
2,340 SF
Lot size
2.28 Acres
Zoning
Neighborhood Services
Additional Details
Highway Access
Yes
Amenities
conference room
reception area
break room
kitchenette
ADA accessibility
Building Details
Year Built
1984
Buildings
1
Listing Agency:
Legacy Realty Group
Listed By:
Leslie Majors · License #0521444
(972) 905-6333
Source:
Christenberrygroup
Added: Aug 3
Changed: Oct 12
Last Checked: Oct 7 at 2:15PM
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 Legacy Realty Group
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Investment Insights
Based on property information with market context.
This 2,340-square-foot office building, constructed in 1984, is arranged for professional, medical, or administrative use. Interior features include multiple private offices, conference space, reception areas, and a break room with kitchenette and sitting area. The property is ADA accessible and includes on-site parking.
The building occupies 2.275 acres at 1400 Kari Ann Dr in Cedar Hill, Texas. Neighborhood Services zoning is intended for limited, small-scale businesses providing convenience goods and personal services to nearby residents. The acreage also provides room for future expansion or additional development, subject to applicable requirements.
The building occupies 2.275 acres at 1400 Kari Ann Dr in Cedar Hill, Texas. Neighborhood Services zoning is intended for limited, small-scale businesses providing convenience goods and personal services to nearby residents. The acreage also provides room for future expansion or additional development, subject to applicable requirements.
Key Highlights
- 2,340‑square‑foot office building on 2.275 acres
- Neighborhood Services zoning for limited, small‑scale businesses and personal services
- Multiple private offices with conference space and reception areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,170
Cap Rate
5.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$663,400
$663.4K
Cap Rate 7%
$473,857
$473.9K
Cap Rate 9%
$368,556
$368.6K
Market Conditions
NOI Build-Up for 2,340 SF
Gross rent
$59.0K $25.20/SF
− Vacancy
−$14.7K −$6.30/SF
EGI
$44.2K $18.90/SF
− OpEx
−$11.1K −$4.73/SF
NOI
$33.2K $14.17/SF
Area
Dallas County, TX
Vacancy
25.00%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$663,400
Cap Rate 7%
$473,857
Cap Rate 9%
$368,556
Alternative Uses
Best Use
Office B
$473.9K
$414.6K – $552.8K
NOI $33,170 @ 7.0% cap · market cap 5.35%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$28.05M
$24.54M – $32.72M
NOI $1,963,413 @ 7.0% cap · market cap 316.73%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
182
Businesses Nearby
Explore this area
Business Placement
Demographics for 75104, TX
49,749
Population
17,365
Households
2.9
Avg Household Size
37
Median Age
31%
College-Educated
91%
High-School Grad
36.9 sq mi
ZIP Area
1,348
Density / Sq Mi
$91,147
Median Household Income
$46,579
Median Earnings
$1,886
Median Rent
$274,900
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Well-maintained office property with private offices, reception areas, kitchenette, ADA accessibility, and on-site parking.
Where is this office building located?
The property is located at 1400 Kari Ann Dr Cedar Hill, TX.
What is the asking price?
The asking price for this property is $619,900.
What are key features of this property?
This property features: 2,340‑square‑foot office building on 2.275 acres; Neighborhood Services zoning for limited, small‑scale businesses and personal services; Multiple private offices with conference space and reception areas
