Office Building with Conference
For Sale
$659,900
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$282.01
Days on Market28
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
(972) 905-6333
Listed By:
Leslie Majors · License #0521444
Source:
Christenberrygroup
Added: Aug 3
Changed: Aug 29
Last Checked: Aug 25 at 4:19AM
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
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 = 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
$33,170
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
5.03%
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%
$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
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
$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 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%
$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 5.03%
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 297.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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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 $659,900.
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
