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1426 N Riverfront Blvd, Dallas, TX 75207
Showroom property with Riverfront Boulevard frontage and PD 621 zoning in Dallas’ Design District.
Property Size4,220 SF
Price / SF$402.84
Days on Market140
Property Features for 1426 N Riverfront Blvd
General Information
Standard status
Active
Size
4,220 SF
Class
B
Property subtype
Office, Retail, Special Purpose
Zoning
PD 621
Investment Type
Owner/User
Additional Details
Road Access
Yes
Building Details
Year Built
1953
Buildings
1
Stories
1
Listing Agency:
Pope Corporation
Listed By:
Matthew Otte · License #TX 521113
Source:
Crexi
Added: Apr 15
Changed: Aug 31
Last Checked: Aug 31 at 12:05AM
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 Pope Corporation
Investment Insights
Based on property information with market context.
This showroom property was built in 1953 and is positioned for a design-oriented commercial use. The building fronts N Riverfront Boulevard within Dallas’ Design District, an established setting for fine art dealers, showrooms, contemporary galleries, and food and beverage businesses.
The property carries PD 621 zoning and offers direct access from Riverfront Boulevard. Its location within the Design District places it among a range of creative commercial businesses and related destination uses.
The property carries PD 621 zoning and offers direct access from Riverfront Boulevard. Its location within the Design District places it among a range of creative commercial businesses and related destination uses.
Key Highlights
- Showroom property in Dallas’ Design District
- Frontage along N Riverfront Boulevard
- PD 621 zoning
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
$67,902
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
3.99%
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%
$1,358,040
$1.4M
Cap Rate 7%
$970,029
$970.0K
Cap Rate 9%
$754,467
$754.5K
Market Conditions
NOI Build-Up for 4,220 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
$101.8K $24.12/SF
− Vacancy
−$4.8K −$1.13/SF
EGI
$97.0K $22.99/SF
− OpEx
−$29.1K −$6.90/SF
NOI
$67.9K $16.09/SF
Area
Dallas, TX
Vacancy
4.70%
Lease Rate
$24.12 /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%
$1,358,040
Cap Rate 7%
$970,029
Cap Rate 9%
$754,467
Alternative Uses
Best Use
Retail
$970.0K
$848.8K – $1.13M
NOI $67,902 @ 7.0% cap · market cap 3.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.06M
$4.43M – $5.91M
NOI $354,456 @ 7.0% cap · market cap 20.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,566
Businesses Nearby
37k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 50%
Dining 47%
Home Improvements & Furnishings 3%
Culinary Dropout
Dining
14,054 visits/mo
0.4 miles
7-Eleven
Shops & Services
14,002 visits/mo
0.2 miles
The UPS Store
Shops & Services
4,314 visits/mo
0.1 miles
Domino's Pizza
Dining
1,886 visits/mo
0.4 miles
Southern Maid Donuts
Dining
1,271 visits/mo
0.5 miles
Demographics for 75207, TX
7,116
Population
2,465
Households
2.9
Avg Household Size
33
Median Age
30%
College-Educated
81%
High-School Grad
3.9 sq mi
ZIP Area
1,825
Density / Sq Mi
$84,149
Median Household Income
$45,903
Median Earnings
$1,789
Median Rent
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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- A A Dallas Plumbing & Title — Dallas, TX 75207
Frequently Asked Questions
What type of property is this?
Showroom - Showroom property with Riverfront Boulevard frontage and PD 621 zoning in Dallas’ Design District.
Where is this showroom located?
The property is located at 1426 N Riverfront Blvd Dallas, TX.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Showroom property in Dallas’ Design District; Frontage along N Riverfront Boulevard; PD 621 zoning
