Lancaster Industrial Park Value-Add
1500-1504 S I-35E & 3105 Lomita Dr, Lancaster, TX 75146
Multi-tenant industrial park with value-add potential in Lancaster, Texas.
Type:Industrial - Flex - Industrial
Property size:
114,440 SFPrice / SF:
$117/SF- Added:
- May 14, 2026
- Days on Market:
- 14
- Last Refresh:
- May 14 at 4:40 am
Property Features for 1500-1504 S I-35E & 3105 Lomita Dr
General Information
- Standard status
- Active
- Size
- 114,440 SF
- Property subtype
- Industrial - Flex - Industrial
Listing agent Ty Underwood
Listing office SLJ Company
Listing date May 14, 2026
Source Commercialcafe
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 SLJ Company
HighLights
- Significant value‑add opportunity: Increase rents by approximately 45% to match market rates.
- Attractive seller financing: Favorable terms including 80% LTV, 5.0% interest, a 10‑year term, and 3 years of interest‑only payments.
- Below replacement cost basis: Offered at $117.97/SF.
- Strong submarket fundamentals: Low flex vacancy rate (1.6%) and no new supply expected until 2030.
- Strategic location: Excellent visibility and access with frontage on I‑35E, with high traffic count.
- Functional small‑bay layout: Average suite size of ±4,976 SF, grade‑level and dock‑high doors.
Overview
Still Meadow Industrial Park is a multi-tenant industrial asset located in Lancaster, Texas. The property offers frontage along I-35E, which sees over 98,500 vehicles per day. Constructed between 1973 and 2013, the property consists of approximately 114,440 square feet. It features a functional small-bay layout with an average suite size of approximately 4,976 square feet, 36 grade-level and 3 dock-high doors, and clear heights of 14 to 18 feet. The property has a concrete parking lot. The finish-out is 10% office and 90% warehouse, supporting a range of service-oriented and light industrial tenants. The surrounding small-bay industrial submarket is constrained, with a 1.6% flex vacancy and no new supply expected through 2030. The property is located within a growing demographic corridor, with average household incomes exceeding $98,000 and median home values above $281,000 within a three-mile radius. The property is strategically located along I-35E in the Lancaster submarket of southern Dallas County, offering access to Lomita Drive.
Location Intelligence
Current Use by Public Records
Flex space
Similar Places Nearby
- So Savvy Corporate Catering Dallas Fort Worth — 2625 Bear Creek Rd, Lancaster, TX 75146
- DESOTO/CEDARHILL MOBILE MECHANICS — 1311 E Parkerville Rd, DeSoto, TX 75115
Location Insight
- Map
- Local Demand
- City
- Lancaster
- County
- Dallas
- State
- Texas
- Longitude
- -96.820487
- Latitude
- 32.567619
Nearby Similar for Sale
FAQs
What type of property is this?
Flex space - Multi-tenant industrial park with value-add potential in Lancaster, Texas.
Where is this flex space located?
The property is located at 1500-1504 S I-35E & 3105 Lomita Dr Lancaster, TX.
What is the asking price?
The asking price for this property is $13,500,000.
What are key features of this property?
This property features: Significant value‑add opportunity: Increase rents by approximately 45% to match market rates.; Attractive seller financing: Favorable terms including 80% LTV, 5.0% interest, a 10‑year term, and 3 years of interest‑only payments.; Below replacement cost basis: Offered at $117.97/SF.
