Multi-Tenant Industrial
For Sale
Contact for pricing
1500 S Interstate 35 E, Lancaster, TX 75146
Multi-tenant industrial asset totaling 114,440 SF, located along I-35E in Lancaster, Texas.
Property Size114,440 SF
Price / SF$117.97
Days on Market107
Property Features for 1500 S Interstate 35 E
General Information
Standard status
Active
Size
114,440 SF
Property subtype
INDUSTRIAL
Additional Details
Highway Access
Yes
Building Details
Tenancy
Multi
Listing Agency:
SLJ Company, LLC
(214) 520-8818
Listed By:
Ty Underwood · License #419172
(214) 274-8707
Source:
Moodyscre
Added: Jul 15
Changed: Oct 26
Last Checked: Oct 28 at 10:01AM
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, LLC
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Investment Insights
Based on property information with market context.
Still Meadow Industrial Park is a multi-tenant, small-bay industrial asset totaling 114,440 square feet. The property is offered for sale and is designed for multiple tenants within a warehouse setting.
The project is located along I-35E at 1500 S Interstate 35 E in Lancaster, Texas, providing direct placement within an active industrial corridor.
According to the seller, the offering includes near-term value-add potential and is paired with attractive seller financing.
The project is located along I-35E at 1500 S Interstate 35 E in Lancaster, Texas, providing direct placement within an active industrial corridor.
According to the seller, the offering includes near-term value-add potential and is paired with attractive seller financing.
Key Highlights
- 114,440‑square‑foot, multi‑tenant small‑bay industrial asset
- Located along I‑35E in Lancaster, Texas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$720,357
Cap Rate
5.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$14,407,140
$14.4M
Cap Rate 7%
$10,290,814
$10.3M
Cap Rate 9%
$8,003,967
$8.0M
Market Conditions
NOI Build-Up for 114,440 SF
Gross rent
$929.3K $8.12/SF
− Vacancy
−$81.8K −$0.71/SF
EGI
$847.5K $7.41/SF
− OpEx
−$127.1K −$1.11/SF
NOI
$720.4K $6.29/SF
Area
Dallas County, TX
Vacancy
8.80%
Lease Rate
$8.12 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$14,407,140
Cap Rate 7%
$10,290,814
Cap Rate 9%
$8,003,967
Alternative Uses
Best Use
Warehouse
$10.29M
$9.00M – $12.01M
NOI $720,357 @ 7.0% cap · market cap 5.34%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1,371.75M
$1,200.28M – $1,600.38M
NOI $96,022,656 @ 7.0% cap · market cap 711.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
771
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75146, TX
23,837
Population
9,575
Households
2.5
Avg Household Size
35
Median Age
27%
College-Educated
87%
High-School Grad
34.7 sq mi
ZIP Area
687
Density / Sq Mi
$70,143
Median Household Income
$42,889
Median Earnings
$1,560
Median Rent
$249,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Warehouse - Multi-tenant industrial asset totaling 114,440 SF, located along I-35E in Lancaster, Texas.
Where is this warehouse located?
The property is located at 1500 S Interstate 35 E 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: 114,440‑square‑foot, multi‑tenant small‑bay industrial asset; Located along I‑35E in Lancaster, Texas
