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 Market61
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: Sep 11
Last Checked: Sep 13 at 8:14AM
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
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 = 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
$720,357
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
5.34%
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%
$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
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
$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 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%
$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.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Rest easy and everything — 901 n beckley ave, desoto, tx 75115
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
