New Mixed-Use Project For
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1601 E Trinity Mls Rd, Carrollton, TX 75007
Newly constructed mixed-use project with high traffic visibility.
Property Size40,000 SF
Price / SF$212.50
Days on Market1256
Property Features for 1601 E Trinity Mls Rd
General Information
Standard status
Active
Size
40,000 SF
Property subtype
Retail, Mixed Use
Listing Agency:
Weitzman Dallas
(214) 502-8447
Listed By:
Kevin Butkus · License #TX 678298
Source:
Crexi
Added: Mar 1, 2023
Changed: Aug 8
Last Checked: May 12 at 11:04PM
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 Weitzman Dallas
Investment Insights
Based on property information with market context.
Trinity Highlands is a newly constructed mixed-use project located at 1601 E Trinity Mills Road. The property benefits from a visible and accessible location along President George Bush Turnpike, a major east-west thoroughfare. This location experiences high traffic volume, exceeding 111,000 vehicles per day. The property size is 40000 square feet.
Key Highlights
- Visible and accessible location on E Trinity Mills Road.
- Newly constructed mixed‑use project.
- High traffic counts exceeding 111,000 vehicles per day on President George Bush Turnpike.
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
$540,000
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
6.35%
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%
$10,800,000
$10.8M
Cap Rate 7%
$7,714,286
$7.7M
Cap Rate 9%
$6,000,000
$6.0M
Market Conditions
NOI Build-Up for 40,000 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
$960.0K $24.00/SF
− Vacancy
−$96.0K −$2.40/SF
EGI
$864.0K $21.60/SF
− OpEx
−$324.0K −$8.10/SF
NOI
$540.0K $13.50/SF
Area
Carrollton, TX
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
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%
$10,800,000
Cap Rate 7%
$7,714,286
Cap Rate 9%
$6,000,000
Alternative Uses
Best Use
Mixed Use
$7.71M
$6.75M – $9.00M
NOI $540,000 @ 7.0% cap · market cap 6.35%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$9.84M
$8.61M – $11.48M
NOI $688,867 @ 7.0% cap · market cap 8.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
427
Businesses Nearby
Explore this area
Business Placement
Demographics for 75007, TX
53,960
Population
21,347
Households
2.5
Avg Household Size
39
Median Age
43%
College-Educated
92%
High-School Grad
11.9 sq mi
ZIP Area
4,534
Density / Sq Mi
$109,692
Median Household Income
$53,969
Median Earnings
$1,656
Median Rent
$360,100
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Newly constructed mixed-use project with high traffic visibility.
Where is this mixed-use property located?
The property is located at 1601 E Trinity Mls Rd Carrollton, TX.
What is the asking price?
The asking price for this property is $8,500,000.
What are key features of this property?
This property features: Visible and accessible location on E Trinity Mills Road.; Newly constructed mixed‑use project.; High traffic counts exceeding 111,000 vehicles per day on President George Bush Turnpike.
