Commercial Office Condo For
For Sale
Contact for pricing
Pending
1790 King Arthur Blvd. Ste 120, Carrollton, TX 75010
Commercial office condo with long-term tenant in place.
Property Size2,530 SF
Days on Market110
Property Features for 1790 King Arthur Blvd. Ste 120
General Information
Standard status
Pending
Size
2,530 SF
Property subtype
Retail, Office
Lease Type
Modified Gross
Building Details
Tenancy
Single
Listing Agency:
Christie's International Real Estate
(214) 326-1875
Listed By:
Alicia Chmielewski · License #0585423
Source:
Crexi
Added: May 13
Changed: Aug 8
Last Checked: Jul 24 at 8:15AM
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 Christie's International Real Estate
Investment Insights
Based on property information with market context.
This commercial office condo is situated in an area surrounded by dense residential communities, including Castle Hills, and benefits from a strong consumer base. The property is well-suited for medical and office-based tenants, as demonstrated by the long-term tenant currently occupying the space. Its location provides convenient access to DFW, Dallas Love Field, and Addison Airports, as well as major thoroughfares such as PGBT, Sam Rayburn Tollway, and I-35E. This connectivity facilitates access to Plano, Frisco, Addison, and North Dallas. The property is 2530 square feet. The location is in one of DFW’s most desirable commercial corridors, enhancing investment stability and long-term growth. The property is an ideal investment for buyers seeking stable returns. The property is located at 1790 King Arthur Blvd. Ste 120, Carrollton, TX 75010.
Key Highlights
- In‑place modified gross lease income providing stable returns.
- Located in a desirable commercial corridor with strong demographics.
- Convenient access to DFW, Dallas Love Field, and Addison Airports.
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
$31,339
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
3.69%
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%
$626,780
$626.8K
Cap Rate 7%
$447,700
$447.7K
Cap Rate 9%
$348,211
$348.2K
Market Conditions
NOI Build-Up for 2,530 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
$55.9K $22.08/SF
− Vacancy
−$14.1K −$5.56/SF
EGI
$41.8K $16.52/SF
− OpEx
−$10.4K −$4.13/SF
NOI
$31.3K $12.39/SF
Area
Carrollton, TX
Vacancy
25.20%
Lease Rate
$22.08 /SF/Yr
Expense Ratio
25.00%
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%
$626,780
Cap Rate 7%
$447,700
Cap Rate 9%
$348,211
Alternative Uses
Best Use
Office B
$447.7K
$391.7K – $522.3K
NOI $31,339 @ 7.0% cap · market cap 3.69%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$622.4K
$544.6K – $726.2K
NOI $43,571 @ 7.0% cap · market cap 5.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
526
Businesses Nearby
Explore this area
Business Placement
Demographics for 75010, TX
33,186
Population
13,798
Households
2.4
Avg Household Size
36
Median Age
57%
College-Educated
95%
High-School Grad
6.8 sq mi
ZIP Area
4,880
Density / Sq Mi
$105,386
Median Household Income
$61,995
Median Earnings
$1,797
Median Rent
$434,700
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Commercial office condo with long-term tenant in place.
Where is this office units located?
The property is located at 1790 King Arthur Blvd. Ste 120 Carrollton, TX.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: In‑place modified gross lease income providing stable returns.; Located in a desirable commercial corridor with strong demographics.; Convenient access to DFW, Dallas Love Field, and Addison Airports.
