Urban Infill Commercial
For Sale
$10,500,000
1912 S Good Latimer Expy, Dallas, TX 75226
PDD-area site with Good Latimer frontage and direct connectivity to I-30, I-45, Downtown, Uptown, Deep Ellum, and the Dallas Arts District.
Property Size57,850 SF
Price / SF$181.50
Days on Market14
Property Features for 1912 S Good Latimer Expy
General Information
Standard status
Active
Size
57,850 SF
Building Details
Year Built
1960
Listing Agency:
Keller Williams Rockwall
(972) 772-7000
Listed By:
Andrea Sallis · License #0550693
Source:
Teamrobbins
Added: Aug 16
Changed: Aug 28
Last Checked: Aug 29 at 12:38PM
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 Keller Williams Rockwall
Investment Insights
Based on property information with market context.
This commercial land offering at 1912 S Good Latimer Expy includes an industrial building constructed in 1960 with approximately 41,000 SF. The property is positioned for redevelopment or adaptive reuse, with source materials identifying creative office, mixed-use, multifamily, and live-work concepts among the potential directions.
The site fronts S Good Latimer Expy in The Cedars and connects to I-30 and I-45, as well as Downtown, Uptown, Deep Ellum, and the Dallas Arts District. The property is located within a PDD area. A nearby sister property at 2512 Ferris is also available, creating a potential opportunity for land assembly.
The site fronts S Good Latimer Expy in The Cedars and connects to I-30 and I-45, as well as Downtown, Uptown, Deep Ellum, and the Dallas Arts District. The property is located within a PDD area. A nearby sister property at 2512 Ferris is also available, creating a potential opportunity for land assembly.
Key Highlights
- Approximately 41,000 SF industrial building constructed in 1960
- Frontage on S Good Latimer Expy in The Cedars
- PDD‑area commercial land positioned for redevelopment or adaptive reuse
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
$763,620
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
7.27%
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%
$15,272,400
$15.3M
Cap Rate 7%
$10,908,857
$10.9M
Cap Rate 9%
$8,484,667
$8.5M
Market Conditions
NOI Build-Up for 57,850 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
$1.39M $24.00/SF
− Vacancy
−$166.6K −$2.88/SF
EGI
$1.22M $21.12/SF
− OpEx
−$458.2K −$7.92/SF
NOI
$763.6K $13.20/SF
Area
Dallas, TX
Vacancy
12.00%
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%
$15,272,400
Cap Rate 7%
$10,908,857
Cap Rate 9%
$8,484,667
Alternative Uses
Best Use
Mixed Use
$10.91M
$9.55M – $12.73M
NOI $763,620 @ 7.0% cap · market cap 7.27%
Second Best
Industrial
$4.71M
$4.12M – $5.50M
NOI $329,832 @ 7.0% cap · market cap 3.14%
Theoretical Best
Office A
$69.42M
$60.74M – $80.98M
NOI $4,859,067 @ 7.0% cap · market cap 46.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,255
Businesses Nearby
Explore this area
Business Placement
Demographics for 75226, TX
4,535
Population
3,221
Households
1.4
Avg Household Size
33
Median Age
38%
College-Educated
92%
High-School Grad
1.1 sq mi
ZIP Area
4,123
Density / Sq Mi
$69,589
Median Household Income
$52,972
Median Earnings
$1,731
Median Rent
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - PDD-area site with Good Latimer frontage and direct connectivity to I-30, I-45, Downtown, Uptown, Deep Ellum, and the Dallas Arts District.
Where is this commercial land located?
The property is located at 1912 S Good Latimer Expy Dallas, TX.
What is the asking price?
The asking price for this property is $10,500,000.
What are key features of this property?
This property features: Approximately 41,000 SF industrial building constructed in 1960; Frontage on S Good Latimer Expy in The Cedars; PDD‑area commercial land positioned for redevelopment or adaptive reuse
