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 Market61
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
Listed By:
Andrea Sallis · License #0550693
(972) 772-7000
Source:
Teamrobbins
Added: Aug 16
Changed: Oct 15
Last Checked: Oct 15 at 3:42AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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 / Yr
$763,620
Cap Rate
7.27%
Suggested Prices Based on Cap Rates
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
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 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.
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Property Analytics
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Open Analytics
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
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
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
