Listing Agency: Capstone Commercial Show Phone

Listed By: Doug Molny Show Phone

Source: Moodyscre

Added: Jan 15 Changed: Oct 26 Last Checked: Oct 28 at 9:13AM

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Investment Insights

Based on property information with market context.

This property provides showroom/office/warehouse space totaling 7,700 square feet, designed for both front-of-house presentation and back-of-house operations. Interior improvements include a glass entryway and conference room, an IKEA kitchen/breakroom area, and two large open workrooms. The layout also features four private offices, two ADA restrooms, and an IT/security system room. Additional building features include stained and sealed floors, white pinwheel insulation on the ceiling, and skylights, along with recessed docking and clear-height warehouse functionality.

The building has a recessed dock door with electric motor and a TPO white roof, supporting approximately 14’ clear height. It is zoned MU-3 PD/621 (live, work, light manufacturing).

The space is equipped with 100% A/C for year-round comfort and convenience, with a range of office and support rooms integrated into the overall flex and warehouse configuration.

Key Highlights

• 7,700 SF showroom/office/warehouse space
• 100% A/C plus skylights for interior light
• Recessed dock door with electric motor

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$67,568

Cap Rate

3.13%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,351,360 $1.4M

Cap Rate 7%

$965,257 $965.3K

Cap Rate 9%

$750,756 $750.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 7,700 SF

Gross rent

$115.5K $15.00/SF

− Vacancy

−$11.6K −$1.50/SF

EGI

$104.0K $13.50/SF

− OpEx

−$36.4K −$4.73/SF

NOI

$67.6K $8.78/SF

Area

Dallas, TX

Vacancy

10.00%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,351,360

Cap Rate 7%

$965,257

Cap Rate 9%

$750,756

Alternative Uses

Best Use

Flex RnD

$965.3K

$844.6K – $1.13M (±1% cap)

NOI $67,568 @ 7.0% cap · market cap 3.13%

Second Best

Warehouse

$761.6K

$666.4K – $888.5K (±1% cap)

NOI $53,309 @ 7.0% cap · market cap 2.47%

Theoretical Best

Office A

$9.24M

$8.08M – $10.78M (±1% cap)

NOI $646,756 @ 7.0% cap · market cap 30.00%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Veterinary Clinic Daycare Center Pet Grooming Service (Bike/Boat/Book/etc) Store Bakery Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

14 ft

Clear height

1

Dock-high doors

Location Intelligence

Trade Area within ½ mile

2,380

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 75207, TX

7,116

Population

2,465

Households

2.9

Avg Household Size

33

Median Age

30%

College-Educated

81%

High-School Grad

3.9 sq mi

ZIP Area

1,825

Density / Sq Mi

$84,149

Median Household Income

$45,903

Median Earnings

$1,789

Median Rent

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Flex showroom, office, and warehouse space with 100% A/C, skylights, and a recessed electric dock door.

Where is this flex space located?

The property is located at 2007-2009 Farrington St Dallas, TX.

What is the asking price?

The asking price for this property is $2,156,000.

What are key features of this property?

This property features: 7,700 SF showroom/office/warehouse space; 100% A/C plus skylights for interior light; Recessed dock door with electric motor