Showroom Office
For Sale
Contact for pricing
2007-2009 Farrington St, Dallas, TX 75207
Flex showroom, office, and warehouse space with 100% A/C, skylights, and a recessed electric dock door.
Property Size7,700 SF
Price / SF$280
Days on Market242
Property Features for 2007-2009 Farrington St
General Information
Standard status
Active
Size
7,700 SF
Property subtype
INDUSTRIAL
Zoning
MU-3 PD/621
Warehouse & Industrial
Clear Height
14 ft
Dock-High Doors
1
Amenities
Glass Entryway/Conference Room
IKEA Kitchen/Breakroom Area
2-Large Open Workrooms
Stained & Sealed Floors
White Pin Wheel Insulation on the Ceiling
2-ADA restrooms
IT & Security System Room
Skylights
4-Private Offices
Recessed Dock Door w/ Electric Motor
TPO White Roof
100% AC
Listing Agency:
Capstone Commercial
(972) 250-5800
Listed By:
Doug Molny
(214) 686-5930
Source:
Moodyscre
Added: Jan 15
Changed: Sep 12
Last Checked: Sep 13 at 7:23AM
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 Capstone Commercial
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.
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 = 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
$67,568
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
3.13%
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%
$1,351,360
$1.4M
Cap Rate 7%
$965,257
$965.3K
Cap Rate 9%
$750,756
$750.8K
Market Conditions
NOI Build-Up for 7,700 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
$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 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%
$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
NOI $67,568 @ 7.0% cap · market cap 3.13%
Second Best
Warehouse
$761.6K
$666.4K – $888.5K
NOI $53,309 @ 7.0% cap · market cap 2.47%
Theoretical Best
Office A
$9.24M
$8.08M – $10.78M
NOI $646,756 @ 7.0% cap · market cap 30.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
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
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
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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
