Dallas Design District Investment
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2280-82 Vantage St, Dallas, TX 75207
Fully leased industrial asset in Dallas Design District.
Property Size6,000 SF
Lot Size0.14 Acres
Price / SF$225
Days on Market185
Property Features for 2280-82 Vantage St
General Information
Standard status
Active
Size
6,000 SF
Class
B
Lot size
0.14 Acres
Property subtype
Mixed Use, Office, Retail
Occupancy
100%
Lease Type
NNN
Building Details
Year Built
1960
Buildings
2
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Texas Top Realty
Listed By:
Patrick Bilnoski · License #TX 566927
Source:
Crexi
Added: Feb 18
Changed: Aug 8
Last Checked: Aug 21 at 8:07AM
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 Texas Top Realty
Investment Insights
Based on property information with market context.
This is a fully stabilized, income-generating industrial asset located in the Dallas Design District. The property, situated at 2280-82 Vantage Street, Dallas, TX 75207, features a warehouse/showroom building that is 100% leased. The rentable building size is approximately 6,000 square feet, situated on a land size of approximately 6,000 square feet. The property is under a Single Tenant NNN Lease, with the current tenant in place through December 2027, providing immediate cash flow. The property is positioned minutes from Downtown Dallas and major transportation arteries.
Key Highlights
- 100% Leased with Single Tenant (NNN Lease)
- Income‑Generating Industrial Asset
- Tenant in Place Through December 2027
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
$96,543
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
7.15%
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%
$1,930,860
$1.9M
Cap Rate 7%
$1,379,186
$1.4M
Cap Rate 9%
$1,072,700
$1.1M
Market Conditions
NOI Build-Up for 6,000 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
$144.7K $24.12/SF
− Vacancy
−$6.8K −$1.13/SF
EGI
$137.9K $22.99/SF
− OpEx
−$41.4K −$6.90/SF
NOI
$96.5K $16.09/SF
Area
Dallas, TX
Vacancy
4.70%
Lease Rate
$24.12 /SF/Yr
Expense Ratio
30.00%
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%
$1,930,860
Cap Rate 7%
$1,379,186
Cap Rate 9%
$1,072,700
Alternative Uses
Best Use
Retail
$1.38M
$1.21M – $1.61M
NOI $96,543 @ 7.0% cap · market cap 7.15%
Second Best
Mixed Use
$1.13M
$990.0K – $1.32M
NOI $79,200 @ 7.0% cap · market cap 5.87%
Theoretical Best
Office A
$7.20M
$6.30M – $8.40M
NOI $503,965 @ 7.0% cap · market cap 37.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,347
Businesses Nearby
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully leased industrial asset in Dallas Design District.
Where is this mixed-use property located?
The property is located at 2280-82 Vantage St Dallas, TX.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 100% Leased with Single Tenant (NNN Lease); Income‑Generating Industrial Asset; Tenant in Place Through December 2027
