Live-Work Industrial Condo-Office with Skyline
2323 Farrington Street Dallas, TX 75207
2323 Farrington Street, Dallas, TX, 75207
$1,600,000
For Sale
$1,600,000
Rare live-work condo with skyline views and commercial features.
Property Size3,800 SF
Price / SF$421.05
Days on Market87
Property Features for 2323 Farrington Street
General Information
- Standard status
- Active
- Size
- 3,800 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1958
Listing Agency
TCRE
(214) 718-1817
Listed by
George Tanghongs · License #0445363
(214) 718-1817
Source
Signaturere
Added: Apr 22 Checked: Jul 16 at 12:28 pm
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 TCRE
Investment Insights
Based on property information with market context.
This rare live-work industrial condo-office seamlessly blends contemporary living with professional functionality. The property features 14-foot clear ceilings, creating an open, light-filled environment suitable for creative, entrepreneurial, or executive use. It includes two bedrooms and two-and-a-half baths, along with a commercial-grade chef's kitchen. Expansive windows offer views of the Dallas skyline and Trinity River Park. A two-car private garage provides secure parking. The property also features a 30' x 20' covered outdoor patio. The property size is 3800 square feet and is located on Farrington Street in Dallas, Texas.
Key Highlights
- Stunning Dallas skyline and Trinity River Park views.
- Live‑Work space with 14‑foot ceilings, ideal for creative/entrepreneurial use.
- Commercial‑grade chef's kitchen.
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $91.2k | $24.00 |
| − Vacancy | −$10.9k | −$2.88 |
| EGI | $80.3k | $21.12 |
| − OpEx | −$30.1k | −$7.92 |
| NOI | $50.2k | $13.20 |
3,800 SF · lease $24.00/SF/yr · vacancy 12.00% · expense 37.50%
Alternative Uses
Best Use
Office B
$3.12M
$2.73M – $3.64M
NOI $218,467 @ 7.0% cap · market cap 13.65%
Second Best
Mixed Use
$716.6K
$627.0K – $836.0K
NOI $50,160 @ 7.0% cap · market cap 3.14%
Theoretical Best
Office A
$4.56M
$3.99M – $5.32M
NOI $319,178 @ 7.0% cap · market cap 19.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Live-work space
Similar For Sale Nearby
FAQs
What type of property is this?
Live-work space - Rare live-work condo with skyline views and commercial features.
Where is this live-work space located?
The property is located at 2323 Farrington Street Dallas, TX.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Stunning Dallas skyline and Trinity River Park views.; Live‑Work space with 14‑foot ceilings, ideal for creative/entrepreneurial use.; Commercial‑grade chef's kitchen.
