Building Details

Year Built 1907

Listing Agency: Duncan Real Estate Co.

Listed By: Ty Duncan · License #0693646 Show Phone

Source: Tonyaharbin

Added: Jul 21 Changed: Oct 8 Last Checked: Oct 5 at 7:43PM

Report an Issue

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 Duncan Real Estate Co.

Investment Insights

Based on property information with market context.

This commercial land parcel is located at 2401 Hickory St. in Dallas’s Cedars district. The site falls within the Cedars Special Purpose Development District, PD-317, and the property information identifies potential applications including mixed-use, industrial, light manufacturing, multifamily, office, and boutique retail development.

The property is also designated within a Federal Opportunity Zone. Its Dallas location places it near Downtown Dallas, Deep Ellum, and major transportation corridors, providing access to established urban destinations and regional routes. The surrounding district is characterized by creative spaces and ongoing redevelopment activity.

Key Highlights

• Located at 2401 Hickory St. in Dallas’s Cedars district
• Within the Cedars Special Purpose Development District, PD‑317
• Potential uses include mixed‑use, industrial, light manufacturing, multifamily, office, and boutique retail

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$110,880

Cap Rate

7.39%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,217,600 $2.2M

Cap Rate 7%

$1,584,000 $1.6M

Cap Rate 9%

$1,232,000 $1.2M

Market Conditions

NOI Build-Up for 8,400 SF

Gross rent

$201.6K $24.00/SF

− Vacancy

−$24.2K −$2.88/SF

EGI

$177.4K $21.12/SF

− OpEx

−$66.5K −$7.92/SF

NOI

$110.9K $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%

$2,217,600

Cap Rate 7%

$1,584,000

Cap Rate 9%

$1,232,000

Alternative Uses

Best Use

Mixed Use

$1.58M

$1.39M – $1.85M (±1% cap)

NOI $110,880 @ 7.0% cap · market cap 7.39%

Second Best

Warehouse

$830.8K

$726.9K – $969.3K (±1% cap)

NOI $58,155 @ 7.0% cap · market cap 3.88%

Theoretical Best

Office A

$10.08M

$8.82M – $11.76M (±1% cap)

NOI $705,552 @ 7.0% cap · market cap 47.04%

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

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

B & B Sign ... (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Pet Grooming Service (Bike/Boat/Book/etc) Store Locksmith Veterinary Clinic Restaurant Electrical Service

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

Location Intelligence

Trade Area within ½ mile

1,479

Businesses Nearby

Explore this area Business Placement

Demographics for 75215, TX

18,806

Population

8,481

Households

2.2

Avg Household Size

37

Median Age

17%

College-Educated

73%

High-School Grad

7.7 sq mi

ZIP Area

2,442

Density / Sq Mi

$41,388

Median Household Income

$34,114

Median Earnings

$1,209

Median Rent

$137,700

Median Home Value

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

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this commercial land located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

Industrial Flex Building with Office

11421 Chairman Dr, Dallas, TX 75243

$1,799,000

7,472 SF

View details

Flex Office/Warehouse Building

13550 Vargon Street, Dallas, TX 75243

$2,250,000

View details

Light Industrial Multi-Structure with Office

11909 C F Hawn Fwy, Dallas, TX 75253

$1,250,000

7,073 SF

View details

Remodeled Flex Space with Loading Dock

5530 Military Parkway, Dallas, TX 75227

$1,200,000

0.02 Acres

View details

Mixed-Use Convenience Property

2020 S Harwood St, Dallas, TX 75215

$7,000,000

View details

Manufacturing Building with Loading Bays

5515 Parkdale Drive, Dallas, TX 75227

$1,200,000

0.69 Acres

View details

Warehouse with Three-Door Access

4107 Urban Ave, Dallas, TX 75227

$450,000

6,860 SF

View details

Multi-Building Industrial Asset For Sale

9779 C F HAWN Fwy, Dallas, TX 75217

Contact for pricing

8,444 SF

View details

Industrial Warehouse with Secured Area

4832 Memphis Street, Dallas, TX 75207

Contact for pricing

8,245 SF

View details

Flex Space With Showroom

10426 C F Hawn Freeway, Dallas, TX 75217

$795,000

0.71 Acres

View details

Renovated Mixed-Use Property with Retail

1303 Dragon Street A, Dallas, TX 75207

$4,562,500

12,500 SF

View details

Warehouse-Flex Space

4222 Harry Hines Boulevard, Dallas, TX 75219

Contact for pricing

10,000 SF

View details

Frequently Asked Questions

What type of property is this?

Commercial land - Urban development site within PD-317 with flexible potential for mixed-use, industrial, office, multifamily, and retail concepts.

Where is this commercial land located?

The property is located at 2401 Hickory St Dallas, TX.

What is the asking price?

The asking price for this property is $1,499,900.

What are key features of this property?

This property features: Located at 2401 Hickory St. in Dallas’s Cedars district; Within the Cedars Special Purpose Development District, PD‑317; Potential uses include mixed‑use, industrial, light manufacturing, multifamily, office, and boutique retail