Grand Prairie Flex Industrial
For Sale
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2454 NW Dallas St, Grand Prairie, TX 75050
8,528 SF flex industrial building in Grand Prairie, Texas.
Property Size8,528 SF
Lot Size0.46 Acres
Price / SF$146.58
Days on Market164
Property Features for 2454 NW Dallas St
General Information
Standard status
Active
Size
8,528 SF
Lot size
0.46 Acres
Property subtype
Industrial
Zoning
Light Industrial
Investment Type
Owner/User
Building Details
Year Built
1978
Buildings
2
Stories
1
Listing Agency:
Evolve Real Estate
(281) 907-6339
Listed By:
MICHAEL GONZALEZ · License #486448
Source:
Crexi
Added: Mar 19
Changed: Aug 24
Last Checked: Aug 25 at 9:58PM
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 Evolve Real Estate
Investment Insights
Based on property information with market context.
This flex industrial building is located in Grand Prairie, Texas. It features 8,528 square feet of space situated on approximately 0.46 acres within the Dalworth Hills Subdivision, specifically Block 3, Lots 25–27. The property is suitable for either an owner/user or as an investment opportunity.
Key Highlights
- Flex industrial building
- Located in Grand Prairie, TX
- 8,528 SF of space
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
$89,401
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%
$1,788,020
$1.8M
Cap Rate 7%
$1,277,157
$1.3M
Cap Rate 9%
$993,344
$993.3K
Market Conditions
NOI Build-Up for 8,528 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
$133.0K $15.60/SF
− Vacancy
−$5.3K −$0.62/SF
EGI
$127.7K $14.98/SF
− OpEx
−$38.3K −$4.49/SF
NOI
$89.4K $10.48/SF
Area
Grand Prairie, TX
Vacancy
4.00%
Lease Rate
$15.60 /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%
$1,788,020
Cap Rate 7%
$1,277,157
Cap Rate 9%
$993,344
Alternative Uses
Best Use
Industrial
$1.28M
$1.12M – $1.49M
NOI $89,401 @ 7.0% cap · market cap 7.15%
Second Best
Flex RnD
$1.26M
$1.11M – $1.47M
NOI $88,469 @ 7.0% cap · market cap 7.08%
Theoretical Best
Office A
$2.40M
$2.10M – $2.80M
NOI $167,831 @ 7.0% cap · market cap 13.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
658
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 75050, TX
43,531
Population
17,286
Households
2.5
Avg Household Size
33
Median Age
23%
College-Educated
79%
High-School Grad
25.8 sq mi
ZIP Area
1,687
Density / Sq Mi
$70,484
Median Household Income
$39,322
Median Earnings
$1,412
Median Rent
$224,400
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - 8,528 SF flex industrial building in Grand Prairie, Texas.
Where is this flex space located?
The property is located at 2454 NW Dallas St Grand Prairie, TX.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Flex industrial building; Located in Grand Prairie, TX; 8,528 SF of space
