Grand Prairie Multi-Tenant Industrial
For Sale
Contact for pricing
2457 NW Dallas St, Grand Prairie, TX 75050
20,400 SF multi-tenant industrial asset on 1.84 acres.
Property Size20,400 SF
Lot Size1.84 Acres
Price / SF$129.90
Days on Market111
Property Features for 2457 NW Dallas St
General Information
Standard status
Active
Size
20,400 SF
Class
B
Lot size
1.84 Acres
Property subtype
Industrial
Zoning
Light Industrial
Occupancy
100%
Lease Type
Gross
Investment Type
Value Add
Net Operating Income
$21,000
Building Details
Year Built
1978
Tenancy
Multi
Listing Agency:
SVN | Trinity Advisors
(469) 815-4154
Listed By:
Ivan del-Aguila · License #TX 0704342
Source:
Crexi
Added: May 14
Changed: Aug 21
Last Checked: Aug 31 at 8:56AM
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 SVN | Trinity Advisors
Investment Insights
Based on property information with market context.
This is a 20,400 SF multi-tenant small-bay industrial asset situated on 1.84 acres in Grand Prairie, Texas. The property features a mix of grade-level and dock-high loading. It has a clear height of 16'-17', supporting broad tenant demand across light industrial and service users. The property's efficient layout and central DFW location position the asset to capitalize on sustained demand for small-bay industrial product. There is a compelling mark-to-market and repositioning opportunity, with three of the four leases expiring in October and the remaining lease expiring in December, allowing new ownership to secure new tenancy and drive continued income growth in the near term.
Key Highlights
- 20,400 SF multi‑tenant small‑bay industrial asset.
- Located in Grand Prairie, Texas, in a central DFW location.
- Mix of grade‑level and dock‑high loading.
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
$213,857
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
8.07%
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%
$4,277,140
$4.3M
Cap Rate 7%
$3,055,100
$3.1M
Cap Rate 9%
$2,376,189
$2.4M
Market Conditions
NOI Build-Up for 20,400 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
$318.2K $15.60/SF
− Vacancy
−$12.7K −$0.62/SF
EGI
$305.5K $14.98/SF
− OpEx
−$91.7K −$4.49/SF
NOI
$213.9K $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%
$4,277,140
Cap Rate 7%
$3,055,100
Cap Rate 9%
$2,376,189
Alternative Uses
Best Use
Industrial
$3.06M
$2.67M – $3.56M
NOI $213,857 @ 7.0% cap · market cap 8.07%
Second Best
Flex RnD
$3.02M
$2.65M – $3.53M
NOI $211,630 @ 7.0% cap · market cap 7.99%
Theoretical Best
Office A
$5.74M
$5.02M – $6.69M
NOI $401,472 @ 7.0% cap · market cap 15.15%
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 - 20,400 SF multi-tenant industrial asset on 1.84 acres.
Where is this flex space located?
The property is located at 2457 NW Dallas St Grand Prairie, TX.
What is the asking price?
The asking price for this property is $2,650,000.
What are key features of this property?
This property features: 20,400 SF multi‑tenant small‑bay industrial asset.; Located in Grand Prairie, Texas, in a central DFW location.; Mix of grade‑level and dock‑high loading.
