Refrigerated & Cold Storage
For Sale
Contact for pricing
2505 FARRINGTON ST, Dallas, TX 75207
Integrated office, commercial kitchen, warehouse, cooler, and freezer improvements support varied operations.
Property Size15,260 SF
Price / SF$295
Days on Market10
Property Features for 2505 FARRINGTON ST
General Information
Standard status
Active
Size
15,260 SF
Class
C
Property subtype
Industrial
Warehouse & Industrial
Warehouse Space
4,713 SF
Office Build-Out
4,025 SF
Cold Storage
Yes
Freezer
1,144 SF
Cooler
1,164 SF
Conditioned Warehouse
Yes
Building Details
Year Built
1960
Buildings
1
Units
1
Listing Agency:
Partners
Listed By:
Hanes Chatham · License #537536
(214) 289-4002
Source:
Crexi
Added: Aug 26
Changed: Sep 2
Last Checked: Sep 1 at 8:46PM
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 Partners
Investment Insights
Based on property information with market context.
This refrigerated and cold storage facility combines multiple commercial components within a 15,260 SF property. Improvements include a 4,025 SF office area, a 5,373 SF commercial kitchen, a 4,713 SF climate-controlled warehouse, a 1,164 SF cooler, and a 1,144 SF freezer. Loading features include dock seals, surface-mounted dock levelers, and a pit dock leveler. A private parking lot serves the property, and the roof is new with a 20-year warranty.
Built in 1960, the facility is located at 2505 Farrington St in Dallas, Texas. The combined office, food-production, warehouse, refrigerated, and frozen-storage areas create a consolidated operating platform for cold-chain and commercial kitchen functions.
Built in 1960, the facility is located at 2505 Farrington St in Dallas, Texas. The combined office, food-production, warehouse, refrigerated, and frozen-storage areas create a consolidated operating platform for cold-chain and commercial kitchen functions.
Key Highlights
- 15,260 SF property with office, kitchen, warehouse, cooler, and freezer areas
- 4,025 SF office area
- 5,373 SF commercial kitchen
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
$262,803
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
5.84%
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%
$5,256,060
$5.3M
Cap Rate 7%
$3,754,329
$3.8M
Cap Rate 9%
$2,920,033
$2.9M
Market Conditions
NOI Build-Up for 15,260 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
$368.1K $24.12/SF
− Vacancy
−$17.7K −$1.16/SF
EGI
$350.4K $22.96/SF
− OpEx
−$87.6K −$5.74/SF
NOI
$262.8K $17.22/SF
Area
Dallas, TX
Vacancy
4.80%
Lease Rate
$24.12 /SF/Yr
Expense Ratio
25.00%
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%
$5,256,060
Cap Rate 7%
$3,754,329
Cap Rate 9%
$2,920,033
Alternative Uses
Best Use
Office B
$12.53M
$10.97M – $14.62M
NOI $877,317 @ 7.0% cap · market cap 19.49%
Second Best
Specialty Retail
$3.75M
$3.29M – $4.38M
NOI $262,803 @ 7.0% cap · market cap 5.84%
Theoretical Best
Office A
$18.31M
$16.02M – $21.36M
NOI $1,281,752 @ 7.0% cap · market cap 28.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,745
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 Office in Dallas, TX
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Refrigerated & cold storage - Integrated office, commercial kitchen, warehouse, cooler, and freezer improvements support varied operations.
Where is this refrigerated & cold storage located?
The property is located at 2505 FARRINGTON ST Dallas, TX.
What is the asking price?
The asking price for this property is $4,501,700.
What are key features of this property?
This property features: 15,260 SF property with office, kitchen, warehouse, cooler, and freezer areas; 4,025 SF office area; 5,373 SF commercial kitchen
