Building Details

Year Built 1960

Buildings 1

Units 1

Listing Agency: Partners

Listed By: Hanes Chatham · License #537536 Show Phone

Source: Crexi

Added: Aug 26 Changed: Oct 4 Last Checked: Oct 19 at 4:08AM

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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.

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 / Yr

$262,803

Cap Rate

5.84%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$5,256,060 $5.3M

Cap Rate 7%

$3,754,329 $3.8M

Cap Rate 9%

$2,920,033 $2.9M

Is this asking price fair?

Market Conditions

NOI Build-Up for 15,260 SF

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 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 (±1% cap)

NOI $877,317 @ 7.0% cap · market cap 19.49%

Second Best

Specialty Retail

$3.75M

$3.29M – $4.38M (±1% cap)

NOI $262,803 @ 7.0% cap · market cap 5.84%

Theoretical Best

Office A

$18.31M

$16.02M – $21.36M (±1% cap)

NOI $1,281,752 @ 7.0% cap · market cap 28.47%

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

Property Analytics

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Current Use

Blue Gourmet Bakery Handprints Academy High School

Suggested Use

Top Pick Nail Salon Locksmith (Bike/Boat/Book/etc) Store Barber Shop Tanning Salon Home Appliance Store

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

1,745

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

19.2% 2019

21.1% 2020

21.5% 2021

21.6% 2022

22% 2023

26.2% 2024

25.9% 2025

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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