Warehouse and Office
For Sale
$385,000
2526 Hullette Ave, Lancaster, TX 75134
Two parcels under one deed combine office space, an attached salon unit, and a warehouse with yard space.
Property Size4,400 SF
Price / SF$87.50
Days on Market111
Property Features for 2526 Hullette Ave
General Information
Standard status
Active
Size
4,400 SF
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$4,837
Listing Agency:
eXp Realty LLC
Listed By:
Yaser Alsabti · License #0784294
(210) 999-9874
Source:
Exprealty
Added: Jul 3
Changed: Sep 5
Last Checked: Oct 21 at 12:41AM
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 eXp Realty LLC
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Investment Insights
Based on property information with market context.
This offering consists of two parcels sold together under one deed, combining office space with an attached salon unit and a separate warehouse parcel with additional land for yard space. The office component provides space for business administration and day-to-day operations alongside the attached salon unit configuration. The warehouse parcel includes yard area, supporting uses that benefit from outdoor storage and contractor-style operations, with additional flexibility through future expansion subject to city zoning and approvals.
The property is located at 2526 Hullette Avenue in Lancaster, TX 75134 and is described as having convenient access to major highways. Prospective buyers should conduct their own due diligence regarding zoning, permitted uses, square footage, parcel details, dimensions, and any development or use restrictions.
With a built-in mix of office and warehouse functions, this property can accommodate owner-users and multi-operation setups, including business activities that need both indoor work space and outdoor yard area. The sale includes the furniture, equipment, fixtures, and personal belongings currently located on the property, intended to support a smoother transition for the buyer. The seller is willing to consider seller concessions with an acceptable offer. Buyer and buyer’s agent should independently verify all information.
The property is located at 2526 Hullette Avenue in Lancaster, TX 75134 and is described as having convenient access to major highways. Prospective buyers should conduct their own due diligence regarding zoning, permitted uses, square footage, parcel details, dimensions, and any development or use restrictions.
With a built-in mix of office and warehouse functions, this property can accommodate owner-users and multi-operation setups, including business activities that need both indoor work space and outdoor yard area. The sale includes the furniture, equipment, fixtures, and personal belongings currently located on the property, intended to support a smoother transition for the buyer. The seller is willing to consider seller concessions with an acceptable offer. Buyer and buyer’s agent should independently verify all information.
Key Highlights
- Commercial property built in 2003 featuring an office building with an attached salon unit
- Two parcels sold together under one deed
- Second parcel includes a warehouse plus additional land for yard space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,696
Cap Rate
7.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$553,920
$553.9K
Cap Rate 7%
$395,657
$395.7K
Cap Rate 9%
$307,733
$307.7K
Market Conditions
NOI Build-Up for 4,400 SF
Gross rent
$35.7K $8.12/SF
− Vacancy
−$3.1K −$0.71/SF
EGI
$32.6K $7.41/SF
− OpEx
−$4.9K −$1.11/SF
NOI
$27.7K $6.29/SF
Area
Dallas County, TX
Vacancy
8.80%
Lease Rate
$8.12 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$553,920
Cap Rate 7%
$395,657
Cap Rate 9%
$307,733
Alternative Uses
Best Use
Office B
$891.0K
$779.6K – $1.04M
NOI $62,370 @ 7.0% cap · market cap 16.20%
Second Best
Warehouse
$395.7K
$346.2K – $461.6K
NOI $27,696 @ 7.0% cap · market cap 7.19%
Theoretical Best
Multifamily LT 5
$52.74M
$46.15M – $61.53M
NOI $3,691,888 @ 7.0% cap · market cap 958.93%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
180
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75134, TX
20,194
Population
7,003
Households
2.9
Avg Household Size
34
Median Age
22%
College-Educated
87%
High-School Grad
10.6 sq mi
ZIP Area
1,905
Density / Sq Mi
$66,134
Median Household Income
$48,605
Median Earnings
$1,762
Median Rent
$216,600
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Warehouse - Two parcels under one deed combine office space, an attached salon unit, and a warehouse with yard space.
Where is this warehouse located?
The property is located at 2526 Hullette Ave Lancaster, TX.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Commercial property built in 2003 featuring an office building with an attached salon unit; Two parcels sold together under one deed; Second parcel includes a warehouse plus additional land for yard space
