Flex Office and Light
For Sale
Contact for pricing
2543-2547 Farrington St, Dallas, TX 75207
Flex space with 100% AC, office/storage setup, light manufacturing support, and a rear storage area.
Property Size6,140 SF
Price / SF$280
Days on Market223
Property Features for 2543-2547 Farrington St
General Information
Standard status
Active
Size
6,140 SF
Property subtype
INDUSTRIAL
Amenities
100% AC
Gated Entry
LED Lighting
White Pin Wheel Insulation
Stained and Sealed Floors
Kitchenette
Rear Storage Area
TPO Roof
High end Finish Out
Listing Agency:
Capstone Commercial
(972) 250-5800
Listed By:
Doug Molny
(214) 686-5930
Source:
Moodyscre
Added: Feb 3
Changed: Sep 7
Last Checked: Sep 13 at 7:55AM
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 Capstone Commercial
Investment Insights
Based on property information with market context.
This flex property is designed for office, storage, and light manufacturing use, with 100% air conditioning throughout. Interior features include LED lighting, white pin wheel insulation, stained and sealed floors, and a kitchenette. The space also includes a rear storage area, supporting a practical layout for day-to-day operations. A TPO roof is in place, and the property is described as having a high-end finish out.
The building is accessed through a gated entry, adding controlled access to the premises. The property is offered for sale at 2543-2547 Farrington St, Dallas, TX 75207.
The building is accessed through a gated entry, adding controlled access to the premises. The property is offered for sale at 2543-2547 Farrington St, Dallas, TX 75207.
Key Highlights
- Flex space with 100% AC
- Office/storage layout with support for light manufacturing
- Gated entry
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
$53,879
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
3.13%
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%
$1,077,580
$1.1M
Cap Rate 7%
$769,700
$769.7K
Cap Rate 9%
$598,656
$598.7K
Market Conditions
NOI Build-Up for 6,140 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
$92.1K $15.00/SF
− Vacancy
−$9.2K −$1.50/SF
EGI
$82.9K $13.50/SF
− OpEx
−$29.0K −$4.73/SF
NOI
$53.9K $8.78/SF
Area
Dallas, TX
Vacancy
10.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
35.00%
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%
$1,077,580
Cap Rate 7%
$769,700
Cap Rate 9%
$598,656
Alternative Uses
Best Use
Flex RnD
$769.7K
$673.5K – $898.0K
NOI $53,879 @ 7.0% cap · market cap 3.13%
Second Best
Industrial
$500.1K
$437.6K – $583.5K
NOI $35,007 @ 7.0% cap · market cap 2.04%
Theoretical Best
Office A
$7.37M
$6.45M – $8.60M
NOI $515,725 @ 7.0% cap · market cap 30.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,745
Businesses Nearby
Well-served
Demand for This Use
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 Industrial in South region
Questions? Ask Rey
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Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Flex space - Flex space with 100% AC, office/storage setup, light manufacturing support, and a rear storage area.
Where is this flex space located?
The property is located at 2543-2547 Farrington St Dallas, TX.
What is the asking price?
The asking price for this property is $1,719,200.
What are key features of this property?
This property features: Flex space with 100% AC; Office/storage layout with support for light manufacturing; Gated entry
