Modern Multipurpose Commercial
2661 Walnut Hill Lane, Dallas, TX 75229
SINGLE_FAMILY - Dallas, TX
Type:Office
Property size:
3,216 SFLot size:
0.83 AcresPrice / SF:
$746/SF- Added:
- Feb 27, 2026
- Days on Market:
- 96
- Last Refresh:
- Jun 3 at 1:06 am
Property Features for 2661 Walnut Hill Lane
General Information
- Property type
- Residential
- Property subtype
- Office
- Parking features
- Parking Lot, Gated, Garage, Oversize
- Security features
- Security
- Standard status
- Active
- APN
- 006515000B08A0000
- Size
- 3,216 SF
- Lot size
- 0.83 Acres
Taxes and HOA fees
- Tax Description
- KANG BLK B/6515 LT 8A ACS 0.8321
- Tax Annual Amount
- 14528
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2021
- Floors in Building
- 1
- Number of units
- 1
- Flooring type
- Tile, Concrete
- Building materials
- FiberCement, Concrete
- Roof type
- Composition
Listing agent Stacy Byassee License #0575770 (469) 231-8088
Listing office Fathom Realty, LLC McKinney, TX (888) 455-6040
Listing date Feb 27, 2026
MLS# 21128670
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Built in 2021: Modern, high‑quality construction.
- Prime Dallas Location: Excellent visibility on Walnut Hill Lane with strong traffic counts and direct access to I‑35 and I‑635.
- Large Gated and Fenced Lot: 36,240 SF lot with room for future development.
- Ample Parking: Capacity for up to 80 vehicles.
- Multipurpose Commercial Facility: 3,216 SF building zoned Industrial Research suitable for a wide range of uses.
- Functional Features: Includes three bay doors, three offices, two restrooms, and a generous storage room.
Overview
The property at 2661 Walnut Hill Lane, Dallas, TX 75229 is a modern, multipurpose commercial facility built in 2021. Zoned Industrial Research, the 3,216 square foot building is situated on a 36,240 square foot gated and fenced lot. The property has visibility along Walnut Hill Lane and experiences strong traffic counts. It features three bay doors, three offices, two restrooms, and a storage room. An expansive grass area provides room for future development. The site has capacity for up to 80 vehicles and abundant parking. It also offers direct access to I-35 and I-635. The property is suited for a range of commercial uses.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $329.6k | $102.48 |
| − Vacancy | −$83.1k | −$25.82 |
| EGI | $246.5k | $76.66 |
| − OpEx | −$61.6k | −$19.16 |
| NOI | $184.9k | $57.49 |
3,216 SF · lease $102.48/SF/yr · vacancy 25.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.64M
$2.31M – $3.08M
NOI $184,892 @ 7.0% cap · market cap 7.70%
Second Best
Flex RnD
$403.1K
$352.8K – $470.3K
NOI $28,220 @ 7.0% cap · market cap 1.18%
Theoretical Best
Office A
$3.86M
$3.38M – $4.50M
NOI $270,125 @ 7.0% cap · market cap 11.26%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Star Texas Motors
Car Dealership
Similar Places Nearby
- Great Endings Inc — 2433 Walnut Ridge St, Dallas, TX 75229
- Goodhart Coffee Catering of Dallas Fort Worth (DFW) — 2570 Southwell Rd, Dallas, TX 75229
Location Insight
- Map
- Local Demand
- City
- Dallas
- County
- Collin
- State
- Texas
- Longitude
- -96.887759
- Latitude
- 32.881605
Nearby Similar for Sale
FAQs
What type of property is this?
Flex space - Modern commercial facility in Dallas, built in 2021.
Where is this flex space located?
The property is located at 2661 Walnut Hill Lane Dallas, TX.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Built in 2021: Modern, high‑quality construction.; Prime Dallas Location: Excellent visibility on Walnut Hill Lane with strong traffic counts and direct access to I‑35 and I‑635.; Large Gated and Fenced Lot: 36,240 SF lot with room for future development.
