Mixed-Use Retail
For Sale
$600,000
2712 Romine Ave, Dallas, TX 75215
Vacant mixed-use building with about half walk-up street retail and half warehouse/storage suitable for auto use.
Property Size4,566 SF
Price / SF$131.41
Days on Market74
Property Features for 2712 Romine Ave
General Information
Standard status
Active
Size
4,566 SF
Property subtype
Retail
Additional Details
Road Access
Yes
Building Details
Building Size
4,566 SF
Year Built
1950
Listing Agency:
Wingert Real Estate
Listed By:
Jason Wingert · License #0589167
(214) 675-7583
Source:
Wingertrealestate
Added: Jun 25
Changed: Aug 13
Last Checked: Sep 5 at 4:59AM
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 Wingert Real Estate
Investment Insights
Based on property information with market context.
This vacant mixed-use property includes approximately half walk-up street retail space and approximately half warehouse area intended for storage or auto use. The building offers flexibility for a variety of operating models within a single, combined footprint, including retail convenience concepts or an auto repair use as a possible fit.
Set on a hard corner lot in the urban core and within walking distance of Downtown Dallas, the property is positioned in a dense neighborhood with heavy traffic.
The space presents a practical owner-user option to control the mix of street-facing retail and rear warehouse/storage operations.
Set on a hard corner lot in the urban core and within walking distance of Downtown Dallas, the property is positioned in a dense neighborhood with heavy traffic.
The space presents a practical owner-user option to control the mix of street-facing retail and rear warehouse/storage operations.
Key Highlights
- 4,566 SF mixed‑use building (about 50% walk‑up street retail and 50% warehouse/storage)
- Vacant property with hard corner lot
- Year built 1950
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
$40,067
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
6.68%
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%
$801,340
$801.3K
Cap Rate 7%
$572,386
$572.4K
Cap Rate 9%
$445,189
$445.2K
Market Conditions
NOI Build-Up for 4,566 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
$68.5K $15.00/SF
− Vacancy
−$6.8K −$1.50/SF
EGI
$61.6K $13.50/SF
− OpEx
−$21.6K −$4.73/SF
NOI
$40.1K $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%
$801,340
Cap Rate 7%
$572,386
Cap Rate 9%
$445,189
Alternative Uses
Best Use
Retail
$1.05M
$918.4K – $1.22M
NOI $73,469 @ 7.0% cap · market cap 12.24%
Second Best
Flex RnD
$572.4K
$500.8K – $667.8K
NOI $40,067 @ 7.0% cap · market cap 6.68%
Theoretical Best
Office A
$5.48M
$4.79M – $6.39M
NOI $383,518 @ 7.0% cap · market cap 63.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
674
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75215, TX
18,806
Population
8,481
Households
2.2
Avg Household Size
37
Median Age
17%
College-Educated
73%
High-School Grad
7.7 sq mi
ZIP Area
2,442
Density / Sq Mi
$41,388
Median Household Income
$34,114
Median Earnings
$1,209
Median Rent
$137,700
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Vacant mixed-use building with about half walk-up street retail and half warehouse/storage suitable for auto use.
Where is this flex space located?
The property is located at 2712 Romine Ave Dallas, TX.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 4,566 SF mixed‑use building (about 50% walk‑up street retail and 50% warehouse/storage); Vacant property with hard corner lot; Year built 1950
