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 Market122
Property Features for 2712 Romine Ave
General Information
Standard status
Active
Size
4,566 SF
Property subtype
Retail
Site & Location
Neighborhood
Wheatley Place
Road Access
Yes
Building Details
Building Size
4,566 SF
Year Built
1950
Listing Agency:
Wingert Real Estate Company
Listed By:
Jason Wingert · License #0589167
(214) 675-7583
Source:
Wingertrealestate
Added: Jun 25
Changed: Oct 16
Last Checked: Oct 23 at 4:28AM
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 Company
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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 / Yr
$40,067
Cap Rate
6.68%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
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Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Sassy Sisters Soul Food — 3518 Spring Ave, Dallas, TX 75210
- Smashin Dishes — 3615 hamilton ave, dallas, tx 75210
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
