Corner Lot Flex Industrial
2817 Cherry Valley Boulevard Dallas, TX 75241
New
For Sale
$556,000
Pending
COMMERCIAL - Dallas, TX
Property Size6,900 SF
Lot Size1.25 Acres
Days on Market3
Property Features for 2817 Cherry Valley Boulevard
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Security features
- Security
- Standard status
- Pending
- APN
- 00000757270000000
- Lot size
- 1.25 Acres
Taxes and HOA fees
- Tax Description
- CHERRY VALLEY HONEY SUCKLE PT LT 27-217 8X250
- Tax Annual Amount
- 20835
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air, Ceiling Fan(s)
- Water source
- Public
Building Details
- Year built
- 1966
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Carpet, Tile
- Building materials
- Brick, Frame
- Roof type
- Composition
Listing Agency:
CENTURY 21 Judge Fite Co.
(972) 691-9987
Listed By:
Wendy Wells
(214) 920-9611
Added: Jul 21
Last Checked: Jul 23 at 10:06PM
MLS# 21221210
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.
Investment Insights
Based on property information with market context.
A +/−1.25-acre corner lot improved with two structures totaling approximately 6,900 SF, currently configured for church and former-daycare use. The property is designed for immediate functionality with onsite yard space, supporting a wide range of commercial service and light industrial applications, along with potential repositioning or redevelopment.
The site provides immediate access to major transportation corridors, including Lyndon B Johnson Freeway (I-635) and Lancaster Rd. It is located within the Southern Gateway corridor and is listed by the Dallas Central Appraisal District as Commercial Service.
With its land size, corner configuration, and usable exterior areas, the property is particularly suited for operational uses that benefit from yard space, such as fleet operations, contractor yards, outdoor storage, logistics staging, light industrial, and service-based businesses.
The site provides immediate access to major transportation corridors, including Lyndon B Johnson Freeway (I-635) and Lancaster Rd. It is located within the Southern Gateway corridor and is listed by the Dallas Central Appraisal District as Commercial Service.
With its land size, corner configuration, and usable exterior areas, the property is particularly suited for operational uses that benefit from yard space, such as fleet operations, contractor yards, outdoor storage, logistics staging, light industrial, and service-based businesses.
Key Highlights
- +/-1.25‑acre corner lot in South Dallas with immediate access to I‑635 and Lancaster Rd
- Two structures totaling approximately 6,900 SF, including a church and a former daycare
- Dallas Central Appraisal District commercial service designation supporting a range of commercial and service applications
Financial Insights For Industrial
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 | $62.1k | $9.00 |
| − Vacancy | −$5.9k | −$0.86 |
| EGI | $56.2k | $8.15 |
| − OpEx | −$16.9k | −$2.44 |
| NOI | $39.3k | $5.70 |
6,900 SF · lease $9.00/SF/yr · vacancy 9.50% · expense 30.00%
Alternative Uses
Best Use
Flex RnD
$865.0K
$756.9K – $1.01M
NOI $60,548 @ 7.0% cap · market cap 10.89%
Second Best
Industrial
$562.0K
$491.8K – $655.7K
NOI $39,340 @ 7.0% cap · market cap 7.08%
Theoretical Best
Office A
$8.28M
$7.24M – $9.66M
NOI $579,560 @ 7.0% cap · market cap 104.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Cornerstone Community Church
Church
FAQs
What type of property is this?
Church & religious facility - About 1.25-acre corner lot with two existing buildings and yard space, positioned for light industrial or service operations.
Where is this church & religious facility located?
The property is located at 2817 Cherry Valley Boulevard Dallas, TX.
What is the asking price?
The asking price for this property is $556,000.
What are key features of this property?
This property features: +/-1.25‑acre corner lot in South Dallas with immediate access to I‑635 and Lancaster Rd; Two structures totaling approximately 6,900 SF, including a church and a former daycare; Dallas Central Appraisal District commercial service designation supporting a range of commercial and service applications
