Leased Office
For Sale
$599,900
2840 Keller Springs Rd Unit 801, Carrollton, TX 75006
Professionally occupied suite with conference, private office, reception, open work, and kitchenette areas.
Property Size2,300 SF
Price / SF$260.83
Days on Market26
Property Features for 2840 Keller Springs Rd Unit 801
General Information
Standard status
Active
Size
2,300 SF
Occupancy
100%
Additional Details
Highway Access
Yes
Office Units
1
Building Details
Year Built
2003
Tenancy
Single
Owner Occupied
No
Listing Agency:
OnDemand Realty
(214) 772-4279
Listed By:
Johanna Rodriguez · License #0742982
Source:
Yourdavisteam
Added: Aug 5
Changed: Aug 29
Last Checked: Aug 25 at 5:52AM
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 OnDemand Realty
Investment Insights
Based on property information with market context.
This approximately 2,300-square-foot office unit at 2840 Keller Springs Rd Unit 801 is configured for day-to-day business operations and is currently used by a home health services office. The interior includes a conference room, three private offices, reception space, open work areas, and a kitchenette. Built in 2003, the suite is located within Keller Springs Office Park in Carrollton, providing a professional office setting with ample parking.
The existing lease has been renewed for an additional two-year term beginning July 1st. Access to the Dallas North Tollway, George Bush Turnpike, and I-35E connects the property with business districts across the Dallas-Fort Worth metroplex. The established office configuration supports continued professional occupancy and provides a defined layout for administrative operations, meetings, and staff work areas.
The existing lease has been renewed for an additional two-year term beginning July 1st. Access to the Dallas North Tollway, George Bush Turnpike, and I-35E connects the property with business districts across the Dallas-Fort Worth metroplex. The established office configuration supports continued professional occupancy and provides a defined layout for administrative operations, meetings, and staff work areas.
Key Highlights
- Approximately 2,300 SF office unit in Keller Springs Office Park
- Existing tenant occupies the suite for home health services use
- Lease renewed for an additional two‑year term beginning July 1st
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
$28,490
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
4.75%
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%
$569,800
$569.8K
Cap Rate 7%
$407,000
$407.0K
Cap Rate 9%
$316,556
$316.6K
Market Conditions
NOI Build-Up for 2,300 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
$50.8K $22.08/SF
− Vacancy
−$12.8K −$5.56/SF
EGI
$38.0K $16.52/SF
− OpEx
−$9.5K −$4.13/SF
NOI
$28.5K $12.39/SF
Area
Carrollton, TX
Vacancy
25.20%
Lease Rate
$22.08 /SF/Yr
Expense Ratio
25.00%
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%
$569,800
Cap Rate 7%
$407,000
Cap Rate 9%
$316,556
Alternative Uses
Best Use
Office B
$407.0K
$356.1K – $474.8K
NOI $28,490 @ 7.0% cap · market cap 4.75%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$565.9K
$495.1K – $660.2K
NOI $39,610 @ 7.0% cap · market cap 6.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
601
Businesses Nearby
Explore this area
Business Placement
Demographics for 75006, TX
47,811
Population
19,549
Households
2.4
Avg Household Size
37
Median Age
33%
College-Educated
83%
High-School Grad
17.1 sq mi
ZIP Area
2,796
Density / Sq Mi
$79,466
Median Household Income
$43,403
Median Earnings
$1,528
Median Rent
$296,500
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Professionally occupied suite with conference, private office, reception, open work, and kitchenette areas.
Where is this office units located?
The property is located at 2840 Keller Springs Rd Unit 801 Carrollton, TX.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Approximately 2,300 SF office unit in Keller Springs Office Park; Existing tenant occupies the suite for home health services use; Lease renewed for an additional two‑year term beginning July 1st
