Building Details

Year Built 1941

Listing Agency: Trinity Southwest

Listed By: Patrick Hunt Show Phone

Source: Yourdavisteam

Added: Jul 21 Changed: Sep 15 Last Checked: Oct 13 at 1:15AM

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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 Trinity Southwest

Investment Insights

Based on property information with market context.

This 6,250-square-foot flex property combines adaptable commercial space with distinctive interior finishes. Exposed brick, wood-decked ceilings, and full storefront glazing bring character and natural light to the layout. A grade-level door and semi-dock loading provide functional access for operations, deliveries, and space planning.

Built in 1941, the property is positioned at 3004 Commerce St in Dallas’s Deep Ellum district. Approximately 18’ of clear height expands its utility for retail, showroom, creative office, and live-work applications. The combination of customer-facing storefronts, flexible interiors, and loading capability supports a range of commercial configurations.

Key Highlights

• 6,250‑square‑foot flex property in Deep Ellum
• Exposed brick interiors with wood‑decked ceilings
• Full storefront windows provide abundant natural light

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$100,565

Cap Rate

4.57%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,011,300 $2.0M

Cap Rate 7%

$1,436,643 $1.4M

Cap Rate 9%

$1,117,389 $1.1M

Market Conditions

NOI Build-Up for 6,250 SF

Gross rent

$150.8K $24.12/SF

− Vacancy

−$7.1K −$1.13/SF

EGI

$143.7K $22.99/SF

− OpEx

−$43.1K −$6.90/SF

NOI

$100.6K $16.09/SF

Area

Dallas, TX

Vacancy

4.70%

Lease Rate

$24.12 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,011,300

Cap Rate 7%

$1,436,643

Cap Rate 9%

$1,117,389

Alternative Uses

Best Use

Office B

$5.13M

$4.49M – $5.99M (±1% cap)

NOI $359,321 @ 7.0% cap · market cap 16.33%

Second Best

Retail

$1.44M

$1.26M – $1.68M (±1% cap)

NOI $100,565 @ 7.0% cap · market cap 4.57%

Theoretical Best

Office A

$7.50M

$6.56M – $8.75M (±1% cap)

NOI $524,964 @ 7.0% cap · market cap 23.86%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Pet Grooming Service Locksmith Carpet & Flooring Store Electrical Service Adult Day Care

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

18 ft

Clear height

1

Drive-in doors

Location Intelligence

Trade Area within ½ mile

5,150

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 75226, TX

4,535

Population

3,221

Households

1.4

Avg Household Size

33

Median Age

38%

College-Educated

92%

High-School Grad

1.1 sq mi

ZIP Area

4,123

Density / Sq Mi

$69,589

Median Household Income

$52,972

Median Earnings

$1,731

Median Rent

Market

Vacancy Rate% for Office in Dallas, TX

19.2% 2019

21.1% 2020

21.5% 2021

21.6% 2022

22% 2023

26.2% 2024

25.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Flex space - Brick interiors and full storefront windows support retail, showroom, creative office, or live-work use.

Where is this flex space located?

The property is located at 3004 Commerce St Dallas, TX.

What is the asking price?

The asking price for this property is $2,200,000.

What are key features of this property?

This property features: 6,250‑square‑foot flex property in Deep Ellum; Exposed brick interiors with wood‑decked ceilings; Full storefront windows provide abundant natural light