Retail/Creative Flex Space with
For Sale
$1,600,000
3012 Commerce Street, Dallas, TX 75226
Flexible space with exposed brick, full storefront windows, and two grade-level doors for retail or creative/service use.
Property Size4,563 SF
Price / SF$350.65
Days on Market56
Property Features for 3012 Commerce Street
General Information
Standard status
Active
Size
4,563 SF
Property subtype
Commercial
Additional Details
Drive-In Doors
2
Building Details
Year Built
1946
Listing Agency:
Trinity Southwest
(214) 663-4218
Listed By:
Patrick Hunt
(214) 663-4218
Source:
Signaturere
Added: Jun 13
Changed: Jul 10
Last Checked: Jul 28 at 5:55PM
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 flexible commercial space is designed for adaptable retail, creative, or service use, featuring exposed brick interiors and a prominent storefront. The front includes full storefront windows, supported by two grade-level doors for direct, practical access.
Located on Commerce Street in Deep Ellum, the property benefits from recent two-way traffic conversion and enhanced streetscape improvements, supporting a more pedestrian-friendly street environment.
For tenants and buyers, the combination of retail-oriented storefront glazing and grade-level door access can support a range of showroom, client-facing, and flexible operating needs. The exposed brick interior provides an established look for merchandising and creative concepts, while the straightforward entry configuration is well suited for daily customer and delivery flow.
Located on Commerce Street in Deep Ellum, the property benefits from recent two-way traffic conversion and enhanced streetscape improvements, supporting a more pedestrian-friendly street environment.
For tenants and buyers, the combination of retail-oriented storefront glazing and grade-level door access can support a range of showroom, client-facing, and flexible operating needs. The exposed brick interior provides an established look for merchandising and creative concepts, while the straightforward entry configuration is well suited for daily customer and delivery flow.
Key Highlights
- Flexible commercial space built in 1946 in the heart of Deep Ellum
- Exposed brick interiors
- Prominent storefront with full storefront windows
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
$73,421
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
4.59%
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%
$1,468,420
$1.5M
Cap Rate 7%
$1,048,871
$1.0M
Cap Rate 9%
$815,789
$815.8K
Market Conditions
NOI Build-Up for 4,563 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
$110.1K $24.12/SF
− Vacancy
−$5.2K −$1.13/SF
EGI
$104.9K $22.99/SF
− OpEx
−$31.5K −$6.90/SF
NOI
$73.4K $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 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%
$1,468,420
Cap Rate 7%
$1,048,871
Cap Rate 9%
$815,789
Alternative Uses
Best Use
Retail
$1.05M
$917.8K – $1.22M
NOI $73,421 @ 7.0% cap · market cap 4.59%
Second Best
Flex RnD
$572.0K
$500.5K – $667.3K
NOI $40,040 @ 7.0% cap · market cap 2.50%
Theoretical Best
Office A
$5.48M
$4.79M – $6.39M
NOI $383,266 @ 7.0% cap · market cap 23.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Drive-in doors
Location Intelligence
Trade Area within ½ mile
9,320
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 Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Weiss Enterprises — 831 4th Ave, Dallas, TX 75226
- Tap Truck DFW — 1001 1st ave, dallas, tx 75201
- Wendy Krispin Caterer — 528 S Hall St, Dallas, TX 75226
- T.L. Hooker Personal Chef — 2772 Gaston Ave, Dallas, TX 75226
- Anori Chops (PICK UP ONLY) — 2525 Elm St, Dallas, TX 75226
Frequently Asked Questions
What type of property is this?
Flex space - Flexible space with exposed brick, full storefront windows, and two grade-level doors for retail or creative/service use.
Where is this flex space located?
The property is located at 3012 Commerce Street Dallas, TX.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Flexible commercial space built in 1946 in the heart of Deep Ellum; Exposed brick interiors; Prominent storefront with full storefront windows
