Commercial Land
New
For Sale
$450,000
3316 S Malcolm X Boulevard, Dallas, TX 75215
The offering pairs a commercial parcel with an adjoining vacant lot, creating a two-parcel site with an existing building.
Property Size1,624 SF
Price / SF$277.09
Days on Market5
Property Features for 3316 S Malcolm X Boulevard
General Information
Standard status
Active
Size
1,624 SF
Property subtype
Commercial
Zoning
PD - 595 NC
Site & Location
Neighborhood
The Cedars
Building Details
Building Size
1,624 SF
Year Built
1935
Stories
2
Units
2
Listing Agency:
BOURQUIN REALTY
Listed By:
David Bourquin · License #0596715
(940) 329-5070
Source:
Bourquinrealty
Added: Oct 19
Changed: Oct 22
Last Checked: Oct 22 at 2:27PM
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 BOURQUIN REALTY
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Investment Insights
Based on property information with market context.
This South Dallas offering combines two adjoining parcels: the commercial property at 3316 S Malcolm X Boulevard and the vacant lot at 2803 Warren Ave. The assemblage contains an estimated 15,497 square feet of land and includes an existing commercial building listed at 1,624 square feet. The property was built in 1935 and carries a PD - 595 NC zoning designation. The rear parcel is described as residentially zoned.
The properties are offered together in as-is, where-is condition, with no repairs or concessions from the seller. Building size, lot dimensions, zoning, condition, utilities, and development potential are subject to buyer verification and applicable review and approval.
The properties are offered together in as-is, where-is condition, with no repairs or concessions from the seller. Building size, lot dimensions, zoning, condition, utilities, and development potential are subject to buyer verification and applicable review and approval.
Key Highlights
- Two adjoining parcels at 3316 S Malcolm X Boulevard and 2803 Warren Ave
- Estimated 15,497 square feet of combined land area
- Existing commercial building listed at 1,624 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,131
Cap Rate
5.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$522,620
$522.6K
Cap Rate 7%
$373,300
$373.3K
Cap Rate 9%
$290,344
$290.3K
Market Conditions
NOI Build-Up for 1,624 SF
Gross rent
$39.2K $24.12/SF
− Vacancy
−$1.8K −$1.13/SF
EGI
$37.3K $22.99/SF
− OpEx
−$11.2K −$6.90/SF
NOI
$26.1K $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%
$522,620
Cap Rate 7%
$373,300
Cap Rate 9%
$290,344
Alternative Uses
Best Use
Retail
$373.3K
$326.6K – $435.5K
NOI $26,131 @ 7.0% cap · market cap 5.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.95M
$1.71M – $2.27M
NOI $136,407 @ 7.0% cap · market cap 30.31%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
821
Businesses Nearby
35k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 70%
Shops & Services 24%
Dining 5%
Fiesta Mart
Groceries
24,408 visits/mo
0.5 miles
Chase Bank
Shops & Services
5,859 visits/mo
0.3 miles
O'Reilly Auto Parts
Shops & Services
2,524 visits/mo
0.4 miles
Blackjack Pizza
Dining
1,888 visits/mo
0.3 miles
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
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Commercial land - The offering pairs a commercial parcel with an adjoining vacant lot, creating a two-parcel site with an existing building.
Where is this commercial land located?
The property is located at 3316 S Malcolm X Boulevard Dallas, TX.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Two adjoining parcels at 3316 S Malcolm X Boulevard and 2803 Warren Ave; Estimated 15,497 square feet of combined land area; Existing commercial building listed at 1,624 square feet
