Flex Space With Office
New
For Sale
$625,000
3350 Balomede Street, Lancaster, TX 75134
Planned flex space combines warehouse and office areas under mixed-use zoning.
Property Size3,000 SF
Days on Market3
Property Features for 3350 Balomede Street
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Commercial
Zoning
Mixed Use (See Documents)
Warehouse & Industrial
Warehouse Space
1,800 SF
Office Build-Out
1,200 SF
Additional Details
Highway Access
Yes
Building Details
Building Size
3,000 SF
Year Built
2025
Stories
1
Units
1
Listing Agency:
Parabran Realty Firm LLC
(214) 629-7787
Listed By:
Fabian Gregorio · License #0801208
(214) 629-7787
Source:
Cornerstonehomeandranch
Added: Aug 4
Changed: Aug 5
Last Checked: Aug 6 at 1:08PM
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 Parabran Realty Firm LLC
Investment Insights
Based on property information with market context.
Planned for completion in March 2026, this new flex-space development will combine 1,800 square feet of warehouse area with 1,200 square feet of office space. The design is presented through 3D renderings, which preview the intended finished improvements. The property carries mixed-use zoning approved by the City of Lancaster, supporting a range of potential business uses.
The property is located at 3350 Balomede Street in Lancaster, Texas, with access to I-35E and proximity to downtown Lancaster. Its warehouse-and-office configuration provides a contemporary commercial setting for an owner or operator seeking combined operational and administrative space.
The property is located at 3350 Balomede Street in Lancaster, Texas, with access to I-35E and proximity to downtown Lancaster. Its warehouse-and-office configuration provides a contemporary commercial setting for an owner or operator seeking combined operational and administrative space.
Key Highlights
- 1,800 square feet of warehouse area
- 1,200 square feet of office space
- Planned completion in March 2026
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
$42,525
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
6.80%
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%
$850,500
$850.5K
Cap Rate 7%
$607,500
$607.5K
Cap Rate 9%
$472,500
$472.5K
Market Conditions
NOI Build-Up for 3,000 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
$75.6K $25.20/SF
− Vacancy
−$18.9K −$6.30/SF
EGI
$56.7K $18.90/SF
− OpEx
−$14.2K −$4.73/SF
NOI
$42.5K $14.17/SF
Area
Dallas County, TX
Vacancy
25.00%
Lease Rate
$25.20 /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%
$850,500
Cap Rate 7%
$607,500
Cap Rate 9%
$472,500
Alternative Uses
Best Use
Office B
$607.5K
$531.6K – $708.8K
NOI $42,525 @ 7.0% cap · market cap 6.80%
Second Best
Warehouse
$269.8K
$236.1K – $314.7K
NOI $18,884 @ 7.0% cap · market cap 3.02%
Theoretical Best
Multifamily LT 5
$35.96M
$31.46M – $41.95M
NOI $2,517,196 @ 7.0% cap · market cap 402.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
187
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 75134, TX
20,194
Population
7,003
Households
2.9
Avg Household Size
34
Median Age
22%
College-Educated
87%
High-School Grad
10.6 sq mi
ZIP Area
1,905
Density / Sq Mi
$66,134
Median Household Income
$48,605
Median Earnings
$1,762
Median Rent
$216,600
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Planned flex space combines warehouse and office areas under mixed-use zoning.
Where is this flex space located?
The property is located at 3350 Balomede Street Lancaster, TX.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 1,800 square feet of warehouse area; 1,200 square feet of office space; Planned completion in March 2026
