New Flex Space with
For Sale
$625,000
3350 Balomede St, Lancaster, TX 75134
Planned commercial space combines warehouse functionality with dedicated office areas and mixed-use zoning approved by Lancaster.
Property Size3,000 SF
Price / SF$208.33
Days on Market431
Property Features for 3350 Balomede St
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Commercial
Warehouse & Industrial
Warehouse Space
1,800 SF
Office Build-Out
1,200 SF
Additional Details
Highway Access
Yes
Building Details
Year Built
2025
Listing Agency:
Parabran Realty Firm LLC
(832) 540-9697
Listed By:
Fabian Gregorio · License #0801208
Source:
Northtexashomeguide
Added: Jun 25, 2025
Changed: Aug 28
Last Checked: Aug 25 at 7:27AM
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 3350 Balomede St, this flex-space development will provide 3,000 square feet divided between 1,800 square feet of warehouse area and 1,200 square feet of office space. The project is represented through 3D renderings showing the anticipated finished design, with construction completion identified for March 2026.
The property carries mixed-use zoning approved by the City of Lancaster. Its location provides access to I-35E and downtown Lancaster, Texas, supporting businesses seeking a combination of warehouse and office space in one facility.
The property carries mixed-use zoning approved by the City of Lancaster. Its location provides access to I-35E and downtown Lancaster, Texas, supporting businesses seeking a combination of warehouse and office space in one facility.
Key Highlights
- 3,000‑square‑foot flex‑space development
- 1,800 square feet of warehouse area paired with 1,200 square feet of office space
- Mixed‑use zoning approved by the City of Lancaster
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
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
192
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 commercial space combines warehouse functionality with dedicated office areas and mixed-use zoning approved by Lancaster.
Where is this flex space located?
The property is located at 3350 Balomede St 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: 3,000‑square‑foot flex‑space development; 1,800 square feet of warehouse area paired with 1,200 square feet of office space; Mixed‑use zoning approved by the City of Lancaster
