3350 Balomede St, Lancaster, TX 75134

Building Details

Year Built 2025 More

Listing Agency: Parabran Realty Firm LLC

Listed By: Fabian Gregorio · License #0801208 Show Phone

Source: Northtexashomeguide

Added: May 16, 2025 Changed: Oct 31 Last Checked: Oct 5 at 6:53PM

Report an Issue

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

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

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.

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 / Yr

$42,525

Cap Rate

6.80%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$850,500 $850.5K

Cap Rate 7%

$607,500 $607.5K

Cap Rate 9%

$472,500 $472.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,000 SF

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 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 (±1% cap)

NOI $42,525 @ 7.0% cap · market cap 6.80%

Second Best

Warehouse

$269.8K

$236.1K – $314.7K (±1% cap)

NOI $18,884 @ 7.0% cap · market cap 3.02%

Theoretical Best

Office A

$920.1K

$805.1K – $1.07M (±1% cap)

NOI $64,409 @ 7.0% cap · market cap 10.31%

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

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage Electrical Service Plumbing Service (Bike/Boat/Book/etc) Store

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

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

Average Price Trend$/SF for Flex space in Dallas County, TX

$293 Jul

$184 Aug

$168 Sep

$176 Oct

Properties on Market for Flex space in Dallas County

Jul

Aug

Sep

Oct

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Similar For Sale Nearby

See more

Warehouse and Office Property

2526 Hullette Ave, Lancaster, TX 75134

$385,000

4,400 SF

View details

Flexible Office Unit with Workspace

509 E 3rd St, Lancaster, TX 75146

$155,000

1,020 SF

View details

Lancaster Warehouse with Office Space

301 E PECAN ST, Lancaster, TX 75146

$2,000,000

19,190 SF

View details

Warehouse with Secured Yard

1329 E Wheatland Rd, Lancaster, TX 75134

Contact for pricing

8,500 SF

View details

Lancaster Warehouse with Highway Frontage

3228 N I-35E, Lancaster, TX

Contact for pricing

18,000 SF

View details

Multi-Tenant Industrial Warehouse

1500 S Interstate 35 E, Lancaster, TX 75146

Contact for pricing

114,440 SF

View details

Distribution Center with Extensive Docking

3500 N Dallas Ave, Lancaster, TX 75134

Contact for pricing

245,904 SF

View details

Corner-Lot Duplex

1401 Brook Meadow Circle, Lancaster, TX 75134

$390,000

View details

Duplex with Foundation Repair

1487 Brook Meadow Circle, Lancaster, TX 75134

$390,000

View details

Existing-Building Retail Space

1425 Park Circle Drive, Lancaster, TX 75134

$549,000

0.43 Acres

View details

Remodeled Dental Medical Office

189 Historic Town Square, Lancaster, TX 75146

$499,000

0.04 Acres

View details

Lancaster Office Building For Sale

3136 Danieldale Rd, Lancaster, TX

Contact for pricing

3,900 SF

View details

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