Renovated Standalone
For Sale
Contact for pricing
3410 Doug Dr, Dallas, TX 75247
Standalone warehouse renovated in 2024 with updated power, dock door and roofing improvements.
Property Size3,750 SF
Price / SF$186.67
Days on Market200
Property Features for 3410 Doug Dr
General Information
Standard status
Active
Size
3,750 SF
Class
B
Property subtype
Industrial
Investment Type
Value Add
Additional Details
Dock-High Doors
1
Building Details
Year Built
1984
Year Renovated
2024
Buildings
1
Listing Agency:
Pope Corporation
Listed By:
Matthew Otte · License #TX 521113
Source:
Crexi
Added: Feb 26
Changed: Sep 3
Last Checked: Sep 14 at 9:03AM
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 Pope Corporation
Investment Insights
Based on property information with market context.
This standalone warehouse was renovated in 2024 for the previous tenant, with improvements including a new floor sealer, new water heater, installation of a utility sink, an updated restroom, upgraded power, and repairs to the dock door and roofing.
Located in the West Brookhollow submarket of Dallas, the property is available for sale or lease.
The recent scope of work supports a more ready-to-occupy interior and building systems, including updates to key utilities and exterior/dock components.
Located in the West Brookhollow submarket of Dallas, the property is available for sale or lease.
The recent scope of work supports a more ready-to-occupy interior and building systems, including updates to key utilities and exterior/dock components.
Key Highlights
- Standalone warehouse built in 1984 in the West Brookhollow submarket of Dallas
- Renovated in 2024 with new floor sealer
- 2024 upgrades include a new water heater and installation of a utility sink
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
$25,962
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
3.71%
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%
$519,240
$519.2K
Cap Rate 7%
$370,886
$370.9K
Cap Rate 9%
$288,467
$288.5K
Market Conditions
NOI Build-Up for 3,750 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
$33.8K $9.00/SF
− Vacancy
−$3.2K −$0.86/SF
EGI
$30.5K $8.15/SF
− OpEx
−$4.6K −$1.22/SF
NOI
$26.0K $6.92/SF
Area
Dallas, TX
Vacancy
9.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
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%
$519,240
Cap Rate 7%
$370,886
Cap Rate 9%
$288,467
Alternative Uses
Best Use
Warehouse
$370.9K
$324.5K – $432.7K
NOI $25,962 @ 7.0% cap · market cap 3.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.50M
$3.94M – $5.25M
NOI $314,978 @ 7.0% cap · market cap 45.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Dock-high doors
Location Intelligence
Trade Area within ½ mile
563
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75247, TX
830
Population
338
Households
2.5
Avg Household Size
51
Median Age
10%
College-Educated
72%
High-School Grad
6.6 sq mi
ZIP Area
126
Density / Sq Mi
$20,274
Median Household Income
$8,500
Median Earnings
$1,218
Median Rent
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Warehouse - Standalone warehouse renovated in 2024 with updated power, dock door and roofing improvements.
Where is this warehouse located?
The property is located at 3410 Doug Dr Dallas, TX.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Standalone warehouse built in 1984 in the West Brookhollow submarket of Dallas; Renovated in 2024 with new floor sealer; 2024 upgrades include a new water heater and installation of a utility sink
