Freestanding Creative Commercial
For Sale
Contact for pricing
428 W 7th Street, Dallas, TX 75208
An unfinished interior gives the landlord flexibility to tailor the build-out to a qualified occupant’s business needs.
Property Size1,393 SF
Price / SF$2.69
Days on Market11
Property Features for 428 W 7th Street
General Information
Standard status
Active
Size
1,393 SF
Property subtype
Business
Site & Location
Neighborhood
Bishop Arts District
Building Details
Year Built
1945
Listing Agency:
Magnorum Realty Services, LLC
Listed By:
James McDonald
(817) 487-7728
Source:
Magnorumrealty
Added: Oct 19
Changed: Oct 28
Last Checked: Oct 28 at 4:05PM
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 Magnorum Realty Services, LLC
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Investment Insights
Based on property information with market context.
This freestanding commercial property contains 1,393 square feet and was built in 1945. Its interior is unfinished, with the landlord able to complete a build-out for a qualified tenant. Recent work includes foundation, electrical, and HVAC upgrades.
The property is at 428 W 7th Street in Dallas, just steps from Bishop Avenue, and has alley access. Potential uses listed include professional or creative office, boutique retail, salon, wellness, showroom, studio, and gallery; tenants are to verify zoning and permitted use.
The property is at 428 W 7th Street in Dallas, just steps from Bishop Avenue, and has alley access. Potential uses listed include professional or creative office, boutique retail, salon, wellness, showroom, studio, and gallery; tenants are to verify zoning and permitted use.
Key Highlights
- 1,393‑square‑foot freestanding commercial property
- Unfinished interior; landlord can tailor the build‑out for a qualified tenant
- Recent foundation, electrical, and HVAC upgrades
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,414
Suggested Prices Based on Cap Rates
Cap Rate 5%
$448,280
$448.3K
Cap Rate 7%
$320,200
$320.2K
Cap Rate 9%
$249,044
$249.0K
Market Conditions
NOI Build-Up for 1,393 SF
Gross rent
$33.6K $24.12/SF
− Vacancy
−$1.6K −$1.13/SF
EGI
$32.0K $22.99/SF
− OpEx
−$9.6K −$6.90/SF
NOI
$22.4K $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%
$448,280
Cap Rate 7%
$320,200
Cap Rate 9%
$249,044
Alternative Uses
Best Use
Office B
$1.14M
$1.00M – $1.33M
NOI $80,085 @ 7.0% cap · market cap 2,135.60%
Second Best
Retail
$320.2K
$280.2K – $373.6K
NOI $22,414 @ 7.0% cap · market cap 597.71%
Theoretical Best
Office A
$1.67M
$1.46M – $1.95M
NOI $117,004 @ 7.0% cap · market cap 3,120.11%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,508
Businesses Nearby
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Business Placement
Demographics for 75208, TX
29,446
Population
13,655
Households
2.2
Avg Household Size
36
Median Age
41%
College-Educated
76%
High-School Grad
6.1 sq mi
ZIP Area
4,827
Density / Sq Mi
$76,502
Median Household Income
$48,460
Median Earnings
$1,589
Median Rent
$415,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Dallas, TX
Frequently Asked Questions
What type of property is this?
Creative space - An unfinished interior gives the landlord flexibility to tailor the build-out to a qualified occupant’s business needs.
Where is this creative space located?
The property is located at 428 W 7th Street Dallas, TX.
What are key features of this property?
This property features: 1,393‑square‑foot freestanding commercial property; Unfinished interior; landlord can tailor the build‑out for a qualified tenant; Recent foundation, electrical, and HVAC upgrades
