Industrial Flex
4840 Memphis Street Dallas, TX 75207
New
4840 Memphis Street, Dallas, TX, 75207
$1,169,000
For Sale
$1,169,000
Upgraded industrial flex property with new bay door, renovated HVAC and plumbing, and 3-phase power.
Property Size2,400 SF
Price / SF$487.08
Days on Market2
Property Features for 4840 Memphis Street
General Information
- Standard status
- Active
- Size
- 2,400 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1969
Listing agency
Compass RE Texas, LLC.
(214) 505-4289
Listed by
Angela Downes · License #0409878
(214) 505-4289
Source
Fullhouserealtytx
Added: Jul 21 Updated: Jul 22 at 2:07AM Checked: Jul 22 at 2:07AM
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 Compass RE Texas, LLC.
Investment Insights
Based on property information with market context.
4840 Memphis Street is an industrial flex building offering a versatile interior for creative office, showroom, studio, or boutique commercial use. Recent improvements include new plumbing and HVAC, updated 3-phase power, fresh paint throughout, and a new bay door. The property also includes a turfed rear area for flexible outdoor space, along with a gated driveway for added privacy and security.
The building is located in Dallas’ medical district (75235), bordering the Design District, and provides direct access to Inwood Road, I-35E, Love Field, Oak Lawn, and Downtown Dallas.
The property is currently leased, generating income while allowing for long-term repositioning opportunities.
The building is located in Dallas’ medical district (75235), bordering the Design District, and provides direct access to Inwood Road, I-35E, Love Field, Oak Lawn, and Downtown Dallas.
The property is currently leased, generating income while allowing for long-term repositioning opportunities.
Key Highlights
- 1969‑built industrial flex property with upgraded infrastructure for office, showroom, studio, or boutique commercial use
- Recent upgrades include new plumbing and HVAC, fresh paint throughout, and a new bay door
- Updated 3‑phase power to support industrial and light commercial operations
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $57.9k | $24.12 |
| − Vacancy | −$2.7k | −$1.13 |
| EGI | $55.2k | $22.99 |
| − OpEx | −$16.6k | −$6.90 |
| NOI | $38.6k | $16.09 |
2,400 SF · lease $24.12/SF/yr · vacancy 4.70% · expense 30.00%
Alternative Uses
Best Use
Office B
$1.97M
$1.72M – $2.30M
NOI $137,979 @ 7.0% cap · market cap 11.80%
Second Best
Retail
$551.7K
$482.7K – $643.6K
NOI $38,617 @ 7.0% cap · market cap 3.30%
Theoretical Best
Office A
$2.88M
$2.52M – $3.36M
NOI $201,586 @ 7.0% cap · market cap 17.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Granite Interiors
Building Supply
Similar For Sale Nearby
Similar Off Market Nearby
- Freshnez — 4936 Reading St, Dallas, TX 75247
- Sonny Bryan’s Smokehouse — 2202 Inwood Rd, Dallas, TX 75235
FAQs
What type of property is this?
Flex space - Upgraded industrial flex property with new bay door, renovated HVAC and plumbing, and 3-phase power.
Where is this flex space located?
The property is located at 4840 Memphis Street Dallas, TX.
What is the asking price?
The asking price for this property is $1,169,000.
What are key features of this property?
This property features: 1969‑built industrial flex property with upgraded infrastructure for office, showroom, studio, or boutique commercial use; Recent upgrades include new plumbing and HVAC, fresh paint throughout, and a new bay door; Updated 3‑phase power to support industrial and light commercial operations
