Building Details

Year Built 1930

Listing Agency: Country 'N' City Realty, LLC Show Phone

Listed By: Heather Cortes · License #0525562 Show Phone

Source: Lonestarluxuryrealty

Added: Jul 22 Changed: Oct 15 Last Checked: Oct 23 at 8:57AM

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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 Country 'N' City Realty, LLC

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Investment Insights

Based on property information with market context.

This for-sale retail storefront space is presented as a blank slate, allowing you to customize the layout to your business needs. The listing includes approximate listed square footage and approximate building square footage, and applicants are responsible for verifying all listing information, including details necessary for their particular type of business.

The unit is located at 5002 E Grand Avenue Unit 5012, Dallas, TX 75223. Showings can be scheduled by request.

Please note that the listing agent, listing office, and owners are not responsible for any inaccuracies in the information provided.

Key Highlights

• Retail storefront unit offered as a blank slate for a tailored buildout
• Year built: 1930

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$49,655

Suggested Prices Based on Cap Rates

Cap Rate 5%

$993,100 $993.1K

Cap Rate 7%

$709,357 $709.4K

Cap Rate 9%

$551,722 $551.7K

What to ask about pricing

Market Conditions

NOI Build-Up for 3,086 SF

Gross rent

$74.4K $24.12/SF

− Vacancy

−$3.5K −$1.13/SF

EGI

$70.9K $22.99/SF

− OpEx

−$21.3K −$6.90/SF

NOI

$49.7K $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%

$993,100

Cap Rate 7%

$709,357

Cap Rate 9%

$551,722

Alternative Uses

Best Use

Retail

$709.4K

$620.7K – $827.6K (±1% cap)

NOI $49,655 @ 7.0% cap · market cap 1,805.64%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$3.70M

$3.24M – $4.32M (±1% cap)

NOI $259,206 @ 7.0% cap · market cap 9,425.67%

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

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Law Firm Real Estate Agency Skin Care Clinic Pharmacy Dental Office Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

791

Businesses Nearby

107k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 61% Shops & Services 35% Electronics 3%

McDonald's Dining

25,352 visits/mo 0.3 miles

Jack in the Box Dining

14,878 visits/mo 0.3 miles

Starbucks Dining

14,592 visits/mo 0.4 miles

Mobil Shops & Services

8,735 visits/mo 0.5 miles

Family Dollar Shops & Services

7,873 visits/mo 0.4 miles

Demographics for 75223, TX

13,898

Population

4,872

Households

2.9

Avg Household Size

35

Median Age

24%

College-Educated

65%

High-School Grad

3.1 sq mi

ZIP Area

4,483

Density / Sq Mi

$66,641

Median Household Income

$35,470

Median Earnings

$1,363

Median Rent

$244,000

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Similar Off Market Nearby

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Frequently Asked Questions

What type of property is this?

Storefront property - For-sale retail storefront unit offered as a blank slate for a tailored buildout.

Where is this storefront property located?

The property is located at 5002 E Grand Avenue #5012 Dallas, TX.

What are key features of this property?

This property features: Retail storefront unit offered as a blank slate for a tailored buildout; Year built: 1930