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    Refrigerated Distribution Warehouse with Docks Title is generated by Realmo AI

    510 S Good Latimer Expressway, Dallas, TX 75226

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    New
    For Sale
    $5,569,000

    Climate-controlled refrigerated rooms and multiple loading docks support produce, food service, and wholesale distribution operations.

    Type:Commercial
    Property size:
    32,000 SF
    Price / SF:
    $174/SF
    Added:
    Jun 1, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 3 at 3:13 am

    Property Features for 510 S Good Latimer Expressway

    General Information

    Standard status
    Active
    Size
    32,000 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1963

    We can help!

    Listing Contact
    Trini Hernandez

    Listing agent Trini Hernandez License #0819493

    Listing office eXp Realty, LLC

    Listing date Jun 1, 2026

    Source Signaturere

    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 eXp Realty, LLC

    HighLights

    • Commercial warehouse built in 1963 in downtown Dallas near Dallas Farmers Market and Deep Ellum
    • On S. Good Latimer Expressway with road frontage on S. Good Latimer Expressway and Taylor Street
    • Multiple refrigerated rooms and dedicated cold storage areas for temperature‑sensitive inventory
    • Large warehouse and distribution space with multiple loading docks for shipping and receiving
    • Multiple grade level and dock high loading areas plus truck access
    • Includes office space and high visibility to N Central Expressway

    Overview

    This commercial warehouse is configured for temperature-sensitive logistics, with multiple refrigerated room and dedicated cold storage areas throughout. It also offers spacious warehouse and distribution space designed for flexible storage and day-to-day handling. Shipping and receiving are supported by multiple loading docks, along with both grade level and dock-high loading areas. In addition, the property includes office space and truck access to support operational administration on-site.

    Positioned on S. Good Latimer Expressway in downtown Dallas, the facility benefits from highly accessible freeway connectivity to major highways. It has road frontage on S. Good Latimer Expressway and Taylor Street, and the building is described as having high visibility to N Central Expressway. The setting is near Dallas Farmers Market and Deep Ellum, supporting use cases tied to food, produce, and urban distribution needs.

    With its combination of refrigerated storage, dock capacity, and practical logistics layout, this property is well suited for produce distribution, food service operations, cold storage, and wholesale supply businesses. The overall configuration supports streamlined receiving and outbound shipments, while the office component can accommodate teams that need to run daily warehouse and distribution functions from the site.
    Location Intelligence

    Current Use by Public Records

    Cal-Tex Produce Agricultural Supply J.D. Rodriguez Produce, ... Food Market Tyler Farmers Market Agricultural Supply

    Suggested Use

    Real Estate Agency Spa & Massage Center Restaurant Hair Salon Dental Office Nail Salon Building Supply Daycare Center Gym & Fitness Center Kitchen & Bath Showroom

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Cedar's Warehouse — Dallas, TX 75226
    • A3 Storage Centers — 1225 Belleview St, Dallas, TX 75215
    • SavenStar Self Storage Units — 1416 Marilla St, Dallas, TX 75201
    • Mad Haven Self Storage Units — 1918 St Louis St, Dallas, TX 75201
    • Cedar's Warehouse Blaine W.Cook — Dallas, TX 75226

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Collin
    State
    Texas
    Longitude
    -96.7850816
    Latitude
    32.7804881

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    FAQs

    What type of property is this?
    Warehouse - Climate-controlled refrigerated rooms and multiple loading docks support produce, food service, and wholesale distribution operations.
    Where is this warehouse located?
    The property is located at 510 S Good Latimer Expressway Dallas, TX.
    What is the asking price?
    The asking price for this property is $5,569,000.
    What are key features of this property?
    This property features: Commercial warehouse built in 1963 in downtown Dallas near Dallas Farmers Market and Deep Ellum; On S. Good Latimer Expressway with road frontage on S. Good Latimer Expressway and Taylor Street; Multiple refrigerated rooms and dedicated cold storage areas for temperature‑sensitive inventory
    (817) 475-0270
    We can help!
    Listing Contact
    Trini Hernandez
    Real Estate License ID: 0819493
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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