5215 Singing Hills Dr, Dallas, TX
2,400 SF restaurant, renovated in 2021, leased until 2029.
- Added:
- Sep 5, 2024
- Days on Market:
- 649
- Last Refresh:
- May 20 at 8:27 pm
Property Features for 5215 Singing Hills Dr
General Information
- Standard status
- Active
- Size
- 2,400 SF
- Lot size
- 0.23 Acres
- Property subtype
- RETAIL
Listing agent Payne Pittman (817) 588-3500
Listing office PMW Realty Partners (817) 588-3500
Listing date Sep 5, 2024
Source Moodyscre
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 PMW Realty Partners
HighLights
- Leased until March 2029, providing stable income.
- NOI: $58,730, indicating strong profitability.
- Fully renovated in 2021, minimizing near‑term capital expenditures.
- Freestanding 2,400 SF building on .24 acres, offering operational flexibility.
- Experienced operator in business since 1980, suggesting a reliable tenant.
- Pylon signage, enhancing visibility and brand recognition.
Overview
Local Financial Insights For Specialty 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 | −$2.8k | −$1.16 |
| EGI | $55.1k | $22.96 |
| − OpEx | −$13.8k | −$5.74 |
| NOI | $41.3k | $17.22 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Billy Wayne's Catering — 6112 Concerto Ln, Dallas, TX 75241
Location Insight
- Map
- Local Demand
- City
- Dallas
- County
- Collin
- State
- Texas
- Longitude
- -96.803
- Latitude
- 32.682