Updated Live-Work
For Sale
$399,999
528 S Coppell Road, Coppell, TX 75019
CommercialSale, Coppell, TX
Property Size1,000 SF
Lot Size0.23 Acres
Price / SF$399
Days on Market17
Property Features for 528 S Coppell Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
commercial or residential
Parking features
Garage
Subdivision
JW Anderson
Directions
USE GPS
Standard status
Active
APN
65001815020670000
Size
1,000 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Description
J W ANDERSON ABST 18 PG 150 TR 67 55X180
Tax Annual Amount
4582
Legal Description
J W ANDERSON ABST 18 PG 150 TR 67 55X180
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric, Ceiling Fan(s)
Water source
Public
Building Details
Year built
1949
Floors in Building
1
Number of units
1
Flooring type
Tile, Wood
Building materials
WoodSiding
Roof type
Composition
Listing Agency:
The Michael Group Real Estate
(817) 577-9000
Listed By:
Michael Hedtke · License #0485472
(214) 692-6400
Added: Aug 6
Changed: Aug 20
Last Checked: Aug 22 at 10:06AM
MLS# 21338994
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This live-work property combines residential and commercial functionality within a 1,000-square-foot building. The interior includes ceramic, granite, tile, and wood finishes, along with an office area incorporated into the primary bedroom. Central heating and cooling, electric service, ceiling fans, a composition roof, and wood siding are also in place.
The property occupies 0.227 acres in Coppell’s Historic District and was built in 1949. A privacy fence encloses the site, while additional front parking accommodates guests or clients. The property is served by public water and public sewer and includes a garage.
The property occupies 0.227 acres in Coppell’s Historic District and was built in 1949. A privacy fence encloses the site, while additional front parking accommodates guests or clients. The property is served by public water and public sewer and includes a garage.
Key Highlights
- 1,000‑square‑foot live‑work property on a 0.227‑acre lot
- Located in Coppell’s Historic District
- Office area incorporated into the primary bedroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,620
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.91%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$312,400
$312.4K
Cap Rate 7%
$223,143
$223.1K
Cap Rate 9%
$173,556
$173.6K
Market Conditions
NOI Build-Up for 1,000 SF
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.
Gross rent
$32.0K $32.04/SF
− Vacancy
−$7.0K −$7.05/SF
EGI
$25.0K $24.99/SF
− OpEx
−$9.4K −$9.37/SF
NOI
$15.6K $15.62/SF
Area
Dallas County, TX
Vacancy
22.00%
Lease Rate
$32.04 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$312,400
Cap Rate 7%
$223,143
Cap Rate 9%
$173,556
Alternative Uses
Best Use
Mixed Use
$223.1K
$195.3K – $260.3K
NOI $15,620 @ 7.0% cap · market cap 3.91%
Second Best
Office B
$202.5K
$177.2K – $236.3K
NOI $14,175 @ 7.0% cap · market cap 3.54%
Theoretical Best
Multifamily LT 5
$11.99M
$10.49M – $13.98M
NOI $839,065 @ 7.0% cap · market cap 209.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
481
Businesses Nearby
Explore this area
Business Placement
Demographics for 75019, TX
44,897
Population
17,455
Households
2.6
Avg Household Size
39
Median Age
68%
College-Educated
97%
High-School Grad
17.2 sq mi
ZIP Area
2,610
Density / Sq Mi
$134,174
Median Household Income
$81,541
Median Earnings
$1,817
Median Rent
$525,700
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Live-work space - Updated interior includes ceramic, granite, and hardwood finishes plus an office area.
Where is this live-work space located?
The property is located at 528 S Coppell Road Coppell, TX.
What is the asking price?
The asking price for this property is $399,999.
What are key features of this property?
This property features: 1,000‑square‑foot live‑work property on a 0.227‑acre lot; Located in Coppell’s Historic District; Office area incorporated into the primary bedroom
