New Professional Office
529 Austin Street Grand Prairie, TX 75051
529 Austin Street, Grand Prairie, TX, 75051
$359,999
For Sale
$359,999
Constructed in 2023, the office building includes reception/collaboration space, four private offices, and a full kitchen.
Property Size2,250 SF
Price / SF$159
Days on Market91
Property Features for 529 Austin Street
General Information
- Standard status
- Active
- Size
- 2,250 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2023
Listing agency
M&D CRE, LLC
(469) 757-6132
Listed by
Shane Hendrix · License #0776260
Source
Signaturere
Added: Apr 22 Updated: Jul 20 at 8:45PM Checked: Jul 20 at 8:45PM
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 M&D CRE, LLC
Investment Insights
Based on property information with market context.
Constructed in 2023, this well-maintained professional office building offers an open, versatile reception or collaborative work area, a full kitchen, four private offices, and one ADA-compliant restroom. The layout is designed to support both client-facing entry space and dedicated private work areas.
The property is positioned just off State Highway 180 and Belt Line Road, providing convenient access to major regional thoroughfares within a four-mile radius, including Interstate 30, President George Bush Turnpike, State Highway 360, and State Highway 303.
Dedicated parking includes four spaces, with additional side parking available, including motor home storage with full hookups.
The property is positioned just off State Highway 180 and Belt Line Road, providing convenient access to major regional thoroughfares within a four-mile radius, including Interstate 30, President George Bush Turnpike, State Highway 360, and State Highway 303.
Dedicated parking includes four spaces, with additional side parking available, including motor home storage with full hookups.
Key Highlights
- 2,250 SF professional office building built in 2023 in Grand Prairie, TX
- Open reception/collaborative work area plus four private offices
- Full kitchen and one ADA‑compliant restroom
Local Financial Insights For Office B
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 | $48.6k | $21.60 |
| − Vacancy | −$10.7k | −$4.75 |
| EGI | $37.9k | $16.85 |
| − OpEx | −$9.5k | −$4.21 |
| NOI | $28.4k | $12.64 |
2,250 SF · lease $21.60/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$406.2K
$355.4K – $473.9K
NOI $28,431 @ 7.0% cap · market cap 7.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$632.6K
$553.5K – $738.0K
NOI $44,280 @ 7.0% cap · market cap 12.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Office building - Constructed in 2023, the office building includes reception/collaboration space, four private offices, and a full kitchen.
Where is this office building located?
The property is located at 529 Austin Street Grand Prairie, TX.
What is the asking price?
The asking price for this property is $359,999.
What are key features of this property?
This property features: 2,250 SF professional office building built in 2023 in Grand Prairie, TX; Open reception/collaborative work area plus four private offices; Full kitchen and one ADA‑compliant restroom
