Jefferson & Marsalis Retail
For Sale
Contact for pricing
Pending
610 E Jefferson Blvd, Dallas, TX 75203
Retail center available for purchase in Dallas, Texas.
Property Size8,250 SF
Days on Market161
Property Features for 610 E Jefferson Blvd
General Information
Standard status
Pending
Size
8,250 SF
Property subtype
Retail
Zoning
Planned Development
Occupancy
100%
Lease Type
NNN
Net Operating Income
$260,702
Building Details
Year Built
2011
Buildings
1
Tenancy
Multi
Listing Agency:
Venture Commercial
(214) 378-1212
Listed By:
John Zikos · License #TX 375018
Source:
Crexi
Added: Mar 16
Changed: Aug 8
Last Checked: Aug 23 at 10:01AM
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 Venture Commercial
Investment Insights
Based on property information with market context.
The Jefferson & Marsalis Retail Center, located in Dallas, Texas, is available for purchase. The property has a size of 8250 square feet and is suitable for commercial real estate, specifically as a retail property, space, or shopping center.
Key Highlights
- Located in Dallas, Texas
- Retail Center
- Built in 2011
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
$132,746
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
3.14%
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%
$2,654,920
$2.7M
Cap Rate 7%
$1,896,371
$1.9M
Cap Rate 9%
$1,474,956
$1.5M
Market Conditions
NOI Build-Up for 8,250 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
$199.0K $24.12/SF
− Vacancy
−$9.4K −$1.13/SF
EGI
$189.6K $22.99/SF
− OpEx
−$56.9K −$6.90/SF
NOI
$132.7K $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 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%
$2,654,920
Cap Rate 7%
$1,896,371
Cap Rate 9%
$1,474,956
Alternative Uses
Best Use
Retail
$1.90M
$1.66M – $2.21M
NOI $132,746 @ 7.0% cap · market cap 3.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.90M
$8.66M – $11.55M
NOI $692,952 @ 7.0% cap · market cap 16.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,308
Businesses Nearby
107k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 67%
Shops & Services 31%
Electronics 1%
McDonald's
Dining
37,486 visits/mo
0.2 miles
Shell
Shops & Services
16,560 visits/mo
0.5 miles
Jack in the Box
Dining
15,815 visits/mo
0.2 miles
Chevron
Shops & Services
11,468 visits/mo
0.2 miles
Popeyes Louisiana Kitchen
Dining
7,930 visits/mo
0.2 miles
Demographics for 75203, TX
14,710
Population
6,862
Households
2.1
Avg Household Size
33
Median Age
17%
College-Educated
65%
High-School Grad
4.8 sq mi
ZIP Area
3,065
Density / Sq Mi
$46,358
Median Household Income
$32,690
Median Earnings
$1,110
Median Rent
$125,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - Retail center available for purchase in Dallas, Texas.
Where is this shopping center located?
The property is located at 610 E Jefferson Blvd Dallas, TX.
What is the asking price?
The asking price for this property is $4,226,592.
What are key features of this property?
This property features: Located in Dallas, Texas; Retail Center; Built in 2011
