Retail-Office Building in Downtown
For Sale
$580,000
708 Cedar Street, Cedar Hill, TX 75104
Retail-office building with active leases and space that could be arranged for an owner-occupant downtown.
Property Size2,432 SF
Price / SF$238.49
Days on Market53
Property Features for 708 Cedar Street
General Information
Standard status
Active
Size
2,432 SF
Property subtype
Commercial
Zoning
Commercial, office, retail
Building Details
Building Size
2,432 SF
Year Built
1967
Stories
1
Units
4
Listing Agency:
Tero Real Estate
(732) 713-1762
Listed By:
Chris Cauda · License #0732537
(732) 713-1762
Source:
Cuddrealtyinc
Added: Jul 1
Changed: Aug 14
Last Checked: Aug 22 at 12:41PM
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 Tero Real Estate
Investment Insights
Based on property information with market context.
708-712 Cedar St is a retail-office building positioned in the historic downtown square of Cedar Hill. The property contains approximately 2,432 square feet and is currently under active leases. Its layout supports a combination of retail and office use, and there is also room to reconfigure the space to accommodate an owner-occupant.
The building’s setting is within the downtown square area, placing it in a central, walkable commercial context tied to the historic core of Cedar Hill. This location is particularly relevant for businesses that benefit from proximity to local retail activity and downtown foot traffic.
For buyers, the existing leased status can provide near-term occupancy coverage, while the building’s configuration also offers flexibility for an owner-operator who wants to occupy part of the property. The mixed retail-office nature can fit a range of tenant types seeking downtown presence, with the potential to tailor space based on how the owner chooses to utilize the remaining areas.
The building’s setting is within the downtown square area, placing it in a central, walkable commercial context tied to the historic core of Cedar Hill. This location is particularly relevant for businesses that benefit from proximity to local retail activity and downtown foot traffic.
For buyers, the existing leased status can provide near-term occupancy coverage, while the building’s configuration also offers flexibility for an owner-operator who wants to occupy part of the property. The mixed retail-office nature can fit a range of tenant types seeking downtown presence, with the potential to tailor space based on how the owner chooses to utilize the remaining areas.
Key Highlights
- Retail‑office building built in 1967
- Approximately 2,432 SF retail‑office building
- Has active leases in place
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
$40,367
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
6.96%
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%
$807,340
$807.3K
Cap Rate 7%
$576,671
$576.7K
Cap Rate 9%
$448,522
$448.5K
Market Conditions
NOI Build-Up for 2,432 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
$60.7K $24.96/SF
− Vacancy
−$3.0K −$1.25/SF
EGI
$57.7K $23.71/SF
− OpEx
−$17.3K −$7.11/SF
NOI
$40.4K $16.60/SF
Area
Dallas County, TX
Vacancy
5.00%
Lease Rate
$24.96 /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%
$807,340
Cap Rate 7%
$576,671
Cap Rate 9%
$448,522
Alternative Uses
Best Use
Retail
$576.7K
$504.6K – $672.8K
NOI $40,367 @ 7.0% cap · market cap 6.96%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$29.15M
$25.51M – $34.01M
NOI $2,040,607 @ 7.0% cap · market cap 351.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
545
Businesses Nearby
9k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Texaco
Shops & Services
9,408 visits/mo
0.4 miles
Demographics for 75104, TX
49,749
Population
17,365
Households
2.9
Avg Household Size
37
Median Age
31%
College-Educated
91%
High-School Grad
36.9 sq mi
ZIP Area
1,348
Density / Sq Mi
$91,147
Median Household Income
$46,579
Median Earnings
$1,886
Median Rent
$274,900
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?
Strip mall - Retail-office building with active leases and space that could be arranged for an owner-occupant downtown.
Where is this strip mall located?
The property is located at 708 Cedar Street Cedar Hill, TX.
What is the asking price?
The asking price for this property is $580,000.
What are key features of this property?
This property features: Retail‑office building built in 1967; Approximately 2,432 SF retail‑office building; Has active leases in place
