Retail Space with Office
For Sale
$480,000
708 Cedar St, Cedar Hill, TX 75104
Currently leased space may also accommodate an owner-occupant.
Property Size2,432 SF
Price / SF$197.37
Days on Market229
Property Features for 708 Cedar St
General Information
Standard status
Active
Size
2,432 SF
Property subtype
Commercial
Building Details
Year Built
1967
Building Size
2,432 SF
Listing Agency:
Tero Real Estate
Listed By:
Chris Cauda · License #0732537
(972) 777-4141
Source:
Granburyhomefinder
Added: Feb 28
Changed: Oct 1
Last Checked: Oct 14 at 11:44PM
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
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Investment Insights
Based on property information with market context.
This retail-oriented building includes office areas within approximately 2432 square feet of commercial space. Constructed in 1967, the property is configured for ongoing retail-office use and currently has active leases. The layout may also support an owner-occupant seeking a combined business and occupancy arrangement.
The property is located at 708 Cedar St in Cedar Hill, within the city’s historic downtown square. Its central downtown setting places the building in an established commercial context while retaining flexibility for retail and office operations.
The property is located at 708 Cedar St in Cedar Hill, within the city’s historic downtown square. Its central downtown setting places the building in an established commercial context while retaining flexibility for retail and office operations.
Key Highlights
- Approximately 2432 SF of retail‑office space
- Active leases in place
- Potential for owner‑occupant use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,367
Cap Rate
8.41%
Suggested Prices Based on Cap Rates
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
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 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 8.41%
Second Best
Office B
$492.5K
$430.9K – $574.6K
NOI $34,474 @ 7.0% cap · market cap 7.18%
Theoretical Best
Multifamily LT 5
$29.15M
$25.51M – $34.01M
NOI $2,040,607 @ 7.0% cap · market cap 425.13%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
545
Businesses Nearby
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Retail space - Currently leased space may also accommodate an owner-occupant.
Where is this retail space located?
The property is located at 708 Cedar St Cedar Hill, TX.
What is the asking price?
The asking price for this property is $480,000.
What are key features of this property?
This property features: Approximately 2432 SF of retail‑office space; Active leases in place; Potential for owner‑occupant use
