Commercial Kitchen Facility with Office
For Sale
Contact for pricing
7205 Envoy Ct, Dallas, TX 75247
Renovated facility combines commercial kitchen production, office space, and dock access.
Property Size9,947 SF
Price / SF$351.36
Days on Market62
Property Features for 7205 Envoy Ct
General Information
Standard status
Active
Size
9,947 SF
Property subtype
Special Purpose, Office
Zoning
Industrial Research District (IR)
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Warehouse & Industrial
Dock-High Doors
2
Heavy Power
Yes
Cold Storage
Yes
Building Details
Year Built
1965
Tenancy
Single
Listing Agency:
J. Elmer Turner
Listed By:
Logan Turner · License #681322
(214) 954-1221
Source:
Crexi
Added: Jul 28
Changed: Sep 16
Last Checked: Sep 26 at 7:03AM
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 J. Elmer Turner
Investment Insights
Based on property information with market context.
This 9,947-square-foot commercial kitchen facility includes a production area, cooler and freezer capacity, office space, heavy power, and 100% HVAC. The 1965 building has undergone recent renovation and is configured for catering operations. A rear parking area is enclosed by an iron fence and accessed through a gate, while two dock-high doors are served by a concrete ramp.
The property is zoned Industrial Research District (IR) and offers access to I-35 and SH 183. It is currently leased to a tenant operating from multiple locations. Lease terms may be modified to accommodate an owner-occupant using nearly 50% of the building, providing an established operating framework alongside dedicated user space.
The property is zoned Industrial Research District (IR) and offers access to I-35 and SH 183. It is currently leased to a tenant operating from multiple locations. Lease terms may be modified to accommodate an owner-occupant using nearly 50% of the building, providing an established operating framework alongside dedicated user space.
Key Highlights
- 9,947 SF commercial kitchen and catering facility
- Commercial production kitchen with cooler and freezer space
- 100% HVAC and heavy power
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
$171,304
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
4.90%
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%
$3,426,080
$3.4M
Cap Rate 7%
$2,447,200
$2.4M
Cap Rate 9%
$1,903,378
$1.9M
Market Conditions
NOI Build-Up for 9,947 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
$239.9K $24.12/SF
− Vacancy
−$11.5K −$1.16/SF
EGI
$228.4K $22.96/SF
− OpEx
−$57.1K −$5.74/SF
NOI
$171.3K $17.22/SF
Area
Dallas, TX
Vacancy
4.80%
Lease Rate
$24.12 /SF/Yr
Expense Ratio
25.00%
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%
$3,426,080
Cap Rate 7%
$2,447,200
Cap Rate 9%
$1,903,378
Alternative Uses
Best Use
Specialty Retail
$2.45M
$2.14M – $2.86M
NOI $171,304 @ 7.0% cap · market cap 4.90%
Second Best
Industrial
$810.2K
$708.9K – $945.2K
NOI $56,713 @ 7.0% cap · market cap 1.62%
Theoretical Best
Office A
$11.94M
$10.44M – $13.92M
NOI $835,491 @ 7.0% cap · market cap 23.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Dock-high doors
Yes
Heavy power
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,798
Businesses Nearby
156k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 62%
Dining 32%
Hotels & Casinos 6%
QuikTrip
Shops & Services
57,926 visits/mo
0.3 miles
RaceTrac
Shops & Services
21,493 visits/mo
0.2 miles
McDonald's
Dining
16,145 visits/mo
0.2 miles
Jack in the Box
Dining
15,571 visits/mo
0.3 miles
Starbucks
Dining
13,877 visits/mo
0.3 miles
Demographics for 75247, TX
830
Population
338
Households
2.5
Avg Household Size
51
Median Age
10%
College-Educated
72%
High-School Grad
6.6 sq mi
ZIP Area
126
Density / Sq Mi
$20,274
Median Household Income
$8,500
Median Earnings
$1,218
Median Rent
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Commercial kitchen - Renovated facility combines commercial kitchen production, office space, and dock access.
Where is this commercial kitchen located?
The property is located at 7205 Envoy Ct Dallas, TX.
What is the asking price?
The asking price for this property is $3,495,000.
What are key features of this property?
This property features: 9,947 SF commercial kitchen and catering facility; Commercial production kitchen with cooler and freezer space; 100% HVAC and heavy power
