Office Unit with Existing
For Sale
$625,000
801-2840 Keller Springs Rd, Carrollton, TX 75006
Functional professional suite with private offices, conference space, reception, open work areas, and a kitchenette.
Property Size2,300 SF
Price / SF$271.74
Days on Market84
Property Features for 801-2840 Keller Springs Rd
General Information
Standard status
Active
Size
2,300 SF
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$6,319
Listing Agency:
OnDemand Realty
(214) 772-4279
Listed By:
Johanna Rodriguez · License #0742982
(214) 772-4279
Source:
Exprealty
Added: Jun 9
Changed: Aug 30
Last Checked: Aug 30 at 8:39PM
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 OnDemand Realty
Investment Insights
Based on property information with market context.
This approximately 2, 300 SF office unit is configured for an established business operation and currently serves as a home health services office. The interior includes a conference room, three private offices, a reception area, open workstations, and a kitchenette, creating a practical mix of collaborative and dedicated work areas.
The suite is located within Keller Springs Office Park in Carrollton, a professional business setting with ample parking. Access to the Dallas North Tollway, George Bush Turnpike, and I-35E connects the property with business districts throughout the Dallas-Fort Worth metroplex. An established tenant is in place under a renewed two-year lease term beginning July 1st.
The suite is located within Keller Springs Office Park in Carrollton, a professional business setting with ample parking. Access to the Dallas North Tollway, George Bush Turnpike, and I-35E connects the property with business districts throughout the Dallas-Fort Worth metroplex. An established tenant is in place under a renewed two-year lease term beginning July 1st.
Key Highlights
- Approximately 2, 300 SF office unit
- Established tenant in place with a renewed two‑year lease beginning July 1st
- Three private offices plus conference room, reception, open work areas, and kitchenette
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
$28,490
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
4.56%
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%
$569,800
$569.8K
Cap Rate 7%
$407,000
$407.0K
Cap Rate 9%
$316,556
$316.6K
Market Conditions
NOI Build-Up for 2,300 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
$50.8K $22.08/SF
− Vacancy
−$12.8K −$5.56/SF
EGI
$38.0K $16.52/SF
− OpEx
−$9.5K −$4.13/SF
NOI
$28.5K $12.39/SF
Area
Carrollton, TX
Vacancy
25.20%
Lease Rate
$22.08 /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%
$569,800
Cap Rate 7%
$407,000
Cap Rate 9%
$316,556
Alternative Uses
Best Use
Office B
$407.0K
$356.1K – $474.8K
NOI $28,490 @ 7.0% cap · market cap 4.56%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$565.9K
$495.1K – $660.2K
NOI $39,610 @ 7.0% cap · market cap 6.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
640
Businesses Nearby
Explore this area
Business Placement
Demographics for 75006, TX
47,811
Population
19,549
Households
2.4
Avg Household Size
37
Median Age
33%
College-Educated
83%
High-School Grad
17.1 sq mi
ZIP Area
2,796
Density / Sq Mi
$79,466
Median Household Income
$43,403
Median Earnings
$1,528
Median Rent
$296,500
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Functional professional suite with private offices, conference space, reception, open work areas, and a kitchenette.
Where is this office units located?
The property is located at 801-2840 Keller Springs Rd Carrollton, TX.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Approximately 2, 300 SF office unit; Established tenant in place with a renewed two‑year lease beginning July 1st; Three private offices plus conference room, reception, open work areas, and kitchenette
