Two-Unit Flex
For Sale
$692,000
8106 Scyene Road, Dallas, TX 75227
Two spacious units with shared bathroom, front parking, and backyard access for additional parking or storage.
Property Size2,600 SF
Days on Market20
Property Features for 8106 Scyene Road
General Information
Standard status
Active
Size
2,600 SF
Property subtype
Business
Additional Details
Outdoor Storage
Yes
Taxes and HOA fees
Annual Taxes
$3,685
Building Details
Building Size
2,600 SF
Year Built
1946
Listing Agency:
Ultima Real Estate
(972) 980-9393
Listed By:
Sylvia Briette · License #0532572
Source:
Nilesrealtygroup
Added: Jul 23
Changed: Aug 8
Last Checked: Aug 11 at 12:36PM
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 Ultima Real Estate
Investment Insights
Based on property information with market context.
This for-sale flex/warehouse building includes two separate, spacious units that share a bathroom. The property features prominent signage, parking in front, and a garage with a large storage closet. Access to the backyard provides room for additional parking and storage, with the space also described as suitable for outdoor events.
The site is positioned near a high-traffic intersection and across the street from a global fast food restaurant chain. It is also described as being minutes from major highways I-30, I-635, and I-175.
The layout supports an owner-occupant scenario in which one unit is used for business while the second unit can be leased, with shared bathroom facilities serving both units.
The site is positioned near a high-traffic intersection and across the street from a global fast food restaurant chain. It is also described as being minutes from major highways I-30, I-635, and I-175.
The layout supports an owner-occupant scenario in which one unit is used for business while the second unit can be leased, with shared bathroom facilities serving both units.
Key Highlights
- 1946‑built commercial building with two separate, spacious units and a shared bathroom
- Front parking available plus a garage with a large storage closet
- Backyard access provides room for additional parking or storage
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
$22,815
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
3.30%
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%
$456,300
$456.3K
Cap Rate 7%
$325,929
$325.9K
Cap Rate 9%
$253,500
$253.5K
Market Conditions
NOI Build-Up for 2,600 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
$39.0K $15.00/SF
− Vacancy
−$3.9K −$1.50/SF
EGI
$35.1K $13.50/SF
− OpEx
−$12.3K −$4.73/SF
NOI
$22.8K $8.78/SF
Area
ZIP 75227
Vacancy
10.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
35.00%
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%
$456,300
Cap Rate 7%
$325,929
Cap Rate 9%
$253,500
Alternative Uses
Best Use
Flex RnD
$325.9K
$285.2K – $380.3K
NOI $22,815 @ 7.0% cap · market cap 3.30%
Second Best
Warehouse
$257.1K
$225.0K – $300.0K
NOI $18,000 @ 7.0% cap · market cap 2.60%
Theoretical Best
Office A
$2.85M
$2.49M – $3.32M
NOI $199,210 @ 7.0% cap · market cap 28.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
233
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75227, TX
59,103
Population
19,605
Households
3
Avg Household Size
32
Median Age
14%
College-Educated
71%
High-School Grad
11.6 sq mi
ZIP Area
5,095
Density / Sq Mi
$59,395
Median Household Income
$37,641
Median Earnings
$1,277
Median Rent
$203,000
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Five Sisters — 7532 Piedmont Dr, Dallas, TX 75227
Frequently Asked Questions
What type of property is this?
Flex space - Two spacious units with shared bathroom, front parking, and backyard access for additional parking or storage.
Where is this flex space located?
The property is located at 8106 Scyene Road Dallas, TX.
What is the asking price?
The asking price for this property is $692,000.
What are key features of this property?
This property features: 1946‑built commercial building with two separate, spacious units and a shared bathroom; Front parking available plus a garage with a large storage closet; Backyard access provides room for additional parking or storage
