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    9888 Ferguson Rd Dallas, TX 75228

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    For Sale
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    10-Tenant Retail Center, High NOI

    Property size:
    37,281 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 37,281-square-foot shopping center in Dallas, Texas presents a compelling value-add opportunity. Located at 9888 Ferguson Rd, in the highly desirable Dallas County, this Class B, single-story property boasts a strong tenant mix of local and national businesses, many with over five years of occupancy. Currently operating at 94.42% occupancy, the center generates a substantial net operating income (NOI) of $434,485. The property features a diverse tenancy of 10 units, including a recently signed long-term lease with a national tenant, WellMed. Built in 1960 and renovated in 2021, including a new roof, the center benefits from a prime urban infill location, with a significant population (257,154 residents within a 5-mile radius) and high average household income ($95,400). The property's strategic location offers less than a 10-minute commute to Downtown Dallas. This net lease (NNN) investment presents significant upside potential through lease-up of existing vacancies, conversion of month-to-month leases, and rent increases to market rates. Furthermore, a potential pad site offers additional future development opportunities. The property is priced at $145 per square foot. This is a rare opportunity to acquire a well-positioned, income-producing asset with substantial growth potential in a thriving Texas market.

    Property Features for 9888 Ferguson Rd

    General Information

    Property type
    Lifestyle centers
    Square Feet
    37,281 SF
    Class
    B

    Building Details

    Year Built/Renovated
    1960/2021
    Stories
    1
    Units
    10

    HighLights

    • Significant Value‑Add Potential: Increase NOI through lease‑up of vacant space and renegotiation of expiring leases.
    • Prime Urban Infill Location: Strong demographics within a 5‑mile radius (257,154 residents, $95,400 avg. household income), less than 10 minutes from Downtown Dallas.
    • Development Upside: Includes a pad site with potential for future development.
    • New Roof: Roof recently replaced in 2021.
    • $145 PSF Price Point.
    • Strong Anchor Tenant: Recently signed long‑term lease with national tenant, WellMed.
    Property Profile Location Intelligence

    Current Use by Public Records

    Strike it Rich ... Bingo Hall Coin Cloud Bitcoin ... Currency Exchange Service Ferguson Village Shopping Mall IGLESIA EVANGELICA FILADELFIA ... Church Restaurante Pollo Familiar Restaurant

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.6768996
    Latitude
    32.82243294

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    FAQs

    What type of property is this?
    Lifestyle center - 10-Tenant Retail Center, High NOI
    Where is this lifestyle center located?
    The property is located at 9888 Ferguson Rd Dallas, TX.
    What are key features of this property?
    This property features: Significant Value-Add Potential: Increase NOI through lease-up of vacant space and renegotiation of expiring leases.; Prime Urban Infill Location: Strong demographics within a 5-mile radius (257,154 residents, $95,400 avg. household income), less than 10 minutes from Downtown Dallas.; Development Upside: Includes a pad site with potential for future development.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    9888 Ferguson Rd Dallas, TX 75228
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