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    1262 Viceroy Dr Dallas, TX 75247

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    For Lease
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    Spacious industrial warehouse, ideal for various uses.

    Lot size:
    42,434 SF

    Property Features for 1262 Viceroy Dr

    General Information

    Property type
    Distribution centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    42,434 SF

    Building Details

    Year Built
    1970
    Buildings
    1
    Stories
    1

    Spaces For Lease

    at 1262 Viceroy Dr, Dallas, TX 75247 Contact us

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    Listing Contact
    Hanes Chatham
    Hanes Chatham

    Listing Agency: Partners Listing Agent: Hanes Chatham

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 42,434-square-foot industrial warehouse is situated on a 2.01-acre lot in Dallas, Texas, within the desirable West Brookhollow submarket (South Stemmons cluster). Built in 1970, this single-story building offers a functional and efficient layout, perfect for a variety of industrial or storage needs. The high ceilings, measuring 16.5 feet, provide ample vertical space for racking and storage solutions. Access is facilitated by two dock-high doors and one drive-in door, ensuring smooth and efficient loading and unloading operations. The property boasts ample parking, with capacity for 40+ vehicles. The electrical service is robust, featuring 1275 amps, 120/240v, and 3-phase power, catering to the demands of energy-intensive operations. Located in Dallas County, with a 75247 zip code, this property offers convenient access to major transportation arteries and a thriving business community. The single-tenant occupancy provides a streamlined operational environment. This warehouse presents a significant opportunity for businesses seeking a well-maintained and strategically located industrial space. The property's size, features, and location combine to create a compelling investment prospect. The address is 1262 Viceroy Dr, Dallas, TX.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    TMG Graphics Marketing & Advertising

    Suggested Use

    Restaurant Real Estate Agency Dental Office Spa & Massage Center Hair Salon Auto Repair Shop Nail Salon Gym & Fitness Center Auto Parts Store Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.8787478
    Latitude
    32.828947

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    FAQs

    What type of property is this?
    Distribution center - Spacious industrial warehouse, ideal for various uses.
    Where is this distribution center located?
    The property is located at 1262 Viceroy Dr Dallas, TX.
    What are key features of this property?
    This property features: 42,434 SF industrial warehouse on a 2.01-acre lot in Dallas, TX's West Brookhollow submarket.; 16.5' clear height.; 100% HVAC and sprinklered.
    (214) 289-4002 Call to check price and availability
    Request Owner's contact information
    1262 Viceroy Dr Dallas, TX 75247
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    Dallas, TX 75247
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    1262 Viceroy Dr Dallas, TX 75247
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    Contact for Pricing
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    and status of this listing Hanes Chatham
    Hanes Chatham
    Real Estate License ID: TX537536
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