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    4211 Gaston Ave Dallas, TX 75246

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    For Lease
    Contact for pricing

    Prime Dallas location, 5,300 sqft building, 10,500 sqft pad site.

    Lot size:
    5,300 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    421
    This exceptional Dallas County investment opportunity presents a unique blend of existing income potential and significant future development upside. The property, located at 4211 Gaston Ave in the 75246 zip code, encompasses a 0.536-acre lot (23,356 square feet) and features a two-story, 5,300 square foot building constructed in 2005. Currently configured as four individual units, each with approximately 1,300 square feet of ground floor space and 450 square feet of second-floor space, the building is zoned for Planned Development. The existing units, each with two bedrooms and two bathrooms, could be easily converted into four approximately 1,750 square foot retail or office spaces with a relatively low conversion cost. A substantial 10,500 square foot pad site is also available at the front of the property, offering ample space for additional development, ground lease, or sale. The property benefits from its convenient location near Central Expressway (Hwy 75), providing easy access to Downtown Dallas, Uptown, and Knox/Henderson. This presents a rare chance to acquire a versatile property in a rapidly developing area with strong potential for immediate and long-term returns. The building's existing infrastructure, including drives and parking, further enhances its appeal.

    Property Features for 4211 Gaston Ave

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,300 SF

    Building Details

    Year Built
    2005
    Buildings
    1
    Stories
    2

    Spaces For Lease

    at 4211 Gaston Ave, Dallas, TX 75246 Contact us

    We can help!

    Listing Contact
    Ty Underwood
    Ty Underwood

    Learn more

    Property Insight Report

    HighLights

    • Excellent location on Gaston Ave in East Dallas, a major traffic artery with easy access to US Hwy 75, I‑45, I‑30, and SH 78. Surrounding area shows rapid redevelopment with over 4,600 new multifamily units.
    • 0.536‑acre lot (23,356 sq ft) including a ±10,500 sq ft pad site with high visibility and access. PD zoning allows for diverse uses including retail, restaurant, hotel, office, bank, and multifamily.
    • Existing 5,300 sq ft building (2005 construction) currently configured as four 2 bed/2 bath units, easily convertible to retail or office space.
    • High traffic counts: ~22,050 vehicles/day on Gaston Ave and ~9,201 vehicles/day on N Peak St.
    • Strong demographics: 25.3% population growth within a 1‑mile radius (2010‑2021); average household income within a 3‑mile radius is $110,235.
    • Minutes from Downtown Dallas, Baylor University Medical Center, Deep Ellum, Uptown, and East Dallas neighborhoods.
    Property Profile Location Intelligence

    Current Use by Public Records

    SLJ Company Real Estate Agency

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.7694752
    Latitude
    32.7962048

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    FAQs

    What type of property is this?
    Office space - Prime Dallas location, 5,300 sqft building, 10,500 sqft pad site.
    Where is this office space located?
    The property is located at 4211 Gaston Ave Dallas, TX.
    What are key features of this property?
    This property features: Excellent location on Gaston Ave in East Dallas, a major traffic artery with easy access to US Hwy 75, I-45, I-30, and SH 78. Surrounding area shows rapid redevelopment with over 4,600 new multifamily units.; 0.536-acre lot (23,356 sq ft) including a ±10,500 sq ft pad site with high visibility and access. PD zoning allows for diverse uses including retail, restaurant, hotel, office, bank, and multifamily.; Existing 5,300 sq ft building (2005 construction) currently configured as four 2 bed/2 bath units, easily convertible to retail or office space.
    (214) 520-8818
    Request Owner's contact information
    4211 Gaston Ave Dallas, TX 75246
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    Dallas, TX 75246
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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
    4211 Gaston Ave Dallas, TX 75246
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    We can help!
    Listing Contact
    Ty Underwood
    Ty Underwood
    Real Estate License ID: 419172
    (214) 520-8818
    Learn more
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