Lake Dallas Live/Work
108 Adolphus Ave Lake Dallas, TX 75065
For Sale
Contact for pricing
Unique live/work space in Lake Dallas, Denton County.
Property Size3,000 SF
Price / SF$331.67
Days on Market695
Property Features for 108 Adolphus Ave
General Information
- Standard status
- Active
- Size
- 3,000 SF
- Property subtype
- Industrial, Office
Building Details
- Year Built
- 2010
Listing Agency:
Granberry Properties
Listed By:
J. Craig Godfrey · License #479497
Source:
Crexi
Added: Aug 30, 2024
Changed: Jul 6
Last Checked: Jul 24 at 1:19PM
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 Granberry Properties
Investment Insights
Based on property information with market context.
This property in Lake Dallas, Denton County, presents a unique live/work opportunity. The property, with a size of 3000 square feet, is suitable for commercial real estate, including live-work spaces, office properties and spaces, industrial properties, and other industrial properties. It is currently for sale.
Key Highlights
- Unique live/work opportunity
- Located in Lake Dallas
- Situated in Denton County
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $74.2k | $24.72 |
| − Vacancy | −$18.5k | −$6.18 |
| EGI | $55.6k | $18.54 |
| − OpEx | −$13.9k | −$4.64 |
| NOI | $41.7k | $13.91 |
3,000 SF · lease $24.72/SF/yr · vacancy 25.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$595.9K
$521.4K – $695.3K
NOI $41,715 @ 7.0% cap · market cap 4.19%
Second Best
Mixed Use
$578.6K
$506.3K – $675.0K
NOI $40,500 @ 7.0% cap · market cap 4.07%
Theoretical Best
Multifamily LT 5
$41.95M
$36.71M – $48.95M
NOI $2,936,729 @ 7.0% cap · market cap 295.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Live-work space
FAQs
What type of property is this?
Live-work space - Unique live/work space in Lake Dallas, Denton County.
Where is this live-work space located?
The property is located at 108 Adolphus Ave Lake Dallas, TX.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Unique live/work opportunity; Located in Lake Dallas; Situated in Denton County
