Lake Dallas Live/Work
For Sale
Contact for pricing
108 Adolphus Ave, Lake Dallas, TX 75065
Unique live/work space in Lake Dallas, Denton County.
Property Size3,000 SF
Price / SF$331.67
Days on Market796
Property Features for 108 Adolphus Ave
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Industrial, Office
Zoning
Commercial
Investment Type
Owner/User
Building Details
Year Built
2010
Year Renovated
2018
Buildings
1
Stories
2
Tenancy
Single
Listing Agency:
Granberry Properties
Listed By:
J. Craig Godfrey · License #479497
Source:
Crexi
Added: Aug 30, 2024
Changed: Oct 26
Last Checked: Nov 3 at 4:39AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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
Estimated NOI and Cap Rate
NOI / Yr
$41,715
Cap Rate
4.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$834,300
$834.3K
Cap Rate 7%
$595,929
$595.9K
Cap Rate 9%
$463,500
$463.5K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$74.2K $24.72/SF
− Vacancy
−$18.5K −$6.18/SF
EGI
$55.6K $18.54/SF
− OpEx
−$13.9K −$4.64/SF
NOI
$41.7K $13.91/SF
Area
Denton County, TX
Vacancy
25.00%
Lease Rate
$24.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$834,300
Cap Rate 7%
$595,929
Cap Rate 9%
$463,500
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 authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
440
Businesses Nearby
Explore this area
Business Placement
Demographics for 75065, TX
12,770
Population
5,125
Households
2.5
Avg Household Size
39
Median Age
38%
College-Educated
85%
High-School Grad
8.3 sq mi
ZIP Area
1,539
Density / Sq Mi
$98,284
Median Household Income
$43,673
Median Earnings
$1,659
Median Rent
$302,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
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
