Office/Warehouse Condo For
For Sale
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2548 Southwell Road, Dallas, TX 75229
1250 SF office/warehouse condo, ideal for owner/user or investor.
Property Size1,250 SF
Price / SF$250
Days on Market715
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Property Features for 2548 Southwell Road
General Information
Standard status
Active
Size
1,250 SF
Property subtype
Industrial
Zoning
IR
Investment Type
Owner/User
Building Details
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Lang Real Estate Services
Listed By:
Matt Miller · License #TX
Source:
Crexi
Added: Oct 31, 2024
Changed: Oct 9
Last Checked: Oct 14 at 9:36PM
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 Lang Real Estate Services
Investment Insights
Based on property information with market context.
This 1250 square foot office/warehouse condo is available for sale. It is suitable for an owner/user or can be leased out as an investment property.
Key Highlights
- Office/warehouse condo for sale
- Suitable for owner/user
- Suitable as an investment property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,969
Cap Rate
3.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$219,380
$219.4K
Cap Rate 7%
$156,700
$156.7K
Cap Rate 9%
$121,878
$121.9K
Market Conditions
NOI Build-Up for 1,250 SF
Gross rent
$18.8K $15.00/SF
− Vacancy
−$1.9K −$1.50/SF
EGI
$16.9K $13.50/SF
− OpEx
−$5.9K −$4.73/SF
NOI
$11.0K $8.78/SF
Area
Dallas, TX
Vacancy
10.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$219,380
Cap Rate 7%
$156,700
Cap Rate 9%
$121,878
Alternative Uses
Best Use
Flex RnD
$156.7K
$137.1K – $182.8K
NOI $10,969 @ 7.0% cap · market cap 3.51%
Second Best
Industrial
$101.8K
$89.1K – $118.8K
NOI $7,127 @ 7.0% cap · market cap 2.28%
Theoretical Best
Office A
$1.50M
$1.31M – $1.75M
NOI $104,993 @ 7.0% cap · market cap 33.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,068
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75229, TX
33,168
Population
12,542
Households
2.6
Avg Household Size
37
Median Age
50%
College-Educated
81%
High-School Grad
12.4 sq mi
ZIP Area
2,675
Density / Sq Mi
$121,381
Median Household Income
$52,169
Median Earnings
$1,522
Median Rent
$598,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Great Endings Inc — 2433 Walnut Ridge St, Dallas, TX 75229
- Goodhart Coffee Catering of Dallas Fort Worth (DFW) — 2570 Southwell Rd, Dallas, TX 75229
- Totally Dvine — 11311 Harry Hines Blvd, Dallas, TX 75229, United States
- 9 Rabbits Bakery — 2546 Royal Ln, Dallas, TX 75229
Frequently Asked Questions
What type of property is this?
Flex space - 1250 SF office/warehouse condo, ideal for owner/user or investor.
Where is this flex space located?
The property is located at 2548 Southwell Road Dallas, TX.
What is the asking price?
The asking price for this property is $312,500.
What are key features of this property?
This property features: Office/warehouse condo for sale; Suitable for owner/user; Suitable as an investment property
