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    11250 Central Expy Dallas, TX 75243

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    For Lease
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    Prime 20,000 SF Retail Box in Dallas, TX

    Lot size:
    20,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    400
    This exceptional 20,000-square-foot retail space presents a unique opportunity for businesses seeking high visibility and accessibility in the thriving Dallas market. Located at 11250 N Central Expressway, Dallas, TX 75243, this single-tenant property boasts a prominent position directly on Central Expressway, ensuring maximum exposure to a large volume of daily traffic. The building is entirely vacant, offering a blank canvas for a discerning tenant to customize the space to their exact specifications. The property's strategic location places it within a vibrant commercial corridor, alongside established businesses such as Studio Movie Grill, Conn's, Sun & Ski Sports, and a 24-hour fitness center. This prime location benefits from the high traffic volume generated by the proximity to the new Northaven hike-bike trail bridge, further enhancing pedestrian and vehicular accessibility. The property is situated in Dallas County, Texas, offering easy access to major transportation arteries and a diverse customer base. This is an unparalleled opportunity to establish a flagship location in a high-demand area with exceptional visibility and convenient access for customers. The property type is classified as retail commercial, offering significant potential for a variety of businesses. The building's substantial size provides ample space for a large-scale operation or the potential for division into smaller units. This property is ready for immediate occupancy.

    Property Features for 11250 Central Expy

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    20,000 SF

    Unit(s) available at that property

    Space
    Available Space
    Size
    20,000 SF

    HighLights

    • High‑profile former Jump Street location.
    • 20,000 square foot space with 22‑foot clear height.
    • Pylon signage opportunity available.
    • Convenient access via the new Northern Trail Bridge.
    Property Profile Location Intelligence

    Current Use by Public Records

    Royal Central Center Business Center Conn's HomePlus Electronics Store Mitsubishi Key Programming Auto Repair Shop Appliances Electronics Electronics Store Sago Food Fast Food Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.7669211
    Latitude
    32.9007578

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    FAQs

    What type of property is this?
    Retail property - Prime 20,000 SF Retail Box in Dallas, TX
    Where is this retail property located?
    The property is located at 11250 Central Expy Dallas, TX.
    What are key features of this property?
    This property features: High-profile former Jump Street location.; 20,000 square foot space with 22-foot clear height.; Pylon signage opportunity available.
    Request Owner's contact information
    11250 Central Expy Dallas, TX 75243
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    Dallas, TX 75243
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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.

    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
    11250 Central Expy Dallas, TX 75243
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